Commodity Year 2000 price (sh) Year 2003 price (sh) C.P.I S 1
|
|
- Megan Daniels
- 6 years ago
- Views:
Transcription
1 MUMIAS DISTRICT JOINT EVALUATION TEST BUSINESS STUDIES 565/1 marking scheme JULY/AUGUST The table below shows the prices of different types of goods in the year 2000 and use the figures to calculate the consumer price index (C.P.I) of each commodity. Commodity Year 2000 price (sh) Year 2003 price (sh) C.P.I 1 kg of sugar % 2 kg of maize ⅓ % 1 pair of socks % 1 packet of wheat flour % 2. The diagram below shows a shift in demand for bread. price S 1 S 0 S 1 S 0 Quantity Identify any four factors that may have made the supply curve to shift from SOS SISI i) High cost of factors of product. ii) Reduction in quotas. iii) Exit of forms from the industry. iv) Removal of subsidies. v) Increase in taxes. vi) Increase price of related product. 3. Outline any FOUR roles played by commercial banks in home trade i) Providing safe custody for business money. ii) Lending money/giving loans for trade. iii) Provision of means of settling debts/making payments. iv) Provision of right safe facilities. v) Providing business advice. vi) Purchase/sale of foreign currencies. 4. Highlight any four differences between Home trade and International trade Home trade International trade. i) Trade within the countries boundaries. ii) Use only domestic currency. iii) Controlled by some legal requirements. i) Trade a moungst may countries. ii) Involves use of foreign currency. iii) Controlled by varied legal requirements. 1
2 iv) Use of simple documentation & procedures. iv) Involves complex documentation and procedures. 5. Level of production for each of the following activities Activity Level of production (i) Cooking meals for students Secondary (ii) harvesting cane primary (ii) Moving kerosene from Kisumu to Mumias Tertiary (iv) Boiling milk by electric power Secondary 6. From the information below, prepare a trial balance for Ombetu stores as at (5mks) OMBETU STORES. TRIAL STORES AS AT DR CR C. Received 22,000 Sales 763,500 Loan interest 52,500 Purchases 474,000 General expenses 30,000 Drawings 96,000 Rent 120,000 Salaries owing 72,000 Electricity pre paid. 85, , , The following information relates to KOSA Traders for the year ended Gross profit 110,250 Wages 6,000 Interest loan 18,750 Interest on debentures 7,000 Current assets 66,500 Debentures 31,000 Bank loan 75,000 Fixed assets 250,000 Capital 100,000 Current liabilities 6,000 General expenses 25,000 Prepare his profit and loss account for the year ended Expenses Gross profit 110,250 Wages 6000 G. Expenses 25,500 Interest on loan 18,750 Interest on debentures. 7,000 Net profit 53, , ,250 ( 8x ½ = 4mks) 8. From the transactions below state the accounts to the debited and to the credited Transaction Debit Credit i) Began a business with 10,000 in bank Bank Capital ii) Bought equipment in cash for sh. 5,000 Equipment Cash iii) Transferred sh. 60,000 from bank to cash till Cash Bank iv) Took cash sh. 30,000 to pay school fees for his son. Drawings Cash 2
3 9. Identify the accounts in which the following transaction would be recorded in the ledger. Description Account Goods bought for resale. Goods sold to customer Goods sold to customer and returned to the business Goods bought from suppliers and later returned Purchase accounts. Sales account Sales return Purchases return 10. FOUR reasons why post bank services are not suitable for promotion of small scale business units in Kenya. i) They do not offer current account services. ii) They do not provide overdraft facilities. iii) They do not provide cheque books to facilitate payments. iv) Frequency of withdrawal is limited to once a week. v) Their operations are limited to large cities/urban centers. 11. FOUR reasons why a business person would prefer written communication to verbal communication. i) Can be read over and over again for better understanding. ii) Can be used for reference purposes. iii) Can be reproduced by photocopying (where necessary) iv) Can be used as evidence in law. v) Can be used for confidential matters. vi) Can be used to give detailed information. 12. FOUR measures that the government of Kenya has taken to promote rural industrialization i) Improvement of rural infrastructure. ii) Improvement of rural electrification. iii) Provision of postal services in rural areas. iv) Tax concession of investors. v) Lower licence/fee rate. vi) Creation of special institutions to channel loans to investors i.e KIE, ICDC. vii) Provision of management and technical assistance to rural areas. 13. Name TWO examples of parastatals involved in each of the following activities in Kenya. i) Agricultural finance corporation (AFC) ii) Industrial and Commercial Development Corporation (ICDC) iii) Cooperative bank of Kenya. iv) Kenya commercial bank. v) National bank of Kenya. b) Trading. i) K.N.T.C ii) National Cereals and produce board. iii) E. Africa Industries iv) Sugar Industries. v) National Irrigation Board. 14. The following information was extracted from the books of Kibet Traders; Rate of turnover 3 Opening stock 80,000 3
