NECO SSCE Accounting Past Questions 2018–2023 with Answers

Sample Questions

Showing 10 of 6 questions

NECO SSCE 2018

Provision for bad debts is

A an estimate of debts that may not be recovered

B actual debts written off

C money owed to suppliers

D a type of income

Answer: A

NECO SSCE 2019

The cash book is both a

A book of original entry and a ledger account

B trial balance and income statement

C balance sheet and cash flow

D journal and balance sheet

Answer: A

NECO SSCE 2022

A bank reconciliation statement is prepared to

A explain the difference between cash book and bank statement balances

B calculate bank charges

C determine the interest earned

D find the total deposits

Answer: A

NECO SSCE 2022

Retained earnings represent

A accumulated profits not distributed as dividends

B total revenue

C total assets

D share capital

Answer: A

NECO SSCE 2023

The concept of going concern assumes that

A the business will continue to operate indefinitely

B the business will close soon

C profits will always increase

D all debts will be paid immediately

Answer: A

NECO SSCE 2023

The matching concept requires that

A expenses are matched with the revenue they helped generate

B all expenses are recorded in the same period

C revenue is always greater than expenses

D only cash transactions are recorded

Answer: A

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Subject Overview

Exam: NECO SSCE
Subject: Accounting
Total Questions: 6
Years Covered: 2018–2023
Years Available: 4
Format: Multiple Choice

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