Below is this year WAEC syllabus for Book Keeping WAEC (2024/2025), WAEC Book Keeping Syllabus Answers, Today's Book Keeping WAEC Syllabus questions and answers. Please note that this syllabus is for both internal and external candidates
Book Keeping WAEC Syllabus (2024/2025)
Aims and Objectives:
- Acquisition of basic skills required to initiate a business venture.
- Understanding of the principles and functions of bookkeeping.
- Application of fundamental knowledge and skills in Book Keeping to contemporary business practices.
Scheme of Examination:
- Two papers, Papers 1 and 2, to be taken at one sitting.
Paper 1:
- Consists of forty multiple-choice questions to be answered in 50 minutes for 40 marks.
Paper 2:
- Divided into two sections, Sections A and B.
Section A:
- Covers Theory of Book-Keeping and contains four questions. Candidates must answer two for 20 marks.
Section B:
- Focuses on Practice of Book-Keeping and contains five questions. Candidates must answer three for 60 marks. The paper will last 2 hours.
Content Coverage:
- Definition, history, nature, importance, and functions of Book Keeping.
- Career opportunities and beneficiaries of bookkeeping.
- Assets and Liabilities.
- Classification of Accounts: personal accounts (debtors and creditors); Impersonal accounts (real and nominal).
- Source Documents: types, identification, and uses.
- Concepts and Conventions: differences and identification.
- Books of Original Entry: types, format, and preparation.
- Ledger and Principles of Double Entry: classification, uses, and preparation.
- Trial Balance and Errors: functions, rules, and correction methods.
- Financial Statements of Sole Proprietorship: Trading Account, Profit and Loss Account, Balance Sheet.
- Adjustments to Financial Statements: prepayments, accruals, depreciation, bad and doubtful debts.
- Control Accounts: Sales Ledger and Purchases Ledger Control Accounts.
- Single Entry and Incomplete Records: limitations and preparation of final accounts.
- Accounts of Not-For-Profit Making organizations: Receipts and Payments Accounts, Income and Expenditure Account.
- Partnership Accounts: terms, partnership deed, drawings, interest calculations, and preparation of accounts.
- Interpretation of Accounts: computation of ratios.
- Consignment Accounts: terminologies and preparation.
- Hire Purchase: accounts in the seller’s and hirer’s books.
Preparation Tips:
- Understand fundamental concepts thoroughly.
- Practice solving various types of problems from each topic.
- Memorize key definitions and principles.
- Work on time management during the exam.
- Utilize past exam papers and sample questions for practice.
Conclusion:
The Book Keeping syllabus equips candidates with essential skills and knowledge in business accounting. By following the syllabus, candidates can effectively prepare for the WAEC examination and develop proficiency in bookkeeping practices essential for business management and entrepreneurship.
Recommended WAEC Syllabus:
Book keeping WAEC Syllabus Questions and answers Subscription plans:
Subscription for the WAEC 2024 WAEC Book Keeping questions and answers is currently ongoing. Early subscription ensures early treatment and thorough preparation ahead of the exam.
IMPORTANT TIPS:
- For daily and per-subject subscribers, it's recommended to subscribe a day or two before each exam to avoid delays during the exam.
PER PRACTICAL ANSWERS:
- Direct Mobile/SMS: N800 MTN CARD
- WhatsApp PLAN: N700 MTN CARD
- Password/Link: N500 MTN CARD
PER SUBJECT ESSAY & OBJ ANSWERS:
- Direct Mobile/SMS: N800 MTN CARD
- WhatsApp PLAN: N700 MTN CARD
- Password/Link: N500 MTN CARD
MATHEMATICS/ENGLISH ANSWERS:
- Direct Mobile/SMS: N1500 MTN CARD
- WhatsApp PLAN: N1000 MTN CARD
- Password/Link: N800 MTN CARD
To subscribe, send your MTN PIN, Exam with Subject Name, and Phone number to: 09074969983 via TEXT MESSAGE(SMS) or WHATSAPP ONLY.