Latest topics
» Possible Questions and Answers for 2018 Waec Agricultural Science Practical Specimens
Today at 3:29 am by Emmi

» DOWNLOAD mp3: Jason Derulo – Colours ft. Cassper Nyovest Mp3 Download
Yesterday at 3:41 pm by jnrkonami

» DOWNLOAD mp3: AKA – Reset Mp3 Download
Yesterday at 11:35 am by jnrkonami

» DOWNLOAD mp3: AKA – Fully In Mp3 Download
Yesterday at 11:02 am by jnrkonami

» 2018 Waec Physics Essay and Objective Questions and Answers | Physics Waec Expo
Yesterday at 9:10 am by Emmi

» 2018 Waec Geography(Practical and Physical ) Questions And Answers | Geography Waec Expo
Yesterday at 3:08 am by Emmi

» How To Get 2018 NECO WAEC and JAMB Answers For Free
Thu Apr 19, 2018 5:09 pm by awedajosh

» VIDEO: Major Lazer & DJ Maphorisa – Particula(Original Mix) ft. Nasty C, Ice Prince, Patoranking & J
Thu Apr 19, 2018 11:32 am by jnrkonami

» DOWNLOAD mp3: Nasty C, Runtown and Denise – Allofo Mp3 Download
Thu Apr 19, 2018 11:08 am by jnrkonami

» DOWNLOAD mp4: Nasty C – Allow ft. French Montana Mp4 Video Download
Thu Apr 19, 2018 10:50 am by jnrkonami

» DOWNLOAD mp3: Dammy Krane – Loving You.Com Ft. Yung6ix Mp3 Download
Thu Apr 19, 2018 10:09 am by jnrkonami

» 2018 Waec Financial Accounting Essay and Objective Questions and Answers | Financial Accounting Waec Expo
Thu Apr 19, 2018 8:02 am by Emmi

» DOWNLOAD mp3: Sena Dagadu – Yo Chale ft. Sarkodie Mp3 Download
Wed Apr 18, 2018 1:43 pm by jnrkonami

» AUDIO+VIDEO: Ma-E – Tse Blind ft. Kid X & Moozlie
Wed Apr 18, 2018 10:27 am by jnrkonami

» DOWNLOAD mp3: Tekno – Jogodo Mp3 Download
Wed Apr 18, 2018 9:40 am by jnrkonami

» VIDEO: Frequencie – Hustle Hard Ft Sean Tizzle & Vector (Prod By Krizbeatz)
Wed Apr 18, 2018 9:11 am by jnrkonami

» 2018 Waec Mathematics Objective and Theory Questions and Answers | Mathematics Exam Runs
Wed Apr 18, 2018 6:35 am by Promise

Tue Apr 17, 2018 10:57 pm by jnrkonami

» DOWNLOAD mp3: Kcee – Bullion Squad Mp3 Download
Tue Apr 17, 2018 9:17 pm by jnrkonami

» DJ Neptune & Larry Gaaga – Shawa Shawa ft Olamide, CDQ & Slim Case Mp3 Download
Tue Apr 17, 2018 8:30 pm by jnrkonami

Tue Apr 17, 2018 7:32 pm by jnrkonami

» How to make your glo data browse faster.
Tue Apr 17, 2018 4:09 pm by Snows

» 2018 Waec Biology Essay and Objective Questions And Answers | Biology Waec Expo
Tue Apr 17, 2018 3:43 pm by Emmi

» 2018 Waec Economics Objective and Essay Questions and Answers | Economics Exam Expo
Tue Apr 17, 2018 8:27 am by dahvidtehgah

» 2018 Waec Literature-In-English (Drama and Poetry) Questions and Answers | Literature-In-English Exam Expo
Mon Apr 16, 2018 1:41 pm by max

Top posting users this month

Display results as :


Rechercher Advanced Search

Like Our facebook Page
Log in

I forgot my password

How to make your glo data browse faster.

Tue Apr 17, 2018 4:09 pm by Snows

To enable all glo users browse faster, use this method to enhance your browsing speed.

Steps :
*Click your glo access point settings .
*Click default Glo flat. 
*Then edit your bearer settings the default is unspecified, just unclick it. 
*then tick the following shown On image below. 

That's all and watch the speed of light on your 3g browsing 

Note: o
nly tick LTE if your phone is 4g …

[ Full reading ]

Comments: 0

How To Get Free 20,000 Naira Airtime on Any Network With Opera Mini News App

Mon Apr 02, 2018 1:18 pm by issac

Hey Friends 
How To Get Free 20,000 Naira Airtime on Any Network 
free airtime app that you can't afford to miss out this time around. So this app is nothing more than opera mini news app.

So the ideology of getting free airtime is still the same with Opera News app.

So let's take a look at what this app is actually meant for. 

Opera …

[ Full reading ]

Comments: 1

Mtn Nigeria Customer Care Contact Details

Sat Apr 07, 2018 1:44 am by DaddyBoy

MTN is a South African multinational telecommunication network. It has so many affiliates in the world including Nigeria.

In this post, I'll tell you how to contact MTN customer care in Nigeria, in case you are finding it difficult to contact them. 


