Waec Accounting Exam (2025/2026): Full List Of Highly Repeated Topics & Past Questions

Many students find Financial Accounting in WAEC challenging — not because the subject is too hard, but because they study everything randomly.

If you want to pass WAEC Accounting with flying colours, study the most repeated topics and master how questions are asked every year.

In this 2025/2026 guide, you’ll find:

• Most repeated topics in WAEC Accounting

• Sample WAEC past questions

• Preparation tips and examiner expectations

• A helpful grading guide

Most Repeated Topics in WAEC Accounting

The table below highlights the top topics that show up frequently in both the theory and objective sections of WAEC Accounting:

WAEC Past Questions from Repeated Topics

Here are sample WAEC questions that have been repeated in different years with minor changes:

1. Accounting Concepts

Question: List and explain four accounting concepts.
(WAEC June 2022)

Answer:

1. Business Entity Concept

2. Going Concern Concept

3. Accrual Concept

4. Consistency Concept

2. Double Entry Principle

Question: State the rule of double entry and give two examples.
(WAEC June 2021)

Answer:
For every debit entry, there must be a corresponding credit entry.
Example:

• Debit: Cash

• Credit: Sales

3. Trial Balance and Errors

Question: List four errors that do not affect the trial balance.
(WAEC June 2020)

Answer:

1. Error of omission

2. Error of commission

3. Error of principle

4. Compensating error

4. Depreciation

Question: Explain straight-line and reducing balance methods of depreciation.
(WAEC June 2023)

Answer:

• Straight-line: Same amount charged yearly

• Reducing balance: Percentage charged on book value yearly

5. Control Accounts

Question: State two uses of control accounts.
(WAEC June 2021)

Answer:

1. To detect errors

2. To provide a summary of debtor/creditor accounts

6. Partnership Account

Question: Mention three contents of a partnership agreement.
(WAEC June 2022)

Answer:

1. Profit-sharing ratio

2. Capital contribution

3. Duties and responsibilities

How to Study Smart for WAEC Accounting

Here are proven strategies to help you pass:

1. Focus on the most repeated topics first

2. Practice with past questions from 2010–2023

3. Revise accounting formats and layouts (T-accounts, final accounts)

4. Use solved workbooks for clarity

5. Memorize basic definitions and rules (especially for theory)

6. Time yourself during practice

7. Study calculations with explanations — not just answers

WAEC Grading for Financial Accounting

Tip: WAEC Accounting papers reward step-by-step workings — not just the final answer.

WAEC Accounting – Frequently Asked Questions

Q: Will WAEC repeat Accounting questions word-for-word?
No. But they repeat the same topics and structure, only changing figures or formatting.

Q: Is Accounting mostly theory or calculation?
It’s a mix of theory and practical — both are important.

Q: Can I skip topics like incomplete records or share capital?
Not recommended. These topics have been appearing often in recent years.

Q: Are calculators allowed in WAEC Accounting?
Yes, scientific calculators are allowed.

Final Thoughts

To pass WAEC Accounting with ease, you don’t need to cram the whole textbook. You need to:

✅ Focus on highly repeated topics
✅ Practice past questions
✅ Understand formatting and calculations

With this approach, you’ll be able to score C4 or higher, even if Accounting isn’t your best subject.