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Waec Further Maths 2021 Answers for 9th September
FURTHER MATHS OBJ
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Waec Further Mathematics Obj/Essay Exam Date 2021
Thursday, 9th September 2021
- Further Mathematics/Mathematics(Elective) 2 (Essay) 9:30am. –12:00noon.
- Further Mathematics/Mathematics(Elective) 1 (Objective) 3:30pm. –5:00pm.
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WAEC 2021 prayers.
Our father who is in Nigeria and West Africa.
WAEC is in thy hand.
As it’ll be done in August, September, and October.
Throughout Nigeria’s states and West Africa.
Give us our A’s and B’s.
And forgive us our mistakes.
In Practical, Objectives, and Theory Papers, help us to succeed.
As we forgive those who copy from us,
Deliver us from failures and pending errors.
Show your power and glory to take us 100 Level in Universities/Polytechnics.
By removing our six years uniform in Secondary School.
To wear our desired clothes to classes in Higher Institution.
If You believe, comment “AMEN”
(ii)Facial Recognition. …
(i)RCA (Stereo audio output)
Difference is that to access that on internet an Internet Service Provider (ISP) and a router to connect to the ISP while it is not needed for that of storage
Biometric recognition creates a specific link between an individual and a data record.
(I)TO; Email Address
(II)CC; To send to multiple emails
(III)BCC; when you want the message to be shared that you want to keep it secret who get the message
(IV)To the reader
(V)the content of the message
Cc stands for carbon copy which means that whose address appears after the Cc: header would receive a copy of the message. Also, the Cc header would also appear inside the header of the received message. While Bcc stands for blind carbon copy which is similar to that of Cc except that the Email address of the recipients specified in this field do not appear in the received message header and the recipients in the To or Cc fields will not know that a copy sent to these address.
(i)insert the flash drive into a usb port on your computer.
(ii) with your microsoft word document open, click the “file” tab and select “save as.”
(iii)click the “save in” drop-down menu at the top of the save as dialog box.
(iv)navigate to and click the flash drive. the flash drive is typically drive letter “e” or “f.”
(v)type the name of your document into the file name field and click “save” to save the file to the flash drive.
(i)navigate to the location where you want to create the folder that is the desktop of the computer.
(ii) hold down the ctrl, shift, and n keys at the same time.
(iii) enter your desired folder name that is “assignment”
(iv) navigate to the location where you want to create the folder.
(v)then save to finish
(i)open the folder that contains the word documents you want to print.
(ii) press [ctrl], and select the files you want to print. (if the files are adjacent, select the first file in the list, press [shift], and select the last file in the list.)
(iii) right-click the selection, and select print from the shortcut menu.
(iv) select the desired print options, and click ok. (the selected options will apply to all of the documents.)
– Indirect access
– Not removable
– Random/Direct access
– Indirect access
(i) On the Basis of Size and Capacity, [Supercomputer, Mainframe, Mini, and Micro Computer].
(ii) On the Basis of Purposes, [General and Special Purpose].
(iii) On the Basis of Hardware Design and Type [Analog, Digital, and Hybrid Computer].
(i) Analog computers works with continuous values or these types of systems process continuous data.
(ii) Analog computer has very low or limited memory and it can store less amount of data.
(i) Digital computers works with discrete values or these types of systems process discrete data.
(ii) Digital computer has very big memory it can store large amount of data.
(i) Access to informations.
(ii) New tools, new opportunities
(i) Guided Media
(ii) Shielded Twisted Pair (STP)
(i)Disk formatting is the configuring process of a data storage media such as a hard disk drive, floppy disk or flash drive for initial usage.
(ii) Data backup is a copy of computer data taken and stored elsewhere so that it may be used to restore the original after a data loss event.
(iii) Virus scans: this is the process where antivirus search through your system to locate and remove any malicious threats on your device.
(i) it is used for intra bank transfer
(ii) it is used for inter bank transfers
(iii) it is used to check account balance
(iv) it is used for printing of mini statement of account
(2a) An imprest system of petty cash means that the general ledger account Petty Cash will remain dormant at a constant amount. If the amount of petty cash is ₦10,000, then the Petty Cash account will always report a debit balance of ₦10,000. This ₦10,000 is the imprest balance.
As long as ₦10,000 is adequate for the organization’s small disbursements, then the general ledger account Petty Cash will never be debited or credited again.
