100+ Free NSSCO Accounting (6143) Practice Questions

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Key Facts: NSSCO Accounting (6143) Exam

6143

Official NSSCO Accounting syllabus code

NIED NSSCO Accounting syllabus (2018)

100 + 100

Paper 1 + Paper 2 marks (total 200)

NIED NSSCO Accounting scheme of assessment

50% + 50%

Paper 1 + Paper 2 weighting

NIED NSSCO Accounting syllabus

2 h + 2 h 30 min

Paper 1 + Paper 2 durations

NIED NSSCO Accounting syllabus

A–G

Available letter grades (U ungraded)

NSSCO Ordinary Level grading

Papers 6143/1 & 6143/2

Confirmed in DNEA NSSCO Examiners Report 2025

NSSCO Examiners Report 2025

100

Free practice MCQs on this page

OpenExamPrep study adaptation

NSSCO Accounting 6143 is assessed through two compulsory written papers: Paper 1 (100 marks, 2 hours, 50%) and Paper 2 (100 marks, 2 h 30 min, 50%), totalling 200 marks with grades A–G. Official papers are short-answer and structured written work. The 100 questions on this page are an English-language MCQ study adaptation with Namibian dollar (N$) calculations — not an official DNEA paper simulation.

Sample NSSCO Accounting (6143) Practice Questions

Try these sample questions to test your NSSCO Accounting (6143) exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1According to the business entity principle, which item is recorded as a business asset in the books of a Windhoek sole trader?

A.The owner's personal home in Klein Windhoek

B.Inventory of goods held for sale by the shop

C.The owner's private motor vehicle used only for family travel

D.School fees paid for the owner's children from personal savings

Explanation: The business entity principle treats the business as separate from its owner. Inventory held for sale belongs to the business and is a business asset. The owner's private home, private car and private school fees are personal items and are excluded from business assets.

2Which equation correctly states the accounting equation used in NSSCO Accounting?

A.Assets = Liabilities − Capital

B.Assets = Capital − Liabilities

C.Assets = Capital + Liabilities

D.Assets + Capital = Liabilities

Explanation: The fundamental accounting equation is Assets = Capital + Liabilities (or Assets − Liabilities = Capital). Assets are financed by the owner's capital and by external liabilities.

3A trader buys goods on credit for N$8,500. What is the immediate effect on the accounting equation?

A.Assets increase N$8,500; capital increases N$8,500

B.Assets increase N$8,500; liabilities increase N$8,500

C.Assets decrease N$8,500; liabilities decrease N$8,500

D.Assets increase N$8,500; liabilities decrease N$8,500

Explanation: Purchasing inventory on credit increases an asset (inventory) by N$8,500 and increases a liability (trade payables) by N$8,500. Capital is unchanged until goods are sold.

4Which users of accounting information are primarily interested in whether a Namibian business can repay loans on time?

A.Competitors comparing product ranges

B.Lenders and banks assessing credit risk

C.Customers deciding which brand to buy

D.Employees choosing holiday destinations

Explanation: Lenders and banks use financial statements to assess liquidity, gearing and ability to service debt. Competitors, customers and employees may use accounts for other reasons, but repayment capacity is central for lenders.

5The money measurement concept means that:

A.Only transactions that can be expressed in monetary terms are recorded in the books

B.Every employee must be paid in Namibian dollars rather than foreign currency

C.Assets must always be recorded at current market selling price

D.The business must keep the same amount of cash in the bank each month

Explanation: Money measurement requires that accounting records include only items measurable in money. Non-monetary factors such as staff morale or brand reputation (unless separately valued and recognised under specific rules) are not entered as bookkeeping transactions merely because they matter.

6Which source document is issued by a Windhoek wholesaler to a retailer when goods are sold on credit?

A.Petty cash voucher

B.Sales invoice

C.Cheque counterfoil

D.Bank statement

Explanation: A sales invoice is issued by the seller to the buyer for credit sales, stating quantities, prices and amounts due. Petty cash vouchers support small cash payments; cheque counterfoils record cheque payments; bank statements are issued by the bank.

7Goods sold on credit for N$12,000 (net of trade discount) are recorded in which book of first entry by the seller?

A.Purchases journal

B.Sales returns journal

C.Sales journal

D.Petty cash book

Explanation: Credit sales of goods are listed in the sales journal (sales day book). The purchases journal records credit purchases; sales returns record returns inwards; the petty cash book records small cash payments.

8Trade discount of 10% is allowed on goods listed at N$20,000. What amount is entered in the sales journal?

A.N$20,000

B.N$22,000

C.N$18,000

D.N$2,000

Explanation: Trade discount is deducted on the invoice and is not recorded in a separate ledger account. Net invoice = N$20,000 × 90% = N$18,000, which is the amount entered in the sales journal.

9A customer returns goods and the seller issues a credit note for N$1,250. In which book does the seller record this?

A.Purchases journal

B.Sales journal

C.Sales returns journal

D.Cash book receipts side only

Explanation: A credit note issued to a customer for returned goods is recorded in the sales returns (returns inwards) journal. The purchases journal and sales journal record purchases and sales respectively; cash book entries arise only if cash is refunded.

10Under the imprest system, the petty cash float is N$500. During the month, petty cash payments total N$372. How much is reimbursed to restore the imprest?

A.N$500

B.N$372

C.N$128

D.N$872

Explanation: The imprest is restored by reimbursing the exact amount spent. Payments of N$372 leave N$128 in the tin; a cheque for N$372 restores the float to N$500.

