JUNE EXAMINATION PAPER 200 marks 2 hours GRADE 10 ACCOUNTING
|
|
- Abner Alexander
- 5 years ago
- Views:
Transcription
1 JUNE EXAMINATION PAPER 200 marks 2 hours GRADE 10 ACCOUNTING INSTRUCTIONS AND INFORMATION: 1. Answer ALL the questions in the Answer Book provided. 2. Show all workings/calculations in order to achieve part-marks. 3. Read the instructions carefully and answer them precisely. 4. Non-programmable calculators may be used. Refrain from borrowing stationery whilst in the examination room. 5. You may use a dark pencil or black/blue ink to answer the questions. 6. Write neatly and legibly. Note that marks may be lost for important dates omitted, the use of nonstandardised abbreviations, and over-writing of figures. 7. Use the table below as a guide to manage your time. Try not to deviate from it. QUESTION TOPIC / DESCRIPTION MARKS TIME GUIDE 1 Concepts, Indigenous and Analysis Cash journals General Ledger and General Journal Debtors ledger and Creditors ledger Salaries calculations TOTAL minutes QUESTION CONCEPTS: Match the concepts in Column A with the explanations given in Column. Write the letters only, next to each number in your Answer Book. (5) COLUMN A COLUMN B Liabilities A This is a financial statement that shows the net worth of a business Fixed assets B This consists of the capital contribution and the profit made by the business Income Statement C This is the total of all long term and short term debts of a business Balance Sheet D This financial statement shows the profit or loss for a specific accounting period Owner s equity E Land and buildings and equipment are examples of this. 1.2 INDIGENOUS ACCOUNTING: Benson operates a fruit and vegetable stall as a street vendor To which sector of the economy does this type of business belong? (1) Provide TWO factors that makes this different from businesses in the other sectors of the economy. (4) Explain how this sector is beneficial to an economy. Provide TWO points. (4) Identify TWO shortcomings of such business ventures. (4)
2 1.3 ANALYSIS OF TRANSACTIONS: Analyse the following transactions according to the headings on the table provided. Follow the example provided. The bank balance is positive. TRANSACTIONS: The owner, P. Masanga, increased his capital contribution by contributing a motor vehicle valued at R Issued a cheque to Hilda Traders for the following: Trading goods R Cleaning detergents for the shop R Cash sales for the week amounted to R (profit mark-up on cost is 60%) Returned damaged stationery to Motre Suppliers (a creditor), R It was decided to write off the account of Will Notpay (a debtor), R QUESTION 2 The following information was extracted from the records of Cheryl Traders for April Complete the Cash Receipts Journal and Cash Payments Journal for April Do not total the journals. Insert your own document numbers. INFORMATION: Transactions for April 20.6: 3 Received an EFT payment from BOB Bank for R This was for a loan negotiated in January Invested R in a Fixed deposit at 10% p.a. interest at BOB Bank. Paid electronically. 6 Took delivery of trading goods purchased from Yello Stores. Issued cheque for R Issued cheque for R320 to U-Haul Transport for the delivery of the goods purchased above. 9 Made an EFT payment in favour of Brown Cash n Carry for the following: Trading goods R7 330 and a computer for office use R Received a cheque from K. Raman (a debtor) for R970 in settlement of his account of R Issued a cheque for R7 600 to BEEG Wholesalers being the monthly instalment for goods purchased on credit, after a discount of a 5% discount was deducted, when this payment was made. 29 Bank statement received from ST Bank, showed the following: Service fees R95; cash deposit fees R135; credit card levies R170; Interest on credit balance R120. Debit order payment to SW Insurers for the insurance on the owner s car, R365.
3 QUESTION GENERAL LEDGER: DEBTORS & CREDITORS CONTROL ACCOUNTS [28] The following journal totals were taken from the records of Naidoo Stores. Post to the Debtors control account and the Creditors control account in the General Ledger. Balance the accounts at the end of the month. INFORMATION: BALANCES AND TOTALS ON 1 APRIL : Debtors control R Creditors control R TOTALS FROM THE JOURNALS ON 30 APRIL : CASH RECEIPTS JOURNAL Debtors control Cost of Sundry Bank Sales Discount sales Receipts amounts allowed CASH PAYMENTS JOURNAL Creditors control Trading Debtors Sundry Bank Discount stock control Payments amounts received CREDITORS JOURNAL Creditors Packing Sundry Trading stock Equipment control material amounts CREDITORS ALLOWANCES JOURNAL Creditors Packing Sundry Trading stock Equipment control material amounts PETTY CASH JOURNAL Postage and Debtors Sundry Petty Cash Trading stock stationery control amounts DEBTORS JOURNAL Sales Cost of sales DEBTORS ALLOWANCES JOURNAL Debtors allowances Cost of sales TRADING STOCK ACCOUNT [19] INFORMATION: The following incomplete Trading stock account appeared in the General Ledger:
4 GENERAL LEDGER OF NAIDOO STORES BALANCE SHEETS ACCOUNTS SECTION Dr Trading stock B7 Cr Apr 1 Balance b/d Apr 30 Cost of sales CRJ (a) CPJ Cost of sales (d) Creditors control (b) (e) CAJ (c) DAJ Drawings (f) Provide relevant details or folio references for (a) (f). (6) The business applies a mark-up of 50% on cost for all sales transactions. Calculate the total cash sales for the month. (4) Identify the error in posting. Explain your choice. (4) Calculate the correct Trading stock balance on 30 April , after correcting the error. (5) 3.3 GENERAL JOURNAL [23] The following entries were extracted from the records of Glynis Stores during June Prepare General Journal entries to take into account the transactions below. Narrations are not necessary. Complete the Debtors and Creditors control columns. Do not total. (19) Besides charging interest, list TWO other ways that the business can use to encourage debtors to pay their accounts on time. (2) What can the business do to minimise the incidence of debtors accounts being written off as bad debts? Give TWO points. (2) INFORMATION: (a) (b) (c) (d) (e) Interest on the overdue account of M. Jara must be charged at 12% p.a. His balance of R2 800 is three months overdue. The owner used stationery valued at R320 from the office to complete his son s school assignment. A payment of R2 300 received from debtor P. de Kok was posted in error to the account of M. de Kok in the Debtors Ledger. Consumable stores purchased for R4 200 was posted in error to the Trading stock account in the General Ledger. Goods purchased on credit from Milton Suppliers, R8 800 was posted in error to the Creditors Ledger account of Malwande Suppliers. QUESTION 4 DEBTORS & CREDITORS LEDGER [25] 4.1 CREDITORS LEDGER You are presented with the Creditors Ledger account of Awethu Suppliers (CL8) in the books of Amandla
