Financial Accounting WASSCE (SC), 2019

Section B: Financial Accounting Practice

 

Question 6


In this question, candidates were required to prepare:

(a) Profit and Loss Appropriation Account;

(b) Partners’ Current Accounts.

Observation


Few of the candidates attempted this question and performed poorly as majority of those that attempted it could not post items correctly into relevant accounts. This displayed the candidates’ insufficient knowledge of double entry in partnership account.