Financial Accounting Nov/Dec 2015

Section B:  Financial Accounting Practice

Question 8

 

  1. This question required candidates to prepare:

    (a)      Trading, Profit and Loss Account;
    (b)      Partners current Account in column form.

 

Observation

Many candidates attempted the question and the performance was good.  Few of them lost mark in Partners’ Current Account. Candidates need extra work on Final Account of Partnership Business so as to score high marks in future examinations.