4 Closing stock 100,000 Mark up 20% Determine the gross profit (5mks) Cogs = X 3 = X 80, , = X 180, = X 90,000 X = 270,000 Gπ = 20% X 270,000 = 54, Indicate in the space below the relevant source document for each of the listed books of original entry. Books of original entry Sources document. i) Purchase returns book. Debit notes ii) Cash book. Receipts for cash paid/received. iii) Sales day book. Sales invoice. iv) Sales returns book. Credit notes. 16. FOUR benefits that an organization would get from replacing typewriters with computers. i) Storage of data on soft copy which saves space. ii) Faster processing of data. iii) Editing of data before printing which minimizes errors. iv) It is possible to include drawings and data formats in computers than with typewriters. v) Convenient one can operate several windows/programmes at the same time work can be saved and continued on later. 17. Mumias Sugar Company is a publicly quoted company. Outline any FOUR benefits the company from being quoted. i) It is able to know the price/value of its shares. ii) It is able to sell more shares. iii) It can raise more capital by floating more shares. iv) Information from the stock exchange can be used to improve its performance. v) It can attract competent personnel into the company. vi) It promotes company image. vii) More investors are attracted to the company. 18. Identify any FOUR uses of insurance funds. i) Payment of claims to insured when they insured risks. ii) Investment into profit earning ventures. iii) Administration of insurance firms. iv) Profits to owners of insurance company. 19. Highlight FOUR ways in which a bill of lading is useful to an importer of goods. i) It is a document of title/proof of ownership. ii) It is used in clearance of goods with the ports authority. iii) It is used in payment of customs duty. iv) It is evidence of contract/agreement of carriage between the shipper and importer. v) It is evidence of receipts of goods by the shipper. 4
5 20. State FOUR advantages of indirect taxes to the government. i) They are less costly to administer. ii) They cover a large/greater part of the population. iii) They can be used to check consumption of harmful goods. iv) They can be used to implement economic policies/protect local industries. v) Result in high income if levied on goods with inelastic demand. 21. Outline FOUR ways of attracting customers to business that a trader may use. i) Use of discounts/reduction in prices of goods. ii) After sales services/providing transport, warranties etc. iii) Giving free samples to customers. iv) Advertisement/crating awareness of the goods available. v) Selling high quality goods. vi) Having clear and hygienic premises. vii) Attractive displays outside shops. viii) Courtesy to customers. ix) Giving credit facilities. x) Organizing trade fairs exhibitions. xi) Starting price winning competitions. 22. Outline FOUR factors that may determine the amount of rent charged for the use of land as a factor of production. i) Duration the land is being rented. ii) The size of land being rented. iii) The location of the land. iv) The use of which the land is being put. v) The demand for such land. 23. The following are some characteristics of some forms of business organizations. In the spaces below, write the form of business organization to which each characteristic relates. Characteristic Form of business organization. a) Members cannot operate competing business. Partnership b) Members can freely transfer shares. Public company c) There is quick decision making Sole proprietorship 24. Outline FOUR reasons why a transporter of goods from Mombasa to Nairobi may prefer rail transport to road transport. i) Rail is less prone to accidents than road. ii) More goods can be transported through rail at once unlike road. iii) Rail transport is cheaper