WAEC SSCE 2016 EXPO: Monday 25th April 2016
BOOK KEEPING PAPER III&II (OBJ & ESSAY) 9:30AM – 12:20PM
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we will send the Obj & Essay directly to your submitted phone numbers 9hours before the exam day
Note that for those who can't afford to pay you are advice to go for the free packages, Answers are pasted here 10 minutes after the exam begins,
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Book keeping questions
A) what is final account? B) differentiate between : I) cash discount and trade discount; ii) discount allowed and discount received
1a)Final accounts give a concise idea about the profitability and financial position of a business to its management, owners, and other interested parties. All business transactions are first recorded in a journal. They are then transferred to a ledger and balanced. These final tallies are prepared for a specific period. The preparation of a final accounting is the last stage of the accounting cycle.
1bi)
1.Trade discount is given on the catalog price of the goods, while the cash discount is given on the invoice price.
2.Trade discount is granted with the aim of increasing the sales in bulk quantity, whereas Cash discount is granted to facilitate a quick payment.
3.Trade discount is allowed to all customers, while the Cash discount is allowed to those customers, who purchase goods in cash.
4.In case of Trade Discount, no entry is made in the books of accounts, while the proper entry is made in the books of accounts for the cash discount.
5.Trade discount is allowed at the time of purchase, while the cash discount is allowed at the time when the payment is done.
Administrator NaijaComms.com
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BOOK KEEPING PAPER III&II (OBJ & ESSAY) 9:30AM – 12:20PM
At Naijacomms.com
Keep refleshing this page for the answers to appear
Content (protected)
This is for paid package
How to subscribe
Direct Mobile: N400 MTN CARD.
Or Pay a one-time fees of N1200 for all subjects To Our bank Account below
Forward Your Name, MTN PIN, Subject Name, Phone number to: 07061837436
we will send the Obj & Essay directly to your submitted phone numbers 9hours before the exam day
Note that for those who can't afford to pay you are advice to go for the free packages, Answers are pasted here 10 minutes after the exam begins,
For content: BOOK KEEPING PAPER III&II
Questions & Answers to appear, you have to share this page to 10 friends on WhatsApp, using the WhatsApp button below this post, and share to Facebook just once using the Facebook button below this post. After doing this the BOOK KEEPING PAPER III&II Questions & Answers would automatically appear.
Book keeping questions
A) what is final account? B) differentiate between : I) cash discount and trade discount; ii) discount allowed and discount received
1a)Final accounts give a concise idea about the profitability and financial position of a business to its management, owners, and other interested parties. All business transactions are first recorded in a journal. They are then transferred to a ledger and balanced. These final tallies are prepared for a specific period. The preparation of a final accounting is the last stage of the accounting cycle.
1bi)
1.Trade discount is given on the catalog price of the goods, while the cash discount is given on the invoice price.
2.Trade discount is granted with the aim of increasing the sales in bulk quantity, whereas Cash discount is granted to facilitate a quick payment.
3.Trade discount is allowed to all customers, while the Cash discount is allowed to those customers, who purchase goods in cash.
4.In case of Trade Discount, no entry is made in the books of accounts, while the proper entry is made in the books of accounts for the cash discount.
5.Trade discount is allowed at the time of purchase, while the cash discount is allowed at the time when the payment is done.
Administrator NaijaComms.com
Smart tags: Complete 2016 WAEC SSCE expo questions and answers, free 2016 WAEC expo run runz for CIVIC EDUCATION (OBJ & ESSAY PHYSICS PRACTICALLITERATURE IN ENGLISH (OBJ ) LITERATURE IN ENGLISH (PROSE ) GEOGRAPHY (OBJ & ESSAY )PHYSICS (OBJ & ESSAY) GEOGRAPHY 3 ( PRACTICAL and PHYSICAL GEOGRAPHY )CHEMISTRY PRACTICALGOVERNMENT (OBJ & ESSAY )ENGLISH LANGUAGE (ESSAY)ENGLISH LANGUAGE (OBJ) ENGLISH LANGUAGE (TEST OF ORAL )CHRISTIAN RELIGIOUS STUDIES ( OBJ & ESSAY) 9ISLAMIC STUDIES ( OBJ & ESSAY ) CHEMISTRY(OBJ & ESSAY)FINACIAL ACCOUNTING ( OBJ & ESSAY) BIOLOGY (OBJ & ESSAY )AGRIC PRACTICAL GENERAL MATHEMATICS (ESSAY) MATHEMATICS (OBJ) ECONOMIES (OBJ & ESSAY) BOOK KEEPING PAPER III&II (OBJ & ESSAY) BIOLOGY PRATICALLITERATURE IN ENGLISH (DRAMA& POETRY) OFFICE PRACTICE ( EASSY & OBJ ) AGRICULTURAL SCIENCE ( OBJ & ESSAY ) COMMERCE (OBJ & ESSAY)MARKETING FURTHER MATHEMATICS ( ESSAY ) ( OBJ )
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Correct Real Waec 2016 BOOK KEEPING PAPER III&II OBJECTIVES & ESSAY Prose And Objective
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