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Friday, 13 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1496:
The various rights attached to different classes of shares are stated in the
  • A Articles of association
  • B Memorandum of association
  • C Balance sheet
  • D Prospectus
View Answer & Explanation
Question 1497:
Which of the following gets extra dividend after its due fixed rate of dividend
  • A Preference shares
  • B Cumulative preference shares
  • C Ordinary shares
  • D Participating preference shares
View Answer & Explanation
Question 1498:
A company may be wound up when
  • A There is a disagreement among the directors
  • B There are too many shareholders
  • C Many of the share holders die
  • D Its product competes with that of the government
View Answer & Explanation
Question 1499:
If the opening stock is Le200, cost of goods sold Le2,400, and closing stock Le120, then the rate of turnover is
  • A 20 times
  • B 15 times
  • C 12 times
  • D 7.5 times
View Answer & Explanation
Question 1500:
The money used by Njie & Co. Ltd in running the day-to-day activities of the business is represented by
  • A Total assets less total liabilites
  • B Total assets less current liabilities
  • C Current assets less stock
  • D Current assets less current liabilities
View Answer & Explanation