SS1 Accounting Past Questions and Answers
FIRST TERM
Meaning Of Accounting The History of AccountingAccounting As A ProfessionFuture ProspectsUsers of Accounting InformationAccounting EquationThe Need For Book Keeping And Accounting Keeping of Accounting Records As A Soul of BusinessValuation of StockValuation of AssetsDetermination Debtors And CreditorsConservation of AssetsThe Concept of Accounting EthicsAccounting Ethics: Honesty, Transparency & IntegrityBenefits of Accounting Ethics To The Profession & SocietyMeaning of Source DocumentsTypes of Source DocumentsMeaning of Subsidiary Books Reasons For Subsidiary BooksTypes of Subsidiary BooksPreparation of Subsidiary Books
SECOND TERM
Meaning of Double EntryPrinciples And Rules of Double EntryApplication of The Rules With Ordinary Cash BookDouble Column Cash Book With Emphasis On Contra-EntryPreparation of Double Column Cash BookThe Three-Column Cash Book With Discounts Well ExplainedPreparation of Three-Column Cash BookThe Ledgers – Meaning And TypesApplication To Double Entry Book Keeping From Cash BookPetty Cash Book: Meaning/DefinitionAdvantages of Petty Cash BookPreparation of Petty Cash bookMeaning of Trial BalanceRules of Trial BalanceUses of Trial BalanceTrial Balance: Formation LayoutSteps To Extract Balances From A Ledger AccountPreparation of Trial BalanceGeneral Journal: Meaning And DefinitionUses of The General JournalAdvantages of A General JournalErrors In AccountingErrors That Affect The Trial BalanceErrors That Do Not Affect The Trial BalanceCorrection of Errors And PreparationMeaning of Suspense AccountLocation And Correction of ErrorsPersonal Account, Impersonal Account, And Real And Nominal Account
THIRD TERM
Bank Reconciliation Statement: Meaning/DefinitionBank StatementInterpretation of Bank StatementsAdjustments of Cash BooksPreparation of Bank ReconciliationDefine Accounting Concept.The Accounting Concepts: Entity Concept, Going Concept, Money MeasurementTrading Account: Meaning/DefinitionTerminologies Used In Trading AccountPreparation of Trading AccountProfit And Loss Account: Meaning/DefinitionIdentification of Profit And Loss Account ItemsPreparation of Trading, Profit And Loss AccountDetermination of Net Profit And LossBad Debts And Provision For Bad Debts: MeaningMeaning of Pre- Payments And Accruals & Distinctions Between Pre-Payment And AccrualsAdjustments In Profit And Loss AccountProvision For Depreciation On Fixed Assets: Meaning And Calculation of DepreciationBalance Sheet: Meaning/DefinitionDistinction Between Assets And LiabilitiesIdentification of Types of Assets And LiabilitiesPreparation of Balance SheetControl AccountFeatures of Control AccountUses of Control AccountControl Account TerminologiesMeaning of DepreciationReasons For Charging DepreciationMethods of Calculating DepreciationMeaning of Depreciation AccountStraight Line/Fixed Installment MethodDepreciation Account: Diminishing or Reducing Balance Method: Meaning, Formula, And Preparation