waec questions and answers

WAEC Accounting Questions And Answers 2024 | Theory & Objective

Consequent to the release of the 2024 May/June WAEC Timetable, candidates of the examination have been excited about seeing the expected questions and answers of the year. That is the reason why I have decided to publish this article for the benefit of the general public.

In this particular article, I have taken time compile all the WAEC Accounting Question and Answers 2024; both theory and objective. If you are a candidate of this examination, make sure that you do not leave this article until you have read to the end for your own benefit.

What you are likely going to see in the WAEC Accounting Questions and Answers 2024 are as shown below:

1. Sales ledger control account contains the total amount in respect of

  • A. creditors
  • B. debtors
  • C. investors
  • D. shareholders

2. Why are adjustments in the profit and loss account necessary?

  • A. To cover some expenses of the following year
  • B. To ascertain the actual expenses incurred and income earned during the year
  • C. To show the provision made during the year
  • D. To show the total expenses paid and income received during the year

3. Responsibility accounting is particularly concerned with

  • A. variable cost
  • B. fixed cost
  • C. controllable costs
  • D. uncontrollable costs

CORRECT ANSWER: C (Controllable costs)

4. Earnings per share is a measure of

  • A. loss
  • B. profit
  • C. income
  • D. expenditure

CORRECT ANSWER: B (Profitability)

If you are happy about the few objective questions that you have seen and you like to see more, ensure that you continue reading this article to the end.

Let’s continue!

WAEC Accounting Objective Questions And Answers 2024

The following are the Expected WAEC Accounting Objective Questions and their correct answers for the 2023 examination:

  1. Use of following information to answer questions 1 to 3
    D
Motor vehicle 500000
Stock  35000
Debtors 18000
Cash 12850
Bank overdraft 280000
Creditors  21500

The capital is

  • A. D 867,350
  • B. D 544,350
  • C. D 264,350
  • D. D 832,350
  • Correct Answer: Option C

2. The total current asset is

  • A. D 65,850
  • B. D 367,350
  • C. D 345,850
  • D. D 87,850
  • Correct Answer: Option A

3. The total current liability is

  • A. D 301,500
  • B. D 258,500
  • C. D 264,350
  • D. D 280,000
  • Correct Answer: Option A

4. One of the items on the credit column of a trial balance is

  • A. returns outwards
  • B. carriage outwards
  • C. returns inwards
  • D. carriage inwards
  • Correct Answer: Option A

5. The user of accounting information who is responsible for overall performance of the business is the

  • A. customer
  • B. employee
  • C. shareholder
  • D. director
  • Correct Answer: Option D

6. Use the following information to answer questions 6 and 7

A trader bought goods worth #16,000 and sold three-quarter of it for #20,000

The gross profit is

  • A. #4,000
  • B. #8,000
  • C. #12,000
  • D. #6,000
  • Correct Answer: Option A

7. The margin would be

  • A. 1/2
  • B. 1/5
  • C. 2/5
  • D. 2/3
  • Correct Answer: Option B

8. A unit of a company capital is?

  • A. debenture
  • B. stock
  • C. premium
  • D. share
  • Correct Answer: Option D

9. An increase in provision for doubtful debts would result in

  • A. decrease in net profit
  • B. increase in net profit
  • C. decrease in gross profit
  • D. increase in gross profit
  • Correct Answer: Option A

10. Resources owned and controlled by a business are classified as

  • A. assets
  • B. capital
  • C. liabilities
  • D. drawings
  • Correct Answer: Option A

11. Use the following information to answer questions 11 to 13

Bola a grocer, keep petty cash on imprest system, the float being GH⊄ 8,000. These transactions took place in January 2018.

