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SS1 Accounting Past Questions and Answers
FIRST TERM
Meaning Of Accounting
The History of Accounting
Accounting As A Profession
Future Prospects
Users of Accounting Information
Accounting Equation
The Need For Book Keeping And Accounting
Keeping of Accounting Records As A Soul of Business
Valuation of Stock
Valuation of Assets
Determination Debtors And Creditors
Conservation of Assets
The Concept of Accounting Ethics
Accounting Ethics: Honesty, Transparency & Integrity
Benefits of Accounting Ethics To The Profession & Society
Meaning of Source Documents
Types of Source Documents
Meaning of Subsidiary Books
Reasons For Subsidiary Books
Types of Subsidiary Books
Preparation of Subsidiary Books
SECOND TERM
Meaning of Double Entry
Principles And Rules of Double Entry
Application of The Rules With Ordinary Cash Book
Double Column Cash Book With Emphasis On Contra-Entry
Preparation of Double Column Cash Book
The Three-Column Cash Book With Discounts Well Explained
Preparation of Three-Column Cash Book
The Ledgers – Meaning And Types
Application To Double Entry Book Keeping From Cash Book
Petty Cash Book: Meaning/Definition
Advantages of Petty Cash Book
Preparation of Petty Cash book
Meaning of Trial Balance
Rules of Trial Balance
Uses of Trial Balance
Trial Balance: Formation Layout
Steps To Extract Balances From A Ledger Account
Preparation of Trial Balance
General Journal: Meaning And Definition
Uses of The General Journal
Advantages of A General Journal
Errors In Accounting
Errors That Affect The Trial Balance
Errors That Do Not Affect The Trial Balance
Correction of Errors And Preparation
Meaning of Suspense Account
Location And Correction of Errors
Personal Account, Impersonal Account, And Real And Nominal Account
THIRD TERM
Bank Reconciliation Statement: Meaning/Definition
Bank Statement
Interpretation of Bank Statements
Adjustments of Cash Books
Preparation of Bank Reconciliation
Define Accounting Concept.
The Accounting Concepts: Entity Concept, Going Concept, Money Measurement
Trading Account: Meaning/Definition
Terminologies Used In Trading Account
Preparation of Trading Account
Profit And Loss Account: Meaning/Definition
Identification of Profit And Loss Account Items
Preparation of Trading, Profit And Loss Account
Determination of Net Profit And Loss
Bad Debts And Provision For Bad Debts: Meaning
Meaning of Pre- Payments And Accruals & Distinctions Between Pre-Payment And Accruals
Adjustments In Profit And Loss Account
Provision For Depreciation On Fixed Assets: Meaning And Calculation of Depreciation
Balance Sheet: Meaning/Definition
Distinction Between Assets And Liabilities
Identification of Types of Assets And Liabilities
Preparation of Balance Sheet
Control Account
Features of Control Account
Uses of Control Account
Control Account Terminologies
Meaning of Depreciation
Reasons For Charging Depreciation
Methods of Calculating Depreciation
Meaning of Depreciation Account
Straight Line/Fixed Installment Method
Depreciation Account: Diminishing or Reducing Balance Method: Meaning, Formula, And Preparation