Financial Accounting Paper 2, Nov/Dec 2014

Questions:	1	2	3	4	5	6	7	8	9	Main

General Comments
Weakness/Remedies
Strength

Section A: Theory of Financial Accounting Question 2
The agreement of a trial balance does not necessarily mean that the ledger entries are absolutely correct. State five errors that justify this statement and explain any three. Explain the situation that would require an accountant to raise a suspense account.
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Observation
Many of the candidates attempted this question and their performance was very high.