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
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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 1st January 2015. The life span was estimated to be 20 years while scrap at the end of the period was valued at Le…
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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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