5 Traders. Taking into account the information provided below, complete the Creditors Ledger account by filling in all the missing details and amounts. Folio references must be inserted. (10) INFORMATION: CREDITORS LEDGER OF AMANDLA TRADERS Awethu Suppliers CL8 Date Details Fol Debit Credit Balance 20.7 May 1 Balance (account rendered) b/d Invoice No CPJ Discount received Additional information: An extra 5% discount, calculated on the amount paid, was received when the payment was made on the 17 th. Stationery not according to order, R1 180, received with the purchases on the 5 th was returned on the 20th. Trading goods purchased on the 25 th were subject to a 10% trade discount. The invoice total before the discount was R DEBTORS LEDGER Enter the following transactions directly to the Debtors Ledger account of S. Jacobs in the books of Phetela Traders. Folio references are required. (15) INFORMATION OF S. JACOBS FOR MAY 20.7 DATE DETAILS AMOUNT 1 Amount owing by S. Jacobs (balance) R Issued invoice No. 228 R S. Jacobs returned damaged goods. R Received a cheque from S. Jacobs for the amount due on the 1 May 20.7 after granting a 5% discount.? 16 S. Jacobs purchased goods for R She paid R500 cash. An invoice was issued for the difference.? 22 Received a notice from the bank informing us that the cheque received on 12 th was dishonoured due to insufficient funds.? QUESTION SALARY SCALE [10] Sheila Greyson was excited to receive a letter stating that she was successful in receiving a job at Wasp Traders. She was given the following salary scale: x x Calculate Sheila s monthly salary in her first year of employment. (2)
6 5.1.2 What will her annual salary be in her third year of employment? (2) What will her monthly increase be in her fifth year of employment? (3) In which year of employment would she receive R p.a.? (3) 5.2 ANALYSING A SALARY ADVICE [20] You are presented with the salary advice of Phumza Stone Calculate the net salary of Phumza Stone. (2) Phumza receives a percentage of her gross salary when income targets are met. Calculate the percentage of the bonus she received this month. (3) The business pays R1.50 for every R1 paid by the employee in respect of Medical Aid. Calculate the total amount paid to Disck Medical Aid based on this salary slip. (3) Determine the Pension Fund policy with regards to employee deductions and employers contribution. Show calculations. (6) Calculate the total cost to the business with regards to Phumza s salary for this month. (6) INFORMATION: OXFORD SALON SALARY ADVICE Date: 31 May 20.7 Employee: Phumsa Stone Job Title: Manicurist BASIC SALARY R Bonuses and allowances 525 GROSS SALARY TOTAL DEDUCTIONS : Libre Pension fund PAYE UIF 175 Disck Medical Aid 400 NET SALARY DUE TO EMPLOYEE? Employer s Contribution: Libre Pension Fund UIF 175 Disck Medical Aid? Skills Development Levy 175 TOTAL COST TO BUSINESS?
7 ANSWER BOOK QUESTION CONCEPTS: [5] INDIGENOUS ACCOUNTING: [13] To which sector of the economy does this type of business belong? (1) Provide TWO factors that makes this different from businesses in the other sectors of the economy. (4) Explain how this sector is beneficial to an economy. Provide TWO points. (4) Identify TWO shortcomings of such business ventures. (4) 1.3 ANALYSIS OF TRANSACTIONS: [32] Example: Bought stamps and paid from petty cash, R50. Journal Account debited Account credited General Ledger No. Asset Equity E.g. PCJ Postage Petty cash Liability
8 QUESTION 2 CASH RECEIPTS JOURNAL OF CHERYL TRADERS APRIL 20.6 Analysis Doc. D Details Fol of Bank No. receipts Sales Cost of sales Debtors control Discount Receipts allowed Sundry accounts Amount Fol Details CRJ8 (10) CASH PAYMENTS JOURNAL OF CHERYL TRADERS APRIL 20.6 Creditors control Doc. D Details Fol Bank Discount No. Payments received Wages & salaries Trading stock Sundry accounts Amount Fol Details CPJ8
9 20.6 Apr QUESTION GENERAL LEDGER: DEBTORS & CREDITORS CONTROL ACCOUNTS [28] GENERAL LEDGER OF NAIDOO STORES BALANCE SHEET ACCOUNTS SECTION Dr DEBTORS CONTROL B Cr 20.6 Apr 20.6 Apr CREDITORS CONTROL 20.6 Apr B (16) (12) 3.2 TRADING STOCK ACCOUNT [19] Provide relevant details or folio references for (a) (f). (6) (a) (b) (c) (d) (e) (f)
10 3.2.2 Calculate the total cash sales for the month. (4) Identify the error in posting. Explain your choice. (4) Calculate the correct Trading stock balance on 30 April 20.9, after correcting the error. (5) 3.3 GENERAL JOURNAL [23] GENERAL JOURNAL OF GLYNIS STORES JUNE 20.9 GJ J/V D Details F Debit Credit Debtors control Creditors control Debit Credit Debit Credit (a) (b) (c) (d) (e) Besides charging interest, list TWO other ways that the business can use to encourage debtors to pay their accounts on time. (2) (19)
11 3.3.3 What can the business do to minimise the incidence of debtors accounts being written off as bad debts? Give TWO points. (2) QUESTION DEBTORS & CREDITORS LEDGER [25] CREDITORS LEDGER OF AMANDLA TRADERS Awethu Suppliers CL8 Date Details Fol Debit Credit Balance 20.7 May 1 Balance (account rendered) b/d Invoice No CPJ Discount received (10) DEBTORS LEDGER OF PHETELA TRADERS S. Jacobs DL9 Date Details Fol Debit Credit Balance 20.7 May (15)
12 QUESTION SALARY SCALE [10] Calculate Sheila s monthly salary in her first year of employment. (2) What will her annual salary be in her third year of employment? (2) What will her monthly increase be in her fifth year of employment? (3) In which year of employment would she receive R p.a.? (3) 5.2 ANALYSING A SALARY ADVICE [20] Calculate the net salary of Phumza Stone. (2) Phumza receives a percentage of her gross salary when income targets are met. Calculate the percentage of the bonus she received this month. (3) The business pays R1.50 for every R1 paid by the employee in respect of Medical Aid. Calculate the total amount paid to Disck Medical Aid based on this salary slip. (3) Determine the Pension Fund policy with regards to employee deductions and employers contribution. Show calculations. (6) Calculate the total cost to the business with regards to Phumza s salary for this month. (6)
13 SOLUTION QUESTION CONCEPTS: (5) C E D A B 1.2 INDIGENOUS ACCOUNTING: To which sector of the economy does this type of business belong? (1) Informal / Unregistered sector Provide TWO factors that makes this different from businesses in the other sectors of the economy. (4) Any TWO relevant factors They can be easily set up. No set business address. May be a home, street. Do not pay taxes. No proper records. Depends on the interest or need of the owner Explain how this sector is beneficial to an economy. Provide TWO points. (4) Any TWO relevant factors The unemployed decide to be self-employed. Contribute to the economy provide a service where needed. Addresses socio-economic problems. Reduces crime Identify TWO shortcomings of such business ventures. (4) Any TWO relevant factors Usually lack the skills and knowledge of running a business. May not have sufficient capital to be more productive. May not be able to manage their finances and cash flows (business and personal). No continuity. 1.3 ANALYSIS OF TRANSACTIONS: (32) Example: Bought stamps and paid from petty cash, R50. No. Journal General Ledger Account debited Account credited Asset Equity1 Liability E.g. PCJ Postage Petty cash GJ Motor vehicle Capital Trading stock Bank ± CPJ Consumable stores / cleaning materials Bank CRJ Bank Sales Cost of sales Trading stock CAJ Creditors control Stationery GJ Bad debts Debtors control
14 The Owner s equity column is the same as the Owner s equity note in the Balance Sheet. All entries that affect the Owner s equity (the owner s investment in the business) will be entered in this column. Besides capital and drawings the net profit also is added to capital. All income therefore increases the profit the owner gets and expenses decrease the profit the owner receives. Cleaning materials is an expense; decreases the profit the owner receives. For every sale there must be a cost of sales entry. When the stationery was purchased it would have been treated as an expense (OE-). Now the expense must be cancelled. It will no longer have an effect on the profit (OE+).
