Categories: WAEC UPDATES

Waec Book Keeping questions 2020

Waec Book Keeping questions 2020

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.

NOTE that the main questions for book keeping and its answer will be dropping here on this site few minutes from now, you all are advised to keep in touch, join groupchats and telegram channel to stay updated.

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
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.

Daniel Sunday

I am an analyst, philanthropist and A Dentist by profession. I love surfing the web and providing great information for my readers. I am Editor At Myscholarshipbaze.com

Recent Posts

Nigerian Navy Shortlisted Candidates 2020

Nigerian Navy Shortlisted Candidates 2020 Welcome, here on this post, we will show you how…

14 hours ago

SUCCESSFUL CANDIDATES FOR THE NIGERIAN NAVY BASIC TRAINING

SUCCESSFUL CANDIDATES FOR THE NIGERIAN NAVY BASIC TRAINING Trainees of Batch 29A successfully completed their…

19 hours ago

InksNation Review | Scam alert

InksNation Review | Scam alert Inksnation is a platform where users are lured to register…

1 day ago

Jim Ovia Foundation Scholarship 2020

Jim Ovia Foundation Scholarship 2020 Welcome to the home of scholarships, we are glad go…

2 days ago

Benue State Government Scholarship 2020

Benue State Government Scholarship 2020 Welcome to the home of scholarships, we are glad go…

2 days ago

Nasarawa state university NSUK post utme 2020

Nasarawa state university NSUK post utme 2020 We are glad to inform you about the…

3 days ago