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Accounts - Principles of Accounts 2018 WAEC Past Questions

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1

(a) Objectives of Financial Accounting

(b)Characteristics of good accounting information     

(c) Users of accounting information and their interests

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2

1. What is depreciation?

2. What factors determine depreciation charges?

3. Reasons for providing depreciation

 

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3

a) What is Goodwill?

b) Conditions under which Goodwill is valued in a Partnership

c) Contents of a partnership agreement

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4

1) Differentiate between Public sector accounting and Private sector accounting

2) Sources of revenue for a local government

3) Items of expenditure of a local government

 

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5

Investors in a business are mainly interested in firm's--------

  • A. liquidity
  • B. debt
  • C. management
  • D. profitability
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