15 QUESTION 2 CASH RECEIPTS JOURNAL OF CHERYL TRADERS APRIL 20.6 CRJ8 Analysis Debtors control Sundry accounts Doc. Cost of Day Details Fol of Bank Sales Discount No. sales Receipts Amount Fol Details receipts allowed B/S 3 BOB Bank Loan: BOB Bank K. Raman B/S 29 Bank Interest income1 (10) 1 The bank is paying interest to the business. This is an income. The bank will deposit the money directly in the bank account, therefore it does not appear in the Analysis column = R50 CASH PAYMENTS JOURNAL OF CHERYL TRADERS APRIL 20.6 CPJ8 Creditors control Sundry accounts Doc. Wages & Trading Day Details Fol Bank Discount No. Payments salaries stock Amount Fol Details received B/S 4 BOB Bank Fixed deposit Yello Stores U-Haul Transport B/S 9 Brown Cash n Carry Equipment BEEG Wholesalers B/S 29 ST Bank Bank charges2 (15) 1 R7 600 = 95% (the discount has already been deducted) 7600 x 5 /95 = R400 2 It is not necessary to split the charges made by the bank (concept of materiality). One entry is made for the total.
16 QUESTION GENERAL LEDGER: DEBTORS & CREDITORS CONTROL ACCOUNTS [28] GENERAL LEDGER OF NAIDOO STORES BALANCE SHEET ACCOUNTS SECTION Dr DEBTORS CONTROL B Cr Apr 1 Balance b/d Apr 30 Bank CRJ Bank CPJ Discount allowed CRJ Petty cash1 PCJ 600 Debtors allowance DAJ Sales DJ Balance c/d May 1 Balance b/d (16) CREDITORS CONTROL B Apr 30 Bank CPJ Apr 1 Balance b/d Discount received CPJ Total purchases2 CJ Total allowances2 CAJ Balance c/d May 1 Balance b/d (12) The business may have refunded the debtor. E.g. Hhe/she may have overpaid or he/she may have returned goods. Petty cash decreases and the debtor s account increases. This cancels the credit entry that was made in the debtor s account. Another possibility is that the business paid for transport (decreased petty cash) but they are charging this to the debtor (increasing the amount owed). OR Sundry accounts. 3.2 TRADING STOCK ACCOUNT [19] Provide relevant details or folio references for (a) (f). (6) (a) (b) (c) (d) (e) (f) Bank CJ Cost of sales DJ Creditors control GJ Calculate the total cash sales for the month. (4) x 150%= R [You can use either cost of sales entry (CRJ or DJ or the total of the two) and add the mark-up to the cost price.] Identify the error in posting. Explain your choice. (4) Drawings posted on the wrong side. Drawings would decrease the Trading Stock. It should be credited. Dr Drawings; Cr Trading stock
17 3.2.4 Calculate the correct Trading stock balance on 30 April , after correcting the error. (5) ( ) ( ] = R [Totals from the debit side - Totals from the credit side] 3.3 GENERAL JOURNAL [23] GENERAL JOURNAL OF GLYNIS STORES JUNE GJ Debtors control Creditors control J/V D Details F Debit Credit Debit Credit Debit Credit (a) M. Jara Interest income 84 (b) Drawings 320 Stationery 320 (c) M. de Kok P. de Kok (d) Consumable stores Trading stock (e) Malwande Suppliers Milton Suppliers *Details and amounts for 1 tick. (19) Note: The correct contra account names must be used in a General Journal. The debit entry must be recorded first. If the entry concerns a debtor or creditor then the amount is also recorded in the Debtors or Creditors control column Besides charging interest, list TWO other ways that the business can use to encourage debtors to pay their accounts on time. (2) Any TWO points Discounts, sms s, regular statements, reminders, gift vouchers, etc What can the business do to minimise the incidence of debtors accounts being written off as bad debts? Give TWO points. (2) Any TWO points Screen new debtors, set credit limits, regular follow-up on outstanding debts, payment plans, etc. QUESTION DEBTORS & CREDITORS LEDGER [25] CREDITORS LEDGER OF AMANDLA TRADERS Awethu Suppliers CL8 Date Details Fol Debit Credit Balance Balance (account rendered) b/d
18 May 5 Invoice No. 621 CJ Cheque XX CPJ Discount received CPJ Debit note XX CAJ Invoice No. XX CJ (10) DEBTORS LEDGER OF PHETELA TRADERS S. Jacobs DL9 Date Details Fol Debit Credit Balance 20.7 May 1 Balance (account rendered) Invoice 228 DJ Credit Note XX DAJ Receipt No. XX CRJ Discount allowed CRJ Invoice No. XX DJ Cheque R/D CPJ Discount cancelled GJ for incorrect/no details (15) Note: In the debtors and creditors individual accounts, there is no double entry. It is common practice to just state the document only or if there is no document to give details, e.g. discount cancelled. QUESTION SALARY SCALE [10] Calculate Sheila s monthly salary in her first year of employment. (2) = R What will her annual salary be in her third year of employment? (2) = R What will his monthly increase be in her 5 th year of employment? (3) = R In which year of employment would she receive R p.a.? (3) R (1 st ); R (2 nd ); R (3 rd ); R (4 th ); R (5 th ); R (6 th ); R (7 th ); *[Refer to the table below] Seventh year * Details of the salary scale: Year Increase Annual Monthly salary salary
19 5.2 ANALYSING A SALARY ADVICE [20] Calculate the net salary of Phumza Stone. (2) = R Phumza receives a percentage of her gross salary when income targets are met. Calculate the percentage of the bonus she received this month. (3) 525 x 100 = 3% The business pays R1.50 for every R1 paid by the employee in respect of Medical Aid. Calculate the total amount paid to Disck Medical Aid based on this salary slip. (3) 400 x 1.5 = R = R Determine the Pension Fund policy with regards to employee deductions and employers contribution. Show calculations. (6) / x 100 = 8% / x 100 = 11% Employee pays 8% and the business contributes 11%. 19% goes to the pension fund on behalf of each employee Calculate the total cost to the business with regards to Phumza s salary for this month. (6) = R [Cost to company = Gross salary + Contributions] 1..
