Financial Accounting WASSCE (PC 2ND), 2022

Section B: Financial Accounting Practice

 

    Question 7:

    In this question, candidates were required to:

     

    (a)        Calculate the capital;
    (b)        Prepare:
    (i)         Statement of net profit;
    (ii)        Balance Sheet.

     

     

Observation

 

Most candidates attempted this question and their performance was brilliant. Candidates’ performance portrays a good understanding of the topic as overall valuable marks were gained by candidates in this question.