Accounting Fundamentals
|
|
- Sophie Webster
- 5 years ago
- Views:
Transcription
1 Subject no. 50A Certificate in Offshore Finance and Administration Accounting Fundamentals July 2012 Tuesday morning 10 July 2012 Time allowed: 2 hours Do not open this examination paper until the presiding officer or an invigilator tells you to. You must not take this paper out of the examination room. This examination paper is divided into three sections. You must attempt all parts of Question 1 in Section A, all questions in Section B, and two questions only in Section C. Section A carries 20 marks (2 marks for each part of Question 1). Section B carries 30 marks (6 marks for each question). Questions in Section C each carry 25 marks. You should allow yourself approximately 20 minutes in total to answer the questions in Section A, 40 minutes in total to answer the questions in Section B and 30 minutes for each of the questions attempted in Section C. ICSA, 2012 Page 1 of 8
2 Section A Answer all parts of Question 1. Select only one of the options A, B, C or D for each part. 1. (i) The bookkeeper at Good Hope Designs incorrectly posted a payment of 125 to Safeguard Insurance as a debit to finance charges. This is an example of which one of the following errors? A. Compensation B. Commission C. Principle D. Omission (ii) Which one of the following types of organisation is listed on the stock market? A. Private limited company B. Sole trader C. Partnership D. Public limited company (iii) Which one of the following is a bedrock concept of accounting? A. Going concern B. Prudence C. Money measurement D. Duality (iv) The sales ledger control account is also known as: A. Creditors control account B. Debtors control account C. Sales daybook D. Sales returns daybook ICSA, 2012 Page 2 of 8
3 (v) On 1 April 2012, Annie Smart purchased a computer for her business and paid by cheque. What was the impact on the accounting equation? Increase Decrease A. Fixed asset Current asset B. Current asset Fixed asset C. Fixed asset Capital D. Fixed asset Current liability (vi) Which one of the following is an example of a current liability? A. Drawings B. Owner s capital C. A prepayment D. An accrual Questions (vii) to (x) relate to the car repair and servicing business of Sam Strong ( Sam ) for the accounting year 1 July 2011 to 30 June (vii) During the year, Sam paid one month s rent for his home from the business. How should this payment be shown in his financial statements? A. As an expense in the profit and loss account. B. As a debtor in the balance sheet. C. As a deduction from capital in the balance sheet. D. As a current liability in the balance sheet. (viii) Sam had a turnover of 120,000 during the year. The gross profit margin was 25% and the operating costs were 12,000. What was Sam s operating profit margin for the year? A. 25% B. 15% C. 10% D. 7.5% ICSA, 2012 Page 3 of 8
4 The following extract from Sam s business balance sheet at 30 June 2012 relates to questions (ix) and (x): Current Assets Inventory 16,000 Debtors 9,500 Bank 3,250 Current Liabilities Trade Creditors 11,500 (ix) What was the current ratio for Sam s business as at 30 June 2012? A. 1.11:1 B. 2.5:1 C. 4.59:1 D. 5.98:1 (x) What was the acid test (quick ratio) for Sam s business as at 30 June 2012? A. 1.11:1 B. 2.5:1 C. 4.59:1 D. 5.98:1 (Total: 20 marks) ICSA, 2012 Page 4 of 8
5 Section B Answer all five questions. 2. Explain how the following are used in book-keeping: (i) (ii) (iii) Purchase returns day book. Petty cashbook. Sales ledger. (6 marks) 3. Identify and explain three sources of income shown in the financial statements of clubs and societies. (6 marks) 4. Explain the similarities and differences between a bad debt and a provision for a doubtful debt. (6 marks) 5. In your answer booklet, draw the table below and complete the ledger entries necessary to record the three stages in accounting for the disposal of a fixed asset before any surplus or deficit can be transferred to the income statement. No. Debit Credit (6 marks) 6. Fay Starr began a cake making business on 1 April Her business transactions for the first month were as follows: 5 Apr Fay opened her business bank account with a deposit of 5,425 from her personal account. 6 Apr She purchased some equipment at a cost of 2,655 on credit from Caterers Enterprise. 9 Apr Fay baked six dozen cup-cakes for resale. 24 Apr Bank agreed an overdraft limit of 7,500. For each date, state the double entry required to record the business activity for the month of April (6 marks) (Total: 30 marks) ICSA, 2012 Page 5 of 8
