2019
On 30th September 2017, Adedeji's cash book showed a debit balance of N7,600. However, his bank statement showed an overdraft balance of N1,880. On investigation, the following details were discovered:i. A standing order…
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2019 WAEC SSCE Accounts Past Questions
2019
Ubochi and Hassanah started a partnership business on 1st January 2015. They contributed D 300,000 and D 250,000 respectively as capital. Their partnership deed stated that:i. interest of 8% should be paid on capital per…
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2019
The following transactions were extracted from the books of Adamu, a sole trader for the month of March 2016.March 4: Sold 80 bags of maize on credit to Papuk at N255 per bag subject to a trade discount of 5%. March 10:…
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2019
(a) Outline three reasons for which a cheque would be dishonored.(b) Explain the following terms: i. petty cash float. ii. contra entries. iii. imprest system(c) State three advantages of keeping petty cash book using im…
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2019
(a) State three effects of drawings on the business of a sole proprietor.(b) Explain how the following items are treated in the balance sheet: i. accrued expenses ii. prepaid expenses iii. accrued income.
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2019
(a) What are closing entries?(b) Distinguish between a branch and a department.(c) State four reasons for the preparation of branch accounts.
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2019
Explain the following items and outline how they are treated in the final accounts:(a) increase in provision for doubtful debts(b) decrease in provision for doubtful debts(c) provision for discount on debtors(d) provisio…
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2019
What are the Limitations of ratio analysis
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2019
(a) What is a Ledger(b) List out the uses of an invoice to the seller and the buyer(c) Advantages of dividing the ledger into different classes
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2019
(a) what are the sources of revenue to a federal government(b) What are the advantages of cash basis in public sector accounting(c) Mention five reasons for public sector accounting
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2019
(a) Give reasons for including outstanding liabilities in the Balance Sheet(b) How do you record an income generating activity of a bar in a not-for-profit-making organization:
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2019
Subscription owing $ 6,000 (31/12/2014); Subscription in advance $ 4,000 (31/12/2014); Cash received as subscription during the year was $ 80,000.The subscription for the year 2014 was?
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2019
The net book value of the machine as at 31st December 2017 was
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2019
Use the following information to answer the question belowA firm bought a lathe machine for Le 45,600 on 1s January 2015. The life span was estimated to be 20 years while scrap at the end of the period was valued at Le 1…
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2019
The document used to correct an undercharge on an invoice is
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2019
The concept that recognizes revenue at the time of sale and not only when cash is received is
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2019
An example of a nominal account is
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2019
Set-off is carried out in the control account when
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2019
Capital and drawings accounts are kept in the
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2019
Use the following information to answer the question belowCost of raw materials available------32,000 Manufacturing wages -----10,000 Factory expenses-----5,000 Royalty-------3,000 Factory rent ------2,000 Depreciation o…
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