Waec Gce 2017/18 Geography Sample Questions and Answers
Highlight any three main characteristics of each of the followingsettlement types: village; town.
2: State any four factors which are responsible for the growth of urban centres.
OBSERVATIONS
This was a popular question among the candidates and the performance of most Candidates were good. Such candidates were able to highlight the characteristics of town and village properly. Most of them were also able to state the factors that are responsible for the growth of urban centres.
= [Click Here]2017 WAEC GCE GEOGRAPHY QUESTION AND ANSWER =======
Question 2
Define the following population terms:
census;
mortality rate;
2. family planning.Outline any three problems confronting a country that is overpopulated.
3. Highlight any three ways by which the problem of overpopulation can be solved.
OBSERVATIONS
This was not a popular question among the candidates and most of those who answered the question could not properly answer the (a) aspect of the question.
The expected answer are:
Census – is the official head count of people living in an area at a given time.
Mortality rate – is the number of deaths per thousand of population per year in an area.
Family Planning – This refers to the controlling of the number of children which a
couple can have and care for through adequate spacing and other birth control
measures.
The problems confronting the country that is overpopulated area high dependency ratio,pressure on social amenities, overcrowding, traffic congestion, environmental degradation, pressure on agricultural lands, unemployment, social vices, development of slums/ghettos, waste management problems, shortage of food, increase in crime rate, inadequate housing and high cost of living.
The ways of solving problems of overpopulation include family planning/birth control measures, legislation against early marriages, development of quality manpower, encouragement of education of the man child, industrializing the rural areas, encouragement of education of the female child, industrializing the rural areas, encouragement of emigration, sex education, tax regimes to favour small family sizes, increase in food supply, discouragement of polygamy, stringent immigration laws and development of satellite towns.
======
Question 3
(a) (i) What are local craft industries?
(ii) State any four examples of local craft industries.
(b) Outline any four distinguishing characteristics of local crafts.
(c) Highlight any three reasons why local crafts industries are still
existing in your country.
OBSERVATIONS
This was a popular question among the candidates and their performance in the question was fair. Quite a good number of the candidates were able to correctly define local craft industries as small scale individually or family owned enterprises in which the operators use local skills and simple tools for processing. Many of the candidates were able to give examples of local crafts industries and highlight their distinguishing characteristics. However, some people were not able to highlight the reasons why local crafts industries are still existing in the nation. The expected answers were:
– local availability of raw materials;
– little capital requirement;
– transmission from generation to generation;
– availability of local patronage;
– patronage by foreigners;
– no long period of formal training;
– requires low level of technology;
– does not require big premises;
– source of income;
– could be practised on part time;
– employment generation;
– foreign exchange earnings.
Question 4
Draw a sketch map of Nigeria.
On the map, show and name:
Rivers Niger and Benue;
one zone of sandy soil;
one zone of forest soil;
Lagos.
3. Describe the alluvial soil zone in Nigeria.
4. Outline the importance of alluvial soil zone in Nigeria.
OBSERVATIONS
This is a popular question among the candidates but the aspect of map work was poorly answered by the candidates. The aspect on description of the alluvial soil was rightly described as a soil that was formed through deposition, found on coastal areas and flood plains, are poorly drained most times, usually greyish in colour, not possessing well defined horizons, usually fertile for cultivation of vegetables, naturally covered by grasses, sticky and water logging.
The importance of alluvial soils in Nigeria include: could be extracted for construction, used for arable farming, provides base for port construction, used for pedelogical research, provide site for the construction of human settlement; produce raw materials for local crafts industries and base for alluvial gold.
1. Draw an outline map of Nigeria.On the map, mark and name
Two areas of low population density;
Two areas of high population density;
One town in one of the high population density areas shown in a (ii) above.
Highlight any three problems associated with high population density in Nigeria.
Explain the ways of solving any two of the problems of population density highlighted in 5(b) above.
This was a very popular question among the candidates and most of the candidates who answered the question performed well. Such candidates were able to correctly locate two areas of high and two areas of low population density and one town in one area of high population density. The problem of high population density such as inadequate housing, development of slums, pollution, traffic congestion, high crime rate, unemployment, high cost of living, deterioration of infrastructure, pressure on social amenities, social vices, problems of waste management, high cost of land, food shortages and pressure on natural resources were properly highlighted by most of the candidates who answered the question.
The ways of solving problems of high population density were properly highlighted by most of the candidates who answered the questions. Some of the answers provided by the candidates included provision of housing, urban renewal, pollution control, traffic management, crime control, employment creation, infrastructural development, family planning, encouragement of emigration, land use legislation, improvement in standard of living and stringent immigration laws.
======
Question 6
Write a geographical description of Chad Basin under the following:
relief and drainage;
people, population and settlement;
economic activities;
problems of development.
OBSERVATIONS
This was not a popular question among the candidates. Majority of the candidates who chose the question performed poorly. The expected answer on the relief and drainage of the Chad Basin are: The Basin is generally a lowland area, with elevation of between 45-60 metres above mean sea level; the rock type is Sedimentary, the area is drained by big rivers like the Rivers Hadeija, Yobe, Gana and Yedseram which all drain into Lake Chad. The aspect of the question on people population and settlement was poorly answered by some candidates. The correct answers include the major ethnic groups are the Kanuri, Shuwa, Hausa and Fulani; the settlements are dispersed, the population density is low, while major towns include Maiduguri, Kukawa, Gashau and Dikwa.
The major economic activities of inhabitants in the area are animal rearing, farming, fishing, trading, transport services and civil service occupations. The problems of development of the area are low rainfall of about 50-65 cm, high temperature of about 40ºC, unreliable rainfall, desert encroachment, dune migration and drought.
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[Click Here]2017 WAEC GCE GEOGRAPHY QUESTION AND ANSWER=======
Question 7
Describe the savannah belt of Africa under the following headings:
location;
vegetation characteristics;
uses.
OBSERVATIONS
This was not a popular question and most of the candidates who attempted the question performed poorly. The location of the Savannah belts of Africa include the middle belt of West Africa, the Guinea and Sudan Savannah zones of northern Africa, Southern part of Zaire and Congo Basins, areas around the High Verde. The vegetation characteristics are: the vegetation is made up of deciduous vegetation, tall and short grasses like the carpet grasses, the elephant grasses, spear grasses etc. The trees are scattered and xerophytic in nature. The uses of the vegetation are medicinal, construction, source of pasture for livestock, local crafts etc.
=======
Question 8
Highlight five characteristics of plantation agriculture in West Africa.
State any five advantages of plantation agriculture in West Africa.