6 Section C Answer two questions only. 7. (a) Explain the purpose of the trial balance within the accounting system. (7 marks) (b) Identify and explain six errors a trial balance cannot detect. (18 marks) (Total: 25 marks) 8. The extracts from the financial statements of Minus Zero plc for the year ended 30 June 2012 are provided below: Minus Zero plc 2012 Sales 90,000 Cost of sales 58,500 Gross profit 31,500 Operating profit 16,200 Retained profit for the year 8,220 Non current assets 25,000 Inventory 4,200 Receivables 12,329 Cash at bank 2,150 Payables 8,190 Total equity 31,489 Required (a) Calculate the solvency of the company using two suitable ratios. (4 marks) (b) (c) (d) Explain what the results of both ratio calculations you completed in (a) tell us about the assets and liabilities of the company. (4 marks) Identify, calculate and comment on the working capital management of the company using three suitable ratios. (12 marks) Outline and comment upon two problems encountered when using accounting ratios. (5 marks) (Total: 25 marks) ICSA, 2012 Page 6 of 8
7 9. The following trial balance was prepared from the ledger balances of J Chivers, trading as Chivers Sportswear ( Chivers ), for the year ended 30 June 2012: Trial balance for Chivers as at 30 June 2012 Sales 195,000 Sales returns 11,010 Purchases 96,000 Purchase returns 766 Debtors 12,113 Provision for doubtful debts 600 Creditors 7,886 Long term loan 7,319 Bank overdraft 9,218 Office & factory rent 12,660 Opening stock 3,834 Plant and machinery at cost 92,022 Accumulated depreciation as at 30 June ,271 Office furniture at cost 10,988 Accumulated depreciation as at 30 June ,099 Carriage in 288 Carriage out 219 Travelling expenses 1,316 Administration 7,503 Repairs 191 Salaries 50,970 Telephone 3,014 Drawings 18,205 Discounts allowed 3,440 Capital 87, , ,773 Notes to the trial balance: (i) Stock at 30 June 2012 was 2,955. (ii) Accrued expenses at 30 June 2012 were travel expenses 1,155 and telephone 318. (iii) Office & factory rent includes 1,600 for the first quarter of (iv) (v) (vi) A total of 2,113 has to be written off as bad debt. The provision for doubtful debt has to be 10% of the debtors balance. Plant and machinery is depreciated on the reducing balance basis at 25% per annum. Office furniture is depreciated at 10% on original cost. (continued) ICSA, 2012 Page 7 of 8
8 Required (a) Prepare a trading, profit and loss account for Chivers for the year ended 30 June (13 marks) (b) Prepare a balance sheet for Chivers as at 30 June (12 marks) (Total: 25 marks) The scenarios included here, except where expressly identified, are entirely fictional. Any resemblance of the information in the scenarios to real persons or organisations, actual or perceived, is purely coincidental. ICSA, 2012 Page 8 of 8
9
10
11
12
Accounting Fundamentals July 2012
Accounting Fundamentals July 2012 Suggested answers and examiner s comments Important notice When reading these suggested answers, please note that the answers are intended as an indication of what is
More informationDo not open this examination paper until the presiding officer or an invigilator tells you to.
Please complete this box: Candidate number: as indicated on your admission slip Desk number: If you are using a calculator, please enter the make and model number: Make (company name): Model number: Subject
More informationGovernance and Reporting
Subject no. 56A Diploma in Offshore Finance and Administration Governance and Reporting July 2011 Friday morning 15 July 2011 Time allowed: 3 hours Do not open this examination paper until the presiding
More informationAccounting Fundamentals February 2011
Accounting Fundamentals February 2011 Suggested answers and examiner s comments Important notice When reading these suggested answers, please note that the answers are intended as an indication of what
More informationAccounting Fundamentals July 2010
Accounting Fundamentals July 2010 s and examiner s comments Important notice When reading these suggested answers, please note that the answers are intended as an indication of what is required rather
More informationAccounting Question Booklet. Examination information. Questions 1 to 4 Answer all questions Write your answers in this question booklet
South Australian Certificate of Education Accounting 2017 Question Booklet Questions 1 to 4 Answer all questions Write your answers in this question booklet Examination information Materials Question Booklet
More informationCertificate in Offshore Finance and Administration. Do not open this examination paper until the presiding officer or an invigilator tells you to.