ACCOUNTING GRADE 10 NOVEMBER 2015
ACCOUNTING GRADE 10 NOVEMBER 2015 MARKS: 300 TIME: 3 HOURS THIS QUESTION PAPER CONSISTS OF 13 PAGES INCLUDING THE COVER PAGE AND AN ANSWER BOOK OF 14 PAGES. 1 INSTRUCTIONS AND INFORMATION Read the following
More informationGRADE 10 CLASS TEST POSTING TO THE LEDGER 50 minutes; 70 marks
GRADE 10 CLASS TEST POSTING TO THE LEDGER 50 minutes; 70 marks INSTRUCTIONS: 1. You are provided with complete cash journals of Mars & Sons who are a stationery shop that sell to the public at a mark-up
More informationCONTROL ACCOUNTS. The debtors control and creditors control accounts facilitates accounting control over the debtors and creditors accounts.
CONTROL ACCOUNTS SPECIFIC OUTCOMES Post to the general ledger, debtors ledger and creditors ledger from the subsidiary books and balance ledger accounts where necessary. Reconcile the control accounts
More informationGRADE 10 ASSESSMENT TEST: 1 HOUR ACCOUNTING. Enter the correct source document next to the relevant journal in the space provided below:
GRADE 10 ASSESSMENT TEST: 1 HOUR ACCOUNTING QUESTION ONE (10 MARKS) Enter the correct source document next to the relevant journal in the space provided below: Source Document: Receipt Bank Statement Credit
More informationGRADE 10 ACCOUNTING CYCLE TEST TERM 2 APRIL marks 60 minutes. QUESTION 1 TRANSACTION ANALYSIS (18 marks; 13 minutes)
GRADE 10 ACCOUNTING CYCLE TEST TERM 2 APRIL 201 80 marks 60 minutes INSTUCTIONS: 1) Answer on the answer booklet provided. 2) You may use pencil ) No tip-ex is allowed 4) Write neatly QUESTION 1 TRANSACTION
More informationGR. 9 EMS REVISION TEST TERM 4
TOTAL: 50 GR. 9 EMS REVISION TEST TERM 4 DURATION: 30 MINUTES QUESTION 1 POSTING TO GENERAL LEDGER AND DEBTOR S LEDGER [28 marks; 18 minutes] Toys 4 Us toy store sells toys to various other toy stores
More informationDirectorate: Curriculum FET ACCOUNTING. PREPARATION FOR GRADE 10 Workbook
Directorate: Curriculum FET ACCOUNTING PREPARATION FOR GRADE 10 Workbook Activity 1.1 Baseline assessment Concept Answer Definition Asset A Book of first entry where information is recorded from the source
More informationACCOUNTING JUNE EXAMINATION GRADE 11
1 ACCOUNTING JUNE EXAMINATION 2015 GRADE 11 MARKS: 300 TIME: 3 HOURS This Question paper consists of 13 pages and 11 pages Answer book INSTRUCTIONS AND INFORMATION 2 1. You are provided with a question
More informationGRADE 12 SEPTEMBER 2012 ACCOUNTING
Province of the EASTERN CAPE EDUCATION NATIONAL SENIOR CERTIFICATE GRADE 12 SEPTEMBER 2012 ACCOUNTING MARKS: 300 TIME: 3 hours This question paper consists of 17 pages. 2 ACCOUNTING (SEPTEMBER 2012) INSTRUCTIONS
More informationGRADE 11 NOVEMBER 2013 ACCOUNTING
NATIONAL SENIOR CERTIFICATE GRADE 11 NOVEMBER 2013 ACCOUNTING MARKS: 300 TIME: 3 hours This question paper consists of 18 pages. 2 ACCOUNTING (NOVEMBER 2013) INSTRUCTIONS AND INFORMATION 1. This question
More informationBookkeeping and Accounting 1
BOOBUS1 JUNE 2013 EXAMINATION DATE: 12 JUNE 2013 TIME: 14H00 16H30 TOTAL: 100 MARKS DURATION: 2½ HOURS PASS MARK: 40% (QL-11 / AU-55) Bookkeeping and ing 1 THIS EXAMINATION PAPER CONSISTS OF 2 SECTIONS:
More informationDEBITORS & CREDITORS RECONCILIATIONS (LIVE) 14 MAY 2015 Section A: Summary Content Notes
DEBITORS & CREDITORS RECONCILIATIONS (LIVE) 14 MAY 2015 Section A: Summary Content Notes An important part of managerial accounting is for a business to keep track of its debtors. The Debtors Control account
More informationCycle Test 1: Term 1 Grade 11 Accounting February 2014 BANK RECONCILIATIONS, CREDITORS RECONCILIATIONS, ETHICS AND CONTROLS
Cycle Test 1: Term 1 Grade 11 Accounting February 2014 BANK RECONCILIATIONS, CREDITORS RECONCILIATIONS, ETHICS AND CONTROLS Examiner: J Cansfield Marks: 100 Time: 1 hour Instructions: 1. Answer on this
More informationCONTROL TEST 1 TOTAL: 70
CONTROL TEST 1 TOTAL: 70 NAME: Question 1 (36 Marks) The following information relates to Always Talking Stores, owned by Ruby Uys Required: Use the information given below to complete the general ledger
More informationSENIOR CERTIFICATE EXAMINATIONS
SENIOR CERTIFICATE EXAMINATIONS ACCOUNTING 2016 MARKS: 300 TIME: 3 hours This question paper consists of 21 pages and an answer book of 20 pages. Accounting 2 DBE/2016 INSTRUCTIONS AND INFORMATION Read
More informationNATIONAL SENIOR CERTIFICATE GRADE 12
NATIONAL SENIOR CERTIFICATE GRADE 12 ACCOUNTING FEBRUARY/MARCH 2014 MARKS: 300 TIME: 3 hours This question paper consists of 24 pages and an 18-page answer book. Accounting 2 DBE/Feb. Mar. 2014 INSTRUCTIONS
More informationACCOUNTING PAPER I. 1. This paper consists of 9 pages. Please check that your question paper is complete.
GRADE 11 EXAMINATION NOVEMBER ACCOUNTING PAPER I Time: 2 hours 200 marks PLEASE READ THE FOLLOWING INSTRUCTIONS CAREFULLY 1. This paper consists of 9 pages. Please check that your question paper is complete.