OBSERVATIONS
The question was quite popular among the candidates and their performance in the question was quite good
NECO May/June 2016/17 Agricultural Science Practical Questions & Answers Here
A-headpan
B-garden line
C-knapsack sprayer
D-fishing basket
1b)
Parts of specimen C
I) nozzle
ii) tank
1c)
Functions Of C.
I)It is used as insecticide for killing insects.
More loading
1di) Use of Specimen A.
For carrying mixtures to and fro farm land
ii) Use of specimen B.
For making label on certain area of farm land.
iii) use of specimen D
It is used for cashing fishes
1e)
Specimen A.
i) It should be kept in a cool place after use.
ii) proper cleaning after use.
iii) It should not be exposed to rain
================================
2a)
E is NPK
F is poultry dropping
2b)
i)Calcium
ii)Iron
2ci)
i)It increase the activity of bacteria
2cii)
i)It increase soil nutrients
2di)
i)It adds acidic content to the soil
2dii)
i)It leads to hard pan of the soil
2e)
i)ensure that soil is moist before application
ii)Mix it during nursery bed preparations
2f)
i)Broadcasting
ii)Ring method
iii)Side placement
2g)
i)Compost manure
ii)Farm yard manure
====================================================
3a)
G is Irish potato
H is Ginger
I is onions
J is coco yam
K is banana
3b)
i)tubers
ii)Rhizomes
iii)bulb
iv)setts
3c)
I is vitamin
J is carbohydrates
3d)
i)Source of income
ii)It is used as a stimulant
3e)
i)good variety is maintained
ii)Disease free
================================
(4ai)
L is an Ear Tag
(4aii)
M is animal skin
(4bi)
Cattle
(4bii)
Horse
(4c)
For identifying of breed
(4di)
Colouring
Tattooing
Ear notching
(4e)
Excretory
Water Regulation
Osmo regulation
Protection of the body organs
(4f)
For making furniture's and design
For making drum
For making shoe
For making clothes and desing
Waec 2016/2017 Commerce (Obj & Theory) Answers Now Available
COMMERCE OBJ
1-10: BDBDCBADBA
11-20: CDACBCDCDB
21-30: BDADBABDCA
31-40: CCDCDCCAAA
41-50: BBDADCCADD
No.3a)
(i) The wholesaler as a wealthy trader, gives credit facilities to the retailer.
(ii) The wholesaler act as a guarantor and referee to the retailer when he (the retailer) is dealing with the other businessmen.
(iii) As an expert in business, the wholesaler advises the retailer.
(iv) The wholesler acts as a useful link that connects the retailer to the manufacturer.
3b) LITTLE CAPITAL: Small scale retail trade requires little capital to go into business.(ii) SMALL QUANTITIES: They are able to sell in the smallest quantity. eg: Sugar could be sold in cubes.(iii) LOW OVERHEAD COST: He usually does not incur too much overhead cost like renting a big store.(iv) LONG HOURS OF BUSINESS: The tend to operate till late hours. Customers can defer their purchase till later.(v) ASSISTANCE FROM FAMILY: The small rtailer can easily get financial labour assistance from family members.
8a)
Turn over is the total net sales of any business within a given period of time minus the cost of goods returned back to the business.
8b)
i)Goodwill and reputation of the businessman;-A businessman with a good reputation,and who has the good will of being honest,polite,sound public relations,gives prompt services,always has the advantage of high customers patronage
ii) Advertising and sales promotion;-Business that utilizes advertising and sales promotion extensively records a high rate of turn over than others.
iii)Pricing techniques;- Business that applies low pricing techniques enjoys high rate of turnover than those with high pricing techniques.
iv)Use of credit facilities;-where a businessman grants credit facilities to customers,he will sale more,than where credit facilities are not offered to customers.
v)Location of business;-well located businesses especially those located in busy centres,hearts of the cities knonw by such businesses are bound to record hugh rate of turnover than others
vi)Seasonal goods record high rate of turnover during season and records very low rate of turnover during off season.
============================
2a)
i)It requires few sales attendant.
ii)it allows customer to do their shopping in a shop with little sales attendant.
iii)security man stand at the gate of a shop that adopt self service for pilfering.
iv)goods are conspiciously arranged and displayed on the shalves of the shop.
v)goods are neatly arranged and displayed on the shelves in order to encourage impuls buying and increase sales
2b)
i)It encourages impulse buying which increase sales
ii)self service quicken customers shopping
iii)self service leads to low price of goods.
iv)it gives customer the chance to make their choice without being confused into buying what they do not want to buy.
v)fewer sales assistance have to be employed bore thereby cutting cost.
2c)
i)it is used as basis for planning
ii)it is a sign of viability of business enterprises
iii)it gies investors d inside strength of the business organisation
iv)its used in measuring the firms capability in paying its debt
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No 4
-Marine insurance covers the loss or damage of ships, cargo, terminals, and any transport or cargo by which property is transferred,
acquired, or held between the points of origin and final destination. Cargo insurance —
discussed here — is a sub-branch of marine
insurance, though Marine also includes
Onshore and Offshore exposed property, container terminals ports, oil platforms pipelines), Hull, Marine Casualty, and Marine
Liability. When goods are transported by mail or courier, shipping insurance is used instead.
-accidental death and
dismemberment (AD&D) is a policy that pays benefits to the beneficiary if the cause of death is an accident. This is a limited form of life insurance which is generally less
expensive.
- Group insurance is an insurance that covers a
defined group of people, for example the
members of a society or professional
association, or the employees of a particular
employer. Group coverage can help reduce
the problem of adverse selection by creating
a pool of people eligible to purchase insurance
who belong to the group for reasons other than the wish to buy insurance, which might be because they are a worse than average
risk.Group insurance may offer life insurance, health insurance, and/or some other types of
personal insurance.
- Fidelity Guarantee insurance is an insurance policy designed to indemnify the Insured (the employer) for the loss of money or property
sustained as a direct result of acts of fraud,
theft or dishonesty by an employee in the
course of employment.
- Consequential loss is considered an indirect
loss (as compared to losses from the direct
damage). Direct damages would be covered under different types of insurance, such as
property/casual or fire insurance, but the firm
still incurs the costs of lost operations.
