WAEC Commerce Past Questions & Answers - Page 240

1,196.

The main advantage of water transport is that it?

A.

is safe

B.

is slow

C.

can carry heavy goods

D.

can go long distances

E.

is owned by private firms

Correct answer is C

No explanation has been provided for this answer.

1,197.

New shares are offered to the public through?

A.

acceptance houses

B.

the stock exchange

C.

issuing houses

D.

discount houses

E.

finance houses

Correct answer is C

No explanation has been provided for this answer.

1,198.

An increase in turnover is an increase in?

A.

liquid capital

B.

the volume of sales

C.

current assets

D.

fixed assets

E.

owners equity

Correct answer is B

No explanation has been provided for this answer.

1,199.

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

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

Correct answer is C

No explanation has been provided for this answer.

1,200.

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

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

Correct answer is B

No explanation has been provided for this answer.