Subject no. 51A Certificate in Offshore Finance and Administration Investment July 2012 Tuesday afternoon 10 July 2012 Time allowed: 2 hours Do not open this examination paper until the presiding officer
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 informationCertificate in Offshore Finance and Administration. Do not open this examination paper until the presiding officer or an invigilator tells you to.
Subject no. 51A Certificate in Offshore Finance and Administration Investment July 2011 Tuesday afternoon 12 July 2011 Time allowed: 2 hours Do not open this examination paper until the presiding officer
More informationCoimisiún na Scrúduithe Stáit State Examinations Commission
2018. M55 Coimisiún na Scrúduithe Stáit State Examinations Commission LEAVING CERTIFICATE EXAMINATION 2018 ACCOUNTING - HIGHER LEVEL (400 marks) MONDAY 18 JUNE AFTERNOON 2.00 5.00 This paper is divided
More information2016 ACCOUNTING ATTACH SACE REGISTRATION NUMBER LABEL TO THIS BOX
External Examination 2016 2016 ACCOUNTING FOR OFFICE USE ONLY SUPERVISOR CHECK ATTACH SACE REGISTRATION NUMBER LABEL TO THIS BOX RE-MARKED Tuesday 15 November: 1.30 pm Time: 2 hours Pages: 33 Questions:
More informationPortfolio Management
Subject no. 57A (2) Diploma in Offshore Finance and Administration Portfolio Management July 2013 Friday afternoon 12 July 2013 Time allowed: 3 hours Do not open this examination paper until the presiding
More information2013 ACCOUNTING ATTACH SACE REGISTRATION NUMBER LABEL TO THIS BOX
External Examination 2013 2013 ACCOUNTING FOR OFFICE USE ONLY SUPERVISOR CHECK ATTACH SACE REGISTRATION NUMBER LABEL TO THIS BOX RE-MARKED Wednesday 13 November: 1.30 p.m. Time: 2 hours Pages: 29 Questions:
More informationCBA Model Question Paper CO2. The difference between an income statement and an income and expenditure account is that
CBA Model Question Paper CO2 Question 1 The difference between an income statement and an income and expenditure account is that A an income and expenditure account is an international term for a Income
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 informationCertificate in Offshore Finance and Administration. Do not open this examination paper until the presiding officer or an invigilator tells you to.
Subject no. 51A Certificate in Offshore Finance and Administration Investment February 2013 Tuesday afternoon 5 February 2013 Time allowed: 2 hours Do not open this examination paper until the presiding
More informationManufacturing Accounts
All questions copyright of Cambridge International Examinations 1 Manufacturing Accounts All questions copyright of Cambridge International Examinations 2 2 1 The following balances were extracted from
More informationActivity to Develop and Demonstrate Competence. Describe the nature, scope and purposes of financial statements and their related records and accounts
Paper 1 Financial Accounting Aim This paper aims at testing students understanding of the basic accounting principles, and their ability to apply concepts of financial accounting and methods to record
More informationNC 824. First Year B. C. A. Examination. April / May Financial Accounting & Management. Time : 3 Hours] [Total Marks : 50
NC 824 First Year B. C. A. Examination April / May 2003 Financial Accounting & Management Seat No. Time : 3 Hours] [Total Marks : 50 Instructions : (1) Figures to the right indicate marks. (2) Show calculations
More informationBOOKS OF ORIGINAL ENTRIES
BOOKS OF ORIGINAL ENTRIES These are the books of first entry. The transactions are first recorded in these books before being entered in the ledger books. These books are also called as books of Prime
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 information(AA11) FINANCIAL ACCOUNTING BASICS
All Rights Reserved ASSOCIATION OF ACCOUNTING TECHNICIANS OF SRI LANKA AA1 EXAMINATION - JANUARY 2017 (AA11) FINANCIAL ACCOUNTING BASICS Instructions to candidates (Please Read Carefully): (1) Time allowed:
More informationDo not open this examination paper until the presiding officer or an invigilator tells you to.
