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1231
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
View Answer & Discuss WAEC 1993
1232
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
View Answer & Discuss WAEC 1993
1233
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
View Answer & Discuss (1) WAEC 1993
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
1234
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
View Answer & Discuss WAEC 1993
1235
An increase in turnover is an increase in?
  • A. liquid capital
  • B. the volume of sales
  • C. current assets
  • D. fixed assets
  • E. owners equity
View Answer & Discuss WAEC 1993
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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