Q1
i). Commerce tries to satisfy increasing human wants
Human wants are never ending. They can be classified as 'Basic wants' and 'Secondary wants'. Commerce has made distribution and movement of goods possible from one part of the world to the other. Today we can buy anything produced anywhere in the world. This has in turn enabled man to satisfy his innumerable wants and thereby promoting social welfare.
ii). Commerce helps to increase our standard of living
Standard of living refers to quality of life enjoyed by the members of a society. When man consumes more products his standard of living improves. To consume a variety of goods he must be able to secure them first. Commerce helps us to get what we want at right time, right place and at right price and thus helps in improving our standard of living.
iii). Commerce links producers and consumers
Production is meant for ultimate consumption. Commerce makes possible to link producers and consumers through retailers and wholesalers and also through the aids to trade. Consumers get information about different goods through advertisements and salesmanship. The manufacturers are regularly informed about the likes and dislikes of the consumers through marketing research. Thus commerce creates contact between the centers of production and consumption and links them.
iv). Commerce generates employment opportunities
The growth of commerce, industry and trade bring about the growth of agencies of trade such as banking, transport, warehousing, advertising, etc. These agencies need people to look after their functioning. Increase in production results in increasing demand, which further results in boosting employment opportunities. Thus development of commerce generates more and more employment opportunities for millions of people in a country.
v) Commerce increases national income and wealth
When production increases, national income also increases. In a developed country, manufacturing industries and commerce together accounts for nearly 80% of total national income. It also helps to earn foreign exchange by way of exports and duties levied on imports. Thus, commerce increases the national income and wealth of a nation.
Waec 2016/2017 Agricultural Science (Obj & Theory) Answers Available
2016 WAEC AGRIC THEORY ASPECTS...
AGRIC OBJ:
1BBCDBBBADC
11DBACACCDCC
21AACBDDBBCA
31CCBBBCBADB
41DBCCDADBBD
2a)
Farm surveying can be defined as the act of determining the dimension of a farm land ie the length,breadth,soil type ,structure etc in order to
determine its viability for farm production
2b)
-Its shock can lead to fatal injury
-It is unreliable in most developing nations
-It is sometimes expensive to maintain
-It cannot be used for most driven engines
2c)
-To give an efficient work output
-To maintain lengthy lifespan
-To reduce cost of maintenance
-To avoid incessant breakdown
2d)
Land is any land that is used for either cultivation of crops or rearing of animal for human use and consumption
2e)
-Population pressure:High population pressure creates a problrm of inadequate land availability for farm production
-Minning brings more pressure on agricultural land use because it destroys farm lands
-A good topography encourages more agricultural land use
1a)
tabulate(make a table)
Substitence:
-Requires low capital
-Requires family labour
-Require small area of land
-Low farm output
-Requires low technical know how
Commercial:
-Requires high capital
-Requires mechanized farming
-Requires large area of land
-High farm input
-Requires high technical know how
1b)
i)Inadequate Land:
-Prohibition of land tenure system by government
-Leasing of land by government to farmers at subsidized prices
ii)Inadequate finance:
-Provision of loans to farmers at low interest rate by commercial banks
-Provision of farm inputs at subsidized prices by government
iii)-Practising of crop rotation
-By using disease resistant varieties
1c)
Agricultural ecology is the agricultural environment on how they affect agricultural production
1d)
Sewage,Refuse,Oil spillage,Fertilizer and drains
3a)
Staking is when yam is staked with strong stick or bamboo to ensure adequate exposure of the leaf surface to sunlight and increases yield
3b)
The nusery needs of spacing 20cm x 20cm on a field of 3mx3m on a loamy soil containing organic matter in a filled up polythene bags.The
seeds are sown with shade to prevent it from direct heating by the sun and water and weeding is done twice daily or every morning/evening
3c)
-To reduce the breakage of grains
-It helps to bring vitamins to the outer layer of the grains
-It reduces the labour requirement to remove husk
-It saves time
3d)
Advantages:
-It helps to increase the farmers income and standard of living
-It gives access to forest product
-It creates employment opportunities
Disadvantages:
-Cultivation of selected crops
-Reluctance in releasing fertile soil
4a)
-Artificial insemination:Is the process by which semen of a desired male animal is inserted into the vulva of the female ie no physical contact
between two animals
-Pen mating:Is the one which a group of male and female animals are allowed to mate at random without any preference
-Individual mating:The farmer selects the mate and female animals to be material with preference
4b)
DRAW THE DIAGRAM
4c)
-They give beauty to the environment
-They provide capital when sold
-They help reduce green house effect
-They are used for decoration purposes
-They encourage pollination
6a)
Print:
-Hand bills
-Journals
-Posters
Electronic media:
-Radio
-Television
-Video projection
6b)
-Large number of farmers can be covered
-It reduces cost of disseminating information compare to individual contact
-Energy and time of agricult5ural extension agent can be saved
-Diverse idea can be sourced through question and answers from people
6c)
Assembling as a marketing function:This is a situation whereby goods have already been purchased.It is a function that is different fom buying
6d)
Maize streak:
-It can be controlled by planting resistance varieties
-By use of insecticides
Groundnut rusettes:
-It can be controlled by planting resistance varieties
-It can be controlled through application of chemicals
....GOOD LUCK....
Waec 2016/2017 Literature in English (Drama & Poetry) Theory & Obj Answers Now Available
NO 8
Mrs hardescetle is regarded as the matriach of the hardcastle family in the play. she is the mother of tony who coddles her son, loves and overprotects him. she fails to tell her son that he is of age and eligible to 1500 pounds a year. she yearns to simple life in high society unlike her husband. according to the play, Mrs hardcastle values material possessions and hopes to match her son(tony) with her niece(constance neville) in order to keep her niece's is indeed very corrupt abd character provides some of the needed items for comedy in the play. from the play, it is seem that mrs Hardecastle is partly selfish. she wants Neville to m,arry her son to keep the fewels in the family. she is certainly unaware of the fact that despise each opther and that Neville is already in love with hastings and that
No 9)
In the poem,there is a conflict of cultures between the ancient native life and European imperialism.the cultures symbolically represented by piano and drums respectively.African culture is depicted as simple and natural. Though,it is characterized by mysteries which are understandable. It is unlike the European culture identified with modernity,sophisticated but complicated. African culture is portrayed as attractive for its innocence and simplicity.on the other hand, with phrases like"waiting","solo-speaking" and "tear-furrowed". the impression is given that European culture has several shortcomings.However,we are told that it is "coaxing"as the music from the piano moves in different tonal directions,which suggest some form of attraction.for the poet,it is a culture difficult to understand.
No (12)
Thou art more lovely and more temperate: Rough winds do shake the darling buds of May, And Summer’s lease hath all too short a date: Sometime too hot the eye of heaven shines, And oft’ is his gold complexion dimm’d; And every fair from fair sometime declines, By chance or nature’s changing course untrimm’d: But thy eternal Summer shall not fade Nor lose possession of that fair thou owest; Nor shall Death brag thou wanderest in his shade, When in eternal lines to time thou growest: So long as men can breathe, or eyes can see, So long lives this, and this gives life to thee.
