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

WAEC expo 2020 on Financial Accounting and waec Financial Accounting questions and answers

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.

On this page, you will get waec Financial Accounting 2020, Financial Accounting waec questions and answers, 2020 waec question on Financial Accounting, waec gce 2020 Financial Accounting questions answers, waec Financial Accounting 2020 essay questions and answers, waec Financial Accounting OBJ questions and answers, waec Financial Accounting essay and test of oral questions and answers e.t.c. So, keep reading.

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.

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

1. An unfavourable balance of trade for a country means that her?
  • A. exports exceed imports
  • B. visible exports exceed invisible import
  • C. invisible exports exceed visible exports
  • D. imports and exports are equal
2. A chain store is known as?
  • A. department store
  • B. multiple store
  • C. supermarket
  • D. hypermarket
3. The source document used to make entries in the purchase day book is
  • A. debt note
  • B. credit note
  • C. invoice
  • D. receipt
4. A book that contains individual accounts of suppliers is the
  • A. purchase ledger
  • B. general ledger
  • C. nominal ledger
  • D. sales ledger
5. An example of a credit entry in a profit and loss account is
  • 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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