  GH⊄
January 1Petty cash in hand1034
January 1Petty cash to restore float6966
January 6Bought note books656
January 7Paid wages1828
January 14Bought postage stamps750
January 16Paid to Biodun a creditor1072
January 18Paid wages1856
January 23Purchased envelopes874
January 28Purchased postage stamps420


Amount posted to the personal ledger was

  • A. GH⊄ 1,034
  • B. GH⊄ 1,072
  • C. GH⊄ 6,966
  • D. GH⊄ 3,684
  • Correct Answer: Option B

See Also:

WAEC Marketing Questions And Answers 2024 | Essay & Objectives

WAEC Commerce Questions and Answers 2024 | Essay & Objectives

12. Amount spent on stationery was

  • A. GH⊄ 1,170
  • B. GH⊄ 1,076
  • C. GH⊄ 1,530
  • D. GH⊄ 874
  • Correct Answer: Option C

13. Amount reimbursed at the end of the month was

  • A. GH⊄ 6,928
  • B. GH⊄ 6,966
  • C. GH⊄ 7,456
  • D. GH⊄ 8,000
  • Correct Answer: Option C

14. An item that would be classified as preliminary expenses in a company’s account is

  • A. formation expenses
  • B. administrative expenses
  • C. distribution expenses
  • D. general expenses
  • Correct Answer: Option A

15. Use the information to answer questions 15 to 16

YearsCurrent AssetsLiabilitiesFixed AssetsCapital
 ####
20185255078600127450X
20174165053220Y116780


The letter X represents

  • A. #78,600
  • B. #180,000
  • C. #101,400
  • D. #258,600
  • Correct Answer: Option C

16.
The letter Y represents

  • A. #170,000
  • B. #128,350
  • C. #94,870
  • D. #211,650
  • Correct Answer: Option B

17. Revenue expenditure of a local government includes purchase of

  • A. x-ray machine
  • B. incubators
  • C. drugs
  • D. theatre equipment
  • Correct Answer: Option C

18. The sales ledger contains accounts of

  • A. cash sales
  • B. trade debtors
  • C. credit sales
  • D. trade creditors
  • Correct Answer: Option B

19. Use the following information to answer questions 19 – 20

 $
Cash book balance (credit)750
Uncredited cheques500
Unpresented cheques1680
Direct credit300
Bank charges150
 


The adjusted cash book balance is

  • A. $ 600 Cr
  • B. $ 300 Cr
  • C. $ 900 Cr
  • D. $ 1,200 Cr
  • Correct Answer: Option B

20.
Balance as per bank statement is

  • A. $ 580 Cr.
  • B. $ 430 Dr.
  • C. $ 430 Cr.
  • D. $ 1,480 Cr.
  • Correct Answer: Option C

21. Provision for doubtful debts is made in conformity with

  • A. business entity concept
  • B. money measurement concept
  • C. prudence concept
  • D. materiality concept

22. The accounting concept which states that expenditure involving insignificant amounts should be regarded as expenses and not assets is

  • A. dual aspect concept
  • B. realization concept
  • C. materiality concept
  • D. business entity concept

23. Manufacturing account is prepared to ascertain

  • A. profit on goods produced
  • B. cost of goods produced
  • C. cost of goods sold
  • D. profit on goods sold

24. Adiza gave an instruction to her banker to pay a premium of Le 30,000 from her account to Union Rock Insurance on a quarterly basis for a policy. This instruction is an example of

  • A. bank charges
  • B. direct debit
  • C. standing order
  • D. credit transfer

25. Drawings made by a partner would be

  • A. credited to current account
  • B. credited to appropriation account
  • C. debited to appropriation account
  • D. debited to current account

26. The document prepared by the buyer and sent to the seller listing the items to be supplied is

  • A. purchase order
  • B. credit note
  • C. proforma invoice
  • D. sales order

27. Use the following information to answer questions 27 – 29

Teteh and Kukuma are in partnership with capital balances of #300,000 and #200,000 respectively. They agreed to share profit on the basis of their capital. The profit for the year is #150,000 and the interest on capital is 5%.