No (3)
The play revolves mostly around Aloho, a naïve and jobless university undergraduate who is desperately searching for a job. She meets Ochuole, a notorious old school mate of hers who is the Chief Administrative Officer at the Ministry of External Relations. Ochuole offers to help her secure a job by speaking with the Honourable Minister of External Relations, Chief Ade Haladu-Amaka on her behalf. Aloho is offered a job as one of Chief Ade Haladu-Amaka’s protocol officers. However, she does not know that Ochuole is actually being used by the Chief to perpetrate criminal activities especially drug trafficking. Madam Hoha’s hotel is the hideout for these criminal activities. Chief Ade Haladu-Amaka gives Aloho a package containing hard drugs to deliver in the United States of America. Aloho unknowingly accepts the package and gets arrested at the airport by drug law enforcement officers. Chief Ade Haladu-Amaka bribes the judge and the prosecutors to set Aloho free. Upon Aloho’s release from detention, she discovers she is pregnant for Chief Ade Haladu-Amaka. She makes futile attempts to abort the pregnancy and eventually dies while giving birth to the child. Meanwhile, a honest police officer, ACP Yakubu initiates investigations into allegations of embezzlement of the sum of One point two billion naira embezzled by Chief Ade Haladu Amaka. Ayo, a clerk in the office of Chief provides necessary documents to the police to unravel the crime after receiving a bribe. Ogeyi, Aloho’s friend seeks justice by reporting Chief to the police. Justice prevails in the end as all the corrupt characters are punished and made to pay for the crimes committed.
Waec 2016/17 Biology 3 Practical (Alternative A) Questions & Answers Now Available
Observation:Blue black colouration is observed
Result:Starch is present
1aii)
Observation:No colour change is observed
Result:Starch is present
1bi)
TABULATE
Specimen A:
-Mould is absent
-Sporangium is absent
Specimen B:
-Mould is present
-Sporangium is absent
1bii)
-Presence of moisture
-Suitable temperature for the growth of mould
1biii)
-Mould
1biv)
Saprophytic
1ci)
1cii)
Yolk:Supply nutrient to the embryo
Air space:Provide air for the developing embryo
Shell:Give shape and protection to the embryo
Chalaza:Hold and suspend the embryo in position
2a)
H-Below the abdomen
K-Thoracic cavity
M-Below the abdomen
2bi)
-Bile
2bii)
-Emulsification of fat
-Digestion of fats and oil
2biii)
Specimen H
2ci)
TABULATE
Specimen H/Liver:
-Dark red in colour
-Hepatic vein present
-Divides into lobes
Specimen K/Lungs:
-Bright red in colour
-Hepatic vein absent
-Lobes present
2cii)
-Thin membrane allow easy diffusion of oxygen and
carbondioxide
-Moist surface for dissolving gases
-Large surface area for exchange of gases
2d)
K-It is used for respiration
M-It is used for excretion in animals
2e)
4ai)
S-aquatic habitat
U-Terestial habitat
W-Terestial habitat
4aii)
S-Amphibian
U-Reptilia
W-Insecta
4bi)
-Both have heag
-Both have eyes
-Both have digits
-Both have fore and hind limbs
4bii)
TABULATE
Speciman S:
-Tail absent
-Nuchal crest absent
-Gular fold absent
-Scales absent
-Has moist skin
Specimen U:
-Tail present
-Nuchal crest present
-Gular fold present
-Scales present
-Has dry skin
4ci)
-Male
4cii)
-Has brightly coloured part
-Nuchal crest present
-Gular fold present
4d)
-Body colour blend with surrounding for camouflage
-Short stout fore limbs acts as shock absorber for landing
-Long, stron hindlimbs for hopping on land
-Long tongue attached to the front lip for easy catching of
prey
-Buldging eyes to see above water when body is submerged
4e)
Spec T->Spec W->Spec S
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Waec 2016/2017 Book Keeping Theory & Obj Questions and Answers runs/expo posted free
VERIFIED OBJ ANSWERS.
BOOK KEEPING OBJ:
1-10: AACCBBCCCC
11-20: DCBAABBABB
21-30: AACDBABCDD
31-40: BACCCACAAA
Book keeping theory answers
1a)Final accounts give a concise idea about the profitability and financial position of a business to its management, owners, and other interested parties. All business transactions are first recorded in a journal. They are then transferred to a ledger and balanced. These final tallies are prepared for a specific period. The preparation of a final accounting is the last stage of the accounting cycle.
1bi) 1.Trade discount is given on the catalog price of the goods, while the cash discount is given on the invoice price.
2.Trade discount is granted with the aim of increasing the sales in bulk quantity, whereas Cash discount is granted to facilitate a quick payment.
3.Trade discount is allowed to all customers, while the Cash discount is allowed to those customers, who purchase goods in cash.
4.In case of Trade Discount, no entry is made in the books of accounts, while the proper entry is made in the books of accounts for the cash discount. 5.Trade discount is allowed at the time of purchase, while the cash discount is allowed at the time when the payment is done.
(2a)
Bad debts refers to account or trade accounts receivable that will not be collected. However, bad debts can also refer to notes receivable that will not be collected.
(2b)
The provision for doubtful debts is the estimated amount of bad debt that will arise from accounts receivable that have been issued but not yet collected. It is identical to the allowance for doubtful accounts.
(2c)
Accrued income is the income that is earned in a fund or by company by providing a service or selling a product, but has yet to be received. Mutual funds or other pooled assets that accumulate income over a period of time but only pay it out to shareholders once a year are, by definition, accruing their income.
(2d)
Prepaid expenses are future expenses that have been paid in advance. You can think of prepaid expenses as costs that have been paid but have not yet been used up or have not yet expired. The amount of prepaid expenses that have not yet expired are reported on a company's balance sheet as an asset.
(2e)
An accrued expense is an accounting expense recognized in the books before it is paid for. It is a liability, and is usually current. These expenses are typically periodic and documented on a company's balance sheet due to the high probability that they will be collected.
3a) Source document is the original record containing the details to substantiate a transaction entered in an accounting system. For example, a company's source document for the recording of merchandise purchased is the supplier's invoice supported by the company's purchase order and receiving ticket.