than road transport. iv) Bulky goods can easily be transported through rail than road. 25. The following information relates to KOSA Traders for the month of July, July 1 Balance brought forward: Cash 18,000 Bank overdraft 89,000 July 4 Received a cheque for sh. 120,000 from a debtor. July 9 Paid a creditor for goods worth sh. 56,000 by a cheque of sh. 40,000 and cash for the balance. July 15 Sold goods for sh. 15, 000 in cash. Enter the above transaction in the cash book below and balance it off. Date 001 Particular Cash (sh) Bank (sh) Date Particulars Cash Bank Jul 1 Bal. bf July 1 Bal. bf 89,000 July 4 Debtors 120,000 July 9 Creditors 16,000 40,000 July 15 Sales 15,000 5
6 Bal. c/d 9,000 Bal c/d 17,000 33, ,000 33, , State THREE items that constitute that constitute injections into the circular flow of income (3mks) i) Investments. ii) Exports. iii) Government expenditure. iv) Consumption. 6
egyptigstudentroom.com
UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education *0018636067* ACCOUNTING 0452/13 Paper 1 October/November 2013 Candidates answer on the Question
More informationOutline four ways in which commerce satisfies human wants,(4mks)
1. INTRODUCTION TO BUSINESS STUDIES PAST KCSE PAPER 1 1. 1995 Highlight four ways in which business studies is useful to a community. 3. SATISFACTION OF HUMAN WANTS. 1. 1995 Classify each of the following
More informationCertificate in Book-keeping and Accounts
Certificate in Book-keeping and Accounts ASE2007 Level 2 Monday 8 April 2013 Time allowed: 3 hours Information There are 5 questions in this question paper. All questions carry equal marks. Instructions
More informationKABONDO DIVISION JOINT EVALUATION TEST
NAME INDEX NO. SCHOOL....CANDIDATE SSIGNATURE DATE. 565 / 1 BUSINESS STUDIES PAPER 1 MARCH / APRIL 2015 2 HOURS KABONDO DIVISION JOINT EVALUATION TEST Kenya Certificate of Secondary Education (K. C.S.E.)
More informationChapter 5. Solution 5.1. Donncha O Donoghue 1
Chapter 5 Solution 5.1 Distinguish between books of original entry and ledger accounts The books of original entry ( day books or journals ) are the books in which transactions are first recorded and are
More informationUNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education
*4873625695* UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education ACCOUNTING 0452/13 Paper 1 October/November 2011 Candidates answer on the Question
More informationACCOUNTING - HIGHER LEVEL (400 marks)
L.55 PRE-LEAVING CERTIFICATE EXAMINATION 2013 ACCOUNTING - HIGHER LEVEL (400 marks) TIME : 3 HOURS This paper is divided into 3 Sections: Section 1: Financial Accounting (120 marks). This section has four
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 informationMultiple choice questions for Accounting for Non-Accountants 10 th edition
Accounting for Non-Accountants 10th Online Material 1 Multiple choice questions for Accounting for Non-Accountants 10 th edition Set 3 20 questions 1 At the start of the year, the balance on Kieran s capital
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 2013 (50) BASIC ACCOUNTING (1) This paper consists
More informationUNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education
UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education ACCOUNTING 0452/01 Paper 1 Examination from 2010 SPECIMEN PAPER 1 hour 45 minutes Candidates
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 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 informationK.C.S.E 2012 QUESTIONS BUSINESS STUDIES PAPER 1
K.C.S.E 2012 QUESTIONS BUSINESS STUDIES PAPER 1 1. Outline four circumstances under which cash with order may be used. (4 2 State four benefits that a farmer may derive from being a member of a Producer
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 informationUNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS General Certificate of Education Ordinary Level. Paper 2 October/November hours
www.xtremepapers.com UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS General Certificate of Education Ordinary Level *2447945096* PRINCIPLES OF ACCOUNTS 7110/02 Paper 2 October/November 2010 2 hours
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 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 informationProfit (P) = Increase or Decrease in Net Assets (I) + Drawings (D) Capital (C) Income Expense = Profit / (Loss) Asset = Liability Capital
