Financial Accounting WASSCE (PC), 2018

Section B: Financial Accounting Practice

 

Question 7

     

    In this question, candidates were required to prepare:
                (a)        Trading, Profit and Loss Account;
                (b)        Profit and Loss Appropriation Account.

Observation

Majority of the candidates that attempted the question performed very well.  Few candidates lost marks due to wrong computations in sharing profit and loss.