waecE-LEARNING
Financial Accounting1,NOV/DEC 2013  
Questions: 1 2 3 4 5 6 7 8 9 Main
General Comments
Strength
Weakness/Remedies





question 7
Theory of Financial Accounting

This question required candidates to prepare:

  • Subscription Account;
  • Income and Expenditure Account;
  • Balance Sheet.
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observation

Majority of the candidates’ attempted this question and performed well.  However, few of them wrongly presented Income and Expenditure Account as Receipts and Payments    account while their entries in the Balance Sheet were faulty.

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