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Thursday, 12 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1101:
Which of the following is a creditor legally bound to accept for settlement of a debt?
  • A Bank draft
  • B Bank note
  • C Money order
  • D Cheque
View Answer & Explanation
Question 1102:
Which of the following is a creditor legally bound to accept for settlement of a debt?
  • A Bank draft
  • B Bank note
  • C Money order
  • D Cheque
View Answer & Explanation
Question 1103:
All human efforts geared towards the production of goods and services is?
  • A Entrepreneurship
  • B Labour
  • C Capital
  • D Occupation
View Answer & Explanation
Question 1104:
Which of the following abbreviations indicates that the seller reverse the right to correct errors on the invoice
  • A E & O.E
  • B C.I.F
  • C C.O.D
  • D C.W.O
View Answer & Explanation
Question 1105:
A document from a seller which corrects an under-charge on a buyer's account is known as?
  • A Proforma invoice
  • B Credit note
  • C Debit note
  • D Statement of account
View Answer & Explanation