2024 NECO BOOK KEEPING: (8296)

Book keeping obj

01-10: ECDDCEACCD

11-20: BAEBDDDDAA

21-30: BCBEBEEDCB

31-40: ECAEBBDBBA

41-50: EDEDACBBDA

51-60: CDDDDACAAE

=============================

BOOKKEEPING-THEORY
SECTION B
(6)

====================================


(9)

====================================


(5)


====================================

(3a)
depreciation is defined as the reduction of recorded cost of a fixed asset in a systematic manner until the value of the asset becomes zero or negligible.

(3b)
-Assets-
(i)Current assets
(ii)Fixed assets
(iii)Financial Assets
(iv)Intangible Assets
(v) tangible Assest
(vi)Operating Assets

-Limitations-
(i)Fixed assets are shown in the Balance Sheet at their book value (Historical cost — Depreciation to date). A conventional Balance Sheet does not reflect the original value of assets.
(ii)As fixed assets are shown in the Balance Sheet at their book value, therefore, it does not have any relationship with the market value
(iii)Balance Sheet cannot reflect the value of certain factors which serve like assets, such as skill and loyalty of the staff.
(iv)conventional Balance Sheet may mislead the untrained readers in inflationary situations.

(3c)
(i)Less paperwork to get started.
(ii)Easier processes and fewer requirements for business taxes.
(iii)Fewer registration fees.
(iv)More straightforward banking.
(v)Simplified business ownership
====================================

(4a)
A suspense account is an account used temporarily or permanently to carry doubtful entries and discrepancies pending their analysis and permanent classification

(4b)
(i) Owners and investors
(ii) Management ·
(iii) Lenders
(iv) Trade creditors or suppliers
(v) Government
(vi) Employees
(vii) Customers

(4c)
(i) Always Compliant with the Law
(ii) It Is Easier to Plan.
(iii) Instant Reporting
(iv) Better Relations with Banks and Investors.
(v) Better Tax Prediction.
(vi) Faster Business Response Time.

Welcome to official 2024 Book keeping NECO answer page. We provide 2024 Book keeping NECO Questions and Answers on Essay, Theory, OBJ midnight before the exam, this is verified & correct NECO BookKeeping Expo. NECO Book keeping Questions and Answers 2024. NECO BookKeeping Expo for Theory & Objective (OBJ) PDF: verified & correct expo Solved Solutions, . 2024 NECO EXAM Book keeping Questions and Answers

Questions Students ask about 2024 NECO BOOK KEEPING: (8296)

• How to get 2024 Book keeping NECO QUESTION AND ANSWERS before the exam? To get midnight before the exam, all you need to do is to visit Gistpower.com with the pin sent to you by the admin and login. With the pin, you can have a full access to

---

• When do I get Verified 2024 Book keeping NECO QUESTION AND ANSWERS? You will get a night to the exam because Book keeping is an important subject.

---

• After using 2024 Book keeping NECO ANSWERS, How many am I assured of in Book keeping? You will score between 7As - 9As in Book keeping if you write verbatim .

---

• How verified is your 2024 Book keeping NECO ANSWERS? Our is 100% verified and legit and it is worthy to be trusted because it from Gistpower.com which is the most trusted website for exam runs in Nigeria.

---

• Where do I get 2024 Book keeping NECO QUESTION AND ANSWERS? You can get only from Gistpower.com

---

• Is the answers on this page actually the main ? No, This is 2021 NECO BOOK KEEPING ANSWERS, to get , you need to subscribe with us by texting or WhatsApping us.

---

• How do I subscribe for 2024 Book keeping NECO Questions & ANSWERS? To subscribe for 2024 Book keeping NECO Questions & ANSWERS, Message 09069477478 stating that you need 2024 Book keeping NECO Questions & ANSWERS a day to the exam.

Welcome to official 2024 Book keeping NECO answer page. We provide 2024 Book keeping NECO Questions and Answers on Essay, Theory, OBJ midnight before the exam, this is verified & correct NECO BookKeeping Expo

Name: Gistpower.com

Founded: 2010 (14 years)

Founder: Mr. Dave

Headquarters: Borno, Nigeria

Official Website: https://gistpower.com/

Official Contact: +234