Some of the weaknesses observed were:

-        Candidates’ inability to answer question 8 which is on the preparation of account(s) to correct net profit errors;
-        Candidates mixed and muddled up entries in the Manufacturing, Trading, Profit and Loss Account;
          -        Lack of proper understanding of the basic principles of accounting;
          -        Non-coverage of syllabus before registering for the examination;
-        Majority of the candidates could not state the effects of errors on the net profit and to prepare the statement of corrected net profit;
-        Candidates make use of abbreviation B.S. for Balance Sheet or C.L. for Current Liability, F. A. for Fixed Assets, etc.  There was also wrong placement of value of digits and commas e.g. 26,04 instead of 2,604; 100,43 instead 10,043.

     SUGGESTED REMEDIES

-        The teaching of the basic principles of Financial Accounting must be emphasized in schools.
-        Candidates should prepare very well by covering all aspects of the syllabus before writing the examination.
-        Teachers should make use of past question papers as a revision exercise and educate the candidates on what is required for each question.
-        Qualified teachers should be employed to teach the subject.
-        Teachers should teach the candidates on the use of comma to a designated thousand, million, billion and also, to always write out in full instead of using abbreviations.