Icaew Past Questions

Let us begin by explaining the past question and what it is all about. Icaew Past Questions is the compilation of all the Accounting questions that has given to candidates to answer over the years and it is presented in pdf format. We have made it very simple such that every student can get it or download it as long as they have access to the smartphone.  Jamb form 

Before going for any examination, maximum preparation is required to get the necessary success. Therefore, we bring you information on Accounting Past Questions, what it is all about, how it is patterned to suit your demand, and the easiest way to download or get it.

Why you need Icaew Past Questions

This Past Questions and Answers is available in this post and it will help you to be time conscious and it will help you to scale through with ease. This also will enlighten you on the key themes to focus on you will sure need this because exam bodies repeat or rephrased 60% of their questions.

How is Icaew Past Questions Pattern?

We have made it very easy for you. we bring all the questions which is usually in objective and theory format. We have put them together but we indicate the specific years of their occurrence. We provide the correct answers in order to save your time. All you need to do is to devote quality time to study the Past Questions and watch yourself change the narrative by scoring better than you expected in the Icaew examination.

The Certificate Level of the ACA qualification has six exams that will introduce you to the fundamentals of accountancy, finance and business. Each exam is directly relevant to the work that you do on a day-to-day basis.

Sample of Icaew Accounting Past Questions

Question 1

A general journal contains

Options

A) date, narration, folio, debit, and purchases

B) date, narration, folio, debit and purchase

C) folio, credit, date, debit and sales

D) debit, credit, narration, date and discount

Question 2

Which of the following errors will affect the trial balance total?

Options

A) posting disscount allowed to the debit side of the discount allowed account

B) omision of one account from the list when extracting from the ledger

C) failure to post sales of ₦2,000 and purchases of ₦2,000 from the subsidiiary ledger

D) omission of sales of ₦3,000 and purchases of ₦2,000

Question 3

An expenses account is closed by a debit to

Options

A) an asset account and a credit to the expenses account

B) the expenses account and a credit to an asset account

C) profit and loss account and a credit to the expenses account

D) the expenses account and a credit to profit and loss account

Question 4

In a manufacturing company, the total cost of goods produced is equivalent to

Options

A) purchases

B) sales

C) cost of goods sold

D) cost of materials used

Question 5

Given:
Sales Ledger Control Account (Extracts)

Balancb/f ₦10,600
Total cash payments by debtors ₦32,275
Total credit sales ₦59,193
Discount received ₦9,700
Balance c/f ₦20,751
Discount allowed ₦2,890

Determine the sales returns

Options

A) ₦24,577

B) ₦13,877

C) ₦7,067

D) ₦2,890

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7 Tips to Prepare for Accounting Exams

  1. Don’t make reading your hobby: A lot of people put reading as a hobby in their CV, they might be right because they have finished schooling. But “You” are still schooling, so reading should be in top priority and not as a hobby. Read far and wide to enhance your level of aptitude
    1. Get Exams Preparation Materials: These involve textbooks, dictionaries, Past Questions, mock questions, and others. These materials will enhance your mastering of the scope of the exams you are expecting.
  2. Attend Extramural Classes: Register and attend extramural classes at your location. This class will not only help you refresh your memory but will boast your classroom understanding and discoveries of new knowledge. Dollar to Naira Rate
  3. Sleep when you feel like: When you are preparing for any exams, sleeping is very important because it helps in the consolidation of memory. Caution: Only sleep when you feel like it and don’t oversleep.
  4. Make sure you are healthy: Sickness can cause excessive feelings of tiredness and fatigue and will not allow you to concentrate on reading. If you are feeling as if you are not well, report to your parent, a nurse or a doctor. Make sure you are well. Pounds to Naira
  5. Eat when you feel like: During the exam preparation period, you are advised not to overeat, so as to avoid sleep. You need to eat little and light food whenever you feel like eating. Eat more of fruits, drink milk and glucose. This will help you to enhance retention.
  6. Reduce your time in social media: Some people live their entire life on Facebook, Twitter, WhatsApp, Messenger chat. This is so bad and catastrophic if you are preparing for exams. Try and reduce your time spent on social media during this time. Maybe after the exams, you can go back and sleep in it.

If you like these tips, consider sharing them with your friends and relatives. Do you have a question or comments? Put it on the comment form below. We will be pleased to hear from you and help you to score as high as possible.

We wish you good luck!