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Thursday, 12 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1226:
Which of the following documents is required when a bill of lading is not readily available to enable the goods to be landed?
  • A Bill of exchange
  • B Certificate of origin
  • C Consumers invoice
  • D Bill of sight
View Answer & Explanation
Question 1227:
Total assets minus current liabilities is equal to a company's?
  • A Gross profit
  • B Net profit
  • C Capital owned
  • D Capital employed
View Answer & Explanation
Question 1228:
A public limited liability company can be enter into contracts because it?
  • A Has many employees
  • B Has shareholders
  • C Is legal entity
  • D Is allowed to take out debentures
View Answer & Explanation
Question 1229:
A public limited liability company can be enter into contracts because it?
  • A Has many employees
  • B Has shareholders
  • C Is legal entity
  • D Is allowed to take out debentures
View Answer & Explanation
Question 1230:
Taxes imposed on locally made goods are known as?
  • A Ad valorem
  • B Import duties
  • C Export drawback
  • D Excise duties
View Answer & Explanation