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2018 WASSCE SOCIAL STUDIES THEORY

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2018 WASSCE PRINCIPLE OF COST ACCOUNTING

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COST ACCOUNTING QUESTIONS LOADING ANSWERS LOADING COST ACCOUNTING COMPLETE SECTION A ANSWER ONLY 2 QUESTION (1a) Reliability Accounting information is reliable to the extent that users can depend on it to represent the economic conditions or events that it purports to represent.  If the information is not reliable, then no investor can rely on it to make an investment decision. Comparability - Accounting information that has been measured and reported in a similar manner for different enterprises is considered comparable. Consistency Accounting information is consistent when an entity applies the same accounting treatment to similar accountable events from period to period. Comparability - Comparability is a pervasive problem in financial analysis even though there have been great strides made over the years to bridge the gap. (1b) = Cost accounting deals with the internal aspect of the business. As a result, cost accounting helps to imp...
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WAEC Threatens To Cancel Entire Results Of Candidates Caught With Mobile Phones

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West    African    Examination Council    (WAEC) has said any candidate that  comes into the examination hall with mobile phones or any other electronic gadgets will    have his or her entire results cancelled, as it begins  registration for second series of West African Senior School Certificate Examination (WASSCE)  for private candidates. This was contained in a statement signed by the Council Head of National Office, Olu Adenipekun. He said, “Candidates who engage in examination malpractice will not only have their results cancelled, but may be prosecuted”. However, the HNO opined that Candidates who wish to register for the examination after the close of entries may be accommodated as “ Walk-in-Candidates ” provided they register not less than twenty four hours to the scheduled time of the paper (s) they intend to write, saying their fee is 25,000. See also:  Police Arrest Syndicate of Leaked WAEC Quest...
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