Waec Commerce Past Questions and Answers

Question 476:

• WAEC 1993

A document that is sent to a buyer when credit is not allowed is?

A. Invoice
B. Consignment note
C. Debit note
D. Proforma invoice
E. Delivery note

Question 477:

• WAEC 1993

Which of the following is true of a delivery note? It

A. Is sent in anticipation of delivery
B. Does not show the prices of the goods
C. Gives additional information about the goods
D. Shows the pictures of goods being delivered
E. Is a demand for payment

Question 478:

• WAEC 1993

A parcel of shoes valued at N2,000 only. Which of the following would be used by the seller to correct this error?

A. An invoice for N200
B. A credit note for N1,800
C. A debit note for N1,800
D. A debit note for N2,000
E. A credit note for N2,200

Question 479:

• WAEC 1993

An increase in turnover is an increase in?

A. Liquid capital
B. The volume of sales
C. Current assets
D. Fixed assets
E. Owners equity

Question 480:

• WAEC 1993

New shares are offered to the public through?

A. Acceptance houses
B. The stock exchange
C. Issuing houses
D. Discount houses
E. Finance houses