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Financial Accounting Paper 2, Nov/Dec 2007  
Questions: 1 2 3 4 5 6 7 8 9 Main
General Comments
Weakness/Remedies
Strength











question 5

This was a question on Bank Reconciliation Statement.
Candidates were required to:

(i) Update the Cash Book
(ii) Prepare a bank reconciliation statement.


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OBSERVATION

The performance in this question was very poor because many candidates did not know that when a bank statement shows an overdrafts in the adjusted cash Book, the unaccredited cheques are to be added to the balance while unpresented cheques are deducted from the balance.

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