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Friday, 13 November 2026
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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 1341:
WAEC 2005
The nominal value of a share is the same as its?
SchoolNGR Classroom
  • A Market value
  • B Below par value
  • C Above par value
  • D Face value
View Answer & Explanation
Question 1342:
WAEC 2005
The nominal value of a share is the same as its?
SchoolNGR Classroom
  • A Market value
  • B Below par value
  • C Above par value
  • D Face value
View Answer & Explanation
Question 1343:
WAEC 2005
Which of the following is an intangible assets of a firm?
SchoolNGR Classroom
  • A Goodwill
  • B Reserve
  • C Skilled personnel
  • D Rights issue
View Answer & Explanation
Question 1344:
WAEC 2005
The net profit of a business is determined by?
SchoolNGR Classroom
  • A Deducting cost of goods sold from sales
  • B Deducting purchases from sales
  • C Adding commission received to gross profit
  • D Deducting all expenses from gross profit and other income
View Answer & Explanation
Question 1345:
WAEC 2005
An organization formed mainly by traders on the same line of business is known as?
SchoolNGR Classroom
  • A Trade union
  • B Cooperative society
  • C Trade association
  • D Chamber of commerce
View Answer & Explanation

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