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Wednesday, 11 November 2026
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Commerce Past Questions and Answers

Waec Commerce Questions

Question 356:
The difference between cost and selling prices gives?
  • A Trading account
  • B Net profit/loss
  • C Gross profit or loss
  • D Appropriation `
  • E Balance sheet
View Answer & Explanation
Question 357:
Which of the following is the quickest and most accurate means id communication?
  • A Telegram
  • B Express mail
  • C Courier service
  • D Telex
  • E Railex
View Answer & Explanation
Question 358:
A sales agreement whereby the buyer takes possession but not title to goods is called?
  • A Mortgage
  • B Auction sale
  • C Deferred payment
  • D Hire purchase
  • E Warranty
View Answer & Explanation
Question 359:
Any paid form of non-presentation of goods services by an identified sponsor is known as?
  • A Merchandising
  • B Advertising
  • C Publicity
  • D Public relations
  • E Sales promotion
View Answer & Explanation
Question 360:
The document issued to a lender under a company's seal acknowledging a debt is called?
  • A Stock
  • B Share
  • C Dividend warrant
  • D Debenture
  • E Mortgage
View Answer & Explanation