Waec Commerce Past Questions and Answers

Question 271:

• WAEC 1991

Which of the following is not a necessary document in incorporating a company?

A. Memorandum of Association
B. Articles of Association
C. A statement of nominal capital
D. A certificate of Trading
E. A statement of minimum subscription

Question 272:

• WAEC 1991

Details of a new share for which the public is being invited to subscribe are contained in the?

A. Memorandum of Association
B. Certificate of Trading
C. Certificate of Incorporation
D. Prospectus
E. Balance sheet

Question 273:

• WAEC 1991

Which of the following accompanies goods supplied and forms a receipt when signed by the consignee?

A. Invoice
B. Order
C. Delivery note
D. Requisition note
E. Advice note

Question 274:

• WAEC 1991

A cover note is a?

A. Document of title to goods
B. Letter from the tax authority
C. Label attached to goods foe indentification
D. Temporary insurance certificate
E. Letter issued by banks to customers

Question 275:

• WAEC 1991

In nationalized industries, losses are borne by the?

A. Tax payers
B. Shareholders
C. Debenture holders
D. Minister of industries
E. Borad of Directors