by Sunday | Jan 8 | Commerce WAEC
The following is a summary of the asset and liabilities of Ojo trading company as at 31st December, 2018 Initial Capital 5000 Net Profit 1000 Furniture 2000 Equipment 2900 Debtors 100 Stock 1000 Bank 500 A. 6500 B. 2000 C. 4900 D. 600 Correct Answer: Option C C....
by Sunday | Jan 8 | Commerce WAEC
A. Custom Officers B. Family Doctors C. Civil Servants D. Law Makers Correct Answer: Option A A. Custom Officers Explanation Indirect service are services rendered to the general public but they are not paid by the members of the public directly. The government will...
by Sunday | Jan 8 | Economics WAEC
A. Government B. Corporate Affairs Commission C. Agent D. Enterprise Correct Answer: Option B B. Corporate Affairs Commission Explanation All businesses must be registered with the Corporate Affairs Commission and a certificate of incorporation will be issued to any...
by Sunday | Jan 8 | Commerce WAEC
A. offer B. acceptance C. warranty D. consideration Correct Answer: Option D D. consideration Explanation Consideration is one of the valid elements of a contract. It is the price for which a promise is bought.
by Sunday | Jan 8 | Commerce WAEC
A. Dissolution B. Liquidation C. Integrating D. Merger Correct Answer: Option B B. Liquidation Explanation Liquidation is the termination of a company when it has completed the business for which it was created.