WAEC 2022 BOOKKEEPING ESSAY AND OBJ ANSWERS

BOOKKEEPING-ANSWERS
(1a)
(i)Checks.
(ii)Invoices.
(iii)Receipts.
(iv)Credit memos.
(v)Employee time cards.(1bi)
Cash bookis used to reconcile Bank statements.(1bii)
Returns Inwards book is used to record the goods returned to the business enterprise(1biii)
purchases day book is used for recording purchased transactions.(1biv)
Sales day book is used for recording all the credit sales of the business in one distinct place.

(1bv)
Return outward book is used for to record the goods which are returned to the suppliers
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(3a)
ENTREPRENEUR is one who organizes, manages, and assumes the risks of a business or enterprise.

(3b)
(i)Creativity.
(ii)Professionalism.
(iii)Risk-taking.
(iv)Passion.
(v)Planning.
(vi)Knowledge.
(vii)Social Skills.
(viii)Open-mindedness towards learning, people, and even failure.
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(8)

 

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(7)

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(6a)

(6b)

 

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