TODAY ANSWERS ON 2023 NECO GCE BIOLOGY Exam Answers….. 2023 NECO GCE BIOLOGY OBJ AND THEORY ANSWERS WE BE UPLOADED HERE….
The Time Of 2023 NECO GCE BIOLOGY PAPERS
- Biology Paper I (Alternative to Practical) – 2.00 pm – 4.00 pm
2023 NECO GCE BIOLOGY Obj and Theory Answers
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2023 NECO GCE GCE BIOLOGY Essay Answers
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2023 NECO GCE BIOLOGY Exam Answers TO OBJECTIVES (OBJ)
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NECO GCE BIOLOGY Answers
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NECO GCE BIOLOGY PRACTICAL ANSWERS
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NECO GCE BIOLOGY Answers
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Feel free to see the 2023 Waec Gce questions and answers we’ve shared already on Waec Gce F/Accounting for free below. Many students/candidates who regularly visit our site find helpful answers for their subjects. You can get your Waec Gce Financial Accounting for free too.
NECO GCE ACCOUNTING QUESTIONS AND ANSWERS – 25th November 2023
2023 NECO GCE F/ACCOUNTING THEORY QUESTIONS === You can confirm it yourself.
ACCOUNTING OBJ ANSWERS
1-10: EBECDBBCBD
11-20: ADDCBBCCAB
21-30: DEEAADCCDC
31-40: EEBBABCDDC
41-50: ADDAEEABEA
51-60: EBEDEECACC
NECO GCE ACCOUNTING THEORY ANSWERS
(1a)
A control account in financial accounting is a general ledger account that summarizes the total balances or transactions of a subsidiary ledger. It serves as an overview or summary of individual accounts within a specific category, allowing for a more organized and streamlined recording and monitoring of financial transactions.
(1b)
(PICK ANY FOUR)
(i) Non-profit organizations are driven by a specific mission or purpose, often focused on benefiting society or a particular cause.
(ii) Non-profits are restricted from distributing profits or surpluses to individuals or shareholders.
(iii) Non-profits typically rely on donations, grants, or volunteer efforts to support their operations and achieve their goals.
(iv) Non-profits are accountable to their stakeholders, including donors, volunteers, and the public.
(v) Non-profits are often focused on achieving social impact and positive outcomes rather than financial returns.
(vi) Non-profits deliver programs and services that align with their mission.
(vii) Non-profits often qualify for tax-exempt status, meaning they are not required to pay income taxes on their earnings.
(1c)
(PICK ANY SIX)
(i) The control account summarizes the details from the subsidiary ledger.
(ii) Recording financial transactions is simplified through the use of a control account.
(iii) During the reconciliation process, the control account aids in ensuring accuracy.
(iv) The control account streamlines the process of reporting financial information.
(v) The control account provides a comprehensive overview of a specific category’s financial status.
(vi) It is used to reduce clutter in the general ledger by summarizing information from the subsidiary ledger.
(vii) Discrepancies in financial records can be highlighted and addressed through the control account.
(viii) The control account assists in the auditing process by providing a clear summary of transactions.
(ix) The control account tracks the financial position of a specific category or account.
If you’re unsure whether the F/Accounting questions and answers you’ve seen here are the actual 2023 NECO GCE F/Accounting questions and answers, consider verifying with your friends who took the exam. Ask them to share their 2023 NECO GCE F/Accounting questions, and then compare them with the answers we’ve provided to ensure accuracy.
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