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WAEC Storekeeping 2022 Answers

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WAEC Storekeeping 2022 Answers

WAEC Storekeeping 2022 Answers, question on Storekeeping waec 2022, WAEC Storekeeping Answers 2022. WAEC 2022 Storekeeping obj, 2022 WAEC Storekeeping obj and Essay Answers, WAEC Storekeeping 2022, Many WAEC candidates find it difficult to answer the WAEC 2022 Storekeeping obj and Essay question and Answers correctly due to not understanding the questions. I will show you the best way to answer WAEC Storekeeping Obj and Essay questions and make a good WAEC result in your Storekeeping examination. WAEC Storekeeping questions 2022, 2022 WAEC Storekeeping answers, Storekeeping WAEC 2022, WAEC Storekeeping questions and answers 2022, WAEC 2021 Bookkeeping Answers

WAEC Storekeeping Questions and Answers 2022. Objective and Essay answers (Expo), for the West Africa examination council (May/June 2022. WAEC Storekeeping Objective and Essay Answers. This post will provide you with repeated questions as as the answers to your WAEC Storekeeping Storekeeping exam. This post will help you understand the WAEC Storekeeping objectives and answers.

WAEC 2022 Storekeeping ESSAY AND OBJ https://NaijaLanded.com.ng
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Tuesday, 17th May, 2022
Marketing 2 (Essay)
09:30am – 11:30am

Storekeeping 1 (Objective)
11:30am – 12:20pm

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Storekeeping 2(Essay) 9:30am.–11:30am.
Storekeeping 1 (Objective) 11:30am.–12:20pm.

PROOF OF WAEC Storekeepingkeeping 2021 Answers

Below is WAEC Bookkeeping 2021 Answers

(2a)
Expense is the cost of operations that a incurs to generate revenue. As the popular saying goes, “it costs money to make money”.

(2b)
Revenue generated from normal operations and includes discounts and deductions for returned merchandise. It is the top line or gross figure from which costs are subtracted to determine net

(2c)
loss is a decrease in net income that is outside the normal operations of the . In other Words losses can result from a number of activities such as; sale of an asset for less than its carrying amount, the write-down of assets, or a loss from lawsuits.

(2d)
Capital is the value of the in the business by the owner(s). It is that part of the business that belongs to the owner; hence it is often described as the owner's interest.

(1a)
Stock valuation is the process of determining the current (or projected) worth of a stock at a given time period.

(1bi)
-CHARACTERS OF FIFO-
(i)it is easy to apply
(ii)the assumed flow of costs corresponds with the normal physical flow of goods.

(1bii)
-CHARACTERISTICS OF LIFO-
(i)It is used to account for inventory that records the most recently produced items as sold first.
(ii)The cost of the most recent products purchased (or produced) are the first to be expensed as cost of goods sold (COGS).

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2022 WAEC Storekeeping Questions & Answers

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