Rule of Double Entry Assets Liability Capital Expense Income DEBIT CREDIT Increase Decrease Accounting Equation Asset = Capital + Liability Capital = Asset Liability = NET ASSETS Business Equation Profit
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 informationCoimisiún na Scrúduithe Stáit State Examinations Commission
2014. M55 Coimisiún na Scrúduithe Stáit State Examinations Commission LEAVING CERTIFICATE EXAMINATION 2014 A C C O U N T I N G - H I G H E R L E V E L (400 marks) This paper is divided into 3 Sections:
More informationOXFORD CAMBRIDGE AND RSA EXAMINATIONS ADVANCED SUBSIDIARY GCE F001 ACCOUNTING. Accounting Principles
OXFORD CAMBRIDGE AND RSA EXAMINATIONS ADVANCED SUBSIDIARY GCE F001 ACCOUNTING Accounting Principles TUESDAY 2 JUNE 2009: Morning DURATION: 1 hour 30 minutes SUITABLE FOR VISUALLY IMPAIRED CANDIDATES Candidates
More informationA C C O U N T I N G - H I G H E R L E V E L (400 marks)
AN ROINN OIDEACHAIS AGUS EOLAÍOCHTA M.55 LEAVING CERTIFICATE EXAMINATION, 2002 A C C O U N T I N G - H I G H E R L E V E L (400 marks) THURSDAY, 13 TH JUNE 2002 - MORNING 9.30 a.m. to 12.30 p.m. This paper
More informationCENTRAL KENYA NATIONAL SCHOOLS JOINT MOCK /1 BUSINESS STUDIES PAPER 1 MARKING SCHEME
CENTRAL KENYA NATIONAL SCHOOLS JOINT MOCK - 2015 565/1 BUSINESS STUDIES PAPER 1 MARKING SCHEME 1. 2. 3. 4. 5. 6. 7. 8. 9. (a) Basic (b) Basic (c) Basic (d) Secondary (a) Inadequate capital (don t accept
More informationUNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education
UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education *2838415148* ACCOUNTING 0452/11 Paper 1 October/November 2011 Candidates answer on the Question
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 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(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 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 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 informationS.5 BUSINESS, ACCOUNTING AND FINANCIAL STUDIES Accounting Module
FANLING LUTHERAN SECONDARY SCHOOL 2015 2016 FIRST TERM EXAM S.5 BUSINESS, ACCOUNTING AND FINANCIAL STUDIES Accounting Module Date : 19th January, 2016 Time allowed: 8:30 am - 10:45 am (2 hour 15 minutes)
More informationTHE UNITED REPUBLIC OF TANZANIA NATIONAL EXAMINATIONS COUNCIL CERTIFICATE OF SECONDARY EDUCATION EXAMINATION. Instructions
THE UNITED REPUBLIC OF TANZANIA NATIONAL EXAMINATIONS COUNCIL CERTIFICATE OF SECONDARY EDUCATION EXAMINATION 062 BOOK KEEPING (For Both School and Private Candidates) Time: 3 Hours Friday, 12 th October
More informationFirst Semester MBA Degree Examination, Accounting for Managers Model Question Paper-2 Time: 3 hrs. Max. Marks: 100
USN 18MBA13 First Semester MBA Degree Examination, Accounting for Managers Model Question Paper-2 Time: 3 hrs. Max. Marks: 100 Note: 1. Answer any FOUR full questions from Part-A. 2. Part-B Case Study
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 informationNAME..CL.. ADM NO INSTRUCTIONS: ANSWER ALL QUESTIONS IN THE SPACES PROVIDED. Injection/leakages
NAME..CL.. ADM NO BUSINESS STUDIES PAPER 1 JULY /AUGUST 2018 FORM 4 TIME: 2HRS INSTRUCTIONS: ANSWER ALL QUESTIONS IN THE SPACES PROVIDED. 1. State whether the following represent injection into or leakages
More informationTHE UNITED REPUBLIC OF TANZANIA NATIONAL EXAMINATIONS COUNCIL CERTIFICATE OF SECONDARY EDUCATION EXAMINATION. Instructions
THE UNITED REPUBLIC OF TANZANIA NATIONAL EXAMINATIONS COUNCIL CERTIFICATE OF SECONDARY EDUCATION EXAMINATION 062 BOOK KEEPING (For Both School and Private Candidates) Time: 3 Hours Friday, 8 th October
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 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 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 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 informationTHIS IS A LEGACY SPECIFICATION MODIFIED LANGUAGE
THIS IS A LEGACY SPECIFICATION ADVANCED SUBSIDIARY GCE ACCOUNTING Accounting Principles F001 * OCE / 1115 4* Candidates answer on the Answer Booklet OCR Supplied Materials: 8 page Answer Booklet Other
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 informationSPECIMEN F013 RB ADVANCED GCE ACCOUNTING RESOURCE BOOKLET. To be given to candidates at the start of the examination
ADVANCED GCE ACCOUNTING Unit F013: Company Accounts and Interpretation RESOURCE BOOKLET To be given to candidates at the start of the examination INSTRUCTIONS TO CANDIDATES F013 RB Duration: 1 hour 30
More informationKISUMU WEST SUB COUNTY JOINT EXAMINATION-2014 Kenya Certificate of Secondary Education (K.C.S.E.)