3b)
1.Quotation
2.Purchase Order
3.Sales Order
4.Credit Note
5.Invoice
6.Debit Note
7.Goods Dispatch Note
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Waec 2016/17 Economics Objective & Theory Answers Now Available
1-10: DBACABADCC
11-20: AABBAAABAB
21-30: CADCCDADCC
31-40: CCCBDACCAA
41-50: ABDBBBBCDB
++++++++++++++++++++++++++
(2a)
R=19-10=9
6=p-19
P=6+19=25
S=31-30=1
Q-31=0
Q=31
therefore, P=25, Q=31, R=9, S=1
(2b) At level 6 where total utility is 31. This is when
marginal utility is zero and point of satiety is reached
(2c)
draw diagram
(2d)
law of diminishing marginal utility states that as more and
more unit of a commodity is consumed, there is a
tendency for marginal utility ti decrease as total utility
increases
(3a)
Production possibility curve is a graphical representation
which shows how one good can be transformed into
another good by cutting down on the output of first good
and transferring the resources to production
(3b)
DRAW THE PRODUCTION POSSIBILITY CURVE
(3c)
-Inability to increase the available resources because the
resources are fixed
-Lack of economy in terms of cost of producing at the
point A
(3d)
Production possibility is negatively sloped because to
increase the production of one commodity,a certain unit of
the other commodity must be given up.There is an inverse
relationship in production of the combined goods
(4a)
-Peasant farming:This is the type of farming which is
concerned with the production of food for the farmer and
his family.A peasant farmer cultivates crops and rears
animals in order to produce food for himself and his
family only.The practice requires a small area of
land,while family labour is employed
-Cooperative farming:This is the type of farming in which
famers come together to enable them enjoy some
incentives from government such incentives include
loans,subsidies,inputs such as fertilizer and easy disposal
of their products through organised markets
(4b)
-Provision of credit facilities to peasant farmers
-Provision of farm inputs such as improved varieties of
seed
-Provision of extension services
-Provision of agricultural education
-Provision of storage processing facilities
(5a)
Price elasticity of supply (PES or Es) is a measure used in
economics to show the responsiveness, or elasticity, of the
quantity supplied of a good or service to a change in its
price.
(5b)
(i)In Joint supply two or more commodities are produced
and supplied from one or more sources, while in
competitive supply two or more commodities are supplied
to serve as substitute.
(ii)In joint supply and increase in the production and
supply of one commodities will bring about an increase in
the production and supply of the commodity, whereas in
competitive supply a commodity is supplied for d
satisfaction of a particular want
(5c)
(i)Cost of production: the cost of production normally
leads to elasticity
(ii)Nature of commodity: perishable goods are elastic in
supply due to their nature
(iii)Cost of storage: producers will supply all their
commodities to the market if the cost of storage is high
thereby leading to elasticity
(iv)Market forces: this determines whether supply will
increase or not
(8a)
Gross Domestic product measures the value of total
production attributes to all factors of production that are
located in the territory of a given country.
(8b)
Gross national product:when necessary adjustment for the
the surplus of a nation on its current account with the rest
of the world has been made, the resulting figure is called
the gross national product(GNP)
(8c)
cost of living is the aggregate amount of money which a
person spends to provide himself the need, usually over a
period of one year
(8d)per capital income is obtained by dividing the total
national income by the total population
(8e)standard of living: when per capita income is
calculated, what you get determines whether the standard
of living is high or low. the higher the quotient, the
higher the standard of living, all things being equal.
Waec 2016/17 Agricultural Science 3 Practical Answers Posted For Free
WAEC 2016 AGRIC SCIENCE SPECIMENS SOLUTION
4a)
N
-Animal feed industry
-ceramic Industry
-pharmaceutical industry
O
-paint industries
-pharmaceutical industries
-cosmetic industries
(4b)
-it causes loss of weight
-it causes loss of appetite
-it causes anaemia
-it damages some internal organs
-it prevent respiration
(4c)
-by dipping the animal
-by drenching
-by clearing bushes around
-by giving the animal injection
1a)
Experiment to compare the porosity and water holding capacity
1b)
Grind loam and clay soil into fine particles, after drying in the sun. Equal masses of the dry, dry clay and dry loam are place separately into three funnels which are blocked at the neck with cotton wool. The three funnels containing different types of soil are then placed on top of the three measuring cylinders. Then quickly pour equal amount of water into the funnels, containing each soil type. Then leave for an hour
1c)
i)Loamy
ii)Sandy
iii)Clay
1d)
i)I will ensure th three funnels containing different types of soil are placed on top of the three measuring cylinders
ii)I will ensure equal amount of water is quickly poured into the funnels containing th soil type
1e)
-sandy soil
Because the porosity is high in sandy soil because of large pores spaces and larger particles sizes
=================================
3ai)
G is a grasshopper H is a bean beetle 3aii. Vegetables are damaged by G Grasshoppers and beans are damaged by H bean beetle
3aii)specimen G
i)Blossoms, Stems
3aiii)Agricultural importance of sp-H
i. It reduces the market value of crops.
ii. It lead to loss in viability.
iii. It reduces the quality of bean.
iv. It reduces the quantity of the crops.
v. It destroy the beab embryo.
vi. It reduces nutritional value.
3d)
Specimen I
Control of sp-I
I. The use of bird scaring materials in form of statue to scare them away.
ii. The use of traps.
ii)Use Of Pesticides to kill them.
iv)
3dii)
Specimen J
i)Use of pesticides.
ii)Blocking of holes or leakages they used in entering farm lands.
iii)Setting traps to catch them.
2a) Specimen A_ Ranging pole.
SP A- RANGING POLE
Reason.
(i) it is made of wood with pointed steel ends.
(ii)it is painted white and red.
(iii)it is about 2m long.
Uses.
(I) it is used to remark distance .
(ii)it is used to mark definite points.
(iii)it is used to achieve straight lines.
(iv)it can also help to determine right angles during surveying.
Maintenance.
(i)clean thoroughly after used.
(ii)keep away from moisture.
(iii)keep away from termites
SP B-SURVEY PINS
Reasons.
(I)it is thin and pointed metals.
(ii)one end is curved into a ring.
(iii)A red colour cloth is attached to it.
Uses.
(i)it is used for marking of chain length during chaining.
(ii)it may be used for marking stations.
Precautions/maintenance.
(i)it should be clean properly after used.
(ii)it should be stored in a good place.
(iii)it should be kept away from moisture.
SP C-MEASURING TAPE.
Reasons.
(i)it is made of steel.
Uses.
(i)it is used for measuring short distances.
(ii)it is more accurate than gunter's chain. Precautions/maintenance.
(i)clean properly after used.
(ii)dry properly to avoid rust.
(iii)it should be kept away from moisture.
(iv)store in good place.
SPECIMEN A, B, C ARE INSTRUMENT USE IN LAND SURVEY.
SP D-WHEEL BARROW
Reasons.
(I)it has only one tyre at the front.
(ii)it has two handles.