Please complete this box: Candidate number: as indicated on your admission slip Desk number: If you are using a calculator, please enter the make and model number: Make (company name): Model number: Subject
More informationSole Trader Final Accounts
All questions copyright of Cambridge International Examinations 1 Sole Trader Final Accounts All questions copyright of Cambridge International Examinations 2 2 1 Amah Retto's ledger accounts for the year
More informationInternational General Certificate of Secondary Education CAMBRIDGE INTERNATIONAL EXAMINATIONS PAPER 2 OCTOBER/NOVEMBER SESSION 2002
www.xtremepapers.com Centre Number Candidate Number Candidate Name International General Certificate of Secondary Education CAMBRIDGE INTERNATIONAL EXAMINATIONS ACCOUNTING 0452/2 PAPER 2 OCTOBER/NOVEMBER
More informationAccounting (Modular Syllabus)
Pearson Edexcel International Advanced Level Accounting (Modular Syllabus) Unit 1: The Accounting System and Costing Wednesday 12 October 2016 Morning Source booklet for use with Questions 1 to 7. Paper
More informationUnit 10 : YEAR-END ADJUSTMENTS
Unit 10 : YEAR-END ADJUSTMENTS Slide 1.2 INTRODUCTION The most important point, which must be understood at the outset, is that all these adjustments have an impact on both the income statement/profit
More informationPrepare the necessary journal entries to correct the above. Narrations are not required.
Correction of errors HKDSE (2017, 5) (Correction of errors) ABC Limited drafted a trial balance as at 31 December 2016, before the preparation of the closing entries. As the trial balance did not agree,
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 informationCambridge Assessment International Education Cambridge International General Certificate of Secondary Education. Published
Cambridge Assessment International Education Cambridge International General Certificate of Secondary Education ACCOUNTING 045/ Paper MARK SCHEME Maximum Mark: 0 Published This mark scheme is published
More informationCambridge International Examinations Cambridge International General Certificate of Secondary Education. Published
Cambridge International Examinations Cambridge International General Certificate of Secondary Education ACCOUNTING 0452/12 Paper 1 May/June 2016 MARK SCHEME Maximum Mark: 120 Published This mark scheme
More informationBSc (Hons) Tourism and Hospitality Management. Cohort: BTHM/12B/FT Year 1. Examinations for 2012/2013 Semester I. & 2012 Semester II
BSc (Hons) Tourism and Hospitality Management Cohort: BTHM/12B/FT Year 1 Examinations for 2012/2013 Semester I & 2012 Semester II MODULE: FINANCIAL ACCOUNTING MODULE CODE: ACCF 1102A Duration: 2 Hours
More informationSIR MICHELANGELO REFALO
SIR MICHELANGELO REFALO SIXTH FORM Half-Yearly Exam 2015 Subject: ACCOUNTING ADV 1 st Time: 3 hrs Section A Answer all the questions in this section 1. Some clubs operate life membership schemes. (a) How
More informationUNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education
UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education *7471332988* ACCOUNTING 0452/12 Paper 1 May/June 2010 Candidates answer on the Question Paper.
More informationOffshore Business Environment
Subject no. 52A Certificate in Offshore Finance and Administration Offshore Business Environment February 2011 Wednesday morning 2 February 2011 Time allowed: 2 hours Do not open this examination paper
More informationDo not open this examination paper until the presiding officer or an invigilator tells you to.
Please complete this box: Candidate number: as indicated on your admission slip Desk number: If you are using a calculator, please enter the make and model number: Make (company name): Model number: Subject
More informationDate of Homework assigned: 7 Apr 2014 Due date: 16 Apr 2014 Exercise book: Book 1
2013-2014 / F.4 BAFS / HA11 / P.1 TWGHs Wong Fut Nam College Form 4 Business, Accounting and Financial Studies Homework Assignment 11 FA Ch1-3 Preparation of Financial Statements for Sole Proprietorships
More information2016 EXAMINATIONS KNOWLEDGE LEVEL PAPER 1: ACCOUNTING FRAMEWORK
EXAMINATION NO 2016 EXAMINATIONS NOWLEDGE LEVEL PAPER 1: ACCOUNTING FRAMEWOR TUESDAY 7 JUNE 2016 TIME ALLOWED : 3 HOURS 9.00AM - 12.00 NOON INSTRUCTIONS: 1. You are allowed 15 minutes reading time before
More informationExecutive Level. Financial Accounting & Reporting Fundamentals. (3) Section 1(a): 10 multiple choice questions (MCQs) all questions are compulsory.
