Financial Accounting WASSCE (PC), 2016

Section B:  Financial Accounting Practice

Question 9

 

    In this question, candidates were required to prepare Statements of Capital Expenditure and the Recurrent Expenditure.

Observation

Most candidates attempted the question performed very well.  However, few candidates scored low marks due to their inability to differentiate between items of capital expenditure and recurrent expenditure. As a result, postings were wrongly transposed in the financial statements.