Teteh’s share of profit is

  • A. #60,000
  • B. #90,000
  • C. #75,000
  • D. #50,000

28.
Kukuma’s current account balance is

  • A. #50,000
  • B. #70,000
  • C. #90,000
  • D. #60,000

29.
Teteh’s share of interest on capital is

  • A. #15,000
  • B. #25,000
  • C. #10,000
  • D. #75,000

30. The maximum amount a company can raise through the issue of shares is

  • A. paid-up capital
  • B. authorized capital
  • C. reserve capital
  • D. loan capital

31. In the balance sheet of not-for-profit making organizations, subscription in arrears is shown under

  • A. long-term liabilites
  • B. current assets
  • C. current liabilities
  • D. fixed assets

32. The authority to incur expenditure to address natural disaster is contained in

  • A. contingency warrant
  • B. supplementary general warrant
  • C. reserved expenditure warrant
  • D. virement warrant

33. Books of accounts are opened by the use of

  • A. balance sheet
  • B. general ledger
  • C. general journal
  • D. trial balance

34. The principal book of account where accounts are classified and summarized is

  • A. balance sheet
  • B. ledger
  • C. trial balance
  • D. journal

35. Use the following information to answer questions 35 and 36

 Le
Raw materials: 
Stock (01/01/2017)822000
Stock (31/12/2017)560000
Purchases125000
Returns of raw materials15000

The cost of raw materials available for production is

  • A. Le 372,000
  • B. Le 932,000
  • C. Le 947,000
  • D. Le 402,000

36.
The cost of raw materials consumed is

  • A. Le 402,000
  • B. Le 947,000
  • C. Le 932,000
  • D. Le 372,000

37. An item that would be considered a first charge against profit in a company’s account is

  • A. ordinary dividend
  • B. preference dividend
  • C. capital reserve
  • D. general reserve

38. The entries for cash drawn from the bank by a proprietor for the private use is: debit

  • A. Bank Account; credit Cash Account
  • B. Cash Account; credit Bank Account
  • C. Cash Account; credit Drawings Account
  • D. Drawings Account; credit Bank Account

39. Use the following information to answer questions 39 to 41

Trading Account of Umeh Enterprises for the year ended 31st December 2019

 GH⊄ GH⊄
Opening stock10000Sales200000
Purchases120000Less:(4000)
 130000 196000
Closing stock(22800)  
Cost of goods sold—–  
Gross profit——  
 196000 196000


The cost of goods sold is

  • A. GH⊄ 152,800
  • B. GH⊄ 107,200
  • C. GH⊄ 43,200
  • D. GH⊄ 88,800

40. The gross profit is

  • A. GH⊄ 88,800
  • B. GH⊄ 43,200
  • C. GH⊄ 152,800
  • D. GH⊄ 107,200

41. The GH⊄ 4,000 on the credit side is

  • A. carriage outwards
  • B. carriage inwards
  • C. returns outwards
  • D. returns inwards

42. One of the items on the debit side of sales ledger control account is

  • A. bad debt
  • B. returns inwards
  • C. bills dishonored by debtors
  • D. bills accepted by debtors

43. Use the following information to answer questions 43 to 45

Kako Ltd bought a machine for D 1,200,000 on 1st January 2018. Depreciation was provided annually at a rate of 10% using the diminishing balance method. The machine was sold for D 880,000 on 31st December 2021.


The accumulated depreciation as at the date of disposal was

  • A. D 480,000
  • B. D 325,200
  • C. D 320,000
  • D. D 412,680

44. The net book value of the machine in the balance sheet as at 31st December 2020 was

  • A. D 874,800
  • B. D 972,000
  • C. D 1,080,000
  • D. D 787,320

45. The profit or loss on disposal of the machine was

  • A. D 280,000 profit
  • B. D 87,480 loss
  • C. D 320,000 loss
  • D. D 92,680 profit

