Financial Accounting WASSCE (PC), 2018

Section B: Financial Accounting Practice

 

Question 6

    In this question, candidates were required to prepare:
                (a)        Statement of Affairs;
                (b)        Statement showing the net profit or loss for the year.

Observation

Most candidates attempted this question and the performance was good. They seemed to be familiar with questions on incomplete records and single entry as majority of them scored high marks in this question.