Financial Accounting WASSCE (SC), 2017

Section A: Theory of Financial Accounting

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Question 1

  1.  

    (a)        What is a source document?

    (b)        State six types of subsidiary books.

    (c)        State  three uses of subsidiary books.

Observation

Majority of the candidates attempted this question and performed well.  However, few of them misinterpret subsidiary books as source documents and vice-versa.