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2441

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

The average stock is

  • A. D5,000
  • B. D3,000
  • C. D2,500
  • D. D2,000
View Answer & Discuss (1) WAEC 2011
2442

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 rate of turnover?

  • A. 13.5 times
  • B. 10.8 times
  • C. 9 times
  • D. 5.4 times
View Answer & Discuss WAEC 2011
2443

In marine insurance, when a particular cargo is thrown into the sea in order to prevent the ship from sinking, the type of marine loss is

  • A. particular average loss
  • B. general average loss
  • C. total average loss
  • D. constructive average loss
View Answer & Discuss WAEC 2011
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2444

The turnover of a trade is the

  • A. number of times the stock is sold
  • B. total sales made during a period
  • C. profit made during the period
  • D. total purchases made during the period
View Answer & Discuss WAEC 2011
2445

The total assets of a business less its total liability is known as

  • A. capital owned
  • B. share capital
  • C. issued capital
  • D. working capital
View Answer & Discuss WAEC 2011
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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now