Financial Accounting WASSCE (PC), 2016

Section B:  Financial Accounting Practice

Question 7

 

    In this question, candidates were required to prepare:
               

    1. Statement of Affairs as at 1st January, 2014;
    2. Total Debtors and Total Creditors Accounts;
    3. Trading and Profit and Loss account for the year ended 31st December, 2014;
    4. Balance sheet as at 31st December, 2014.

 

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.