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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1866:
A personal computer on sale in an office equipment shop is an example of
  • A Stock
  • B Fixed asset
  • C Liability
  • D Fixed capital
View Answer & Explanation
Question 1867:
The difference between current assets and current liabilities is
  • A Issued capital
  • B Capital employed
  • C Working capital
  • D Nominal capital
View Answer & Explanation
Question 1868:
A Ltd. Company has an authorized capital of 2,000,000 shares of D5 each. If the company issued 1,200,000 shares, its issued capital is
  • A D 10,0000,000
  • B D6,000,000
  • C D4,000,000
  • D D2,000,000
View Answer & Explanation
Question 1869:
The money issued by Ola Maro and Co Ltd. in running the day to day activities of the business is represented by
  • A Fixed capital
  • B Capital employed
  • C Paid-up capital
  • D Working capital
View Answer & Explanation
Question 1870:
Which of the following is an advantage of a sole trader?
  • A Guaranteed profit
  • B Quick decision-making
  • C Unlimited liabilty
  • D Buying on credit
View Answer & Explanation