Free NECO Financial Accounting Questions and Answers 2023/2024 Objectives/Essay PDF. Download likely Accounting Expo runs and scores A1 in your SSCE exams with Randomly repeated Financial Accounting NECO Questions and Answers.
This article will show you how to answer NECO Financial Accounting Questions paper1 & 2 (OBJ & Theory) and make good use of the Financial Accounting Past Questions and Answers for NECO to know how the exam questions are normally asked.
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NECO Financial Accounting 2023 Objectives Questions and Answers PDF
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The only Questions are Financial Accounting past questions and Sample Questions and answers.
1. The officer responsible for ascertaining whether all public expenditures and appropriations are in time with the approved guideline is the
A. Creditor
B. Cashier
C. Auditor General
D. Bursar
ANSWER: C (Auditor General)
2. The cash basis of accounting requires the recognition of revenue only when they are
A. sent Out
B. documented
C. lost
D received
ANSWER: D (Received)
3. Responsibility accounting is particularly concerned with
A. variable cost
B. fixed cost
C. controllable costs
D. uncontrollable costs
ANSWER: C (Controllable costs)
4. Earnings per share is a measure of
A. loss
B. profit
C. income
D. expenditure
ANSWER: B (Profitability)
- SEE ALSO, NECO GCE Mathematics Answers
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2023 NECO Financial Accounting Essay Answers to Questions
Below are NECO Accounting Past Questions and Answers that may be repeated.
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Financial Accounting Expo/ Runs 2023 for NECO SSCE
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How to Pass 2023 Accounting NECO Questions
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