NAME... SCHOOL... CANDIDATE S SIGNATURE:... INDEX NO:.. DATE:.. 565/1 BUSINESS STUDIES PAPER 1 JULY/AUGUST 2014 TIME: 2 HOURS KISUMU WEST SUB COUNTY JOINT EXAMINATION-2014 Kenya Certificate of Secondary
More informationG.C.E.(A.L.) Support Seminar
G.C.E.(A.L.) Support Seminar 2014 Accounting Paper I Answer Guide Questoion No. Answer Questoion No. Answer (1) 3 (21) 2 (2) 4 (22) 4 (3) 1 (23) 4 (4) 5 (24) 3 (5) 5 (25) 2 (6) 3 (26) 4 (7) 5 (27) 3 (8)
More informationCambridge International Examinations Cambridge International General Certificate of Secondary Education
Cambridge International Examinations Cambridge International General Certificate of Secondary Education *3733931195* ACCOUNTING 0452/11 Paper 1 October/November 2018 1 hour 45 minutes Candidates answer
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 informationAccounting 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 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 informationMARK SCHEME for the May/June 2007 question paper 0452 ACCOUNTING
UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education MARK SCHEME for the May/June question paper 0452 ACCOUNTING 0452/02 Paper 2, maximum raw mark
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 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 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 informationXI - ACCOUNTING REGULAR / PRIVATE
The workings under the heading of Additional Working are not required according to the requirement of the examiner. These are only for understanding the solutions. For more help, visit www.a4accounting.net
More informationAccredited Accounting Technician Examination. Paper 1 Fundamentals of Accounting and Computerized Accounts
Accredited Accounting Technician Examination Pilot Examination Paper Paper 1 Fundamentals of Accounting and Computerized Accounts Questions & Answers Booklet The Suggested Answers given in this booklet
More informationUNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS General Certificate of Education Advanced Subsidiary Level and Advanced Level
*1011372598* UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS General Certificate of Education Advanced Subsidiary Level and Advanced Level ACCOUNTING 9706/12 Paper 1 Multiple Choice October/November
More informationFor other subjects, go to
MAY/JUNE 2006 FINANCIAL ACCOUNTING 1. Explain briefly the following terms i. Bank statement ii. Bank reconciliation statement iii. Uncredited cheques iv. Unpresented cheques v. Dishonoured cheques. Answers:
More informationMARK SCHEME for the October/November 2010 question paper for the guidance of teachers 0452 ACCOUNTING. 0452/22 Paper 2, maximum raw mark 120
UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education MARK SCHEME for the October/November 2010 question paper for the guidance of teachers 0452 ACCOUNTING
More informationFINANCIAL STATEMENTS Determining the profit or loss of a business
FINANCIAL STATEMENTS These are prepared at the end of a given trading period to determine the profit and losses of the business, and also to show the financial position of the business at a given time.
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 informationNOVEMBER 2016 PROFESSIONAL EXAMINATION FINANCIAL ACCOUNTING (PAPER 1.1) CHIEF EXAMINER S REPORT, QUESTIONS AND MARKING SCHEME
NOVEMBER 2016 PROFESSIONAL EXAMINATION FINANCIAL ACCOUNTING (PAPER 1.1) CHIEF EXAMINER S REPORT, QUESTIONS AND MARKING SCHEME GENERAL COMMENTS The standard of the question paper was good and candidates
More informationPTP_Intermediate_Syllabus2012_Dec2015_Set 2 Paper 5- Financial Accounting
Paper 5- Financial Accounting Directorate of Studies, The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament) Page 1 LEVEL B PTP_Intermediate_Syllabus2012_Dec2015_Set 2 The
More information1 st Term Examination November, 2017 BUSINESS & ACCOUNTS
c Grade 10 Angel International School - Manipay 1 st Term Examination November, 2017 BUSINESS & ACCOUNTS Duration: 03 hours PART-1 Answer the questions no.1 to 5 paying attention to the following case.