More informationGRADE 11 NOVEMBER 2013 ACCOUNTING MARKING GUIDELINE (MEMORANDUM)
NATIONAL SENIOR CERTIFICATE GRADE 11 NOVEMBER ACCOUNTING MARKING GUIDELINE (MEMORANDUM) MARKS: 300 GENERAL PRINCIPLES: 1. Where calculations are required, award full marks for the final answer. If the
More informationNATIONAL SENIOR CERTIFICATE GRADE 12
NATIONAL SENIOR CERTIFICATE GRADE 12 ACCOUNTING NOVEMBER 2017 MARKS: 300 TIME: 3 hours This question paper consists of 21 pages and a 17-page answer book. Accounting 2 DBE/November 2017 INSTRUCTIONS AND
More informationACCOUNTING GRADE 12 SEPTEMBER 2015
Metro East Education District ACCOUNTING GRADE 12 SEPTEMBER 2015 MARKS: 300 TIME: 3 hours This question paper consists of 20 pages and an answer book of 19 pages. Accounting 2 MEED September 2015 INSTRUCTIONS
More informationNATIONAL SENIOR CERTIFICATE ACCOUNTING GRADE 12 NOVEMBER 2010 SPECIAL ANSWER BOOK
CENTRE NUMBER EXAMINATION NUMBER NATIONAL SENIOR CERTIFICATE ACCOUNTING GRADE 12 NOVEMBER 2010 SPECIAL ANSWER BOOK QUESTION MARKS INITIAL MOD. 1 2 3 4 5 6 TOTAL This answer book consists of 19 pages. Accounting
More informationGAUTENG DEPARTMENT OF EDUCATION PROVINCIAL EXAMINATION JUNE 2016 GRADE
GAUTENG DEPARTMENT OF EDUCATION PROVINCIAL EXAMINATION JUNE 2016 GRADE 11 ACCOUNTING TIME: 180 minutes MARKS: 300 14 pages ACCOUNTING GRADE 11 2 GAUTENG DEPARTMENT OF EDUCATION PROVINCIAL EXAMINATION ACCOUNTING
More informationPearson Edexcel International GCSE Accounting Paper 1 Time: 2 hours 30 minutes 4AC0/01 You do not need any other materials.
Write your name here Surname Other names Pearson Edexcel International GCSE Accounting Paper 1 Centre Number Candidate Number Tuesday 23 January 2018 - Morning Time: 2 hours 30 minutes You do not need
More informationGRAAD 12 NATIONAL SENIOR CERTIFICATE GRADE 12
GRAAD 12 NATIONAL SENIOR CERTIFICATE GRADE 12 ACCOUNTING FEBRUARY/MARCH 2015 MARKS: 300 TIME: 3 hours This question paper consists of 19 pages and a 17-page answer book. Accounting 2 DBE/Feb. Mar. 2015
More informationNATIONAL SENIOR CERTIFICATE GRADE 12 ACCOUNTING COMMON TEST JUNE 2014
NATIONAL SENIOR CERTIFICATE GRADE 12 ACCOUNTING COMMON TEST JUNE 2014 MARKS: 300 TIME : 3 hours This question paper consists of 16 pages and an answer booklet of 20 pages. *ACCNE* Accounting 2 June 2014
More informationREVISION: DEBTORS & CREDITORS RECONCILIATION 29 AUGUST 2013
REVISION: DEBTORS & CREDITORS RECONCILIATION 29 AUGUST 2013 Lesson Description In this lesson we: Revise Debtors & Creditors Reconciliation Consider the reasons for differences Discuss the procedure for
More informationNATIONAL SENIOR CERTIFICATE (NSC) GRADE 11 FINAL EXAMINATION ACCOUNTING (NSC11-12) DURATION: 3 HOURS DATE: 17 OCTOBER 2013
ACCHIG11 NATIONAL SENIOR CERTIFICATE (NSC) GRADE 11 FINAL EXAMINATION ACCOUNTING (NSC11-12) TIME: 09H00 12H00 TOTAL: 300 MARKS DURATION: 3 HOURS DATE: 17 OCTOBER 2013 This question paper consists of 16
More informationNATIONAL SENIOR CERTIFICATE GRADE 12
NATIONAL SENIOR CERTIFICATE GRADE 12 ACCOUNTING FEBRUARY/MARCH 2017 MARKS: 300 TIME: 3 hours This question paper consists of 17 pages and a 16-page answer book. Accounting 2 DBE/Feb. Mar. 2017 INSTRUCTIONS
More information1.1 List 2 current asset accounts. (2) 1.2 List 2 non-current asset accounts. (2) 1.3 List 2 expense accounts. (2) 1.4 List 2 income accounts.
QUESTION 1 - THEORY [10 MARKS] 1.1 List 2 current asset accounts. (2) 1.2 List 2 non-current asset accounts. (2) 1.3 List 2 expense accounts. (2) 1.4 List 2 income accounts. (2) 1.5 List 2 liability accounts.
More informationECONOMIC AND MANAGEMENT SCIENCES GRADE 8 JUNE EXAMINATION MEMORANDUM
ECONOMIC AND MANAGEMENT SCIENCES GRADE 8 JUNE EXAMINATION MEMORANDUM EXAMINER: C. BUCKLEY/G. BELL DATE: JUNE 2017 MODERATOR: E. FOURIE TIME: 1½ HOURS MARKS: 150 INSTRUCTIONS: 1. Read all the instructions
More informationFINANCIAL ACCOUNTING II
Question 1 You have been asked to sort out the accounts of a client - Mr Soh, a trader. You collect the following information in respect of the year ended 31st December 2006: Assets and Liabilities at
More informationNATIONAL SENIOR CERTIFICATE (NSC) GRADE 11 FINAL EXAMINATION ACCOUNTING (NIT-34) DURATION: 3 HOURS DATE: 18 OCTOBER 2012
ACCHIG11 NATIONAL SENIO CETIFICATE (NSC) GADE 11 FINAL EXAMINATION ACCOUNTING (NIT-34) TIME: 09H00 12H00 TOTAL: 300 MAKS DUATION: 3 HOUS DATE: 18 OCTOBE 2012 This question paper consists of 14 pages. ICG
More informationACCOUNTING: PAPER I INFORMATION BOOKLET
NATIONAL SENIOR CERTIFICATE EXAMINATION NOVEMBER ACCOUNTING: PAPER I Time: 2 hours 200 marks INFORMATION BOOKLET PLEASE TURN OVER Page ii of x QUESTION 1 ASSET MANAGEMENT (15 marks, 12 minutes) Information
More informationFAC1502 Revision material
FAC1502 Revision material PROGRAM Examination issues General problem areas Q & A IMPORTANCE of module This module - foundation of all your studies in accounting Ensure that you understand and know everything
More informationPRINCIPLES OF ACCOUNTS 7110/2
Centre Number Candidate Number Candidate Name CAMBRIDGE INTERNATIONAL EXAMINATIONS General Certificate of Education Ordinary Level PRINCIPLES OF ACCOUNTS 7110/2 PAPER 2 MAY/JUNE SESSION 2002 1 hour 45
More informationTRINITY TUTORIALS EXAM PACK AND STUDY NOTES
TRINITY TUTORIALS EXAM PACK AND STUDY NOTES THIS PACK CONSISTS OF PAST EXAM PAPERS FROM MAY 2009 NOVEMBER 2013 AND THEIR SUGGESTED SOLUTIONS PLUS NOTES WHICH WILL HELP THE STUDENT TO UNDERSTAND AND APPRECIATE
More information1. This paper consists of 11 pages. Please check that your question paper is complete.