46. Use the following information to answer 46 and 47

 GH⊄
Sales200000
Purchase170000
Opening stock40000
Closing stock50000


The gross profit percentage is

  • A. 10%
  • B. 20%
  • C. 25%
  • D. 15%

47. Stock turnover ratio is

  • A. 3.78 times
  • B. 3.56 times
  • C. 4 times
  • D. 3.2 times

48. A set of rules and procedures guiding the operations of a partnership is called partnership

  • A. code
  • B. business
  • C. seal
  • D. deed

49. Subscription in advance is treated in the balance sheet under

  • A. long-term liabilities
  • B. current liabilities
  • C. accumulated fund
  • D. current assets

50. Items shown in the balance sheet as asset includes

  • A. debit balance on drawings account
  • B. debit balance on a customer’s account
  • C. credit balance on the capital’s account
  • D. credit balance on a supplier’s account

WAEC English Questions And Answers 2024 | Objectives, Test Of Orals and Essay

WAEC Government Questions and Answers 2024 | Essay & Objective

WAEC French Questions And Answers 2024 | Theories And Objectives

WAEC Mathematics Questions And Answers 2024 | Theory And Objectives

WAEC Accounting Theory Questions 2024

1 a. Identify three books of account from which entries are made into control accounts

b. State two uses of control accounts

c i. List four items each which would be recorded on the debit side of:
-Purchases Ledger Control Account

c ii. List four items each which would be recorded on the debit side of:
– Sales Ledger Control Account

2

a. What is goodwill?

b. List four items of recurrent expenditure for a local government

c. Explain the three types of inventory in manufacturing account

3

a i. Explain the following terms:

Accumulated Fund

a ii. Explain the following terms:

Statement of Affairs

b. List five sources of income for a not-for-making organization

c. State three differences between Receipts and Payments Account and Income and Expenditure Account

4

a. List three accounts prepared by the head office for the branch

b. Explain two methods of accounting for goods sent to branch

c. State four reasons for preparing departmental accounts

5

a. The cash book of Dupe Enterprises showed an overdrawn balance of #216,126 and her bank statement also showed #905,625 overdrawn. On 31/12/2016, a detailed examination of the records showed the following differences:

(i) A cheque drawn for #697,550 had been entered in the cash book as #365,050.

(ii) A standing order of #420,000 and bank charges of #8,750 entered in the bank statement has not been recorded in the cash book.

(iii) Bank lodgment of #1,922,375 on 27th December 2016 has not been credited by the bank.

(iv) Dividend received of #315,000 had been recorded in the bank but not entered in the cash book.

(v) Cheques paid to suppliers totalling #1,165,500 has not been presented for payment.

(vi) A cheque for #700,000 received from Tunde was dishonoured by the banki but no entry had been made in the cash book.

(vii) A cheque of #256,813 received from a customer was entered as a payment in the cash book.

(viii) A cheque for #350,000 recorded in Dupe Enterprises cash book had been credited by the bank to Dudu Enterprises’ account.

(ix) An amount of #1,050,000 received from customer was paid directly to Dupe Enterprises account but no entry was made in the cash book.

You are required to prepare:


Dupe Enterprises Adjusted Cash Book

b. The cash book of Dupe Enterprises showed an overdrawn balance of #216,126 and her bank statement also showed #905,625 overdrawn. On 31/12/2016, a detailed examination of the records showed the following differences:

(i) A cheque drawn for #697,550 had been entered in the cash book as #365,050.

(ii) A standing order of #420,000 and bank charges of #8,750 entered in the bank statement has not been recorded in the cash book.

(iii) Bank lodgment of #1,922,375 on 27th December 2016 has not been credited by the bank.

(iv) Dividend received of #315,000 had been recorded in the bank but not entered in the cash book.

(v) Cheques paid to suppliers totalling #1,165,500 has not been presented for payment.

(vi) A cheque for #700,000 received from Tunde was dishonoured by the bank but no entry had been made in the cash book.

(vii) A cheque of #256,813 received from a customer was entered as a payment in the cash book.

(viii) A cheque for #350,000 recorded in Dupe Enterprises cash book had been credited by the bank to Dudu Enterprises’ account.

(ix) An amount of #1,050,000 received from customer was paid directly to Dupe Enterprises account but no entry was made in the cash book.

