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4146

Sales ----------------------------------- #50,000
Debtors -------------------------------- #10,000
Cash-in-hand --------------------------#5,000
Opening stock -------------------------#30,000
Creditors ------------------------------- #8,000
Purchases ----------------------------- #16,000
Overdraft ------------------------------- #12,000
Closing stock -------------------------- #10,000

Calculate the gross profit.

  • A. #35,000.00
  • B. #20,000.00
  • C. #15,000.00
  • D. #14,000.00
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4147

A partner who contributes only his name to the formation of a partnership is

  • A. a nominal partner
  • B. a limited partner
  • C. a general partner
  • D. an active partner
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4148

Which of the following groups would advocate for the supply of constant electricity to households?

  • A. consumers' association
  • B. credit union
  • C. Employers' association
  • D. Labour union
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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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4149

A retail store that sells a single product from a particular manufacturer is a

  • A. tied shop
  • B. shopping mall
  • C. hypermarket
  • D. chain store
View Answer & Discuss (2) WAEC 2022
4150

A country's visible balance of payment is made up of

  • A. interest on loans to foreign countries
  • B. profit from investment abroad
  • C. earnings from goods exported
  • D. dividend earned from companies
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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