by Sunday | Mar 14 | Commerce WAEC
A. working capital B. capital employed C. share capital D. fixed capital Correct Answer: Option A A. working capital Explanation Working capital is the money that allows a corporation to function by providing cash to pay the bills and keep operations humming. it is...
by Sunday | Mar 14 | Commerce WAEC
A. savings accounts B. loan accounts C. deposit accounts D. current accounts Correct Answer: Option D D. current accounts Explanation An overdraft occurs when money is withdrawn from a bank account and the available balance goes below zero. overdrafts are only allowed...
by Sunday | Mar 14 | Commerce WAEC
A. export duty B. excise duty C. import duty D. ad Valorem duty Correct Answer: Option B B. excise duty Explanation An excise or excise tax is any duty on manufactured goods which is levied at the moment of manufacture, rather than at sale. excise is levied on goods...
by Sunday | Mar 14 | Commerce WAEC
A. manufacturer-wholesaler-retailer-consumer B. manufacture-wholesaler-consumer C. manufacturer – retailer – consumer D. manufacturer – consumer Correct Answer: Option D D. manufacturer – consumer Explanation Producer-Consumer: This is the...
by Sunday | Mar 14 | Commerce WAEC
A. trade credit B. shares C. leasing D. debenture Correct Answer: Option A A. trade credit Explanation Trade credit is the credit extended by one trader to another for the purchase of goods and services. Trade credit facilitates the purchase of supplies without...