Storekeeeping WASSCE (SC), 2016

Question 4


The candidates were expected to prepare Stock Ledger Account using LIFO method.


Large percentage of candidates did not attempt this question. Majority of those who attempted the question did not perform well. Instead of preparing Stock Ledger Account using LIFO method, some candidates were preparing Profit and Loss account, Sales Ledger Account, Purchasing Ledger Account.


The correct response expected from the candidate is;