You are required to prepare:

Bank Reconciliation Statement as at 31st December 2016

6

a. The summary of the Receipts and Payments of the Adamfo Social Club for the year ended 31st December 2019 is as follows:
 

 $
Receipts: 
Subscriptions4000
Sale of competition tickets800
Donations300
Refund of rent1000
Payments: 
Rent3000
Honorarium to speaker2200
Secretarial expenses200
Donations to charity60
Competition prizes600
Stationery and printing320



Additional information:

 01/01/1931/12/19
 $$
Equipment at valuation19501500
Subscriptions:  
Arrears120170
Advance3060
Owing to suppliers of competition prizes90120
Stock of competition prizes7080


You are required to prepare for the club and for the year ended 31st December 2019:


Subscription Account

b. The summary of the Receipts and Payments of the Adamfo Social Club for the year ended 31st December 2019 is as follows:
 

 $
Receipts: 
Subscriptions4000
Sale of competition tickets800
Donations300
Refund of rent1000
Payments: 
Rent3000
Honorarium to speaker2200
Secretarial expenses200
Donations to charity60
Competition prizes600
Stationery and printing320


Additional information:

 01/01/1931/12/19
 $$
Equipment at valuation19501500
Subscriptions:  
Arrears120170
Advance3060
Owing to suppliers of competition prizes90120
Stock of competition prizes7080


You are required to prepare for the club and for the year ended 31st December 2019:


Competition Prizes Suppliers Account

c. The summary of the Receipts and Payments of the Adamfo Social Club for the year ended 31st December 2019 is as follows:
 

 $
Receipts: 
Subscriptions4000
Sale of competition tickets800
Donations300
Refund of rent1000
Payments: 
Rent3000
Honorarium to speaker2200
Secretarial expenses200
Donations to charity60
Competition prizes600
Stationery and printing320



Additional information:

 01/01/1931/12/19
 $$
Equipment at valuation19501500
Subscriptions:  
Arreas120170
Advance3060
Owing to suppliers of competition prizes90120
Stock of competition prizes7080



You are required to prepare for the club and for the year ended 31st December 2019:
Competition Trading Account

d. The summary of the Receipts and Payments of the Adamfo Social Club for the year ended 31st December 2019 is as follows:
 

 $
Receipts: 
Subscriptions4000
Sale of competition tickets800
Donations300
Refund of rent1000
Payments: 
Rent3000
Honorarium to speaker2200
Secretarial expenses200
Donations to charity60
Competition prizes600
Stationery and printing320


Additional information:

 01/01/1931/12/19
 $$
Equipment at valuation19501500
Subscriptions:  
Arreas120170
Advance3060
Owing to suppliers of competition prizes90120
Stock of competition prizes7080


You are required to prepare for the club and for the year ended 31st December 2019:
Income and Expenditure Account

7

a. The authorized and issued share capital of Ozideli Limited comprised 400,000 ordinary shares of Le 1 each and 100,000 8% preference shares of Le 1 each. The trial balance at the end of the year was as follows:

Trial Balance as at 31st December 2018

 DrCr
 LeLe
Sales 1,500,000
Purchases1,000,000 
General expenses280,000 
Debenture interest8,400 
7% Debentures 120,000
Ordinary share capital 400,000
8% Peference share capital 100,000
Plant and machinery at cost160,000 
Motor vehicle at cost70,000 
Profit and loss account (31/12/17) 8,600
Creditors 172,400
Debtors500,000 
General reserve 10,000
Provision for depreciation:  
Plant and Machinery; 20,000
Motor vehicle 10,000
Bank22,600 
Stock (31/12/17)300,000 
 2,341,0002,341,000


Additional information:
(i) Stock on hand at 31/12/2018 was Le 400,000;
(ii) The directors were to receive remuneration of Le 70,000;
(iii) Depreciation is to be calculated on plant and machinery at Le 32,000 and motor vehicle at Le 14,000;
(iv) The directors decided to transfer Le 12,000 to general reserve;
(v) Preference dividend for 2018 will be paid on 10/01/2019.