When the currency and coins on hand gets low, the petty cash custodian will request a check to replenish the coins and currency that were disbursed. Since the requested check is drawn on the organization’s checking account, the Cash account will be credited. The debits will go to the expense accounts indicated by the petty cash receipts, such as postage expense, supplies expense. In other words, the general ledger account Petty Cash is not involved in the replenishment. The petty cash custodian will cash the check and add the amount to the other cash.
(Picl Any Two)
(i)Outdated System: Petty cash book is a largely outdated and inefficient system, and it does not fulfil the needs and expectations of the company’s current requirements.
(ii) Inconvenient for Larger Expenses: it causes huge inconvenience for larger expenses. The system is highly compatible and convenient for smaller expenses while opposite for larger expenses.
(iii) Overspending: Not setting the expenditure limits for every nominal transaction can even put an organization at the risk of facing overspending on purchases.
(i) Petty Cash Vouchers are used to purchase tangible items from local suppliers who will not take a purchase order.
(ii) Petty Cash Voucher is used to control the disbursement of cash from the Petty Cash Fund.
(iii) it helps to financially control the petty cash accounts in order to make sure that no one can abuse or mismanage the funds in the petty cash fund.
(iv) it provides solid evidence when it comes to the reconciliation of the amount of cash that is left in the petty cash fund.
Entrance Fees or Admission Fees is the amount that a person pays at the time of becoming a member of a Not-for-Profit Organization. It is a revenue receipt. Therefore, we account it as an income and credit it to Income and Expenditure Account.
A subscription is a signed agreement between a supplier and customer that the customer will receive and provide payment for regular products or services, usually for a one-year period.
(Pick Any five)
(i) No Opening Balance:- Opening balance is not require to prepare income and expenditure account.
(ii) Accrual Basis:- Income and expenditure account is maintained on accrual basis.
(iii) Based On Receipt And Payment Account:- Income and expenditure account is prepared on the basis of receipt and payment account at the end of the accounting year.
(iv) Non-cash Items:- This account records non-cash items also
(v) Debit And Credit Rule:- Expenses and losses are debited and incomes are credited as it is a nominal account.
(vi) No Capital Transactions:- Only revenue items are included in income and expenditure account. So, capital items are excluded while preparing this account.
(vii) Only Current Year’s Transactions:- Income and expenditure account includes only current periods transactions.
bank reconciliation statement is a summary of banking and business activity that reconciles an entity’s bank account with its financial records. In other words the statement outlines the deposits, withdrawals, and other activities affecting a bank account for a specific period.
bank charges covers all charges and fees made by a bank to their customers. In common parlance, the term often relates to charges in respect of personal current accounts or checking account.
standing order is an instruction a bank account holder gives to their bank to pay a set amount at regular intervals to another’s account. The instruction is sometimes known as a banker’s order.
Credit transfer” means a payment transaction by which a credit institution transfers funds to a payee’s account on the basis of a payer’s order, and the payer and the payee can be the same person.
Dishonoured cheques are cheques that a bank on which is drawn declines to pay. There are a number of reasons why a bank would refuse to honour a cheque, with non-sufficient funds being the most common one, indicating that there are insufficient cleared funds in the account on which the cheque was drawn.
unpresented cheque simply means that a cheque has been written and accounted for, but it has not yet been paid out by the bank from which the money is being drawn. Unpresented cheques are also referred to as outstanding cheques because the funds in question are, as the name suggests, outstanding.
uncredited cheques represent money that is available to the company but has not yet been recognised by the bank. This comes in the form of cheques paid in by customers and clients.
Accounting concept refers to the basic assumptions and rules and principles which work as the basis of recording of business transactions and preparing accounts.
Business entity: This provides that the financial activities of a firm be kept separate from the personal affairs of its owner.
Accrual: This concept states that revenues and costs are recognized as they are earned or incurred, not as when money is received or paid.
Going concern:This assumes that a business will continue to operate intothe foreseeable future, unless something contrary happens.
Consistency: The concept of consistency means that accounting methods once adopted must be applied consistently in future
Periodicity: The concept provides that preparation and reporting of accounting information should be done at regular intervals to allow users to have access to information at all times, since decisions may be taken at any time.
Historical cost: this concept states that the value of an asset is determined by the cost of its acquisition and not by the value of returns which are expected to be earned.