More informationMTP_Intermediate_Syllabus 2016_June2019_Set1 Paper 5- Financial Accounting
Paper 5- Financial Accounting Dos, 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: 3 hours Section
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 informationACCOUNTING: PAPER II INFORMATION BOOKLET
NATIONAL SENIOR CERTIFICATE EXAMINATION NOVEMBER 2011 ACCOUNTING: PAPER II Time: 2 hours 100 marks INFORMATION BOOKLET PLEASE TURN OVER Page ii of ix Gross Profit 100 Sales 1 Operating expenses 100 Sales
More informationOsborne Books Tutor Zone. Bookkeeping Controls. Answers to chapter activities
Osborne Books Tutor Zone Bookkeeping Controls Answers to chapter activities Osborne Books Limited, 2016 2 b o o k k e e p i n g c o n t r o l s t u t o r z o n e 1 Payment methods 1.1 (a) A standing order
More informationSCHOOL OF ACCOUNTING AND BUSINESS BSc. (APPLIED ACCOUNTING) GENERAL / SPECIAL DEGREE PROGRAMME
All Rights Reserved Index No No. of Pages - 12 No of Questions - 08 SCHOOL OF ACCOUNTING AND BUSINESS BSc. (APPLIED ACCOUNTING) GENERAL / SPECIAL DEGREE PROGRAMME YEAR I SEMESTER I (INTAKE VI GROUP A)
More informationDO NOT TURN OVER UNTIL TOLD TO BEGIN
THIS PAPER IS NOT TO BE REMOVED FROM THE EXAMINATION HALLS University of London BSc Examination 2010 for External Students BBA0020 Business Administration Accounting for Management DATE DO NOT TURN OVER
More informationSOURCE DOCUMENTS AND BOOKS OF ORIGINAL ENTRY
NAME SCHOOL INDEX NUMBER DATE SOURCE DOCUMENTS AND BOOKS OF ORIGINAL ENTRY 1. 1996 P1 The following is an extract of a cash book from Ramo traders Date Particulars Cash Bank Date Particulars Cash Bank
More informationAccounting Fundamentals
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
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 informationName: Class: Instructions to Candidates. Mark Awarded. Year 9 ACCOUNTING Time: 1:30min. The use of calculators is allowed.
Year 9 ACCOUNTING Time: 1:30min Name: Class: Instructions to Candidates The use of calculators is allowed. All questions must be attempted. All workings must be shown. Mark Awarded Page 1 of 8 1. Tick
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 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 informationBUSINESS STUDIES PAPER 1
TRANS-NZOIA COUNTY KCSE REVISION MOCK EXAMS 2015 BUSINESS STUDIES PAPER 1 SCHOOLS NET KENYA Osiligi House, Opposite KCB, Ground Floor Off Magadi Road, Ongata Rongai Tel: 0711 88 22 27 E-mail:infosnkenya@gmail.com
More informationStudent s Book. Financial
FET FIRST NATED Series Financial Accounting N4 Student s Book R. Eyssen FET FIRST NATED Series Financial Accounting Student s Book R. Eyssen, 2012 All rights reserved. No part of this publication may be
More informationA C C O U N T I N G - H I G H E R L E V E L (400 marks)
AN ROINN OIDEACHAIS AGUS EOLAÍOCHTA M.55 LEAVING CERTIFICATE EXAMINATION, 2001 A C C O U N T I N G - H I G H E R L E V E L (400 marks) THURSDAY, 14 TH JUNE - MORNING 9.30 a.m. to 12.30 p.m. This paper
More informationPlease write all your answers in blue or black ink in the answer book provided. There are 3 questions to attempt.
Desk Number. University Card Number FOUNDATION Mid Term Assessment Group November 2016 Accounting 1.5 hours Instructions Please write all your answers in blue or black ink in the answer book provided.
More informationXI ACCOUNTING REGULAR / PRIVATE
The workings under the heading of Additional Working are not required according to the requirement of the examiner. These are only for understanding the solutions. For more help, visit www.a4accounting.net
More informationFOUNDATION EXAMINATION
FOUNDATION EXAMINATION (SYLLABUS 2008) SUGGESTED ANSWERS TO QUESTIONS JUNE 2012 Paper-2 : ACCOUNTING Time Allowed : 3 Hours Full Marks : 100 The figures in the margin on the right side indicate full marks.
