NECO 2017 Financial Accounting Questions And Answers Expo (Objective/Essay, Theory)
This is the NECO 2017 Financial Accounting Paper I& II (Objective and Essay,Theory) Questions And Answers - NECO financial accounting answer EXPO.
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Friday 21st July 2017
- Paper III & I: OBJ & Prac. / Physical – Geography – 10am – 12:30pm
- Paper III: OBJ – Financial Accounting – 10am – 11:20am
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Monday 24th July 2017
- Theory & Practice – Financial Accounting – 11:20am – 1:50pm
- OBJ & Essay – Basic Electricity – 2:30pm – 4:45pm
- Drawing & Design – Woodwork – 10am – 12pm
* SCHEDULED TIME:-
This Exam is scheduled as follows;
- FINANCIAL ACCOUNTING (OBJ)
- FINANCIAL ACCOUNTING (Theory & Practice)
- BASIC ELECTRICITY (OBJ & ESSAY
ACCOUNT OBJ
1 - 10 = ABEEDBDDCA
11 - 20 = DEAADECADE
21 - 30 = ADCCAABBCC
31 - 40 = CBBEEAACEC
41 - 50 = AADDECDBEC
51 - 60 = CDCACCEEEE
NECO Financial Accounting Questions And Answers Expo (Past Questions)
(1)
(i) Uses of Sales Day Book
USES
This is a book of original entry in which credit sales are recorded before posting to the ledgers.
in the sales day book, cash transaction must not be recorded.
Illustration
Sold goods to Roger Milla on creditt
(ii) Purchase Day Book
USES
This is the book for recording goods bought on credit from the suppliers and are done monthly or
weekly.
Illustration
Goods brought from Coca cola
(iii) Purchase Returns Book
USES
This is the book for recording goods returned to the suppliers as a result of one reason or another.
Illustration
Returned Goods to Coca Cola
(iv) Sales Return Journal
USES
This is used to record goods returned by customers. it maybe due to wrong color, wrong type, inferior quality or breakage
Illustration
Returned Goods from Roger Milla
(v) Cash Book
USES
This is used to record cash transactions and also transactions with the bank
Illustration
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