Copyright Reserved No. of pages: 14 Executive Level Financial Accounting & Reporting Fundamentals Instructions to candidates (1) Time allowed: Reading and planning 15 minutes Writing 3 hours (2) Total:
More informationThe Business Guys. September Newsletter. Accounting.
The Business Guys September Newsletter Accounting. Final Accounts. If you re stuck for sample questions, here s a Final Accounts question and solution for you (Sole Trader Variety). Don t forget to give
More informationCambridge International Examinations Cambridge International Advanced Subsidiary and Advanced Level
*5783442697* Cambridge International Examinations Cambridge International Advanced Subsidiary and Advanced Level ACCOUNTING 9706/11 Paper 1 Multiple Choice May/June 2017 Additional Materials: Multiple
More information1 FAFN. You are allowed three hours to answer this question paper. All questions are compulsory.
Examination Question and Answer ook Write your full examination number, your contact I and your name on a double-sided card, which must be attached to this booklet here. Foundation Level Financial Accounting
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 informationFinancial Reporting and Governance
Subject no. 56A Diploma in Offshore Finance and Administration Financial Reporting and Governance July 2013 Friday morning 12 July 2013 Time allowed: 3 hours Do not open this examination paper until the
More information*P45581A0124* 4AC0/01. P45581A 2016 Pearson Education Ltd. Pearson Edexcel International GCSE Accounting Paper 1
Write your name here Surname Other names Pearson Edexcel International GCSE Accounting Paper 1 Centre Number Candidate Number Friday 13 May 2016 Morning Time: 2 hours 30 minutes You do not need any other
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 informationCambridge International General Certificate of Secondary Education 0452 Accounting June 2014 Principal Examiner Report for Teachers
ACCOUNTING Cambridge International General Certificate of Secondary Education Paper 0452/11 Paper 11 Key Messages Question 1 consisted of ten multiple choice items covering topics across the whole syllabus.
More informationKULLEĠĠ SAN BENEDITTU Secondary School, Kirkop HALF YEARLY EXAMINATION 2015/2016. Question A B C D Global Mark. Max. Mark
KULLEĠĠ SAN BENEDITTU Secondary School, Kirkop Mark HALF YEARLY EXAMINATION 2015/2016 FORM 4 ACCOUNTING TIME: 1h 30min Question A B C D Global Mark Max. Mark 10 14 40 36 100 Mark Instructions to students:
More information(AA11) FINANCIAL ACCOUNTING BASICS
All Rights Reserved ASSOCIATION OF ACCOUNTING TECHNICIANS OF SRI LANKA AA1 EXAMINATION - JANUARY 2019 (AA11) FINANCIAL ACCOUNTING BASICS Instructions to candidates (Please Read Carefully): (1) Time allowed:
More information0452 ACCOUNTING. Mark schemes should be read in conjunction with the question paper and the Principal Examiner Report for Teachers.
CAMBRIDGE INTERNATIONAL EXAMINATIONS Cambridge International General Certificate of Secondary Education MARK SCHEME for the March 2015 series 0452 ACCOUNTING 0452/12 Paper 12, maximum raw mark 120 This
More informationMTP_Intermediate_Syllabus 2016_Dec 2017_Set 2 Paper 5- Financial Accounting
Paper 5- Financial Accounting Academics Department, The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament) Page 1 Paper 5- Financial Accounting Full Marks : 100 Time allowed:
More information2011 FINANCIAL MANAGEMENT - III
http://www.makaut.com Name :. Roll No. :..... Invigilator s Signature :.. 2011 FINANCIAL MANAGEMENT - III Time Allotted : 3 Hours Full Marks : 70 The figures in the margin indicate full marks. Candidates
More informationFinancial Decision Making
Subject no. C16J Chartered Secretaries Qualifying Scheme Level Two Financial Decision Making November 2012 Tuesday afternoon 27 November 2012 Time allowed: 3 hours and 15 minutes (including reading time)
More informationCambridge International Examinations Cambridge International Advanced Subsidiary and Advanced Level
*2644097906* ambridge International Examinations ambridge International Advanced Subsidiary and Advanced Level AOUNTING 9706/13 Paper 1 Multiple hoice May/June 2016 Additional Materials: Multiple hoice
More informationPortfolio Management
Subject no. 57A Diploma in Offshore Finance and Administration Portfolio Management February 2014 Friday afternoon 7 February 2014 Time allowed: 3 hours Do not open this examination paper until the presiding
More informationFundamentals of Accounting Resources
Contents Figure 1 - The Profit and Loss statement example... 2 Figure 2 - Balance sheet example... 3 Figure 3 - Example of a Balance Sheet... 4 Figure 4 - Example of a Profit & Loss Sheet... 5 Figure 5-10
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 informationAnswer the ONE question in section A (this has 25 sub-questions and is on pages 2 8).
