WAEC Insurance 2022 Answers

WAEC
West Africa Examination council

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

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

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

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

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How to Get WAEC Insurance 2021 Answers

 

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


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Below is WAEC Bookkeeping 2021 Answers

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

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

(2c)
loss is a decrease in net income that is outside the normal operations of the business. 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 investment 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 Insurance Questions & Answers

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