2018
On 31 December 2016, the bank column of the cash book of Aminata Enterprise showed a debit balance of D48,500. However, the bank statement showed a credit balance of D54,900 on the same date. A detailed comparison of ent…
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2018 WAEC SSCE Accounts Past Questions
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2018
Baako Ltd purchased motor vehicle as follows: Date Quantity N 01/01/13 1 800,000 01/07/13 1 400,000 01/04/15 1 600,000The company adopts a straight-lin…
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2018
a) List six users of accounting information(b) State the formula and the use of each of the following accounting ratios:i. Quick ratio ii. Net profit margin iii. Total assets turnover iv. Creditors payment period (in…
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2018
(a) Which business organizations have the need to prepare departmental accounts?(b) State two reasons for preparing departmental accounts.(c) State how the following incomes and expenses are apportioned in departmental a…
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2018
(a) Explain with examples, the following components of cost in a Manufacturing Account: i. Direct material cost; ii. Direct labor cost iii. Factory overhead(b) Describe the three types of stocks in a manufacturing concer…
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2018
(a) Mention three disadvantages to a business that does not keep proper accounting records.(b) Explain the following characteristics of accounting information i. Relevance ii. Comparability iii. Consisten…
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2018
1) Differentiate between Public sector accounting and Private sector accounting2) Sources of revenue for a local government3) Items of expenditure of a local government
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2018
a) What is Goodwill?b) Conditions under which Goodwill is valued in a Partnershipc) Contents of a partnership agreement
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2018
What is depreciation?What factors determine depreciation charges?Reasons for providing depreciation
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2018
(a) Objectives of Financial Accounting(b)Characteristics of good accounting information (c) Users of accounting information and their interests
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2018
''Below the line'' item in public sector accounting means such an item is--------
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2018
The authority to incur expenditure in the public sector is-------------
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2018
Use the following information to amswer the question that followsOrdinary share----------------------------------70,000 Retained earnings-----------------------------31,142 Motor vehicle at cost--------------------------…
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2018
Use the following information to amswer the question that followsOrdinary share----------------------------------70,000 Retained earnings-----------------------------31,142 Motor vehicle at cost--------------------------…
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2018
Under the cost method in branch accounting, branch gross profit is disclosed in the-------
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2018
The basis of apportionmentof insurance on building in departmental accounts is--------
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2018
Interim dividend paid in the year is--------
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2018
The process of distributing shares to successful applicants is------.
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2018
The accounting entry for cash realized from the sale of assets on the dissolution of a partnership is debit------
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2018
Use the following information to answer the question belowN Net profit -------------------------17,460 Capital account: Taiwo--------50,000 Obi----------40,000 Drawings Account: Taiwo----12,000…
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