Foundation Level Financial ccounting Fundamentals 1 FFN 21 November 2001 ay 3 morning INSTRUTIONS TO NITES Read this page before you look at the questions You are allowed three hours to answer this question
More informationSEC Syllabus (2020) Accounting
SEC SYLLABUS (2020) ACCOUNTING SEC 01 SYLLABUS 1 Accounting SEC 01 Syllabus (not available in September) Paper 1 (2hrs) + Paper II (2 hrs) The aims of the syllabus are to enable students: 1. To understand
More informationCambridge International Examinations Cambridge International General Certificate of Secondary Education
Cambridge International Examinations Cambridge International General Certificate of Secondary Education *7891702250* ACCOUNTING 0452/21 Paper 2 October/November 2017 1 hour 45 minutes Candidates answer
More informationCambridge International Examinations Cambridge International General Certificate of Secondary Education
*7159834754* Cambridge International Examinations Cambridge International General Certificate of Secondary Education ACCOUNTING 0452/11 Paper 1 May/June 2014 Candidates answer on the Question Paper. No
More information(50) BASIC ACCOUNTING
All Rights Reserved Time: 03 hours THE ASSOCIATION OF ACCOUNTING TECHNICIANS OF SRI LANKA Instructions to candidates FOUNDATION EXAMINATION - JANUARY 2015 (50) BASIC ACCOUNTING (1) This paper consists
More informationG.C.E. (A.L.) Support Seminar- 2014
G.C.E. (A.L.) Support Seminar- 2014 Accounting I Two hours Instructions ( Answer all the questions. Select the correct answers for questions No. 1-30 and write its number on the dotted line given. Write
More informationFinal accounts for sole traders and partnerships
Osborne Books Tutor Zone Final accounts for sole traders and partnerships Chapter activities Osborne Books Limited, 2013 2 f i n a l a c c o u n t s f o r s o l e t r a d e r s a n d p a r t n e r s h
More informationAccounting Technician Examinations. Pilot Examination Paper. Level I. Paper 1 Financial Accounting. Questions Suggested Answers and Marking Scheme
香港專業會計員 會 THE HONG KONG ASSOCIATION OF ACCOUNTING TECHNICIANS (Incorporated with Limited Liability) Unit A, 17/F, Fortis Bank Tower, 77-79 Gloucester Road, Wanchai, Hong Kong. Accounting Technician Examinations
More informationBusiness, Accounting and Financial Studies. Mock Exam Paper (2011) Paper 1
HKDSE BAFS (2011) Paper 1 Business, Accounting and Financial Studies Mock Exam Paper (2011) Paper 1 Time allowed: 1 2 1 hours This paper must be answered in English. Instructions: 1 There are two sections
More informationPRINCIPLES OF ACCOUNTS
PRINCIPLES OF ACCOUNTS GCE ORDINARY LEVEL (SYLLABUS 7092) INTRODUCTION The syllabus aims to develop an understanding of the principles and concepts of accounting and their applications in a variety of
More informationPortfolio Management
Subject no. 57A Diploma in Offshore Finance and Administration Portfolio Management July 2012 Friday afternoon 13 July 2012 Time allowed: 3 hours Do not open this examination paper until the presiding
More informationFinancial Decision Making
Subject no. C16J Chartered Secretaries Qualifying Scheme Level Two Financial Decision Making November 2011 Tuesday afternoon 22 November 2011 Time allowed: 3 hours and 15 minutes (including reading time)
More informationCambridge International Examinations Cambridge International General Certificate of Secondary Education
Cambridge International Examinations Cambridge International General Certificate of Secondary Education *7579080582* ACCOUNTING 0452/22 Paper 2 May/June 2018 1 hour 45 minutes Candidates answer on the
More informationWhat will be the effect of this adjustment on the financial statements?
