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WAEC GCE Book Keeping Questions 2020 Objective and Theory Updates.

Filed in Exam, WAEC News by on February 20, 2020

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WAEC GCE Book Keeping Questions 2020 Objective and Theory Updates.

WAEC Book Keeping Questions 2020: Book Keeping WAEC GCE Expo Questions is out now on our website. In this article, I will be showing you past WAEC GCE Book Keeping random repeated questions for free. You will also understand how WAEC GCE Book Keeping questions are set and many more examination details. All you need to do is to stay focus and follow this guide.

The West African Examinations Council (WAEC) is an examination board that conducts the West African Senior School Certificate Examination, for University and Jamb entry examination in West Africa countries. … In a year, over three million candidates registered for the exams coordinated by WAEC.

WAEC Book Keeping Questions 2020

Book Keeping Examination Scheme

There will be two papers, Papers 1 and 2, both of which will be a composite paper to be taken at one sitting.

PAPER 1: Will consist of forty multiple choice questions all of which must be answered in 50 minutes for 40 marks
PAPER 2: Will consist of two sections, Sections A and B as follows:
Section A: Will cover Theory of Book-Keeping and contain four questions. Candidates will be required to answer two for 20 marks.
Section B: Will cover Practice of Book-Keeping and contain five questions.
Candidates will be required to answer three for 60 marks. The paper will last 2 hours.

PAPER 1 – OBJECTIVE

1. A statement drawn up to show assets and liabilities is
A. bank statement.
B. balance sheet.
C. statement of account.
D. general journal.

2. Discounts allowed and received are recorded in the
A. three Column Cash Book.
B. bank Statement.
C. single Column Cash Book.
D. petty Cash Book.

DISCLAIMER! These are not real WAEC GCE Book Keeping questions but likely repeated questions over the years to help candidate understand the nature of their examinations. Ensure to take note of every questions provided on this page.

3. Which of the following is not a trial balance item?
A. Opening stock
B. Closing stock
C. Capital
D. Discounts received

4. The excess of expenditure over income in an income and expenditure account is
A. loss.
B. balance.
C. deficit
D. profit

PAPER 2 – ESSAY

1. Explain the following terms:
(a) Trial balance
(b) Petty cash book
(c) Bad debts
(d) Balance Sheet
(e) General Journal

2. (a) Explain the term depreciation of asset.
(b) Give eight examples of depreciable asset.
(c) Outline two methods of calculating depreciation

3. (a) What is control account?
(b) State four uses of control account.
(c) State five uses of control account.

4. Enter the following transactions in the book of Ehi:
January 1. Bought goods on credit from Layi
10 rulers at N
50 each
16 exercise book at N
120 each
January 12. Purchased on credit from Ucha
15 shoes at N
400 each
16 shirts at N
120 each
Less 5% discount.

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Comments (10)

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