Financial Accounting WASSCE (PC 2ND), 2022

Section B: Financial Accounting Practice

 

 

    Question 6:

    In this question, candidates were required to prepare:
                (a)        Subscriptions Account;
                (b)        Rent Account;
    (c)        Salaries Account;
    (d)        Statement of Accumulated fund.

Observation

 

 

Few candidates attempted this question on ledger of not-for-profit making organization and the performance was average. Candidates’ weaknesses were expressed in their mis-interpretation of double entry principles.