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Commerce Past Questions and Answers

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Waec Commerce Questions

Question 476:

A document that is sent to a buyer when credit is not allowed is?

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A Invoice
B Consignment note
C Debit note
D Proforma invoice
E Delivery note

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Question 477:

Which of the following is true of a delivery note? It

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A Is sent in anticipation of delivery
B Does not show the prices of the goods
C Gives additional information about the goods
D Shows the pictures of goods being delivered
E Is a demand for payment

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Question 478:

A parcel of shoes valued at N2,000 only. Which of the following would be used by the seller to correct this error?

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A An invoice for N200
B A credit note for N1,800
C A debit note for N1,800
D A debit note for N2,000
E A credit note for N2,200

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Question 479:

An increase in turnover is an increase in?

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A Liquid capital
B The volume of sales
C Current assets
D Fixed assets
E Owners equity

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Question 480:

New shares are offered to the public through?

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A Acceptance houses
B The stock exchange
C Issuing houses
D Discount houses
E Finance houses

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