WAEC GCE Financial Accounting Answers [21st December, 2020]

Get Free Live 2020 WAEC GCE August/September (2nd Series) Financial Accounting Essay & OBJ Questions and Answers for Private Candidates Free of Charge | WAEC GCE Aug/Sept Free Accounting Questions and Answers (Essay & OBJ) EXPO Room (21st December, 2020).

WAEC GCE AUGUST/SEPTEMBER 2020 FREE FINANCIAL ACCOUNTING (ACCOUNT) QUESTION AND ANSWER ROOM [PRIVATE CANDIDATES]

Monday, 21st December, 2020
Financial Accounting 2 (Theory and Practice) - 9:30am. – 12:00 noon.
Financial Accounting 1 (Objective) - 12:00 noon. – 1:00pm.

A. 2020 WAEC GCE FINANCIAL ACCOUNTING ESSAY (THEORY) ANSWERS | 21ST DECEMBER, 2020

(3a)
Accounting ratios are groups of metrics used to measure the efficiency and profitability of a company based on its financial reports. They provide a way of expressing the relationship between one accounting data point to another and are the basis of ratio analysis.

(3b)
(i)Inventory Turnover Ratio
(ii)Fixed Asset Turnover Ratio
(iii)Accounts Receivable Turnover

(3c)
(i)Activity Ratios help in comparison to businesses in the same line of operation.
(ii)Activity Ratios help in Problem identification c be done using the right and necessary corrections in the functioning of the business can be made.
(iii) Activity Ratios simplifies an analysis by providing the financial data in a simple format, which eventually helps in decision making.
(iv)Investors can rely on the information that Activity Ratios provide since it is based on numbers and is accurate.
(v)Activity ratios help in evaluating a business's operating efficiency by analyzing fixed assets, inventories, and accounts receivables.

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


(4)


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

(5)


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

(7)


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

(8)


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

(9)




B. 2020 WAEC GCE FINANCIAL ACCOUNTING OBJECTIVE (OBJ) ANSWERS | 21ST DECEMBER, 2020

01-10: BAABDDDBAC
11-20: DABBDDCBAA
21-30: CACACCAACD
31-40: DBAABCACAA
41-50: BABBADDACC


PLEASE WE DO NOT GUARANTEE ANSWERS BEFORE EXAM STARTS - NO SITE CAN GIVE YOU ANSWERS BEFORE EXAM STARTS. BEFORE CONSIDERING SUBSCRIBING TO OUR PREMIUM OR FAST ANSWERS MAKE SURE YOU CAN ACCESS YOUR PHONE IN YOUR EXAM HALL. THOSE WHO DO NOT HAVE MONEY TO SUBSCRIBE STAY ONLINE ON THIS PAGE AND KEEP REFRESHING IMMEDIATELY EXAM STARTS.

TO SUBSCRIBE FOR WAEC GCE FINANCIAL ACCOUNTING OBJ & THEORY ANSWERS VIA LINK ONLY
  1. JUST GO OUT AND BUY MTN CARDS OF N600 (500 + 100 = 600)
  2. GO TO YOUR MESSAGE, TYPE THE MTN CARD PINS CORRECTLY AND SEND TO 08107431933.
  3. DON'T CALL THE NUMBER, JUST TEXT, IF THE CARDS PINS ARE VALID, A REPLY WILL BE SENT TO YOU CONFIRMING THAT YOU HAVE BEEN SUBSCRIBED.
  4. DO NOT TRY TO LOAD THE CARD AFTER SENDING AND NO REPLY WAS SENT IMMEDIATELY, BE PATIENT AS WE ATTEND TO MESSAGES IN ASCENDING ORDER
  5. RELAX AND WAIT FOR YOUR ANSWERS 45 MINUTES AFTER EXAM STARTS.
  6. NB: DO NOT SEND USED CARD PINS OR YOUR NUMBER WILL BE BLOCKED IMMEDIATELY.

NB: ONLINE ANSWERS COMES 1hr: 30 Mins After Exam Commences (KEEP REFRESHING THIS PAGE)


NB: Only Share this Page with Trusted Students, We will be hiding this page immediately exam ends and a new page will be created for the upcoming exam. Kindly do well to bookmark the site and check back later.
===============================================
DAILY SUBSCRIPTION - PER SUBJECTS
*******Link Payment Per Subject: N600***** [Gets Answers On Time]
******Link Payment Per Practical: N400***** [Gets Answers On Time]
===========================================