waecE-LEARNING
Home
Technical
Mathematics
Languages
Science
Social Science
Art
Literature Arabic Islamic Studies C.R.K HistoryMusicVisual Art Clothing/Textile Home Management Shorthand
 
Financial Accounting Paper 2, Nov/Dec 2008  
Questions: 1 2 3 4 5 6 7 8 9 Main
General Comments
Weakness/Remedies
Strength




























question 3

  1. What is single entry system of booking
  2. State three  causes of single entry
  3. Explain:
  • (i) mark-up;
  • (ii)  margin:


_____________________________________________________________________________________________________
observation

Majority of candidates attempted this question and performed well in 3a and 3b, but could not explain correctly mark-up and margin.
The expected answer in 3C i & ii are:
Mark-Up:  This is gross profit expressed as a percentage of cost of goods sold.
Margin:   This is gross profit expressed as a percentage of sales.

Powered by Sidmach Technologies(Nigeria) Limited .
Copyright © 2021 The West African Examinations Council. All rights reserved.