Download verified neco financial accounting answers expo runz simplified

Download verified neco financial accounting answers expo runz simplified | Free Neco Financial Accounting (obj, Practice & essay) Answers 2017/18 Verified expo runs

Download verified neco financial accounting answers expo runz simplified
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Download verified neco financial accounting answers expo runz simplified

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ACCOUNT OBJ
1 – 10 = ABEEDBDDCA
11 – 20 = DEAADECADE
21 – 30 = ADCCAABBCC
31 – 40 = CBBEEAACEC
41 – 50 = AADDECDBEC
51 – 60 = CDCACCEEEE

NECO Financial Accounting Questions And Answers Expo (Past Questions)
(1)
(i) Uses of Sales Day Book.

Download verified neco financial accounting answers expo runz simplified

USES
This is a book of original entry in which credit sales are recorded before posting to the ledgers.
in the sales day book, cash transaction must not be recorded.

Illustration
Sold goods to Roger Milla on creditt

(ii) Purchase Day Book
USES
This is the book for recording goods bought on credit from the suppliers and are done monthly or
weekly.

Illustration
Goods brought from Coca cola

(iii) Purchase Returns Book
USES
This is the book for recording goods returned to the suppliers as a result of one reason or another.

Illustration
Returned Goods to Coca Cola

(iv) Sales Return Journal.
USES
This is used to record goods returned by customers. it maybe due to wrong color, wrong type, inferior quality or breakage

Illustration
Returned Goods from Roger Milla

(v) Cash Book
USES
This is used to record cash transactions and also transactions with the bank

Illustration
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NECO Book Keeping 2017 Questions and Answers | Obj/Theory Expo

 

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