2024 NECO ACCOUNT: (6535)
2024 NECO F/ACCOUNTING QUESTIONS AND ANSWERS Password/Pin/Code is 6535. You can use it to view 2024 Account Answers A day before the exam.
F/Account+Obj!
1EACCECCAEA
11EBADCBBEBC
21BDCBCCBCDD
31ADCABCCDCA
41BAABBCEACA
51ABDABCEDBB
Completed
____________________________
(7)
__________________________________
(8)
______________________________
(6)
__________________________
(1a)
DISCOUNT ALLOWED
(i) Discount allowed is granted by the seller to the buyer.
(ii) The discount allowed is the expense of the seller.
(iii) Discount allowed is debited in the books of the seller.
DISCOUNT RECEIVED
(i) The discount received is received by the buyer from the seller.
(ii) Discount Received is an income of the buyer.
(iii) Discount Received is credited in the books of the buyer.
(1b)
(i) Cash book
(ii) Purchases book
(iii) Sales book
(iv) Purchases return or return outwards book
(v) Sales return or return inwards book
(1c)
ERROR IT REVEALS
(i) Wrong Totaling of
(ii)Subsidiary Books
Posting of the Wrong Amount
ERROR THAT DOESN'T AFFECT IT
(i) Error of principle
(ii) Error of commission
(iii) Error of omission
==============================
(2)
(i) Accumulated fund: An accumulated fund is a type of account that serves as the repository for funds that are collected over time by non-profit organizations and are above and beyond the money needed to cover operational and other expenditures.
(ii) Depreciation: It's the reduction of a recorded cost of a fixed asset in a systematic manner until the value of the asset becomes zero or negligible.
(iii) Nominal Capital: It's the amount of capital that a business can offer to shareholders, in the form of shares of stock. In most nations, the amount of this nominal share capital is regulated by governmental agencies that determine the financial stability of the business and the company’s ability to cover the value of those shares.
(iv) Bad debt: Bad debt is an expense that a business incurs once the repayment of credit previously extended to a customer is estimated to be uncollectible and is thus recorded as a charge off.
(v) Net profit: is the amount of money your business earns after deducting all operating, interest, and tax expenses over a given period of time.
Welcome to official 2024 Account NECO answer page. We provide 2024 Account NECO Questions and Answers on Essay, Theory, OBJ midnight before the exam, this is verified & correct NECO Acc. Expo. NECO Account Questions and Answers 2024. NECO Acc. Expo for Theory & Objective (OBJ) PDF: verified & correct expo Solved Solutions, . 2024 NECO EXAM Account Questions and Answers
Questions Students ask about 2024 NECO ACCOUNT: (6535)
- How to get 2024 Account 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 Account NECO QUESTION AND ANSWERS? You will get a night to the exam because Account is an important subject.
- After using 2024 Account NECO ANSWERS, How many am I assured of in Account? You will score between 7As - 9As in Account if you write verbatim .
- How verified is your 2024 Account 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 Account NECO QUESTION AND ANSWERS? You can get only from Gistpower.com
- Is the answers on this page actually the main ? No, This is 2022 NECO F/ACCOUNTING QUESTIONS AND ANSWERS, to get , you need to subscribe with us by texting or WhatsApping us.
- How do I subscribe for 2024 Account NECO Questions & ANSWERS? To subscribe for 2024 Account NECO Questions & ANSWERS, Message 09069477478 stating that you need 2024 Account NECO Questions & ANSWERS a day to the exam.
- Go to Gistpower.com official website website for Account subscription: You will need to visit Gistpower.com official subscription page for NECO Account at https://gistpower.com/sub/
- Grab active Gistpower.com WhatsApp number and chat the admin for Account NECO subscription: Gistpower.com has two phone numbers for whatsapp, get the active one and chat them on whatsapp for Account subscription
- Drop your subscription details: As you open whatsapp chat with Gistpower.com drop your MTN recharge card and subject like this; subject: Account, MTN Card: 746473829383738, then wait for them to confirm your payment and send you the Account pin and whatsapp group link.
How to subscribe for 2024 NECO Account (6535) Questions and Answers?
This is how to subscribe for 2024 NECO Account (6535) Questions and Answers expo and get the answers before the exam. If you want to access NECO Account (6535) before the exam, follow this detailed steps
Welcome to official 2024 Account NECO answer page. We provide 2024 Account NECO Questions and Answers on Essay, Theory, OBJ midnight before the exam, this is verified & correct NECO Acc. Expo
Name: Gistpower.com
Founded: 2010 (14 years)
Founder: Mr. Dave
Headquarters: Borno, Nigeria
Official Website: https://gistpower.com/
Official Contact: +234
Beware of Scammers.... Please always use 09069477478 for all your transactions to avoid being scammed.
NOTE: Any answer that does not have badge can be chnaged, removed or updated anytime. The badge means that the answers have been verified 100% (if used exactly, you're to get nothing but A1) while without the badge means that the answer is still under verification. If you're not in a hurry, please wait for answer to be verified before you copy.
Click on the drop down links to view answer under them.
Good Luck... Invite family and friends to Gistpower.com... We are the best and we post, others copy from us.
NECO GCE 2024. FINANCIAL ACCOUNTING ANSWERS
2024 GCE waec accounting
2024 WAEC MAY/JUNE FINANCIAL ACCOUNTING ANSWERS
2024 NEBTEB ACCOUNTING ANSWERS
2024 NECO Financial Accounting Answers
2024 WAEC GCE 2nd SERIES FINANCIAL ACCOUNTING ANSWERS
2021 NECO GCE F/ACCOUNTING ANSWERS
2021 NABTEB F/ACCOUNTING ANSWERS
2021 NECO F/ACCOUNTING ANSWERS