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Friday, 13 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1756:
Trade as a division of commerce is usually classified into
  • A Retail and whole sale
  • B Import and export
  • C Home and foreign
  • D Visible and invisible
View Answer & Explanation
Question 1757:
Liquid capital in a business means the
  • A Movable assets of the business
  • B Authorised capital
  • C Issued capital
  • D Assets easily convertible to cash
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Question 1758:
The relationship which subsists between between two or more persons carrying on a business with a view to profit" is
  • A Cooperative society
  • B Partnership
  • C Public limited company
  • D Credit union
View Answer & Explanation
Question 1759:
Rights issue is the
  • A Individual's right to be issued shares n subscription
  • B Right of shareholders to voteon issues
  • C Preferntial right to returns on shares
  • D Shares offered to existing shareholders at a cheaper price
View Answer & Explanation
Question 1760:
Which of the following pieces of information would be found in a typical debit note
  • A Customer code
  • B Date of invoice
  • C Brief reason for the debit
  • D E & O.E
View Answer & Explanation