2023
a. On 1st June 2021, Iroko Plc issued 300,000 ordinary shares of D 10 at par payables as follows: D 6 on Application D 3 on Allotment D 1 on the First and Final call 450,000 applicants were received with application mon…
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2023 WAEC SSCE Accounts Past Questions
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2023
Easyway Limited produced disposable products for the health sector. Information available for the year ended 31st December 2021 is as follows: GH⊄ Sales 342000 Raw materials purchased 140500 Direct labour 70300 Deprecia…
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2023
a. The following were extracted from the books of Edum Republic for the year ended 31/12/2021: $ Receipts from oil and gas 522,500,000 Import duties 250,000,000 Export duties 180,500,000 Receipts from agriculture 60,000…
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2023
a. The following is the trial balance of Abete Trading Company as at 31st December 2020: Le Le Depreciation of fixed assets 9,260 Stock as 1st January 2020 3,600 Purchases and sales 100,000 174,000 General expenses 170,…
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2023
a. Explain accounting ratio giving one example of liquidity ratiob. State three users of accounting ratiosc. Outline three limitations to the use of accounting ratios
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2023
List five users of accounting information and state their respective interest in the accounting information
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2023
a. Identify the errors in the following transactions and state if they would affect the agreement of the trial balance totals - Purchase of consumable posted to purchases accountb. An invoice amount incorrectly posted t…
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2023
a. What are incomplete records?b. Outline three limitations of keeping incomplete recordsc. State three reasons a business keeps incomplete records
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2023
A crane hired by a building construction company would be classified as
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2023
The two column cash book records
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2023
Which of the following rules is applicable in the absence of a partnership agreement? Interest is payable
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2023
Use the following information to answer the question Taurus Ltd was incorporated with the legal right to issue five million ordinary shares. The company has issued three million of the shares at GH⊄ 0.60 per share. To d…
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2023
Use the following information to answer the question Taurus Ltd was incorporated with the legal right to issue five million ordinary shares. The company has issued three million of the shares at GH⊄ 0.60 per share. To d…
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2023
Discount allowed is shown in financial statements as
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2023
Use the following information to answer the questionSammy acquired plant an machinery costing ₦12,000 with an estimated useful life of 4 years and residual value of ₦2,000. The sum of the year digits method is used. The…
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2023
Use the following information to answer the questionSammy acquired plant an machinery costing ₦12,000 with an estimated useful life of 4 years and residual value of ₦2,000. The sum of the year digits method is used.The d…
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2023
Which of the following items are apportioned on the basis of purchases in preparing departmental accounts?
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2023
If sales is D 12,000 and the gross profit mark -up percentage is 25%. What is the cost of sales?
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2023
Carriage inwards on raw materials is recorded in the
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2023
Which of the following items is found in the profit and loss account of a company?
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