(iii)it has a basin-like material at the center.
Uses.
(i)it is used for packing harvested crops.
(ii)it is used for packing manure and fertilizer.
(iii)it is used for packing rubbish from farm.
(iv)it can be used for keeping other tools.
(v)it can be used during transplanting.
Precaution/maintenance.
(i)wash and dry thoroughly after used.
(ii)tight the wheel regularly.
(iii)keep away from moist to avoid rust.
SP E-SICKLE.
Reasons.
(I)it has a question mark shape.
(ii)it has a metal blade.
(iii)it has a metal wooden handle.
(iv)it is very short.
Uses.
(I)it is used for harvesting rice and wheat.
(ii)it is used for cutting grasses used for feeding animals(forage).
(iii)it is used for harvesting fruit(cocoa).
Precautions/maintainance.
(I)sharp properly when blunt.
(ii)keep properly from termites.
(iii)dry properly to avoid rust.
(iv)keep in dry place after used.
SP E-HAND TROWEL.
Reasons.
(i)it has a curved blade.
(ii)it had a wooden handle.
(iii)it is short.
Uses.
(i)for transplanting seedlings.
(ii)for planting of seed.
(iii)it can be used for shallow digging.
(iv)it is used for mixing manures.
(v)it can be used for minor weeding.
Precautions/maintenance.
(i)wash and clean properly after used.
(ii)dry properly after used.
(iii)keep away from termites.
SP G-GRASSHOPPER.
Agricultural importance of sp-G
(i)reduces the market value of crops.
(ii)it causes low yield of crops.
(iii)it reduces photosynthesis by defoliation.
(iv)it retards growth of plants.
(v)it opens up wounds for the entry of diseases organism.
(vi)it increase cost of production.
(vii)it reduces the nutritional values of crops.
Control of sp-G
I.hand picking
ii. Use of insecticides
iii. Use of crop rotation
iv. Bush burning
v. Regular weeding and proper sanitation.
SP H-BEAN WEEVIL.
Agricultural importance of sp-H
i. It reduces the market value of crops.
ii. It lead to loss in viability.
iii. It reduces the quality of bean.
iv. It reduces the quantity of the crops.
v. It destroy the beab embryo.
vi. It reduces nutritional value.
Control of sp-H.
i. Thresh as soon as harvested.
ii. Ensure hygienic storage.
iii. Fumigate with phosphine under gas-proof sheet.
SP I-BIRD.
Economic/Agricultural importance.
i. It destroy crops.
ii. It eats up crop fruits.
iii. It reduces the market value of crops
iv. It reduce the qualities of crops.
v. It reduces the quantity of crops.
Control of sp-I
I. The use of bird scaring.
ii. The use of traps.
SP J-RAT
Importance/Uses.
i. It destroy both field and store products.
ii. It eats up tubers, roots and seeds.
iii. They cause damage to crops.
Below Is The Specimen.
AGRICULTURAL SCIENCE
SPECIMENS
___________________________
Agric Science Waec SPECIMEN
2016 AGRIC PRACTICAL SPECIMENS(Complete)
A: RANGING POLE ;
B: SURVEY PIN;
C: MEASURING TAPE ;
D: WHEELBARROW ;
E: SICKLE ;
F: HAND TROWEL
G: GRASSHOPPER
H: BEAN BEETLE
I: BIRD
J: RAT
K: FUR
L: SKIN
M: HORN
N: BONE
O: EGG
P: ROUND WORM
Q: TICK
R: LOUSE
S: TAPEWORM
T: WATER LEAVES
U: GUINEA GRASS
I wish you all success.
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Waec 2016/17 Mathematics Objective & Theory Answers Now Available
x+46+180-x+28=180
254-x=180
x=254-180
x=74degrees
(3b)
h=7cm
T=462cm^2
T=pie sqr + 2 pie rH
462= pie( r ^2 +2*7*r)
462/3.142
=r sqr= =14r
r sqr+ 14r=147
r sqr +14r- 147=0
r= 14+-( (sqr(14))-4*1*147)/2*1
r=-(14 +-(196-4))/2
r=(-14+_12)/2
r=(-14+12)/2 or
r=2/2
=1cm
1a)
(0.09*1.21)/(3.3*0.00025)
=(9*10^-2*1.2*10^1)/(3.3*25*10^-5)
=(1089^10^-4)/(82.5*10^-5)
=1.32*10^(-4+6)
=1.32*10^2
1b)
p=5600,T=3,A=1200+5600=6800
A=P(1+R/100)^3
6800=5600(1+R/100)^3
(1+R/100)^3=6800/5600
(1+R/100)^3=1.214
1+R/100=cuberoot(1.214)
1+R/100=1.0667
R/100=1.0667-1
R/100=0.0667
R=0.0667*100
R=66.7%
Given (3p+4q)/(3p-4q) = 2
3p+4q=2*(3p-4q)
3p+4q=6p-8q
3p-6p=-4q-8q
=-3p=-12q
p/q=-12/-3
p/q=4/1, P=4, q=1
p:q=4;1
(11b)
(i)
perimeter(p)=PQ+PU+QR
PQ=UT+TS+SR
34=PQ+UR+4+4
PQ=UR
34-8=2PQ
PQ=26/2=13cm
(ii)
13=2+TS+2
TS=13-4=9cm
radius®=9/2=4.5cm
Area(A)= pie r sqr+22/7*(4.5)^2
=445.5/7
63.64cm^2
(8a)
diagram
z=110 degree(sum of angles on a straight line)
z=180-110
z=70 dgree
w degree= 70 degree
x+r+w degree= 180 degree(sum of angle in a triangle)
x+2x+70 degree=180 degree
3x=110
x=110/3=36.7 dgeree
(8b)
B=10, G=12
TB=600.00
TB=TG+600
mean of TB=100+ mean of TG
where TB= total collection of boys
TG=total collection by girls
mean of TB= ET/B
mean of TB= (TG+600)/10
100+ mean of TG= (TG+600)/100
mean of TG= mean of TG/12
100+ mean of G/12= (TG+600)/10
(100+TG)/12=(TG+600)/10
10*(1200+TG)=12*(TG+600)
=12000+10TG=12TG+7200
=12TG-10TG=12000-7200
2TG=4800
TG=N2400
TB=TG+600
TB=600+2400
Tb=N3000
(6a)
first term9a)=1.0=1
common diff(d)=3-1=2
last term(L)=101
L=a+(n-1)d
101=1+(n-1)*2
(n-1)*2=100
n-1=100/2
n-1=50
n=501+1
n=51
sum(s)=n/2(2a+(n-1)d)
S=51/2(2*1+(51-1)*2)
s=25.5(2+100)
S=25.5*102=2601
(6b)
UC=95
Bus & Train(B&T)=7
Train & Car( T & C)=3
B&T&C=8
Bus only(x)=B&C only
Bus(b)=47
train(T)=30
(draw the venn diagram)