GRADE 10 EXEMPLAR EXAMINATION 2006 ACCOUNTING Time: 3 hours 300 marks READ THE FOLLOWING INSTRUCTIONS CAREFULLY 1. This paper consists of 11 pages. Please check that your question paper is complete. 2.
More informationBANK RECONCILIATION. Make supplementary entries in the cash receipts journal and the cash payments journal.
BANK ECONCILIATION SPECIFIC OUTCOMES _ Compare entries in the bank statement with entries in the cash receipts journal, cash payments journal and the bank reconciliation statement of the previous month.
More informationNATIONAL SENIOR CERTIFICATE GRADE 12
NATIONAL SENIOR CERTIFICATE GRADE 12 ACCOUNTING FEBRUARY/MARCH 2009 MARKS: 300 TIME: 3 hours This question paper consists of 18 pages. Accounting 2 DoE/Feb. March 2009 INSTRUCTIONS AND INFORMATION Read
More informationNATIONAL SENIOR CERTIFICATE GRADE 12
NATIONAL SENIOR CERTIFICATE GRADE 12 ACCOUNTING NOVEMBER 2009 MARKS: 300 TIME: 3 hours This question paper consists of 19 pages. Accounting 2 DoE/November 2009 LEAVE THIS PAGE BLANK Accounting 3 DoE/November
More informationNew Era Accounting WORKSHEETS
New Era Accounting WORKSHEETS EMS TRAINING WORKSHEETS Page 1 TASK 3 Spreadsheet of Carol s Curls No. Bank ASSETS Hairdressing Equipment Office equipment LIABILITIES Accounts payable OWNERS' EQUITY 1. 2.
More informationPractice exercise solutions
Bookkeeping to Trial Balance Practice exercise solutions Learning Module: Recording credit and sundry transactions Practice exercise 4a Questions regarding the cashbook receipts: (iii) The amount contributed
More informationACCOUNTING 1 BACHELOR OF COMMERCE
JULY 2013 SUPPLEMENTARY/AEGROTAT EXAMINATION MODULE: ACCOUNTING 1 PROGRAMME: BACHELOR OF COMMERCE DATE: 31 July 2013 TIME: 09h00 12h00 DURATION: 3 hours MARKS: 100 EXAMINER: P. Salikram MODERATOR: N. Naidoo
More informationREQUIRED: 1.1 Using the information given below correct the bank reconciliation statement. (16) 1.2 Answer the questions that Henry has for you.
QUESTION 1: Bank Reconciliation Statement (26 Marks; 10 Minutes) Kerry Slack, the owner of Slack Traders asked the bookkeeper Nicola Buck to prepare the bank reconciliation statement for May 2011. Kerry
More informationMemo for Bank Recon classwork exercises Chapter 3 Task 3.1 Task 3.11
Memo for Bank Recon classwork exercises Chapter 3 Task 3.1 Task 3.11 TASK 3.1 Ashley: Revision - Case study 3.1.1 Explain how Ashley benefits from operating a current banking account. Safety he does not
More informationGRAAD 12 NATIONAL SENIOR CERTIFICATE GRADE 12
GRAAD 12 NATIONAL SENIOR CERTIFICATE GRADE 12 ACCOUNTING NOVEMBER 2011 MARKS: 300 TIME: 3 hours This question paper consists of 19 pages and an 18-page answer book. Accounting 2 DBE/November 2011 INSTRUCTIONS
More informationACCAPAPER F3 FINANCIAL ACCOUNTING WEEK FOUR TOPIC PART REVIEW QUESTIONS
ACCAPAPER F3 FINANCIAL ACCOUNTING WEEK FOUR TOPIC PART REVIEW QUESTIONS 1.The following control account has been prepared by a trainee accountant: Opening balance 308,600 Cash received from credit customers
More informationFAC 1501 EXAM PACK.
FAC 1501 EXAM PACK INTODUCTOY FINANCIAL ACCOUNTING OCTOBE NOVEMBE 2017 SOLUTION 1: MULTIPLE CHOICE QUESTIONS 1.1. 1 1.2. 1 1.3. 4 1.4. 3 Assets 800 000 Property, plant & Equipment 600 000 Trade and other
More informationUNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education
*0535568012* UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education ACCOUNTING 0452/12 Paper 1 October/November 2010 Candidates answer on the Question
More informationQualifications: Level 2 Award in Manual Bookkeeping QCF (Accreditation number: 500/9259/5) IAB ID 210
Exam ID 208 QUESTION PAPER Qualifications: Level 2 Award in Manual Bookkeeping QCF (Accreditation number: 500/9259/5) IAB ID 210 Level 2 Certificate in Bookkeeping QCF (Accreditation number: 500/9053/7)
More informationACCOUNTING PAPER 1. Time: 2 hours Marks: 220 GRADE 12. Instructions to Candidates:
ACCOUNTING PAPER 1 GRADE 12 Time: 2 hours Marks: 220 Instructions to Candidates: 1. This paper consists of 12 pages (including the front cover). 2. Read the questions carefully and only answer what is
More informationACCOUNTING. From the following information provided by the proprietor of the business, Jeremy, you are required to prepare:
Question 1 From the following information provided by the proprietor of the business, Jeremy, you are required to prepare: a. Trading and Profit and Loss Account for the year ended 31 December 20x1 (13
More informationGRADE 10 EXEMPLAR EXAMINATION 2006
GRADE 10 EXEMPLAR EXAMINATION 2006 ACCOUNTANCY MEMORANDUM Time: 3 hours 300 marks GRADE 10 ACCOUNTANCY: EXEMPLAR EXAMINATION Page 2 of 11 Question 1 1.1 Position: Junior Marketing Assistant Commencement
More informationACCOUNTING AND FINANCE
ACCBUS4 JUNE 2013 EXAMINATION DATE: 3 JUNE 2013 TIME: 09H00 12H00 TOTAL: 100 MARKS DURATION: 3 HOURS PASS MARK: 40% (BUS-AF) ACCOUNTING AND FINANCE THIS EXAMINATION PAPER CONSISTS OF 4 SECTIONS: SECTION
More informationTERMINOLOGY. Statement of comprehensive income for the year ended.. Income statement for the year ended.
GENERAL ISSUES Textbook 3 rd edition Admission to exam: Submission of 1 st assignment Year/examination mark: Ass 1: 50% of 10% Ass 2: 50% of 10% If you obtain 60% for Ass 1 and 0% for Ass 2, your year
More informationQualifications: LEVEL 2 Certificate in Bookkeeping (QCF) (Accreditation number: 601/0730/3)
Qualifications: LEVEL 2 Certificate in Bookkeeping (QCF) (Accreditation number: 601/0730/3) LEVEL 2 Certificate in Manual Bookkeeping (QCF) (Accreditation number: 601/0480/6) Sample Assessment Material
More informationNATIONAL SENIOR CERTIFICATE GRADE 12
NATIONAL SENIOR CERTIFICATE GRADE 12 ACCOUNTING EXEMPLAR 2008 MARKS: 300 TIME: 3 hours This question paper consists of 18 pages and an answer book of 20 pages. Accounting 2 DoE/Exemplar 2008 INSTRUCTIONS
More informationCAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education
www.xtremepapers.com Centre Number Candidate Number Name CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education ACCOUNTING 0452/03 Paper 3 Candidates answer on the
More informationThis exam paper is in two sections. You should try to complete every task in both sections.