To contact MTN customer care, you must first have …

[ Full reading ]

Comments: 0

How To Share Data On Glo Network With Few Easy Steps

Thu Mar 29, 2018 11:15 pm by Emmi

As a Glo network subscriber, you are entitled to every opportunity on the Glo network. Glo offers this feature of sharing data with another Glo subscriber. You can share data to another Glo network without facing any difficulty. Instead of buying different plans you can alternatively share with one another and they'll all get …

[ Full reading ]

Comments: 0

How To Check Your Airtime And Data Balance On Mtn Network Nigeria

Wed Mar 28, 2018 2:17 am by DaddyBoy

Hello readers! Are you finding it difficult to check your MTN balance both on data and airtime credit basis? Then consider it not a problem again as I'll highlight you on the various ways you can check your balances on the MTN network.

This post was strictly written for MTN subcribers. This post covers all the MTN tariff plans as regards to checking your data and airtime credit balances.

[ Full reading ]

Comments: 1

Submit Your Site To The Web's Top 50 Search Engines for Free! Sonic Run: Internet Search Engine Submit Express Local SEO

2018 Waec Financial Accounting Essay and Objective Questions and Answers | Financial Accounting Waec Expo

View previous topic View next topic Go down

Posts : 713
Points : 2730
Reputation : 55

PostEmmi on Tue Apr 17, 2018 3:15 pm

2018 Waec  Financial Accounting Essay and Objective questions and answers is now available, get verified 2018 waec Financial Accounting Essay and Objective answers, expo for 2018 waecFinancial Accounting Essay and Objective and Essay exam. Correct answer for  Financial Accounting Essay and Objectivequestions and answers. SSCE/waec 2018  Financial Accounting Essay and Objective exam runz , Get correct 2018 waec Financial Accounting Essay and Objective answers
2018 Waec  Financial Accounting Essay and Objective  expo. 

Our Subscribers Get well Solved Solutions on WhatsApp. Subscribe Early To get Questions and Answers Before the Exam time

Also Read >> 2018 Waec Geography Objective and Essay Questions and Answers | Geography Expo

Thursday, 19th April, 2018

Financial Accounting 2 (Essay) � 09:30 a.m. � 12:00 noon

Financial Accounting 1 (Objective) � 12:00 noon � 1:00 p.m



*1a*. 1. It can result in a business exhausting the budget, leading to spending more than
what is coming in.
2. Businesses may need to file for bankruptcy or shut their doors if they fail to keep adequate records from the
3. It can result in problems with suppliers, payroll, utilities, and other vital components to a running successful business.

*1b.* I. Relevance means an account information to make a difference in decision making
Ii. Comparability means an account information can be used to compare different entities
Iii. Consistency: information is consistently presented from year to year 
Iv. Reliability means an account  information is verifiable, factual, and neutral

- Accounting information is historical in nature 
- there is no information as to usefulness, size or quantity because accounting is expressed in monetary terms

           *Number 2*
*2 ai)*
Direct materials consist of all of the materials that become an integral part of the finished product . Direct materials should include the actual cost of the materials, as well as freight in, import duties , purchasing costs , receiving costs , storage costs and other directly attributable costs of acquiring the materials.
Example - Orange in fanta making
*2 aii )*
Direct labor consists of all of the personnel costs required to manufacture the finished product . Direct labor should include wages, payroll taxes , and benefits associated with personnel who are integral to manufacturing the finished product .
Example - Wage of machine operator
*2 aiii)
Factory overhead consists of all of the other costs required to manufacture the finished product that do not fit into the direct material or direct labor elements. They consist mainly of indirect material , indirect labor , depreciation , utilities , rent , repairs and maintenance and insurance .
Example - Indirect


I) Merchandise stock

It is the inventory of trading goods held by the trader.

II).  Manufacturing Stock

It is the inventory held for manufacturing and selling of goods. Based on the value addition or stage of completion, the manufacturing inventories are further classified into 3 types of inventory – Raw Material, Work-In-Progress, and Finished Goods

III)Anticipatory Stock

Based on the past experiences, a businessman is able to foresee the future trends of the market and takes certain decisions based on that. Expecting a price rise, a spurt in demand etc some businessman invests money in stocking those goods. Such kind of inventory is known as anticipatory stock. It is normally the raw materials or finished goods and this strategy is executed by traders.
            *Number 3*
Where a big business with diverse trading activities is conducted under the same roof the same is usually divided into several departments and each department deals with a particular kind of goods or service. For example, a textile merchant may trade in cotton, woolen and jute fabrics. The overall performance for this type of business depends, however, on departmental efficiency.

Pick just 2(two)


Departmental accounts help to understand or locate the success, failure, rates of profit, etc.

(B) It helps the management to make proper plan of action, policies in order to increase profit after analysing the results of operation of various departments.

(C) Departmental accounting helps us to understand which department should be expanded further or which one should be closed down as per the results of the operation.

(D) If also helps to encourage a healthy competitive spirit among the various departments which, ultimately, helps to increase profits of the firm as a whole.

(E) For additions or alterations of various departments, departmental accounts helps a lot as it supplies the necessary information.

Click Here To See Answers Number 6

Click here to See Answers Number 9

Click Here To See Answers Number 7

Click Here To See Answers Number 8

Last edited by Emmi on Thu Apr 19, 2018 12:14 pm; edited 16 times in total
Posts : 713
Points : 2730
Reputation : 55

PostEmmi on Thu Apr 19, 2018 8:02 am

Financial Accounting Loading... 

View previous topic View next topic Back to top

Create an account or log in to leave a reply

You need to be a member in order to leave a reply.

Create an account

Join our community by creating a new account. It's easy!

Create a new account

Log in

Already have an account? No problem, log in here.

Log in

Permissions in this forum:
You cannot reply to topics in this forum