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Commerce 2025 WAEC Past Questions

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16

Which of the following is not a condition for dissolution of a partnership?

  • A. Termination of the venture
  • B. Mutual consent of the partners
  • C. Continuous disagreement among partners
  • D. Expiration of a business year
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17

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
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18

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
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19

An error on an invoice may be rectified by issuing

  • A. an advice note
  • B. a credit note
  • C. a consignment note
  • D. a delivery note
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20

Use the information below to answer questions below

  #
opening stock 4000
closing stock 12000
purchases 17000

What is the average stock?

 

  • A. #10,500
  • B. #8,000
  • C. #6,000
  • D. #8,500
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