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WAEC Commerce 2012 Question 42

Question 42

Purchase and Sale of Goods

Which of the following arrangement of documents is the correct sequence as used in the retail trade?
I. Quotation
II. Enquiry
III. Order
IV. Invoice

  1. A.I,II,III,IV
  2. B.II,I,III,IV
  3. C.I,IV,III only
  4. D.I, III,IV only
Show the answer and explanation

Answer: B (II,I,III,IV)

Explanation

The buyer first sends an enquiry, the seller replies with a quotation, the buyer orders, and the seller sends an invoice.