Question 6
In this question, candidates were required to prepare:
(a) Subscriptions Account;
(b) Competition Prizes Suppliers Account;
(c) Competition Trading Account;
(d) Income and Expenditure Account.
Observation
Majority of the candidates attempted this question and the performance was excellent with many of them scoring high marks in the question by avoiding mix up of competition prizes suppliers’ account with competition trading account as expected by the examiner.