Search SchoolNGR

Thursday, 12 November 2026
Register . Login

Commerce Past Questions and Answers

Waec Commerce Questions

Question 1206:
A partnership without a deed shares profits/losses?
  • A In the ratio of partners' capital
  • B Equally among the partners
  • C Proportionate to patronage
  • D Proportionate to assets introduced
View Answer & Explanation
Question 1207:
They total amount of money actually received by a company out of the issued capital is?
  • A Paid - up capital
  • B Unissued capital
  • C Reserved capital
  • D Called-up capital
View Answer & Explanation
Question 1208:
If the turnover of as business is N16,000 and the cost of goods N12,000, what is the percentage of gross profit on sales?
  • A 75%
  • B 40%
  • C 33%
  • D 25%
View Answer & Explanation
Question 1209:
A partner without an unlimited liability is known as a?
  • A Dormant partner
  • B Nominal partner
  • C General partner
  • D Active partner
View Answer & Explanation
Question 1210:
A partner without an unlimited liability is known as a?
  • A Dormant partner
  • B Nominal partner
  • C General partner
  • D Active partner
View Answer & Explanation