WAEC Commerce 2025 Theory — Question 6
Question 6 of 24 from the West African Examinations Council (WAEC) Commerce 2025 Theory paper, with the correct answer and a full explanation.
Advertisement
2(b) Abu and Saul are sole proprietors. Abu suggested to Saul that their businesses be merged into a partnership. (i) List four sources of finance that could be available to the partnership.
Model answer
I. Loans from the partners, Abu and Saul. II. Capital contribution of Abu and Saul. III. Loans from commercial banks to the partnership business. IV. Credit sales to the business.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.