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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 271:

Which of the following is not a necessary document in incorporating a company?

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A Memorandum of Association
B Articles of Association
C A statement of nominal capital
D A certificate of Trading
E A statement of minimum subscription

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Question 272:

Details of a new share for which the public is being invited to subscribe are contained in the?

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A Memorandum of Association
B Certificate of Trading
C Certificate of Incorporation
D Prospectus
E Balance sheet

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Question 273:

Which of the following accompanies goods supplied and forms a receipt when signed by the consignee?

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A Invoice
B Order
C Delivery note
D Requisition note
E Advice note

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Question 274:

A cover note is a?

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A Document of title to goods
B Letter from the tax authority
C Label attached to goods foe indentification
D Temporary insurance certificate
E Letter issued by banks to customers

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Question 275:

In nationalized industries, losses are borne by the?

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A Tax payers
B Shareholders
C Debenture holders
D Minister of industries
E Borad of Directors

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