Let us begin by explaining the past question and what it is all about. Icaew Past Questions is the compilation of all the Accounting questions that has given to candidates to answer over the years and it is presented in pdf format. We have made it very simple such that every student can get it or download it as long as they have access to the smartphone. Jamb form
Before going for any examination, maximum preparation is required to get the necessary success. Therefore, we bring you information on Accounting Past Questions, what it is all about, how it is patterned to suit your demand, and the easiest way to download or get it.
Why you need Icaew Past Questions
This Past Questions and Answers is available in this post and it will help you to be time conscious and it will help you to scale through with ease. This also will enlighten you on the key themes to focus on you will sure need this because exam bodies repeat or rephrased 60% of their questions.
How is Icaew Past Questions Pattern?
We have made it very easy for you. we bring all the questions which is usually in objective and theory format. We have put them together but we indicate the specific years of their occurrence. We provide the correct answers in order to save your time. All you need to do is to devote quality time to study the Past Questions and watch yourself change the narrative by scoring better than you expected in the Icaew examination.
The Certificate Level of the ACA qualification has six exams that will introduce you to the fundamentals of accountancy, finance and business. Each exam is directly relevant to the work that you do on a day-to-day basis.
Sample of Icaew Accounting Past Questions
Question 1
A general journal contains
Options
A) date, narration, folio, debit, and purchases
B) date, narration, folio, debit and purchase
C) folio, credit, date, debit and sales
D) debit, credit, narration, date and discount
Question 2
Which of the following errors will affect the trial balance total?
Options
A) posting disscount allowed to the debit side of the discount allowed account
B) omision of one account from the list when extracting from the ledger
C) failure to post sales of ₦2,000 and purchases of ₦2,000 from the subsidiiary ledger
D) omission of sales of ₦3,000 and purchases of ₦2,000
Question 3
An expenses account is closed by a debit to
Options
A) an asset account and a credit to the expenses account
B) the expenses account and a credit to an asset account
C) profit and loss account and a credit to the expenses account
D) the expenses account and a credit to profit and loss account
Question 4
In a manufacturing company, the total cost of goods produced is equivalent to
Options
A) purchases
B) sales
C) cost of goods sold
D) cost of materials used
Question 5
Given:
Sales Ledger Control Account (Extracts)
| Balance b/f | ₦10,600 |
| Total cash payments by debtors | ₦32,275 |
| Total credit sales | ₦59,193 |
| Discount received | ₦9,700 |
| Balance c/f | ₦20,751 |
| Discount allowed | ₦2,890 |
Determine the sales returns
Options
A) ₦24,577
B) ₦13,877
C) ₦7,067
D) ₦2,890
