Refresh this page in every 5 minutes starting from 3 hours to the exam.This is actually the NECO GCE 2018. FINANCIAL ACCOUNTING ANSWERSAnswers as questions sent to our subscribers on WHATSAPP, if you are looking for 2020 WAEC/NECO Answers midnight before the exam, try contacting us.
The three column cash book
has three money columns on both debit and credit side â€“ one on each side for recording discount, cash and bank amounts. If a business keeps a bank account and receipts and payments are frequently made through bank account than it is useful to maintain a three column cash book rather than a single or a double column cash book .
Nominal Capital is the maximum amount of share
capital that the company allowed to issue as a
registered capital when the company is incorporated.
sales volume net of all discounts and sales taxes or the amount of money taken by a business in a particular period.
the cost of making a product or providing a service, before deducting overheads, payroll, taxation, and interest payments.
is a measure of the profitability of a venture after accounting for all costs and taxes. It is the actual profit, and includes the operating expenses that are excluded from gross profit
A control account, often called a
controlling account, is a general ledger
account that summarizes and combines all
of the subsidiary accounts for a specific
-Sales ledger control account/total
debtors control account
-Purchases ledger control account/total
creditors control account
(i)Sales ledger control account or total debtors control account
Purchases ledger control account or total creditors control account
In Tabular form
(i)Preference share have no voting right WHILE Ordinary share have voting right
(ii)Preference share have fixed rates of interest WHILE ordinary shares have no fixed rate of dividend
(iii)In preference share,Holders receive dividends before others WHILE In ordinary share Holders receive dividends last,after others have been paid
Capital also known as net assets or equity refers to what is left to the owners after all liabilities are settled. Simply stated, capital is equal to total assets minus total liabilities.
(i)Issued capital:-This represent the part of the authorised capital given out to member of the public for subscription. It is after the issued capital is fully subscribed that it can now be referred to as subscribed capital
(ii)Reserved capital:-This represents the portion of the capital not called up,which the directors have assumed to be incapable of being called up any time. The uncalled up capital is a liability to the company and is set aside for future expansion
(iii)Authorised capital:-This is also called nominal or registered capital. this is the highest amount of capital stipulated in the memorandum of association considered as enough to set up and run a company
Currently, WAEC scratch card is N700 (seven hundred naira). This price has been officially confirmed by the West African Examination Council (WAEC) on social media. According to WAEC, ?the cost of electronic pin/voucher (Now scratch card) for checking results is 700 Naira only?.
How to Apply for the 2020 WAEC GCE. Candidates arc expected to pay a registration fee of Thirteen Thousand, Nine Hundred and Fifty Naira (N13,950) only, at branches of any of the following banks or any accredited agent and obtain the Registration PIN and Information VCD: Access Bank Plc.
Yes, you can use NECO (be it NECO June/July or Nov/Dec) to gain admission into any university of your choice. Generally, all higher institutions accept NECO just like WAEC, GCE and NABTEB. You can as well combine your NECO with another NECO or any other exams type to gain admission.
Passing NECO is not difficult, the problem is that many candidates use the wrong method to prepare for NECO and NECO GCE.
There isn't a GED equivalent, as the UK does not have a standard school-leaving test or qualification. High school students can take a number of different "A-levels", "International Baccalaureate", "Scottish Highers", "National Vocational Qualifications", etc.
National Examinations Council, otherwise known as NECO, is a national examination body established by the Nigerian government to conduct examinations. Unlike WAEC, NECO is a national examination body vested with the responsibility to oversee specified exams only in Nigeria.
Private Candidates are now required to apply for their certificates online. The certificates will be dispatched to the WAEC Office of their choice for collection. Candidates are also informed that the certificates for private candidates will be printed only on request and should be collected within 48 hours.
See Answer. Can i Use my NABTEB Result to study at any University or Institution Abroad? ... The Results offered after participating in NABTEB Examination is called NABTEB RESULT and it can be used to gain admission into Universities, Polytechnics or Colleges of Education.
Candidates are required to enter and sit for a minimum of eight (8) and a maximum of nine (9) subjects. (iv) At least one of Physics, Chemistry and Biology. (v) At least one of Literature-in-English, History and Geography.
We released SSCE results in 43 days ? NECO. The National Examinations Council has said it released the last Senior Secondary Certificate Examination results in 43 days.