Question 9
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Candidates were required to prepare the:
- Bar Trading Account;
- Income and Expenditure Account;
- Balance Sheet.
Observation
Majority of the candidates avoided this question and those that attempted it performed poorly as majority of them could not distinctly sort out the items to be posted for each of the accounts; some were unable to draw a parallel between subscriptions in for the year and subscriptions in arrears while, some failed to prepare the balance sheet in orderly manner.