Book Keeping WASSCE (SC), 2016

Question 1

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    (a) What is final accounts?

Observation

Majority of the candidates demonstrated good understanding of the question and the performance of those who attempted the questions was good.

 

(b) State two differences each between:

(i) Cash discount and trade discount;

(ii) Discount allowed and discount received.

 

Most candidates that attempted the question merely provided answers on the definitions rather than clearly enumerating the differences using the tools of distinction; tabular forms, or words such as while, whereas, etc.