Question 5
Bookkeeping Practice.
Candidates were required to prepare:
- Provision for Doubtful Debts Account.
- Provision for Discount Allowed Account.
- Balance Sheet Extracts.
Comments
A good number of candidates who attempted this question understood the question and gained reasonable marks. However, those who lack the basic knowledge of provisions and discounts lost valuable marks as the answers provided by most of them were disjointed.