📝 Past Questions
WAEC & JAMB
Financial Accounting Past Questions
Authentic past questions from WAEC (WASSCE) and JAMB (UTME) — organised by topic for targeted study. Select any answer to check yourself, then reveal the full explanation.
130+
Total Questions
WAEC
2013 – 2023
JAMB
2013 – 2023
9
Topic Categories
Choose a topic to practise:
Double Entry & Source Documents
DEAD CLIC, debit/credit rules, invoices, source docs
Books of Original Entry
Day books, cash book, petty cash, journal
Ledger, Trial Balance & Errors
T-accounts, trial balance, 6 errors not revealed
Trading, P&L & Balance Sheet
Gross profit, net profit, working capital, COGS
Adjustments to Accounts
Accruals, prepayments, bad debts, provisions
Bank Reconciliation
Unpresented cheques, outstanding lodgements
Depreciation of Assets
Straight-line, reducing balance, disposal
Partnership Accounts
Appropriation, goodwill, capital & current accounts
Company Accounts & Shares
Ordinary shares, preference, debentures, reserves
Ratio Analysis
Current ratio, quick ratio, ROCE, profitability
Non-Profit Organisations
Receipts & payments, income & expenditure, accumulated fund