CIS FIACIAL ACCOUTIG 2.1 COTACT UMBER 08038400843 COTACT HOURS TUESDAYS AD FRIDAY 6PM 7PM. QUESTIO WEEK 3- Bad debts &Provision for doubtful debt VIDEO LECTURE CHAPTER: 5 MULTIPLE CHOICE QUESTIOS 1 A business
More informationPaper 1 International Finance and Administration
Subject no. 52B Level 4 Award in International Finance and Administration Level 4 Subsidiary Certificate in International Finance, Accounting and Administration Level 4 Subsidiary Certificate in International
More informationOsborne Books sample material
2 AS Accounting for AQA AS ACCOUNTING UNIT 1: Introduction to Financial Accounting ADDITIONAL QUESTIONS CHAPTERS 1-6: DOUBLE-ENTRY PROCEDURES; BUSINESS DOCUMENTS The questions in this section deal with
More informationFANLING LUTHERAN SECONDARY SCHOOL
FANLING LUTHERAN SECONDARY SCHOOL 2012 2013 2 nd Term Examination S.5 BUSINESS, ACCOUNTING AND FINANCIAL STUDIES Accounting Module Date : 20th June, 2013 Time allowed: 8:30 am - 11:00 am (2 hour 30 minutes)
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 informationSoft clean eraser Soft pencil (type B or HB is recommended)
*5614158211* Cambridge International Examinations Cambridge Ordinary Level PRINCIPLES OF ACCOUNTS 7110/11 Paper 1 Multiple Choice May/June 2015 Additional Materials: Multiple Choice Answer Sheet Soft clean
More informationLESOTHO GENERAL CERTIFICATE OF SECONDARY EDUCATION
LESOTHO GENERAL CERTIFICATE OF SECONDARY EDUCATION Lesotho General Certificate of Secondary Education Syllabus Accounting 0187 For examination in November 2018 National Curriculum Development Centre in
More informationUNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education ACCOUNTING
UNIVERSITY OF MRIGE INTERNTIONL EXMINTIONS International General ertificate of Secondary Education OUNTING 0452/01 www.xtremepapers.com Paper 1 Multiple hoice May/June 2006 dditional Materials: Multiple
More informationUNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS General Certificate of Education Ordinary Level
*6909629618* UNIVERSITY OF MRIGE INTERNTIONL EXMINTIONS General ertificate of Education Ordinary Level PRINIPLES OF OUNTS 7110/01 Paper 1 Multiple hoice October/November 2007 dditional Materials: Multiple
More informationSyllabus Topic 3: Limited liability companies (3.2.3), (3.2.4), (3.2.5), (3.2.6), (3.2.7), (3.2.8), (3.2.9), (3.2.10), (3.2.12), (3.2.13), (3.2.
EDI LCCI IQ ON DEMAND EXAMINATION BOOK-KEEPING AND ACCOUNTS (IAS) LEVEL 2 MARKING SCHEME ASE20050A PRACTICE PAPER DISTINCTION MARK 75% CREDIT MARK 60% PASS MARK 50% Key: of = own figure TOTAL 100 MARKS
More informationCambridge International Examinations Cambridge International General Certificate of Secondary Education
Cambridge International Examinations Cambridge International General Certificate of Secondary Education *4718451722* ACCOUNTING 0452/12 Paper 1 May/June 2017 Candidates answer on the Question Paper. No
More informationTime Allowed: 3 hours
ANSWER BOOKLET: Exam ID 321 Qualifications: Level 3 Certificate in Bookkeeping (QCF) Accreditation number: 500/8479/3 IAB ID 300 Level 3 Certificate in Manual Bookkeeping (QCF) Accreditation number 500/9260/1
More informationInstitute of Certified Management Accountants of Sri Lanka
Copyright Reserved Serial No Foundation Level Pilot Paper Instructions to Candidates 1. Time allowed is three (3) hours. 2. Answer all questions in Part I and four (4) questions from Part II selecting
More informationCambridge International General Certificate of Secondary Education 0452 Accounting November 2014 Principal Examiner Report for Teachers
ACCOUNTING Cambridge International General Certificate of Secondary Education Paper 0452/11 Paper 11 Key Messages Questions can be set on any section of the syllabus and a good knowledge of all sections
More informationTHE TRAINING PLACE OF EXCELLENCE Accounts Preparation Practice Assessment: Questions
THE TRAINING PLACE OF EXCELLENCE Accounts Preparation Practice Assessment: Questions Task 1: Non-Current Assets Register The following is a purchase invoice received by NFS Ltd: Invoice 60754 To: NFS Ltd
