waecE-LEARNING
Financial Accounting May/June 2012  
Questions: 1 2 3 4 5 6 7 8 9 Main
General Comments
Strength
Weakness/Remedies





question 5

This question required candidates’ to prepare:
(a)  Trading, Profit and Loss account;
(b)   Appropriation Account, and
(c)   Partners’ Capital Accounts.

 

 

 

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observation

Majority of the candidates’ attempted this question and performed well in 5a and 5c.However few of them performed poorly in the Appropriation account. This was because they mixed up the items of the profit and loss account with those of the appropriation account.


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