Financial Accounting Nov/Dec 2015

Candidates' Weakness/Remedies

 

Candidates’ weaknesses were observed in question testing the following topics:

-  Theory on Petty Cash Book;
- Capital and Revenue Expenditure;
- Item contained in the original book of account;
- Income and Expenditure Account and Balance sheet.
                                                           
 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.
- Candidates should read the questions very well in order to understand the requirement of each question.