You are required to prepare:


Trading, Profit and Loss and Appropriation Account for the year ended 31st December 2018;

b. The authorized and issued share capital of Ozideli Limited comprised 400,000 ordinary shares of Le 1 each and 100,000 8% preference shares of Le 1 each. The trial balance at the end of the year was as follows:

Trial Balance as at 31st December 2018

 DrCr
 LeLe
Sales 1,500,000
Purchases1,000,000 
General expenses280,000 
Debenture interest8,400 
7% Debentures 120,000
Ordinary share capital 400,000
8% Peference share capital 100,000
Plant and machinery at cost160,000 
Motor vehicle at cost70,000 
Profit and loss account (31/12/17) 8,600
Creditors 172,400
Debtors500,000 
General reserve 10,000
Provision for depreciation:  
Plant and Machinery; 20,000
Motor vehicle 10,000
Bank22,600 
Stock (31/12/17)300,000 
 2,341,0002,341,000


Additional information:
(i) Stock on hand at 31/12/2018 was Le 400,000;
(ii) The directors were to receive remuneration of Le 70,000;
(iii) Depreciation is to be calculated on plant and machinery at Le 32,000 and motor vehicle at Le 14,000;
(iv) The directors decided to transfer Le 12,000 to general reserve;
(v) Preference dividend for 2018 will be paid on 10/01/2019.

You are required to prepare:
Balance sheet as at that date

8

a. Omuga District Council made the following payments for 2020.
 

HeadsParticularsAmount (D)
20011Construction of market stalls100,000
20021Maintenance of roads30,000
20031Construction of health centre120,000
20041Repair of vehicle10,000
20051Sinking of borehole80,000
20061Lubricants20,000
20071Purchase of ambulance60,000
20081Electricity bills15,000
20091Office equipment and machines20,000
20101Yellow fever vaccine12,000
20111Construction of laboratory130,000
20121Servicing of generator5,000
20141Traveling expenses10,000
20161Stationery5,000
20131Purchase of hospital equipment90,000
20151Purchase of generator40,000
20171Purchase of water treatment plant110,000
20181Drugs for health centre30,000
20191Purchase of office furniture80,000
20201Environmental sanitation40,000
20221Staff benefit20,000
20211Construction of day care centre110,000
20231Construction of toilets60,000
20241Telephone expenses12,000
20251Provision of street lights90,000
20261Refuse disposal30,000
20281Salaries100,000
20301Hospitality expenses30,000


You are required to prepare for the year ended 31st December 2020:

Statement of Capital Expenditure

b. Omuga District Council made the following payments for 2020.
 

HeadsParticularsAmount (D)
20011Construction of market stalls100,000
20021Maintenance of roads30,000
20031Construction of health centre120,000
20041Repair of vehicle10,000
20051Sinking of borehole80,000
20061Lubricants20,000
20071Purchase of ambulance60,000
20081Electricity bills15,000
20091Office equipment and machines20,000
20101Yellow fever vaccine12,000
20111Construction of laboratory130,000
20121Servicing of generator5,000
20141Traveling expenses10,000
20161Stationery5,000
20131Purchase of hospital equipment90,000
20151Purchase of generator40,000
20171Purchase of water treatment plant110,000
20181Drugs for health centre30,000
20191Purchase of office furniture80,000
20201Environmental sanitation40,000
20221Staff benefit20,000
20211Construction of day care centre110,000
20231Construction of toilets60,000
20241Telephone expenses12,000
20251Provision of street lights90,000
20261Refuse disposal30,000
20281Salaries100,000
20301Hospitality expenses30,000


You are required to prepare for the year ended 31st December 2020:
Statement of Revenue Expenditure

9

a. Ade, a trader had the following balances in the creditors ledger on October 31, 2020.
 

 GH⊄
Kristy4200
Erica8700

b. Ade, a trader had the following balances in the creditors ledger on October 31, 2020.
 

