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2436

Which of the following is a means of payment?

  • A. I.O.U
  • B. Postal order
  • C. Promissory note
  • D. C.I.F
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2437

Shipping services rendered by Nigeria to The Gambia would be classified by The Gambia as

  • A. invisible imports
  • B. invisible exports
  • C. visible imports
  • D. vivible exports
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2438

The main divisions of production are

  • A. industry, direct and indirect services
  • B. extraction, manufacturing and construction
  • C. industry, commerce and direct services
  • D. industry, commerce and trading
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2439

A trader's turnover was D36,000. Purchases was D28,000. The opening stock was D2,000 and the closing stock was D3,000.

What is the cost of goods sold?

  • A. D28,000
  • B. D27,000
  • C. D8,000
  • D. D5,000
View Answer & Discuss WAEC 2011
2440

A trader's turnover was D36,000. Purchases was D28,000. The opening stock was D2,000 and the closing stock was D3,000.

What is the cost of goods sold?

  • A. D28,000
  • B. D27,000
  • C. D8,000
  • D. D5,000
View Answer & Discuss WAEC 2011
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