More informationCambridge International Examinations Cambridge International General Certificate of Secondary Education
Cambridge International Examinations Cambridge International General Certificate of Secondary Education *5285040115* ACCOUNTING 0452/13 Paper 1 October/November 2015 Candidates answer on the Question Paper.
More informationDO NOT TURN OVER UNTIL TOLD TO BEGIN
THIS PAPER IS NOT TO BE REMOVED FROM THE EXAMINATION HALLS University of London BSc Examination 2012 BA1020 (BBA0020) Business Administration Accounting for Management Day, May 2012: Time DO NOT TURN OVER
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 informationUNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education
*2076080738* UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education ACCOUNTING 0452/21 Paper 2 October/November 2012 Candidates answer on the Question
More informationSOURCE DOCUMENTS AND BOOKS OF ORIGINAL ENTRY
SOURCE DOCUMENTS AND BOOKS OF ORIGINAL ENTRY These are documents containing the information that makes basis of making entries in the books of accounts. They act as evidence that the transaction actually
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 informationFinal Accounts. PANCHAKSHARI S PROFESSIONAL ACADEMY PVT LTD (Your Lifelong Knowledge Partner ) c) A current liability d) Capital
Final Accounts 100 Questions 100 Marks 120 Minutes Select the best choice to answer the following questions: 1. Current assets include: a) Stock, debtors, prepayments b) Stock, debtors, accruals c) Stock,
More informationUNIVERSITY OF MALTA SECONDARY EDUCATION CERTIFICATE SEC ACCOUNTING. May Marking Scheme Paper I
UNIVERSITY OF MALTA SECONDARY EDUCATION CERTIFICATE SEC ACCOUNTING May 2011 Marking Scheme Paper I MATRICULATION AND SECONDARY EDUCATION CERTIFICATE EXAMINATIONS BOARD PAPER I Answer ALL questions. Question
More informationTHE CATHOLIC UNIVERSITY OF EASTERN AFRICA A. M. E. C. E. A
THE CATHOLIC UNIVERSITY OF EASTERN AFRICA A. M. E. C. E. A CITY CAMPUS MAIN EXAMINATION P.O. Box 62157 00200 Nairobi - KENYA Telephone: 891601-6 Fax: 254-20-891084 E-mail:academics@cuea.edu JANUARY APRIL
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 informationUNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education
*8635910665* UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education ACCOUNTING 0452/21 Paper 2 October/November 2011 Candidates answer on the Question
More informationCambridge International Examinations Cambridge International General Certificate of Secondary Education
*8375935637* Cambridge International Examinations Cambridge International General Certificate of Secondary Education ACCOUNTING 0452/11 Paper 1 October/November 2015 Candidates answer on the Question Paper.
More information6. Narrate the advantages of office manual. Time: Three hours Maximum: 100 marks Answer any.three questions.
--- - - - 7162/BAl OCTOBER 2008 BUSINESS COMMUNICATION AND OFFICE MANAGEMENT 6. Narrate the advantages of office manual. 7. Describe the importance of proper lighting and ventilation in an office. 8. Explain
More informationCambridge International Examinations Cambridge International Advanced Subsidiary and Advanced Level
Cambridge International Examinations Cambridge International Advanced Subsidiary and Advanced Level ACCOUNTING 9706/12 Paper 1 Multiple Choice October/November 2017 1 hour *5624311206* Additional Materials:
More informationUNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS General Certificate of Education Ordinary Level
*7073444731* UNIVERSITY OF MRIGE INTERNTIONL EXMINTIONS General ertificate of Education Ordinary Level OMMERE 7100/13 Paper 1 Multiple hoice May/June 2013 1 hour dditional Materials: Multiple hoice nswer
More informationHoliday Assignment for POA Sec 3 students
Holiday Assignment for POA Sec 3 students Marker s Comment Instructions Answer ALL questions on this paper. Omission of essential working will result in loss of marks, Use ledger paper as per necessary.
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 informationFINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING FORMATION 2 EXAMINATION - APRIL 2013 NOTES: You are required to answer Question 1. You are also required to answer any three out of Questions 2 to 5. (If you provide answers to all
More informationUNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education
*4543922881* UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education ACCOUNTING 0452/23 Paper 2 October/November 2013 Candidates answer on the Question
More information