About the NSSCO Accounting (6143) Exam

NSSCO Accounting (6143) is Namibia’s Ordinary Level senior secondary accounting qualification for Grades 10–11. The current NIED syllabus (publication 2018; implemented 2019; first examination 2020) covers basic accounting systems, adjustments and final accounts of sole traders and partnerships, manufacturing accounts, incomplete records, and ratio interpretation. DNEA’s NSSCO Examiners Report 2025 confirms Papers 6143/1 and 6143/2.

Assessment

Paper 1: short-answer and structured questions, 100 marks, 2 hours, 50%. Paper 2: structured questions, 100 marks, 2 hours 30 minutes, 50%. Combined total 200 marks. Both papers compulsory; learners answer on the question paper.

Time Limit

Paper 1: 2 hours; Paper 2: 2 hours 30 minutes

Passing Score

Letter grades A–G (U = ungraded). No single published numeric percentage pass mark in the NIED syllabus.

Exam Fee

DNEA per-subject NSSCO entry fee not confirmed from an official DNEA circular at time of writing — confirm with DNEA or your examination centre. Do not use NAMCOL tuition fees as a substitute. (Directorate of National Examinations and Assessment (DNEA); syllabus by Namibia Institute for Educational Development (NIED))

NSSCO Accounting (6143) Exam Content Outline

Theme 1

Basic Accounting Systems

Purpose and users of accounting; business entity and money measurement; source documents; books of first entry (sales, purchases, returns, cash book, petty cash imprest, general journal); double-entry ledgers; trial balance; errors and suspense; control accounts; bank reconciliation; and accounting principles/concepts.

Theme 2

Final Accounts and Financial Statements

Adjustments for accruals, prepayments, depreciation, bad debts and provisions; income statements and statements of financial position for sole traders; partnership agreements; appropriation accounts; capital and current accounts.

Theme 3

Manufacturing and Incomplete Records

Manufacturing accounts including prime cost, factory overheads and work in progress; single-entry and incomplete records; statements of affairs; mark-up and margin approaches to missing figures.

Theme 4

Ratios and Interpretation

Gross margin, mark-up, net profit margin, ROCE, current ratio, acid-test (quick) ratio, rate of inventory turnover and related interpretation for owners, managers, lenders and other users.

How to Pass the NSSCO Accounting (6143) Exam

What You Need to Know

Passing score: Letter grades A–G (U = ungraded). No single published numeric percentage pass mark in the NIED syllabus.
Assessment: Paper 1: short-answer and structured questions, 100 marks, 2 hours, 50%. Paper 2: structured questions, 100 marks, 2 hours 30 minutes, 50%. Combined total 200 marks. Both papers compulsory; learners answer on the question paper.
Time limit: Paper 1: 2 hours; Paper 2: 2 hours 30 minutes
Exam fee: DNEA per-subject NSSCO entry fee not confirmed from an official DNEA circular at time of writing — confirm with DNEA or your examination centre. Do not use NAMCOL tuition fees as a substitute.

Keys to Passing

Complete 500+ practice questions
Score 80%+ consistently before scheduling
Focus on highest-weighted sections
Use our AI tutor for tough concepts

NSSCO Accounting (6143) Study Tips from Top Performers

1Drill double-entry and books of first entry until debit/credit for assets, liabilities, capital, income and expenses is automatic — most later errors start there.

2Practise correct layouts for cash book, control accounts, income statements, appropriation accounts and statements of financial position; DNEA examiners repeatedly penalise wrong formats.

3Work full period-end adjustments in Namibian dollars (N$): accruals, prepayments, straight-line and reducing-balance depreciation, bad debts and provisions.

4Memorise Annexe A ratio formulae (gross margin, mark-up, current and acid-test ratios, inventory turnover) and always state units (% , :1, or times).

5For partnerships, practise appropriation section layout carefully — examiners report candidates incorrectly presenting it as a journal or trial balance.

6Use these MCQs for concept and calculation drill; still practise written workings because official papers require structured answers on the question paper.

Frequently Asked Questions

What is NSSCO Accounting 6143?

Syllabus 6143 is the Namibia Senior Secondary Certificate Ordinary Level Accounting syllabus published by NIED for Grades 10–11 and examined by DNEA. The current syllabus (NIED 2018) covers four themes: basic accounting systems; final accounts of sole traders and partnerships; manufacturing and incomplete records; and ratios and interpretation.

What is the paper structure for NSSCO Accounting?

Candidates must enter both papers. Paper 1 lasts 2 hours and carries 100 marks (50%): short-answer and structured questions, all compulsory. Paper 2 lasts 2 hours 30 minutes and carries 100 marks (50%): structured questions, all compulsory. Learners answer on the question paper.

What grades are awarded for NSSCO Accounting?

Results are reported on letter grades A–G (U = ungraded). The NIED syllabus does not publish a single numeric percentage pass mark; grade boundaries are set by the examining authority for each series.

Which syllabus edition should I use?

Prefer the current NIED Accounting syllabus PDF titled NSSCO_Accounting_syllabus.pdf (syllabus code 6143, publication 2018, for implementation in 2019 and first examination in 2020). Older April 2010 specimen/syllabus materials are superseded for content planning.

How much does NSSCO Accounting entry cost?

A verified DNEA per-subject NSSCO entry fee was not confirmed from an official DNEA circular at the time this page was written. Confirm current fees with DNEA or your examination centre. Do not treat NAMCOL tuition or course fees as the examination entry fee.

Are these official DNEA examination questions?

No. Official NSSCO Accounting uses written short-answer and structured papers (confirmed in the DNEA NSSCO Examiners Report 2025 for Papers 6143/1 and 6143/2), not multiple-choice only. This bank is an original English-language MCQ study adaptation aligned to syllabus 6143 for practice of bookkeeping, ledgers, adjustments, final accounts and ratios.

100+ Free NSSCO Accounting (6143) Practice Questions

NSSCO Accounting (6143)

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