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Thursday, 12 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 966:
A public Limited Company whose nominal capital is made up of 400,000 ordinary shares of 50k each, decided to issue 50% of it to the public and realized only 50% of the amount due
What is the paid up capital?
  • A #50,000.00
  • B #100,000.00
  • C #150,000.00
  • D #200,000.00
View Answer & Explanation
Question 967:
A public Limited Company whose nominal capital is made up of 400,000 ordinary shares of 50k each, decided to issue 50% of it to the public and realized only 50% of the amount due
What is the called-up capital
  • A #50,000.00
  • B #100,000.00
  • C #200,000.00
  • D #400,000.00
View Answer & Explanation
Question 968:
Which of the following documents is used to advertise shares to the public?
  • A Letter of allotment
  • B Articles of association
  • C Memorandum of asscociation
  • D Prospectus
View Answer & Explanation
Question 969:
A major advantage of the private company over a partnership is that the private company
  • A Can sell shares
  • B Has limited liability
  • C Can publish its account
  • D Is allowed to borrow from commercial banks
View Answer & Explanation
Question 970:
Which of the following is a contract of carriage and a document of title?
  • A Indent
  • B Bill of lading
  • C Pro forma invoice
  • D Is allowed to borrow from commercial banks
View Answer & Explanation