WAEC Accounting Questions and Answers: Here is a list of previous exam questions on financial accounting to help you prepare for the West African Senior School Certificate Examination (WASSCE), which is open to applicants for both the School and GCE.
The value of utilizing previous exam papers for preparing for the West African Senior School Certificate Examination (WASSCE) cannot be overstated, regardless of whether you are in your last stage of secondary school education (May/June) or not in the school system (GCE).
You can assess your knowledge by using previous exam papers as a part of your preparation. In the same vein, you learn what you don’t know or don’t know well enough.
WAEC Accounting Questions and Answers
The West African Examination Council is an examination body that set questions yearly from areas students should, after their studies in senior secondary school, be able to write and pass without stress.
Below are WAEC Accounting Practice Questions and Answers 2023/2024
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)
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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)
How to Pass WAEC Financial Accounting Examination
Below are some tips to enable you to pass your financing accounting exams with ease, read carefully and put it into action:
1. Avoid Bad Friends
Avoid bad companies if you’re actually interested in passing WAEC Accounting. They will try to discourage you and get you involved in things that won’t help you succeed. Keep in mind that their perspective might not be the same as yours.
2. Set your Target and Plans
The next step you should take if you are determined to pass the WAEC Financial Accounting exam is to create goals. Your desired WAEC grades should be listed. Start making plans now if you want to get only As, no Fs, and no Es.
Make sure you build up a schedule and a general plan to accomplish your objectives. To dream requires nothing, but to focus on your dream requires everything.
3. Get WAEC Accounting Recommended Textbooks
Purchasing the WAEC Financial Accounting suggested texts should be one of your plans. The West African Examination Council typically suggests literature for the test.
However, other than the WAEC literature in English, where a few novels are required reading, you are free to utilize any reputable textbook to study for the WAEC Accounting exam.
Some subjects are more challenging to comprehend. If there is a subject you are having trouble understanding, pick a different textbook that will help you understand it.
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4. Get WAEC Accounting Past Question
This strategy is excellent. Obtaining a prior question will help you succeed in your exams since it will provide you with insight into the types of questions that will be asked. Don’t utilize just one last question, however; use several.
If you’re not sure how to download WAEC’s old questions. They are available at many reputable bookshops. The school where you registered might offer to provide you with some recent past questions that will aid you in the WAEC.
5. Start Preparing for WAEC Accounting:
Don’t waste any more time. After receiving your textbooks and practice exams, the next step is to start reading. Reading and practicing early on will benefit you; you’ll do well on the WAEC.
