Financial Accounting Paper 2, Nov/Dec 2014

Questions:	1	2	3	4	5	6	7	8	9	Main

General Comments
Weakness/Remedies
Strength

Section A: Theory of Financial Accounting Question 1
What is partnership business? Define a dormant partner State five rules applicable to the preparation of partnership final account in the absence of a partnership agreement.
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Observation
Majority of the candidates attempted this question and performed well