WAEC Accounting Questions And Answers 2020 To Expect

WAEC Expo 2020/2021 On Financial Accounting – Get WAEC Financial Accounting Questions And Answers 2020 | Theory, OBJ & Test Of Oral

This article will show you the real Financial Accounting expo you need to pass WAEC Financial Accounting in 2020. I am going to show you the most repeated questions and answers you need.

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A lot of prospective candidates have been asking questions like, “how can I get WAEC expo in 2020 and receive Financial Accounting questions and answers before my exam?.

I am going to show you the truth behind the whole WAEC expo story in this article. No time to waste, let’s get started.

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WAEC Expo On Financial Accounting 2020/2021 – How To Get Questions And Answers

1. The first thing you need to know is that you can totally pass WAEC examination without expo/runs. What you need is to work hard and study the right way. In fact, WAEC is not hard at all.

2. Here, we do NOT advertise WAEC expo to candidates and we will NEVER ask you to pay for WAEC expo for any reason.

3. I REPEAT, we do not engage in examination malpractice here and we will never ask you for money to get WAEC questions and answers in 2020.

4. Most people that promise to give you WAEC questions and answers for a fee are scammers. They are after your money.

5. If you get WAEC expo to pass in 2020, you will NEVER find expo for JAMB and Post UTME.

NOTE: You will get everything you need to pass your WAEC in 2020 here on this page, so keep reading.

Topics Where WAEC Financial Accounting Questions 2020 Will Come Out From

1. Introduction to Financial Accounting
2. The Accounting Equation and Double Entry Principles
3. Accounting Concepts
4. The Final Accounts of a Sole Trader/proprietorship
5. Provisions and Reserves
6. Manufacturing Accounts
7. Control Accounts and Self balancing Ledgers
8. Single Entry and Incomplete Records
9. Accounts of Not-for-Profit Making Organizations
10. Partnership Accounts
11. Company Accounts
12. Accounting for Value Added Tax
13. Public Sector Accounting

Likely Questions In WAEC Financial Accounting 2020/2021

• A. department store
• B. multiple store
• C. supermarket
• D. hypermarket

• A. debt note
• B. credit note
• C. invoice
• D. receipt

• A. purchase ledger
• B. general ledger
• C. nominal ledger
• D. sales ledger

• A. carriage inwards
• B. carriage outwards
• C. discounts allowed
• D. discounts received

If you can study your textbooks very well, use the WAEC syllabus and cover all topics you need to, you will definitely SMASH WAEC 2020 ONCE AND FOR ALL.

WAEC Financial Accounting Examination Scheme

There will be two papers – Paper 1 and Paper 2, both of which will constitute a composite paper to be
taken at one sitting.

PAPER 1: Will comprise fifty multiple choice questions to be taken in 1 hour for 50 marks.

PAPER 2: Will be made up of two sections: Sections A and B and will last 2½ hours.

• Section A: Will contain five essay questions on theory of financial accounting. Candidates will
  be required to answer two out of the four questions for 15 marks each.
• Section B: Will contain five essay questions on financial accounting practice. Candidates will be required
  to answer three out of the questions for 15 marks each.

Recommended Textbooks For WAEC Financial Accounting 2020

• Business Accounting volume 1 – West African Edition by Frank Wood and Omunya.
• Business Accounting Volume 2 – Frank Wood.
• Accounting and Finance – Frank Wood.
• Foundation Accounting – A. H. Millchamp.
• Basic Accounting – J. D. Magee.
• Accounting for Senior Secondary School – S. C. Malhorta, P. K. Botchweyand, P. A. Amankwah.
• Accounting in Business – R. J. Bull.
• Company Accounts – J. N. Amorin.
• Principles of Accounting – K. B. Appiah Mensah
• Incorporated private Partnership Act 1962, Act 152.

WAEC 2020 Examination Instructions

1. Do not open your question paper until you are told to do so
2. USE HB pencil throughout in the OBJ Section
3. You are free to use Biro in the theory part
4. You are allowed to use calculator to solve
5. Make sure that you fill your name, Subject, paper, paper code and other examination details where necessary.
6. Ensure that the texts in your question papers are boldly printed
7. Behave yourself.
8. You must not be caught with any form of expo

WAEC 2020 Subjects To Pass

1. Mathematics
2. Financial Accounting
3. Agricultural science
4. Animal Husbandry
5. Biology
6. Book keeping
7. Chemistry
8. Christian Religious Studies (CRS)
9. Civic Education
10. Commerce
11. Computer Studies
12. Data Processing
13. English language
14. Economics
15. Financial Accounting
16. Fisheries
17. Further Financial Accounting
18. Financial Accounting
19. Government
20. History
21. Islamic Religious Studies (IRS)
22. Literature in Financial Accounting
23. Marketing
24. Physics
25. Yoruba

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