WAEC Financial Accounting 2021 Questions and Answers Objective and Essay | Check Expo Now

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WAEC Financial Accounting 2021 Answers: Get WAEC 2021 Financial Accounting answers Objective and Essay for Thursday 26th August, 2021 Paper III & II: Objective & Essay – Financial Accounting – 9:30pm- 12:30pm.

WAEC Financial Accounting 2021 Answers Objective and Essay | Get Now

WAEC Financial Accounting Answers 2021 Objective 

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WAEC 2021 Financial Accounting Education Essay Answers

WAEC FINANCIAL ACCOUNTING
(4ai)
(i)Cash flow statement
(ii)Consolidated revenue fund
(iii)Vote book

(4aii)
(i)Legislator arms
(ii)The public
(iii)Local authorities
(iv)Local investors

(4b)
(i)Training; Public accountants are trained in analysis, data collection and testing, which allows them to look at accounts and see if the assumptions made are the correct ones. WHILE. private accountants are trained more in process issues especially in terms of accounts payable and billing techniques.

(ii)Environment; A public accountant’s life is much more varied than that of a private one. WHILE private accountant you’re likely to be in your own office and not moving about, with regular hours to boot.

(iii)Exposure; public accountancy firm (such as the Big Four) expose you to a variety of different types of accountancy job within a whole host of industries. WHILE private accounting the jobs are within smaller firms who are not so well known, and the experiences gained are more niche.

(iv)Stress; public accountant is notoriously much more stressful than that of their private counterparts WHILE private accounting their industry, which is a regular day-to-day workforce and a steady stream of work.

1bi. Business entity is an organization created by an individual or individuals to conduct business, engage in a trade or partake in similar activities. There are various types of business entities — sole proprietorship, partnership, LLC, corporation, etc.

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