ADS! Get Admission into 200 Level and Study any Course in any University of Your Choice. Low Fees | No JAMB UTME. Call 08063692710

WAEC Financial Accounting Questions 2019 and Theory and OBJ Answers

Filed in Exam, WAEC News by on March 29, 2019

=>> CHAT Right HERE with Our Representative - Immediate Response


WAEC Financial Accounting Questions 2019 and Theory and OBJ Answers.

WAEC Financial Accounting, Financial Accounting WAEC Questions 2019 | In this article, I will be showing you past WAEC Financial Accounting objective and theory random repeated questions for free. You will also understand how WAEC Financial Accounting 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 Financial Accounting Questions 2019

WAEC Financial Accounting Questions 2017

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

PAPER 1: Will comprise fifty multiple choice questions to be taken in 1 hour for 50 marks.
PAPER 2: Will be made up of two sections: Sections A and B and will last 2½ hours.

Section A: Will contain five essay questions on theory of financial accounting. Candidates will be required to answer two out of the four questions for 15 marks each.
Section B: Will contain five essay questions on financial accounting practice. Candidates will be required to answer three out of the questions for 15 marks each.

OBJECTIVE

1. The double entry for a cheque returned by a bank to a customer marked “refer to drawer” is debit
A. bank, credit debtor.
B. bank, credit bad debt expenses.
C. bad debt expenses, credit bank.
D. debtor, credit bank.

2. Which of the following is a characteristic of joint venture?
A. The activities are of short term duration.
B. Individual maintains separate account.
C. There is perpetual succession.
D. There is limitation to membership

3. The person who retains ownership of goods on consignment is
A. commission agent.
B. del-credere agent.
C. consignor.
D. consignee.

4. The computer program instructions are read into the
A. output unit.
B. input unit
C. storage unit.
D. central processing unit.

5. In Contract Accounts, retention money refers to the
A. amount due to the contractor but held back by the customer.
B. progressive payments made by the customer to the contractor.
C. contractor’s profit on the contract.
D. amount overpaid by the customer to the contractors.

PAPER 2 (ESSAY)

1. (a) Distinguish between reserves and provisions
(b) Explain the following giving one example in each case:
(i) Depreciation;
(ii) Depletion;
(iii) Amortization.

2. (a) What is value added tax?
(b) Distinguish between input vat and output vat.
(c) State four features of Value Added Tax.

3. Explain the following terms as they are used in contract accounts:
(a) Notional profit;
(b) Retention money;
(c) Progress payments;
(d) Work certified;
(e) Work-in-progress.

If you need us to help you with more updated information at the right time about WAEC Financial Accounting Questions 2019, kindly provide us your phone number and email Address in the comment box below. Also feel free to ask any question pertaining to this guide.

What’s your take on this? We believe this article was interesting right, if yes, don’t hesitate using our share button below to inform – friends and relation via Facebook, twitter or Google+.

CSN Team

Join Over 500,000+ Readers Online Now!

Subscribe NOW to Latest GIST from CSN PORTAL in Your EMAIL ADDRESS

Copyright Warning: Contents on this website may not be republished, reproduced, redistributed either in whole or in part without due permission or acknowledgement. All contents are protected by DMCA.
The content on this site is posted with good intentions. If you own this content & believe your copyright was violated or infringed, make sure you contact us at [[email protected]] to file a complaint and actions will be taken immediately.

Tags: , , , , , , , , , , , , , , , ,

Comments (50)

Trackback URL | Comments RSS Feed

  1. Bim says:

    Pls help with financial accounting and biology. My number 07065721071.

  2. SUNDAY says:

    Please i need a complete question of this 2017 WAEC FINANCIAL ACCOUNTING PQ as soon as possible. 08029960751. Thanks.

  3. Adawasina Nathaniel says:

    Please I need 2017 wassce financial accounting making scheme

  4. Debby says:

    U guys re doing well but I need to know more

  5. Gabriel says:

    I need more f/acct questions nd answers

  6. malley says:

    09075426899

  7. Aderayo Mariam says:

    my number is 09031802657 pls my life depends on it

  8. ibiere says:

    GCE 2017 account question

  9. adewuyi temitope oluwakemi says:

    pls I need the all answer
    08181756600

  10. Esther says:

    07032546512

  11. pls help me in this websit

  12. jolaosho ezekiel rotimi says:

    pls i want to my result in english and accounting

  13. Ramzy says:

    account ans plz

  14. Angel says:

    May God give u your need 08072474231

  15. favour dammy says:

    08123635934
    plz help me

  16. Maxtob says:

    Tanx for your support

  17. lizzy says:

    07068593949

  18. james says:

    I need your help

  19. Ogunsuyi Babatunde says:

    Please can you forward me the obj on mobile 08145713376

  20. David says:

    Pls i nid answers now
    09021712771

  21. ridwan mojeed says:

    I need the answer 08179092868

  22. Olatomide says:

    I need d answer fast my WhatsApp number is 08175633097

  23. Sireed Ojonugwa says:

    Hello thanks for your assistance please I need accounting thank you!
    08100331643

  24. philips says:

    I need questions & answers

  25. lamin sanneh says:

    Email: [email protected]
    phone number: +2203474005

  26. KINGPROSPER says:

    PLZ I NEED ACCOUNT WAEC 2017 ANSWER &QUESTION MY PHON NO 08145787395

  27. sammy says:

    08151831132. account answer as early as possible

  28. Smart says:

    I need fin acct 2017 questions & answer thanks

  29. sholay says:

    08103707035

  30. Michael says:

    my number is 07066185852 and I need more of account 2017 waec answers or questions

  31. Richard says:

    Guyz abeg i need u help on financial account God bless as u do so

  32. Tinny says:

    09072883339

  33. Olajide says:

    +2349057424467 please I need ur help on Financial Accounting tomorrow by 7a.m.And also u are great God bless you.

  34. ajayi says:

    I need complete answer pls

  35. sammy says:

    pls I need complete account question

  36. sammy says:

    you guys are trying

  37. Horlly says:

    pls post the question finish

  38. Horlly says:

    09022453967

  39. olaitan says:

    thanks

  40. obinna says:

    i need ur help in account on april 19 2017 by 7:oo am

  41. olalekan says:

    gud work

  42. waec account expo says:

    nice one

  43. Gladys says:

    U guys are doin great…but I need more feed on f/accounting

  44. BabaB says:

    Complete answers please

  45. kappo says:

    Need ur help on account

  46. Adekunle says:

    Kudos , You guys aré doing great job.God bless

  47. Mustapha Kolawole says:

    08189138276

  48. Ayodele says:

    I nid d answer fast

    JulY

  49. Monday says:

    distinguish between input wat and output wat