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Financial Accounting Paper 2, Nov/Dec 2009  
Questions: 1 2 3 4 5 6 7 8 9 Main
General Comments
Weakness/Remedies
Strength







 Majority of the candidates attempted this question and performed very well
Question 4

Differentiate between the following paired terms:

  1. Carriage inwards and revenue receipts;
  2. Capital receipts and revenue receipts;
  3. Cost of goods sold and cost of goods available for sale;
  4. Accrued expenses and prepaid expenses;
  5. Discounts allowed and discounts received.
_____________________________________________________________________________________________________
Observation

Majority of the candidates attempted this question and performed very well.

 

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