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Saturday, 14 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 2286:
A country's balance of trade of -S20 million shows that its
  • A Import volume is greater than export
  • B Import and export volumes are equal
  • C Export volume is greater than imports
  • D Exports are mainly primary products
View Answer & Explanation
Question 2287:
The collection of import duty is a function of the
  • A Ports authority
  • B Marketing boards
  • C Clearing and forwarding agents
  • D Customs and excise authority
View Answer & Explanation
Question 2288:
An error on an invoice may be rectified by issuing
  • A An advice note
  • B A consignment note
  • C A credit note
  • D A delivery note
View Answer & Explanation
Question 2289:
Use the information below to answer questions 20 and 21.
Opening stock 4000
Closing stock 12000
Purchases 17000






What is the average stock?
  • A NI0,500
  • B N8.500
  • C N8,000
  • D 6000
View Answer & Explanation
Question 2290:
Use the information below to answer questions 20 and 21.
Opening stock 4000
Closing stock 12000
Purchases 17000






The cost of goods sold is
  • A N4,000
  • B N9.000
  • C N16.000
  • D N21,000
View Answer & Explanation