Exam NVQ/SVQ Level 2 in Accounting Preparing Ledger Balances and an Initial Trial Balance (PLB) 2003 Standards Tuesday 17 June 2008 (afternoon) Time allowed - 3 hours plus 15 minutes reading time Please
More informationChapter 3: The Ledger and Double-Entry Accounting System. 3. How to record in Assets, Liabilities & Owner s Equity account:
1 Chapter 3: The Ledger and Double-Entry Accounting System Topic Outline: 1. Ledger 2. Ledger Account the T-account 3. How to record in Assets, Liabilities & Owner s Equity account: - the increases - the
More informationGRADE 11 NOVEMBER 2013 ACCOUNTING ANSWER BOOK
SURNAME AND NAME: NATIONAL SENIOR CERTIFICATE GRADE 11 NOVEMBER ACCOUNTING ANSWER BOOK QUESTION MAX. MARKS 1 50 2 100 3 40 4 30 5 35 6 45 TOTAL 300 MARKS OBTAINED MODERATION This answer book consists of
More informationTuesday 6 December 2005 (afternoon) EXAMINATION. Time allowed - 3 hours plus 15 minutes reading time
NVQ/SVQ Level 2 in Accounting Preparing Ledger Balances and an Initial Trial Balance (PLB) (2003 standards) Tuesday 6 December 2005 (afternoon) EXAMINATION Time allowed - 3 hours plus 15 minutes reading
More informationFAC 1503 DISCUSSION CLASS
FAC 1503 DISCUSSION CLASS False words are not only evil in themselves, but they infect the soul with evil. PLATO; GREEK AUTHOR & PHILOSOPHER (427 BC - 347 BC) Objectives You (student) must be able to:
More informationSCHOOL OF ACCOUNTING AND BUSINESS BSc. (APPLIED ACCOUNTING) GENERAL / SPECIAL DEGREE PROGRAMME
All Rights Reserved No. of Pages - 12 No of Questions - 06 SCHOOL OF ACCOUNTING AND BUSINESS BSc. (APPLIED ACCOUNTING) GENERAL / SPECIAL DEGREE PROGRAMME YEAR I SEMESTER I (INTAKE VI GROUP B) END SEMESTER
More informationresources controlled - as a result of past events - future economic benefits expected to flow
Discussion class notes : FAC1503 Financial accounting the provision of financial information to mainly external parties recording of transactions and the preparation of financial statements Management
More informationThis exam paper is in two sections. You should try to complete every task in both sections.
Exam NVQ/SVQ Level 2 in Accounting Preparing Ledger Balances and an Initial Trial Balance (PLB) 2003 Standards Tuesday 4 December 2007 (afternoon) Time allowed 3 hours plus 15 minutes reading time Please
More informationCambridge International General Certificate of Secondary Education 0452 Accounting June 2016 Principal Examiner Report for Teachers
ACCOUNTING Cambridge International General Certificate of Secondary Education Paper 0452/11 Paper 11 Key messages Candidates should read the question carefully before attempting to answer. A label for
More informationPANCHAKSHARI S PROFESSIONAL ACADEMY PVT LTD (Your Lifelong Knowledge Partner )
50 Questions 50 Marks 60 Minutes Rectification of Error Select the best choice to answer the following questions: 1. Which of the following statement is/are correct? (i) A separate suspense account should
More information1. The following cash book relates to Baraka enterprises. Date Details Cash Bank Date Details Cash Bank 2004 Jan 1 Jan 10 Jan 15 12,000 3,000.
25. CASH BOOK The topic entails: - Explaining meaning of cash book and the types of transactions recorded in the cash book. - Discussing the purpose of a cash book - Types of cash book when used and format
More informationThis question paper consists of 5 pages. PLEASE NOTE:
This question paper consists of 5 pages. PLEASE NOTE: 1. Ensure that you are writing the correct examination paper. 2. Ensure that you are handed the correct examination answer book (BLUE) by the invigilator.
More information1 st Year Examination : Summer FINANCIAL ACCOUNTING l NEW SYLLABUS. PAPER, SOLUTIONS and EXAMINERS REPORT
1 st Year Examination : Summer 2009 FINANCIAL ACCOUNTING l NEW SYLLABUS PAPER, SOLUTIONS and EXAMINERS REPORT NOTES TO USERS ABOUT THESE SOLUTIONS The solutions in this document are published by Accounting
More informationMARK SCHEME for the May/June 2010 question paper for the guidance of teachers 9706 ACCOUNTING
UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS GCE Advanced Subsidiary Level and GCE Advanced Level MARK SCHEME for the May/June 2010 question paper for the guidance of teachers 9706 ACCOUNTING 9706/23
More informationNATIONAL SENIOR CERTIFICATE EXAMINATION NOVEMBER 2009 ACCOUNTING: PAPER I PLEASE READ THE FOLLOWING INSTRUCTIONS CAREFULLY
NATIONAL SENIO CETIFICATE EXAMINATION NOVEMBE 2009 ACCOUNTING: PAPE I Time: 2 hours 200 marks PLEASE EAD THE FOLLOWING INSTUCTIONS CAEFULLY 1. This paper consists of 12 pages including a ratio sheet on
More informationPaper Reference(s) 7011/01 London Examinations GCE. Friday 15 May 2009 Afternoon. Source booklet for use with Questions 1 to 6.
Paper Reference(s) 7011/01 London Examinations GCE Accounting Ordinary Level Friday 15 May 2009 Afternoon Source booklet for use with Questions 1 to 6. Do not return the insert with the question paper.
