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







Question 7

This was a question on Single Entry system of account. Candidates were required to:
(a)show the calculation of profit for a quarter.
(b)summarize bank account.
(c) prepare balance sheet.

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Observation

The general performance of candidates in this question was very poor because the candidate were yet to understand the single entry system of account.

 
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