CBT-Practice

WAEC Financial Accounts · Section 1

Introduction to Financial Accounting and Double Entry System

Detailed Syllabus

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Syllabus content and objectives

Official WAEC Financial Accounts outline · Detailed Syllabus

Content

1.1 - 2.8 History, accounting process, source documents, subsidiary books, ledgers, cash books, trial balance, bank reconciliation, suspense accounts

Objective

Understand accounting nature, users, and qualitative characteristics; apply accounting equations and double entry principles; post source documents to prime entry books and ledgers; prepare single/double/three-column cash books, petty cash books, and Trial Balances; prepare Bank Reconciliation Statements and correct errors via Suspense Accounts.

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