Live WAEC Bookkeeping Questions and Answers to Essay and Objectives 2023/2024 Welcome, You are on the page where Book keeping likely examination Expo/runs are provided. Bookkeeping WAEC Questions and Answers tips are provided hereunder.
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WAEC 2023 Book keeping Questions and Answers to Essay and Objectives PDF
The West African Examination Council is an examination body that set questions yearly from areas student should, after their studies in the senior secondary school, be able to write and pass without stress.
Below are the Sample WAEC Bookkeeping Questions and Answers 2023
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.
3. Which of the following is not a trial balance item?
A. Opening stock
B. Closing stock
D. Discounts received
4. The excess of expenditure over income in an income and expenditure account is
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
16 exercise book at N
January 12. Purchased on credit from Ucha
15 shoes at N
16 shirts at N
Less 5% discount
Book Keeping Expo/Runs for WAEC 2023
The likely expo for bookkeeping WAEC exam will be out here once released.
Prepare very well
Preparation is the key to success. Without your preparation for the forthcoming Bookkeeping exams, you can not know the correct answers to the questions presented before you. Read for your exams
Buy Recommended textbooks
The West African Examination Council has outlined some recommended text that will be very useful to you in the course of preparing for the exams. the recommended textbooks are there to help you because the pattern of questions set is likely to be the same as that of the recommended texts. Hence the use of the WAEC recommended texts is the key to success
No one owns yourself, you are the owner, try and coordinate yourself during the exams because nothing in the exams hall is new. I tell you, with self-confidence, you will conquer.
2. Pray to God concerning your exams
The Almighty God is your Creator, he cannot hide his face from you if you seek his face. Pray to God for through Him everything is possible in your WAEC Bookkeeping day.
3. Go to the Bookkeeping exams venue early
Punctuality is another factor that determines success in exams. You have all days to prepare before your WAEC Catering Craft Practice exams commence. Do not claim to be busy while you suppose to be in the exam venue. Go earlier and settle before the exams start.
4. Follow strictly the instruction on the Bookkeeping exam paper
Many candidates overlook the instructions given in the exams hall. They think the instructions are not important. this is not good, adhere to the instructions and you will come out the best in your WAEC Bookkeeping exams.
5. Use WAEC syllabus
The WAEC syllabus covers everything you need to know before the examination day. To pass WAEC Bookkeeping very well you need to make use of the recommended syllabus. Make Bookkeeping WAEC Syllabus your friend and the exams will appear very easy.
How to Practice WAEC Exams Past Questions for Free.
The West African Examination Council (WAEC) recently launched a portal called WAEC e-learning to curb the number of failures in the WAEC May/June SSCE by creating a portal that contains the resources for all WAEC approved subjects that will students understand the standards required for success in respective examinations.
WAEC e-learning contains past questions and solutions of all subjects.
WAEC e-learning portal is accessible from http://waeconline.org.ng/e-learning/index.htm.
At this juncture, I hope the steps above are very useful for students who are really in need of the WAEC Bookkeeping Questions and Answers. Please share this guide to your friends