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Thursday, 09 April 2026
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Commerce Past Questions and Answers

Commerce Questions

Question 3536:
36 2017
Adama's opening stock is D5,000. He purchased goods worth D30,000. His closing stock was D7,000 and sales D55,000<br/><br/><br/>What is the rate of stock turnover.
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  • A 11 times
  • B 6 times
  • C 4.7 times
  • D 4 times
View Answer & Explanation
Question 3537:
36 2017
which of the following is a source of short term capital.
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  • A Trade credit
  • B Shares
  • C Leasing
  • D Debenture
View Answer & Explanation
Question 3538:
36 2017
The most suitable channel for the sale of an aircraft is?
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  • A Manufacturer-wholesaler-retailer-consumer
  • B Manufacture-wholesaler-consumer
  • C Manufacturer - retailer - consumer
  • D Manufacturer - consumer
View Answer & Explanation
Question 3539:
36 2017
The duty payable on goods produced locally iis
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  • A Export duty
  • B Excise duty
  • C Import duty
  • D Advalorem duty
View Answer & Explanation
Question 3540:
36 2017
An overdraft is granted to holders of?
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  • A Savings accounts
  • B Loan accounts
  • C Deposit accounts
  • D Current accounts
View Answer & Explanation

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