Bus only= 47-(7+8+x)
x=47-15+x
47=x+x+7+8
47=2x+15
2x=47-15
2x=32
x=32/2
=16
Train only= 30-(7+8+2)
=30-18=12
(6bi)=x=16
(6bii)
number who travelled by at leasttwo means
=7+1+3+8
=19
(7a)
given;
(x-2)/4=(x+2)/2x
2x*(x-2)=4*(x+2)
2x^2 -4x= 4x+8
2x^2-4x-4x-8=0
2x^2-8x-8=0
x^2-4x-4=0
x^2-4x=4
x^2-(4* 1/2)=4+(2)^2
(x-2)^2=4+4
(x-2)^2=8
(x-2)= sqr root
x-2=+-2.83
x=+-2.83
x=+_2.83+2
x=-2.83+2
x=4.83 or x=-0.83
(7b)
P+Q+S=180 degree(sum of angles in a triangle)
52 degree+ 90 degree+ S= 180 degree
142+ S=180
S=180-142
S=38 degree
(i)52+38+SQT
=180 degree
SQT=180-90
SQT=90 degree
(ii)PQT= 52 degree
(3b)
h=7cm
T=462cm^2
T=pie sqr + 2 pie rH
462= pie( r ^2 +2*7*r)
462/3.142
=r sqr= =14r
r sqr+ 14r=147
r sqr +14r- 147=0
r= 14+-( (sqr(14))-4*1*147)/2*1
r=-(14 +-(196-4))/2
r=(-14+_12)/2
r=(-14+12)/2 or
r=2/2
=1cm
(4a)
Pr(3)=x/total
total=25+30+x+28+40+32
=155+x
0.225=x/155+ x
=34.875+0.225x=x
x-0.225x=34.875
=0.775x=34.875 degree
x=34.875/0.775
=45
(4b)
Pr(even)=30+28+40+32
=90
Pr(even)=90/200=9/20
Pr(prime no)=25=30+45+40
=140
Pr(prime no)=140/200=14/20
Pr(even or prime)=9/20 + 14/20
(5a)
Area PSR=1/2*PR*SM
PR=8+6=14cm
36=1/2 * 14* 6
36=1/2 * 14* 6 *QR
QR=8.6cm
(5b)
diagram
sin45 degree= 10.65/h
h=10.65/sin 45 degree
=10.65/0.7071
h=15.06cm
__________________
/ means DIVISION
* means multiplication
tita u should know dat.
rais means raise to power
^ means raise to power
sqr rut/ squar rut means square root
----(1) means equation 1
yr means year
f(x-xbar) means x MINUS x BAR as in statistics
which means that MINUS WILL BE ON TOP OF x.
, (Comma) means NEXT LINE, THIS MEANS THAT THE FOLLOWING NUMBER IS UNDER THE
NUMBER IT IS FOLLOWING i.e UNDER.
It is
usually used during STATISTICS when drawing a
table.
X:1,2,3,4,
FX: 4,6,8,10
FX-Xbar: 10,8,6,4,
DRAW A TABLE WITH X|FX|(FX-Xbar)
The above statement means that:
~For X, it has 1 2 3 4 5 6 under it. which means 1
is under 2, 2 is under 1, 3 is under 2, 4 is under 3
and so on...
~Under FX you have 4, then 6 under 4, then 8g
under 6, then 10 under 8, then 12 under 10.....
~Under FX-Xbar you have 10, then 8 under 10,
then 6 under 8, then 4 under 6, then 2 under 4,
then 1 under 2....
IN A CLEARER WAY:
→ comma means NEXT LINE(e.g)
x : 1,2,3
fx : 4,5,6
fx-xbar : 10,8,6,4
x|fx |fx-x¯¯|
1| 4 | 10 |
2| 6 | 8 |
3| 8 | 6 |
4| 10| 4 |
Class interval:
60-64,65-69,70-74,75-79,80-84,85-89,90-94,95-99.
X: 62,67,72,77,82,87,92,97.
F: 2,3,6,11,8,7,2,1.
FX: 124,201,432,847,656,609,184,97.
F(x-x bar)2:
561.12,414.18,273.36,33.66,84.48,476.42,351.12,333.06
MEANING OF THE ABOVE EXPRESSION:
Bar means Minus on top of d number or Variable
and comma means next line which means each of
them are unda. Eg 60-64 is unda Class interval,
then 65-69 is unda 60-64,etc .So comma means
unda.
NOTE THAT WHEN U SEE SOMETHING LIKE THE
ABOVE TWO EXAMPLES, U WILL NEED TO DRAW A
TABLE..
YOU NEED TO KNOW THESE ALSO:
MATHS CODES:
1) ,(comma) means next line.
(e.g)
x : 1,2,3
fx : 4,5,6
fx-xbar : 7,8,9
x|fx |x¯¯|
1| 4 | 7 |
2| 5 | 8 |
3| 6 | 9 |
2)*=multiplication sign. y
3)^ = Riase to pwer
4)P also means raised to power eg 10P6 means 10 raised to power six.
5)log3(base 4) ..Note:the base must be SUBSCRIPT .
6)x bar = mean symbol(x¯¯)
7)Pie = pie symbol eg Area of a circle is (Pie r2).
8)Tita = θ eg Sinθ.
10)Root or Rut or Sqrt or sqr root = √ ; eg Root2 means √2
11)/ means ÷
12)----(1) means equation 1
=================================
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Free Waec 2016/17 Biology (Objective & Theory) Answers Now Available
-OBJ
1dcdacaccdc
11ccbdadbbcd
21dcbdddbacb
31cdabbbbddb
41dbcaabadbc -
BIOLOGY THEORY ANS
====================
(1a)
-Single/independent free living organism eg amoeba
-As a colony eg volvox
-As a filament
eg spirogyra
(1b)
-Amoeba
-Volvox
-Spirogyra
(1ci)
-Plant cell are rectangular in shape while Animal cell are spherical in shape
-Plant cell contain chloroplast while animal cell do not contain chloroplast
-Plant cell contain cell wall while animal cell do not contain cell wall
-Plant cell nucleus is at the side while the animal cell is at the middle
(1cii)
-They both have nucleus
-They both have mitochondrion
-They both have endoplasmic reticulum
BIOLOGY THEORY ANS
====================
2a)
Mouth,Oesophagus,Stomach,Duodenum,Small intestine,Caecum,Appendix,Large intestine,Rectum,Anus
(2bi)
TABULATE
Alimentary canal of birds|Alimentary canal of man
-There is presence of crop|Crop absent
-There is presence of proventiculus|Proventiculus absent
-There is presence of gizzard|Gizzard is absent
(2bii)
-Both have caecum
-Both have Oesophagus
-Both have duodenum
(2c)
Herbivore posses heterodant type of dentition in which they posses teeth of different shapes and sizes.Herbivores feed mainly on vegetable hence its teeth is 28 in numbers.Its incisors are flat with sharp cutting edges for cutting vegetables or grasses .canine is absent.the space creates due to absense of the canine is called diastema.
