Section B: Financial Accounting Practice
Question 7
- Statement of Affairs as at 1st January, 2014;
- Total Debtors and Total Creditors Accounts;
- Trading and Profit and Loss account for the year ended 31st December, 2014;
- Balance sheet as at 31st December, 2014.
In this question, candidates were required to prepare:
Observation
Majority of the candidate that attempted the question and the performance was quite impressive as majority of the candidates gained most of the marks allotted.