Financial Accounting Paper 2, Nov/Dec 2010  
Questions: 1 2 3 4 5 6 7 8 9 Main
General Comments

Question 2

(a) State the purpose of each of the following:
(i)Trading Account;
(ii)Profit and Loss Account;
(iii)Balance Sheet.
(b)List six items that are found on the credit side of the Profit and Loss Account of a sole trader.


This question was generally attempted by the candidates. The general performance of candidates in the question was very good.

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