Financial Accounting WASSCE (PC), 2019

Section B: Financial Accounting Practice

Question 9


In this question, candidates were required to prepare a petty cash book.

Observation


Good number of the candidates attempted the question and the performance was poor. Majority of them got good marks in posting some of the items, however, they loss marks due to their inability to adhere to the instruction in the question where it was stated that cash in hand of the business should not fall below Le 6,000 . Hence, wrong figures were brought down for the transactions whenever the cash fell below the amount stated.