More informationNATIONAL SENIOR CERTIFICATE GRADE 12
NATIONAL SENIOR CERTIFICATE GRADE 12 ACCOUNTING NOVEMBER 2015 MARKS: 300 TIME: 3 hours This question paper consists of 19 pages and a 15-page answer book. Accounting 2 DBE/November 2015 NSC INSTRUCTIONS
More informationSubsidiary Ledgers & Control Accounts. F. M. Kapepiso
Subsidiary Ledgers & Control Accounts F. M. Kapepiso The accounting cycle Transaction Source document Journal LEDGER Control a/cs Trial balance Financial statements Learning objectives At the end of the
More informationLearning Channel (Pty) Ltd 2nd Floor 37 Bath Ave Rosebank Grade 10 Accounting MEMORANDUM
Learning Channel (Pty) Ltd 2nd Floor 37 Bath Ave Rosebank 011 280-5451 www.learn.co.za Grade 10 Accounting MEMORANDUM Grade 10 Accounting products available from Learning Channel: Discipline Transparency
More informationThe Profit & Loss Account Accounting for Revenue & Expenses
The Profit & Loss Account Accounting for Revenue & Expenses Chapter 3 1 Luby & O Donoghue (2005) Profit & Loss Account The main reason why people set up in business is to make a profit. The profit and
More informationCERTIFICATE IN BOOK-KEEPING
Series 3 Examination 2012 CERTIFICATE IN BOOK-KEEPING Level 1 Tuesday 5 June Subject code: 1017 Time allowed: 2 hours 30 minutes INSTRUCTIONS FOR CANDIDATES Answer all 4 questions. All questions carry
More informationNATIONAL SENIOR CERTIFICATE GRADE 11
NATIONAL SENIOR CERTIFICATE GRADE 11 ACCOUNTING EXEMPLAR 2007 MARKS: 300 TIME: 3 hours This question paper consists of 20 pages and a 24-page answer book. Accounting 2 Accounting 3 INSTRUCTIONS AND INFORMATION
More informationAccounting *P44292A0120* P44292A. Paper 1. Pearson Edexcel International GCSE. Friday 8 May 2015 Morning Time: 2 hours 30 minutes.
Write your name here Surname Other names Pearson Edexcel International GCSE Accounting Paper 1 Centre Number Candidate Number Friday 8 May 2015 Morning Time: 2 hours 30 minutes You do not need any other
More informationLCCI International Qualifications. Book-keeping Level 1. Model Answers Series (1017)
LCCI International Qualifications Book-keeping Level 1 Model Answers Series 4 2011 (1017) For further information contact us: Tel. +44 (0) 8707 202909 Email. enquiries@ediplc.com www.lcci.org.uk Book-
More information10 Accounts from Incomplete Records
10 Accounts from Incomplete Records After studying this chapter, you will be able to: Learning Objectives Learn how to derive capitals at two different points of time through statement of affairs. Learn
More informationACCOUNTING. Written examination 1. Monday 7 June 2004
Victorian Certificate of Education ACCOUNTING Written examination 1 Monday 7 June Reading time: 2.45 pm to 3.00 pm (15 minutes) Writing time: 3.00 pm to 4.30 pm (1 hour 30 minutes) QUESTION BOOK Number
More information1 ACCOUNTING PREPARATION GR 12
1 2 Bank reconciliations Analysis & interpretation of bank statements and bank reconciliation statements Debtors' and creditors' reconciliation Analysis & interpretation of control accounts Reconciliation
More informationTUTORIAL LETTER 102/1/2009 FOR ACN101-M (FIRST SEMESTER 2009) ERRATA (CORRECTION): Tutorial letter 101/3/2009, Assignment 1, page 31, question 20.
ACN101-M/102/1/2009 DEPATMENT OF ACCOUNTING ACCOUNTING MODULE ACN101-M TUTOIAL LETTE 102/1/2009 FO ACN101-M (FIST SEMESTE 2009) Dear Student IMPOTANT: EATA (COECTION): Tutorial letter 101/3/2009, Assignment
More informationPART 3 Financial Planning, Control and Decision Making
PART 3 Financial Planning, Control and Decision Making Cash management and control 10 Cost volume profit analysis for decision making Budgeting for planning and control Performance evaluation for managers
More informationUNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education
*2937408438* UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education ACCOUNTING 0452/11 Paper 1 May/June 2012 Candidates answer on the Question Paper.
More informationAccounting *P48370A0120* P48370A. Paper 1. Pearson Edexcel International GCSE. Tuesday 24 January 2017 Morning Time: 2 hours 30 minutes.
Write your name here Surname Other names Pearson Edexcel International GCSE Accounting Paper 1 Centre Number Candidate Number Tuesday 24 January 2017 Morning Time: 2 hours 30 minutes You do not need any
More informationUNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education ACCOUNTING 0452/02
Centre Number Candidate Number Name UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education ACCOUNTING 0452/02 Paper 2 Candidates answer on the Question
More informationSECTION A: REVISION VIDEO QUESTIONS. Accounting equation: VAT ignored. ICB Bookkeeping to Trial Balance Playlist Handbook
ICB Bookkeeping to Trial Balance Playlist Handbook SECTION A: REVISION VIDEO QUESTIONS Accounting equation: VAT ignored The following are miscellaneous transactions for Zestra Stores for September 20.12.
More informationVCE VET FINANCIAL SERVICES
Victorian CertiÞcate of Education 2005 SUPERVISOR TO ATTACH PROCESSING LABEL HERE STUDENT NUMBER Letter Figures Words VCE VET FINANCIAL SERVICES Written examination Thursday 3 November 2005 Reading time:
More informationAnnual Qualification Review
LCCI International Qualifications Level 2 Certificate in Book-Keeping and Accounts Annual Qualification Review 2008 For further information contact us: Tel. +44 (0) 8707 202909 Email. enquiries@ediplc.com
More information(c) Debtor overpaid the amount owed. Debtor paid his account and later returned goods.
1 David Odoyo maintains a full set of books of account. He prepares a purchases ledger control account and a sales ledger control account at the end of every month. (a) State two advantages of control
More informationUNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education ACCOUNTING 0452/02
Centre Number Candidate Number Name UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education ACCOUNTING 0452/02 Paper 2 Candidates answer on the Question
More informationACCOUNTING: PAPER II
NATIONAL SENIOR CERTIFICATE EXAMINATION NOVEMBER 2014 ACCOUNTING: PAPER II EXAMINATION NUMBER Time: 2 hours 100 marks PLEASE READ THE FOLLOWING INSTRUCTIONS CAREFULLY 1. This question paper consists of
More informationFINANCIAL ACCOUNTING 1
FINBUS2 JUNE 2013 EXAMINATION DATE: 3 JUNE 2013 TIME: 09H00 12H00 TOTAL: 100 MARKS DURATION: 3 HOURS PASS MARK: 40% (BUS-AC1) FINANCIAL ACCOUNTING 1 THIS EXAMINATION PAPER CONSISTS OF 5 QUESTIONS: ANSWER
More informationChapter 5. Control Accounts. Notes to teachers
Chapter 5 Control Accounts Notes to teachers 1 Start with Chapters 3 and 4 of Frank Wood s Introduction to Accounting and briefly explain to students the basic principles of recording in the books and
More informationFinancial procedures manual
Contents Introduction... 2 Finance authorisation procedure... 2 Bank account procedure... 3 Petty cash procedure... 4 Use of business credit card procedure... 5 New supplier procedure... 6 New customer
More informationPLEASE READ THE FOLLOWING INSTRUCTIONS CAREFULLY
Time: 2 hours ACCOUNTING GRADE 12 Paper 1 200 marks PLEASE READ THE FOLLOWING INSTRUCTIONS CAREFULLY 1. This paper consists of 9 pages. Please check that your question paper is complete. 2. Read the questions
More information