Financial Accounting WASSCE (PC 2ND), 2018

Section B: Financial Accounting Practice

 

 

     

    Question 7:

    In this question, candidates were required to:


    (a)  Calculate Closing Capital;
    (b)  Prepare Statement of Net Profit;
    (c)  Prepare Statement of Financial Position (Balance Sheet).

     

     

Observation

 

 

Majority of the candidates that attempted the question put up an impressive performance and gained high marks in the question.