Diastema allows manipulation of grasses in the mouth.It has a very large molar and premolar closely packed and have very large ridged surface area for cutting and grinding
2d)
-They help in regulation of blood sugar by producing insuling and glucagon
-They help in digestion
-SECTION A
Q3ai) Habitat:- This is defined as the place where an organism lives. Its a place that is suitable to the way of life of an organism. For example, the habitat of a fish is the water which it lives in. Habitat may be small or large.
The types of habitat are : Aquatic, Terrestial and Artoreal habitat.
aii) The 3 role of Decomposersbr /> - They help to decompose plant remains into simple forms.
- They breakdown carbon tied up in large carbohydrate molecules and other minerals contained in dead animal bodies.
- As decomposers feed from the dead animals, they breakdown the organic compounds into simple nutrients.
3b) Energy flow in fresh water habitat.
The ultimate source of energy is sunlight, so the energy flows to the primary producers which are the photosynthetic planktons that traps the energy from the sun and produces it's food through photosynthesis, then it flows to the primary consumers ( Consumer planktons ). Then the energy is transferred to the next energy level when the consumer planktons are eaten by the Secondary Consumers ( small fishes ), and the energy flows lastly to the Tertiary Consumers that is the Big Fishes
Sunlight - - > Photosynthetic Planktons ( primary producers ) - - > Consumer Planktons ( primary consumers ) - - > Small Fish ( Secondary Consumers ) - - > Big fish ( Tertiary Consumers )
C.i) Harmful effects of Micro-organisms.
- They cause disease.
- They causes spoilage of food.
- They aid in water pollution.
C.ii) The Six (6) Beneficial Effects of Micro-organisms.
- They help in maintaining soil fertility.
- Saprophylic micro-organisms decomposes sewage.
- They are used to carryout fermentation process in many food industries.
- They help in recycling nutrients in the ecosystem.
- Some micro-organisms are used for medicinal purposes.
- Some micro-organisms are used in genetically engineering.
=6a)
-Tactic movement movement is found in some plant and animals while nastic movement is found in plants alone
-Tactic movement rsponse to directional stimuli while nastic movement respond to non directional stimuli
6bi)
-Euglena
-Chlamydomonas
6bii)
-Mimosa plant
-Sunflower
6ci)
-Regular cleaning
-Exposure to fresh air
-Eating balanced diet
-Regular exercise
6cii)
-Temperature
-pressure
-Pain
-Cold
6d)
-High temperature affect evaporation and reduces performance
-High temperature may lead to seed dormancy
-It leads to loss of soil nutrients through evaporation
-It affects the ripening and maturity of plant
-it is necessary for germination of seeds
6ei)
Courtship behaviour refers to the instructive behaviour on response to certain external stimuli in animals.It is the pattern of behaviour that preceeds mating and reproduction in animals.It is performed by male and female organism
6eii)
-pairing
-Teritoriality
-Display
6f)
-Holozoic nutrition
-Amoeba
-Entamoeba histolytica
-Humans
6g) Crime detection using finger print method: this applies to forensic.In this method,individuals having different finger print pattern can be identified using database of stored information of such individuals.These method correctly identifies such individuals aptly and is useful in crime detection
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Waec 2016/17 Financial Accounting (Objective & Theory ) Answers Now Available
NEXT TIME LEARN TO subscribe.
ACCOUNT OBJ:
1-10: CCBBCACCCD
11-20: CCBCBBDBBB
21-30: CAADADBCBA
31-40: ABDCDACBBB
41-50: BBDDADCCCC
2ai.)
Discount Allowed
Bills receivable
Bad debts
Return inwards
__________________________
(2aii)
Discount Received
Bills Payable
Cash to suppliers
Return outwards
(2b)
- Error of original entry
- Error of omission
- Error of commission
- Error of principle
- Compensating errors
- Complete reversal of entry
3b)
Uses of journal
*They are used to record errors
*record purchase and sale of fixed assets on credit.
*record closing entrie
*record transfers between ledgers.
*Record opening the closing entires,write q debt
8a) Gross profit as a percentage= Grossprofit/sales * 100/1 =96,000/240,000 * 100/1 =40% b) Net Profit as a percentage = Net profit/sales * 100/1 =8000/240,000 * 100/1 =3.3% c) Profit/Cap employed * 100 =8000/142,000 * 100 =5.6%
(5)
Adjusted Cash book:
Debit side:
Bal b/f(4500)
dividend(320)
under(180)
5000
Credit side:
subscri(350)
charges(500)
electricity(70)
insurance(100)
medical(120)
bal(3860)
5000
bank reconcilation statement:
bal as per adj cash book(3860)
add unpresented chequer(4800)
8660
uncredited cheque(1990)
bal as per bank statement(6670)
1a) General journal is the accounting version of our personal journals. It doesn't record everything that happens to the business, of course, but it does record every financial transaction that takes place (sometimes alone, sometimes as a group of similar transactions). Like our personal journal entries, it notes the date, the accounts involved, and the amounts of money, as well as providing a brief description of what happened
(4a) Depreciation is the measure of the wearing out, consumption or other loss of value of a fixed asset whether arising from use, effluxion of time or obsolescence through technology and market changes
________________________
(4b) I. Physical deterioration
ii. Obsolescence
iii. The time factor
iv. Economic factor
v. Inadequacy
4c.)
i. Straight line: This allows an equal amount to be charged as depreciation for each year of expected use of the asset. The basic formulae is
Cost- Estimated residual value/ number of years of expected use.
Advantage: it is simple to calculate
ii. It is time oriented
Disadvantage
i. Assumption of equal or constant revenue per year is unrealistic
ii. Might lead to a misleading picture of the financial statement
Cii) Reducing balance: Under this method, the depreciation charged per annum is determined by applying a fixed rate of depreciation on the net book value of the asset at the beginning of each year.
Disadvantage of reducing balance Difficulty in calculating the rate of depreciation -
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