Financial Accounting WASSCE (SC), 2019

Section B: Financial Accounting Practice

 

Question 8


In this question, candidates were required to prepare:

(a) Journal entries to correct errors;

(b) Suspense Account.

Observation


Majority of the candidates avoided this question and those that attempted it performed fairly. Some of them who lack basic knowledge of journal entry transposed the items of debit for credit and vice versa while few others failed to state the narrations of the items in the journal.