WAEC Past Questions and Answers - Page 428

2,136.

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.

2,137.

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.

2,138.

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

A.

invoice

B.

consignment note

C.

debit note

D.

proforma invoice

E.

delivery note

Correct answer is D

No explanation has been provided for this answer.

2,139.

An instalmental buying system where ownership immediately transfers to the buyer is known as?

A.

deferred payment

B.

hire - purchase

C.

spot buying

D.

cash sales

E.

prompt payment

Correct answer is A

No explanation has been provided for this answer.

2,140.

Which of the following officials were charged by pharaoh to kill the Hebrew male children?

A.

Egyptian physicians

B.

Egyptian taskmasters

C.

Hebrew midwives

D.

Egyptian soldiers

E.

Hebrew physicians

Correct answer is C

No explanation has been provided for this answer.