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Friday, 13 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1426:
Which of the following is used only in international trade?
  • A Letter of inquiry
  • B Certificate of origin
  • C Pro-forma invoice
  • D Consignment note
View Answer & Explanation
Question 1427:
The following information relates to Mallam Amidu Kachella for the year ended 31/12/2005.
#
Opening stock 4,000
Purchases 16,000
Sales 30,000
Debtors 6,500
Creditors 4,200
Cash in hand 800
Closing stock 5,600
Bank overdraft 3,000
The average stock is
  • A #1,600
  • B #4,800
  • C #5,600
  • D #9,600
View Answer & Explanation
Question 1428:
When the public wants to buy more of a company's share than has been offered for sale, the share is said to be
  • A Rights issue
  • B Over subscribed
  • C Qouted at a premium
  • D Over-valued
View Answer & Explanation
Question 1429:
Which of the following goods has the lowest rate of turnover?
  • A Staple foods
  • B Office stationery
  • C Refrigerator
  • D School exercise books
View Answer & Explanation
Question 1430:
Which of the following is not a duty of a credit union?
  • A Helping members to save
  • B Granting loans
  • C Advising on the use of funds
  • D Confirming members' indebtedness
View Answer & Explanation