Waec Commerce Past Questions For Year 2021
Question 16
Use the information below to answer questions 20 and 21.| Opening stock | 4000 |
| Closing stock | 12000 |
| Purchases | 17000 |
- A. N4,000
- B. N9.000
- C. N16.000
- D. N21,000
Question 17
Use the information below to answer questions 20 and 21.| Opening stock | 4000 |
| Closing stock | 12000 |
| Purchases | 17000 |
- A. NI0,500
- B. N8.500
- C. N8,000
- D. 6000
Question 18
An error on an invoice may be rectified by issuing
- A. an advice note
- B. a consignment note
- C. a credit note
- D. a delivery note
Question 19
The collection of import duty is a function of the
- A. ports authority
- B. marketing boards
- C. clearing and forwarding agents
- D. customs and excise authority
Question 20
A country's balance of trade of -$20 million shows that its
- A. import volume is greater than export
- B. import and export volumes are equal
- C. export volume is greater than imports
- D. exports are mainly primary products
