NECO Accounting Questions and Answers 2020/2021 (Essay and Objectives)

NECO Accounting Questions and Answers 2020. I will be showing you  NECO Financial Accounting objective and theory questions for free. You will also understand how NECO Accounting questions are set and many more examination details.

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The National Examination Council is an examination body that set questions annually from areas student should, after their studies in the senior secondary school, be able to write and pass without stress.

NECO Accounting answers and questions Objectives and Essay will be provided here in detail and the authenticity of this NECO 2020 Financial Accounting solutions to questions have been tested and confirmed to be sure.

See: NECO Timetable

NECO Accounting Essay And Objective Questions and Answers 2020 (EXPO)

The questions below are not exactly 2020 NECO Financial Accounting questions and answers but likely NECO Accounting repeated questions and answers.

These questions are strictly for practice. The 2020 NECO Accounting expo will be posted on this page on the day of the NECO Accounting examination. Keep checking and reloading this page for the 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

See: WAEC Book Keeping Questions and Answers

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)

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How To Pass NECO Financial Accounting Examination

The National Examination Council (NECO) is a body in charge of the Senior Secondary School Certificate Examination. The Certificate offered here is a very important credential that awards or certify the completion of your Secondary School Education.

It is a major document that qualifies you into any tertiary institution and equally a major factor affecting admission today.

For this reason, every Student preparing for this examination NECO 2020 is preparing for something great.

Care should be taken when participating in this examination in other not to come out with bad grades. The following are the key answers to  NECO Accounting 2020.

1. Be Determined to Pass

The NECO 2020 Accounting is mainly for those who have made up their mind to pass it with a good grade.

Any candidate who, at this point in time, has not made up his or her mind to make the excellent grade in the forthcoming NECO 2020 Accounting is actually not ready to pass.

Your mind should be ready for the task ahead, do not follow lazy friends who believe in a miracle on the day of the exams, stay positive and study your books.

2. Have self-confidence

Self-confidence is another factor that affects a candidate’s performance. Promise to do it all by yourself and everything will come out very simple for you.

It is a well-known fact that many students cancel the right answers just to copy the wrong ones because of a lack of self-confidence. Study and pray hard and you are the miracle for the day.

3. Start Studying Early

Studying is very important in your life as a student. NECO is a very simple Exam to deal with as long as studies are involved. Studying is one thing and studying on time is another thing entirely.

Do not wait for the NECO 2020 Accounting exams to be so close before you start studying for it. Late preparation will not really help you. When you start studying early there will be time for you to revise before the exams.

2. Make Use the NECO 2020 Syllabus

Using the NECO 2020 syllabus is very essential as it will guide you on major topics to cover. Studying without the Syllabus will make you focus on unnecessary topics that will not appear in the exams.

Also, most of the Accounting topic you have not done in class are there in the NECO syllabus.

3. Pray to God Your creator

Many think that they can do it all alone without God. The Almighty God is your creator, seek His assistance and He will never fail to help you. Your faith in God determines your success. God is there for you, call upon Him.

4. Adhere to exams instructions.

Any student who is not ready to adhere to the examination conducts is planning to fail. The majority of NECO Candidates that have their result held are from those that were not ready to follow the Exam instructions.

5. Use Your Time Wisely.

It is a well-known fact that NECO Accounting requires a lot of time, manage the little time given to you wisely. Consider the number of questions you are to answer and the time given so that you can time wisely.

6. Be punctual to the examination venue

Punctuality matters during the exams. Go to the exam venue early so that your brain can settle for the task. Rushing to the exam hall will make you unstable for the exam and can prone you to so many mistakes.

Take time to go through the exam question paper before you start answering. NECO Accounting Questions and Answers

If you have any questions about the 2020 NECO Accounting questions and answers, do well to let us know in the comment box.

Last Updated on September 13, 2020 by Admin

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