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Thursday, 02 April 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 2021:
which of the following occupations are classified under the extractive industry
(i) cattle rearing, lumbering and farming
(ii) mining, quarrying and hunting
(iii) ship building, road construction and iron bending
(iv) singing, dancing and tailoring
  • A I and iii only
  • B I, ii and iv
  • C I and ii
  • D Ii, iii and iv
View Answer & Explanation
Question 2022:
which of the following allows a drawer of a document to correct any error
  • A C.I.F
  • B I.O.U
  • C C.W.O
  • D E.O.E
View Answer & Explanation
Question 2023:
use the following information relating to Bala enterprises to anwser the question
N
premises 32,000
motor vehicle 15,000
debtors 15,000
stock 20,000
creditors 10,000






The value of current assets is?
  • A N35,000
  • B N32,000
  • C N25,000
  • D N10,000
View Answer & Explanation
Question 2024:
use the following information relating to Bala enterprises to anwser the question
N
premises 32,000
motor vehicle 15,000
debtors 15,000
stock 20,000
creditors 10,000






what is the value of working capital
  • A N47,000
  • B N35,000
  • C 25,000
  • D 10,000
View Answer & Explanation
Question 2025:
use the following information relating to Bala enterprises to anwser the question
N
premises 32,000
motor vehicle 15,000
debtors 15,000
stock 20,000
creditors 10,000






the value of fixed assets
  • A N72,000
  • B N47,000
  • C N35,000
  • D N25,000
View Answer & Explanation