More informationExamination Period 3: 2016/17
Examination Period 3: 2016/17 Module title Level Time Allowed Financial Accounting Four Three hours, plus reading time of 15 minutes. Students should not begin answering the questions until the reading
More informationCONTACT HOURS FOR CALLS WEDNESDAYS AND THURSDAYS, 6PM TO 7PM
FINANCIAL ACCOUNT FOUNDATION LEVEL WEEK 7 QUESTIONS CONTACT NUMBER 08038400843 CONTACT HOURS FOR CALLS WEDNESDAYS AND THURSDAYS, 6PM TO 7PM MID DIET MOCK MULTIPLE CHOICE QUESTIONS 1 A business purchases
More informationPaper Reference(s) 6001/01 London Examinations GCE. Accounting (Modular Syllabus) Advanced Subsidiary/Advanced Level. Monday 18 January 2010 Morning
Paper Reference(s) 6001/01 London Examinations GCE Accounting (Modular Syllabus) Advanced Subsidiary/Advanced Level Unit 1 The Accounting System and Costing Monday 18 January 2010 Morning Source booklet
More informationMARK SCHEME for the October/November 2013 series 0452 ACCOUNTING. 0452/11 Paper 1, maximum raw mark 120
CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education MARK SCHEME for the October/November 2013 series 0452 ACCOUNTING 0452/11 Paper 1, maximum raw mark 120 This
More informationCambridge International Examinations Cambridge International General Certificate of Secondary Education
Cambridge International Examinations Cambridge International General Certificate of Secondary Education *0736616253* ACCOUNTING 0452/12 Paper 1 February/March 2016 1 hour 45 minutes Candidates answer on
More informationUNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education
UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education *6351257674* ACCOUNTING 0452/13 Paper 1 October/November 2010 Candidates answer on the Question
More informationSCHOOL OF ACCOUNTING AND BUSINESS BSc. (APPLIED ACCOUNTING) GENERAL / SPECIAL DEGREE PROGRAMME
All Rights Reserved No. of Pages - 13 No of Questions - 06 SCHOOL OF ACCOUNTING AND BUSINESS BSc. (APPLIED ACCOUNTING) GENERAL / SPECIAL DEGREE PROGRAMME YEAR I SEMESTER I INTAKE VIII (GROUP A) END SEMESTER
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 information[4] Total No. of Questions: 6 Total No. of Printed Pages:4
[4] (c) A cheque issued but not presented in bank for Rs. 000 (d) Bank Charges Rs. 00 entered in passbook not in cash nook (e) A dividend of Rs. 900 collected by bank not entered in cashbook (f) Cheque
More informationCharity Law and Governance
Subject ref. CLG Level 4 Certificate in Charity Law and Governance Charity Law and Governance Sample assessment material January 2016 Time allowed: 3 hours (plus 15 minutes reading time) Do not open this
More informationLondon Examinations GCE
Paper Reference(s) 6001/01 London Examinations GCE Accounting (Modular Syllabus) Advanced Subsidiary/Advanced Level Unit 1 The Accounting System and Costing Tuesday 17 May 2011 Morning Source booklet for
More information0452 ACCOUNTING. 0452/12 Paper 1, maximum raw mark 120
CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education MARK SCHEME for the May/June 2014 series 0452 ACCOUNTING 0452/12 Paper 1, maximum raw mark 120 This mark scheme
More informationMTP_Foundation_Syllabus 2016_Dec2017_Set 1 Paper 2- Fundamentals of Accounting
Paper 2- Fundamentals of Accounting Academics Department, The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament) Page 1 Paper 2- Fundamentals of Accounting Full Marks :
More informationNCERT Solutions for Class 11 Accountancy. Financial Accounting Part-2 Chapter 2
NCERT Solutions for Class 11 Accountancy Financial Accounting Part-2 Chapter 2 Financial Statements Short answers : Solutions of Questions on Page Number : 422 Q1 : Why is it necessary to record the adjusting
More informationNCERT Solutions for Class 11 Accountancy Financial Accounting Part-2 Chapter 2
NCERT Solutions for Class 11 Accountancy Financial Accounting Part-2 Chapter 2 Financial Statements Class 11 Chapter 2 Financial Statements Exercise Solutions
More information