 GH⊄
Kristy4200
Erica8700


The following transactions took place in November 2020:

November GH⊄
4Goods bought from Kofi17400
4Returned goods to Erica1500
10Goods returned to Kofi900
16Goods bought from Mary10500
21Goods bought from Kofi14100
23Payment to Kristy after deducting discount of GH⊄ 3003900
27Payment to Erica after deducting discount of GH⊄ 6006600


All purchases were on credit while all payments made through the bank

You are required to prepare:


The individual creditors account

See Also: How To Check WAEC Result 2024

How to Pass WAEC Financial Accounting Examination

1. Have a Positive Mindset:

It is obvious that until your mindset is positive, your life will not be positive. As you prepare for WAEC, you must develop a positive mindset toward your fate.

Don’t say, “WAEC is very hard I don’t know whether I will pass” and don’t believe anyone that says you cannot pass WAEC 2024 on your own.

Have the mentality, “If others passed WAEC 2024 in the past, then I will be like them. Refuse to be identified with failure or those that failed in the past.

Even if this year’s WAEC Exam is not your first time, it doesn’t mean that you cannot pass WAEC 2023 marketing this time around.

Sit for maths 2024/2025 with a refined mindset. Nothing will make you fail WAEC 2024. Until your mindset is positive, your life will not be positive.

2. Avoid Bad Companies

If you are really serious about passing WAEC 2024 Accounting, try and avoid bad companies. They will discourage and engage you in activities that will not enhance your success. Remember that their mindset may not correspond to yours.

3. Set Good Targets and Plans:

If you have made up your mind to pass WAEC Financial Accounting 2024, the next thing you should do is set targets. Write down the type of grades you want in WAEC 2024. If you want all As, zero Fs, and Zero Es then you should start planning it now.

Make sure you create a timetable and master plan to achieve your set goals. Remember, it takes nothing to dream but it takes everything to focus on your dream.

4. Get WAEC Accounting Recommended Textbooks 2024:

One of your plans should be to get the WAEC 2024 Financial Accounting recommended textbooks. Normally, the West African Examination Council recommends books for the examination.

But apart from WAEC 2024 literature in English where certain novels are compulsory, you are free to use any good textbook to prepare for WAEC 2024 Accounting exam.

Some topics are more difficult to understand. If you have any topic you are finding difficult to understand, then get another textbook that will make things simple for you.

5. Get WAEC Accounting Past Question:

This is a very good plan. Since WAEC 2023 and WAEC 2024 are of the same standard, you could use the same past questions to study for both.

If you are confused about how to get WAEC past questions. They are sold in good bookshops around. It is possible that the school where you registered could offer to give you some current past questions that will help you in WAEC 2024.

6. Start Preparing for WAEC Accounting 2024:

Stop wasting your time. Now that you have gotten textbooks and past questions, the next thing is to begin your reading. Early reading and practice are good for you; you will pass well on WAEC 2024.

7. Avoid Skipping Examples and Exercises:

It is very unfortunate that Secondary school students are fond of skipping exercises and even examples while studying textbooks.

They loved notebooks so much that they could ask, “can I read my Accounting, Mathematics, etc notebooks and pass WAEC 2024?”

Don’t be scared of attempting exercises; they are there to help you. Face it and overcome it!

8. Test Yourself on WAEC Accounting Questions and Answers

This is a good practice. Once in a while, answer full one year Accounting past questions on your own without checking the answers. Then mark to see your score. This will help you in many aspects.

9. Do Constant Practice:

Don’t get discouraged when certain topics are annoying, keep on practicing until you master everything. Never give up and never say never. Keep on keeping on….

10. Create Time for Recreation

Create time for yourself where you play and ease off stress. Do not overwork yourself; it can make you waste time unnecessarily. Once you work more than necessary, you are not gaining anything.

Now that you have read this article to this end, if you still have any other questions about WAEC Accounting Questions and Answers 2024, kindly make use of the comment section below this article.

Do well to share this article to others.

Share on

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *