SS2 Accounting Past Questions and Answers
FIRST TERM
Manufacturing Account: Meaning/DefinitionUses of Manufacturing AccountManufacturing Account: Terminologies UsedComputation of: Cost of Raw Materials Available For Use, Cost of Raw Materials Consumed & Prime Cost of ProductionPreparation of Trading, Profit And Loss Account, Manufacturing Account, And Balance SheetTransfer of Goods Manufactured From The Manufacturing Department To The Sales DepartmentAccount of Non-Profit Making Organization: Introduction Receipts And Payment Account: Features And LimitationsPreparation of Receipts And Payment AccountIncome And Expenditure Account: MeaningDifferences Between Receipts And Payment Accounts And Income And Expenditure Preparation of Income And expenditure accountDifferences Between Bank Statement And Reconciliation StatementCauses of Discrepancies Between Cash Book And Bank StatementBank Reconciliation Statement: Preparation of Adjusted Cash BookRevisit Account Control: Sales Ledger Control AccountPurchases Ledger Control AccountPartnership Account: Meaning/DefinitionPartnership Account: Terminologies UsedPartners’ Capital AccountThe Profit And Loss Account of PartnershipPartnership Profit And Loss Account And Balance Sheet of PartnersPartnership Account: Admission of New Partners - Meaning Reasons For Admission of New Partners Goodwill: Meaning Valuation of GoodwillRevaluation of Assets Preparation of Revaluation Account And Balance SheetDissolution of Partnership: MeaningDissolution Procedures
SECOND TERM
Reasons For Dissolution of PartnershipIncomplete Records (Single Entry): Meaning/DefinitionFeatures of Single EntrySingle Entry Disadvantages/LimitationsComputation of Profits From Two Balance Sheets Showing The Opening And Closing Capital Incomplete Records: Preparation of Statement of Affairs - Calculation of ProfitConversion of Single EntryInterpretation of Accounts Using Simple Accounting Ratios Equity: Capital EmployedInterpretation of Accounts Using Simple Accounting Ratios Equity: Working CapitalRatio of Working Capital To Capital EmployedRatio of Equity To Capital Employed
THIRD TERM
Companies And Allied Matters Act 1990 Relating To Formation of CompaniesTerminologies Used In A Company AccountMemorandum of AssociationsArticles of AssociationTypes of Companies - Private Company: Definition And FeaturesTypes of Companies - Public Company: Definition And FeaturesDistinctions Between Public And Private CompaniesQuoted Companies: Definition, Features, And ExamplesUnquoted Companies: Definition And FeaturesDistinctions Between Quoted And Unquoted Companies Company Account - Financial System: Definition Components of Financial System E.g. Banks, Insurance, NSE, SEC, CSCSMoney Market: Definition And Key FunctionsFeatures of Money Market (Short Term)Methods: Offer For Sales, Offer For Subscription, Right Issues, Private PlacementBenefits of Capital Markets: Benefits To Individual InvestorsBenefits of Capital Markets: Benefits To GovernmentBenefits of Capital Markets: Benefits To The EconomyBenefits of Capital Markets: Benefits To Individual Companies Issues of Shares: Terminologies UsedPreparation of Shares Accounts, Application Account, Allotment Account, And Calls AccountsPreparation of Cash/Bank Account, Share Premium Account, Share Discount Account, Share Capital Accounts Loan Capital: Terminologies UsedLoan Capital: DebenturesLoan Capital: InterestLoan Capital: MortgageProfit And Loss Appropriation Account: - Amount Written OffRegulation of The Capital Market: Meaning And Reasons For RegulationsRegulation of The Capital Market: Types of RegulationsRegulation of The Capital Market: Statutory RegulationSelf-Regulation Stock ExchangesNigeria Stock Exchange: Meaning And FeaturesThe Abuja Stock And Commodity Exchange