Financial Accounting WASSCE (PC 2ND), 2020

         
Section  B:      Financial Accounting Practice

 

 

 

Question 5

 

 

  1.   (a)      write up journal entries to correct the errors


    (bi)   show the corrected net profit

In this question, candidates were required to write up journal entries to correct the errors in question (a) and prepare statement to show the corrected net profit in question (b).

Comment
Majority of the candidates attempted this question but only few of them performed very well.  Some of the candidates prepared suspense account instead of preparing the statement to show the net profit as requested by the examiner.

 
 
Financial Accounting WASSCE (PC 1ST), 2021


Financial Accounting WASSCE (PC 1ST), 2021

General Comments

 

 

The standard of the paper compared favourably with those of the previous years. 
The questions were evenly spread across the topics in the syllabus and were not ambiguous.
There was decline in general performance of the candidates compared with
that of the previous year.