XAMINER’S GENERAL COMMENTS The general performance of most of the candidates was below average. It showed that they were not prepared and ready for the examination. They showed lack of understanding of the Accounting Standards and especially the double entry principles. Candidates with high understanding of the Accounting Standards scored high marks especially in questions two and five. The orderly and logical presentation of answers continued to be a challenge to most candidates.

STANDARD OF THE PAPER The standard of the questions was generally good and could be compared to those of the earlier years administered in terms of volume of adjustments required. The questions covered all the relevant sections of the syllabus. All the questions reflected the weighting of the topics in the syllabus, and the mark allocations followed a similar pattern in the previous exams. There were no ambiguities or typing errors noted in the paper. Questions one, three and four were without much complications. Questions 2 and 5 (b) and (c) were on the Accounting Standards and the volumes of work required were commensurate with the allotted time and marks. The questions were not too loaded except question five. For instance, in question 5, the number of entries to be passed in respect of the partnership question for a 15 mark question was on the high side.