NECO

NECO Financial Accounting Answers 2022 25th July 2022

NECO FuHow To Prepare And Pass NECO In One Sitting 2022rther Mathematics Answers 2022
Wisdom Chimaobi admin

Are You Looking for NECO Financial Accounting Answers 2022in this post am going to share with you NECO Financial Accounting Answers 2022 25th July 2022, make sure you read this article to the end, and don’t forget to share it on social media. A lot of people will collect money to publish the NECO Financial Accounting Answers 2022 25th July 2022but our answers will be published here free of charge except for those who wish to have answers sent to them charges may apply to follow the guide.

NECO Financial Accounting Answers 2022 25th July 2022

myschoolgoodies 2022 NECO candidates

Could it be said that you are a Neco Candidate for 2022? then, at this point, underneath is the finished NECO Financial Accounting Answers 2022 that you have been looking for. The fascinating piece of this is well-formatted charts of the relative multitude of examples to make it simple for you to  Identify them all.

NECO Financial Accounting Answers 2022 25th July 2022 & Questions for NECO Financial Accounting Answers 2022 25th July 2022 Obj & Essay NECO Financial Accounting Answers 2022 25th July 2022/2023 Neco EXPO ON NECO Financial Accounting Answers 2022 25th July 2022NECO Financial Accounting Answers 2022 25th July 2022/2023, NECO Financial Accounting Answers 2022 25th July 2022 Obj & Essay questions and answers, NECO Financial Accounting Answers 2022 25th July 2022/2023 Expo/Runs.

SEE ALSO: NECO Biology Practical Answers 2022

Answers Loading………………….

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

 

Questions And Answers Are conveyed 30 minutes before exams

 

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

ANNOUNCEMENT:

If you subscribe to these Answers, then you are to get assistance Immediately after your payment is been confirmed

Answers Loading………………….

WARNNING: Do Not Try To Call Any Number Provided Here You Can Only Whatsapp Or Test Us .

Send the following details:

  • Your Mtn Card
  • Your Subject Name
  • Your Phone Number

NECO Financial Accounting Answers 2022 25th July 2022 /2023 Expo Solution is Currently Available, Subscribe Now to Get Your Answers. Send #1000 for WhatsApp, 800 for the pin, and 1,500 for Direct SMS All Recharge Card Is to be sent to my school goodies No: 08163583415 through Sms Answers will be sent to you a few minutes before your exam time Thank You.

Direct to SMS: This is a way of getting your Question and answers through SMS 5 hours before the commencement of the examination… The cost is just #1500 Mtn Card to
WhatsApp Mode: This is a way of getting your questions and answers through your WhatsApp 5 hours before the commencement of the examination… The cost is just #800 Mtn Card to
Pin/Password:  #600 Mtn Card .

Assuming you really want us to assist you with more refreshed data brilliantly about: NECO Financial Accounting Answers 2022 benevolently furnish us with your telephone number and email address in the remark box underneath. Likewise, go ahead and pose any inquiries relating to this aids.


Today’s NECO Finnacial Accounting Answers 2022 [ObJ & Essay]

1-10: EBBDEADBDC

11-20: DCCDDECDCA

21-30: DCEAEBBDAA

31-40: BBACAECAAB

41-50: ECDCBCECCC

51-60: ECBCDDDEAE

NECO Accounting Essay Answers Loading…

NECO Financial Accounting Essay (Section B)
(3i)

Returns inward: These are goods returned to the selling entity by the customer, such as for warranty claims or outright returns of goods for a credit. For the customer, this results in the following accounting transaction. A debit (reduction) of accounts payable.

(3ii)

Returns outward: These are goods returned by the customer to the supplier. For the supplier, this results in the following accounting transaction. A debit (reduction) in revenue in the amount credited back to the customer.

(3iii)

Prospectus: This is a disclosure document that describes a financial security for potential buyers. It commonly provides investors with material information about mutual funds , stocks, bonds and other investments, such as a description of the company’s business, financial statements , biographies of officers and directors, detailed information about their compensation, any litigation that is taking place, a list of material properties and any other material information.

(3iv)

Prepayments: These are amounts paid for by a business in advance of the goods or services being received later on. Any payment made in advance can be considered a prepayment. A prepayment is not dissimilar to a deposit, but generally falls under a more set time period for fulfillment of the goods or service purchased.

(3v)

Cost of goods sold: This is the accumulated total of all costs used to create a product or service, which has been sold during a particular period. The cost of goods sold is reported on the income statement and should be viewed as an expense of the accounting period. In essence, the cost of goods sold is being matched with the revenues from the goods sold, thereby achieving the matching principle of accounting.

(4a)

A joint venture is a form of business that is jointly owned by two or more independent firms that continue in their original business but pool their resources in another line of business.

(4b)

[Pick any five]

(i) Accruals concept

(ii) Conservatism concept

(iii) Consistency concept

(iv) Economic entity concept

(v) Going concern concept

(vi) Matching concept

(vii) Materiality concept

(4c)

(i) Departmental accounts help to understand or locate the success, failure, rates of profit, etc.

(ii) It helps the management to make proper plan of action, policies in order to increase profit after analysing the results of operation of various departments.

(iii) Departmental accounting helps us to understand which department should be expanded further or which one should be closed down as per the results of the operation.

(iv) It also helps to encourage a healthy competitive spirit among the various departments which, ultimately, helps to increase profits of the firm as a whole.

(v) Individual result of each department can be known which helps to compare the performances among all the departments, i.e. the trading results can be compared.

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

NECO Financial Accounting Likely Questions and Answers 2022

NOTE: The questions below are not exactly 2022 NECO Financial Accounting questions and answers for 2022 but possible NECO Accounting repeated questions and answers.

1. The officer responsible for ascertaining whether all public expenditure and appropriation are in time with the approved guideline is the

A. Creditor

B. Cashier

C. Auditor General

D. Bursar

ANSWER: C (Auditor General)

2. The cash basis of accounting requires the recognition of revenue only when they are

A. sent Out

B. documented

C. lost

D received

ANSWER: D (Received)

3. Responsibility accounting is particularly concerned with

A. variable cost

B. fixed cost

C. controllable costs

D. uncontrollable costs

ANSWER: C (Controllable costs)

4. Earnings per share is a measure of

A. loss

B. profit

C. income

D. expenditure

ANSWER: B (Profitability)

About the author

admin

Mr Wiseman, A Certified Optician A lover of teaching and learning, A quality content writer and designer, Lots of Information On Education, entertainment, News, Favorite Movies, Carrier Guide you will get @ myschoolgoodies .Like and Share.

Leave a Comment

%d bloggers like this: