Exam Secret

WAEC 2025 FINANCIAL ACCOUNTING SOLUTIONS

(1a)
PLS TABULATE
-Surplus-
matches with Net profit

-Accumulated fund-
matches with Capital

-Receipts and payments account-
matches with Cash book

-Deficit-
matches with Net loss

-Income and expenditure account-
matches with Profit and loss account

(1b)
(i)Purpose: Social clubs are non-profit organizations focused on member benefits, while limited liability companies (LLCs) aim to generate profit.
(ii)Capital: Social clubs usually have an accumulated fund, while LLCs have capital invested by owners.
(iii)Surplus/Deficit: Social clubs record surplus or deficit, while LLCs record net profit or net loss.
(iv)Ownership: Social clubs are owned by members, while LLCs are owned by shareholders or members.
(v)Financial Statements: Social clubs prepare income and expenditure accounts, while LLCs prepare profit and loss accounts.

VIP GROUP LINK TO JOIN
🇳🇬https://chat.whatsapp.com/FxfNSUlJqe3CejnAkTQYXQ🇳🇬





✅✅✅🇳🇬

WAEC 🇳🇬 ECONOMIC QUESTIONS AND ANSWERS DONE AND DUSTED 😉

PAY #500 AND GET IT ALL
ASK FOR ACCOUNT DETAILS
Exãm Sëçrët

NECO VIP GROUP LINK 🔗 👇👇
🇳🇬https://chat.whatsapp.com/FxfNSUlJqe3CejnAkTQYXQ🇳🇬





✅✅✅🇳🇬

WAEC Economic Question and Answer Available Now. I Will Charge N500 Only. DM +2349072336844