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Commerce Past Questions and Answers

Waec Commerce Questions

Question 1966:
BXY Enterprise has the following balance at the end of march 2010
opening stock D6,000
purchases D23,000
salaries and wages D12,000
closing stock D8,000
sales D30,000



Use the information above to answer the following question.


calculate the gross profit by BYX Enterprise
  • A D13,000
  • B D9,000
  • C D5,000
  • D D1,000
View Answer & Explanation
Question 1967:
BXY Enterprise has the following balance at the end of march 2010
opening stock D6,000
purchases D23,000
salaries and wages D12,000
closing stock D8,000
sales D30,000



Use the information above to answer the following question.


what is the rate of turnover by BYX Enterprise
  • A 5.0 times
  • B 3.5 times
  • C 3.0 times
  • D 1.5 times
View Answer & Explanation
Question 1968:
which of the following workers is engaged in construction occupation
  • A Mason
  • B Shop assistant
  • C Farmer
  • D Train driver
View Answer & Explanation
Question 1969:
A cheque which the bank refused to pay because the drawer had insufficient funds in his account is?
  • A A bounced cheque
  • B A bearer cheque
  • C A crossed cheque
  • D An order cheque
View Answer & Explanation
Question 1970:
which of the following is a function of the retailer to the wholesaler
  • A Providing after sales services
  • B Providing information on market trends
  • C Sales of variety of goods
  • D Sales of goods in smaller quantities
View Answer & Explanation