WAEC Computer 2018/2019 Questions and Answers

WAEC Computer 2018/2019 Questions and Answers

Read Below For Computer Questions and Answers for WAEC

Question 1
Explain any three of the following
(a) Computer error;
(b) “garbage-in, garbage out”;
(c) Down-time;
(d) Debugging;
(e) Computer service bureau/Cyber-café.

Observation: Majority of the candidates attempted this question and their performance was very poor because they had little knowledge about the computer and its terminologies.
(a)  Computer Error
A computer error is an inaccurate output from a computer system.  When the result displayed by a computer, consequent upon the processing of a given data, is wrong or does not conform with the expected outcome, a computer error is said to have occurred.
Error from a computer may be software error or hardware error.
(b) Garbage-In, Garbage-Out
This means that whatever one feeds into the computer, either correct or incorrect, is exactly what would be processed and produced as output.  Since the computer cannot think, it acts on whatever instructions or data that are fed into it.  Therefore, the concept of garbage-in, garbage-out stresses the fact that if rubbish is fed into the computer as input, rubbish  would be received as output information.
(c) Down-time
This is the term used to describe the interval of time within which the computer is not in a good condition. It marks the period when the computer breaks down and becomes impossible to operate.
(d)  Debugging
Debugging, is the process of detecting, tracing and eliminating errors in a computer program by the programmer.
(e) Computer Service Bureau/Cyber-Cafe
This is a business organization with computer facilities that renders data processing services to other companies and individual members of the public.  The company charges fees for services so rendered.

Question 2
In the context of Company account, explain the following:
Promoter;
Prospectus;
Underwriting;
Bonus issue;
Dividend.
Observation: Candidates’ performance was poor.  Majority of the candidates could not express themselves in these questions.  The expected explanation from candidates includes:
(a) A promoter: It is one who undertakes to form and register a company.  He gets all the necessary documents, submits them for registration and obtains a certificate of incorporation which entitles a company to commence operations.
(b) Prospectus: This is a document issued by a public limited Liability company inviting the general public to subscribe for shares or debentures of the company.
(c)  Underwriting: The is the arrangement whereby someone called the underwriter guarantees to take up the balance of shares offered for sale in the event of the offer being under subscribed.  It attracts a commission whether or not the offer is under-subscribed.
(d) Bonus Issue:It is a method of giving out new shares, in place of cash dividends to existing shareholders usually in proportion to the number of shares held.  It can be called capitalization issue.
(e) Dividend:It is a part of a net profit of a company which is made available for distribution in cash to shareholders.  Dividend is calculated based on nominal value of shares and profit.

Question 3
Explain three reasons why an accountant will consider end-of-year adjustments.
a) Explain how the following items are treated in the Profit and Loss Account and Balance Sheet:
b) Provision for doubtful debts;
c) Depreciation on fixed assets;
d) Accrued income;
e) Prepaid expenses.
Observation: Many candidates could not explain the reasons why accountant consider end-of-year adjustments.  In b(i) (ii) (iii) and (iv), candidates performers was high.
Some of the reasons expected in “3a” from candidates include:

3 (a) Reasons for end-of-year adjustment
  1. To ensure that the incomes of a particular period relate to that year.
  2. To ensure that financial statements are prepared in accordance with accounting concepts and conventions.
  3. To ensure that the double entry principle is applied.
  4. To provide for depreciation of fixed assets.
  5. To ensure proper classification of capital items from revenue items.
  6. To ensure that expenses of a particular period relate to that year.
  7. To  take into consideration any stock valuation at the end of the year.
Question 4
What is single entry accounting system?
State two characteristics of single entry accounting system.
State three disadvantages of single entry accounting system.
Observation: Majority of the candidates attempted this question and performed well.

Question 5
Financial Accounting Practice
This question required candidates to prepare the Manufacturing, Trading, Profit and      Loss Account to show:
a) Cost of raw material used;
b) Prime cost;
c) Cost of production;
d) Gross manufacturing profit;
e) Gross profit on sales;
d) Net profit.
Observation: Majority of the candidates attempted this question and performed very well.  The few candidates that failed were those that muddled up the three accounts (Trading, profit and Loss Account).

Question 6:
In this question, candidates’ were required to prepare:
(a)   Journal entries necessary to correct the errors;
(b)   Suspense Account.
Observation: Few candidates’ attempted this question and their performance was poor. They do not comply with the rule of double entry and this affected their posting to the suspense account.

Question 7
In this question, candidates’ were required to prepare:
(a)   Statement of Affairs;
(b)   Receipts and Payments Account;
(c)   Subscriptions Account;
(d)   Income and Expenditure Account.
Observation:Candidates’ performed very well in Receipts and Payments Account, Subscription Account and Income and Expenditure Account.  They did badly in the Statement of Affair because they did not use the right method of calculating Accumulated Fund.

Question 8
In this question, candidates were required to prepare:
(a)   Branch Stock Account;
(b)   Branch Stock Adjustment Account;
(c)   Branch Profit and Loss Account.
Observation: Few candidates’ attempted the question and performed badly. Teachers should devote extra time for the teaching of the branch account.

Question 9
In this question, candidates’ were required to prepare:
(a)   A Statement, and
(b)   Receipts and Payments Account of a Local Government.
Observation: The general performance of candidates’ in this question was impressive. The few candidates who performed poorly in this question did so because they could not allocate the revenue into each local government according to proportion given.
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