FM101. DUE DATE : 3:00 p.m. 16 AUGUST 2011
|
|
- Imogen Morris
- 6 years ago
- Views:
Transcription
1 Page 1 of 6 ASSIGNMENT 2 nd SEMESTER : FINANCIAL MANAGEMENT 1 () CHAPTERS COVERED : CHAPTERS 1-5, 7, 8 DUE DATE : 3:00 p.m. 16 AUGUST 2011 TOTAL MARKS : 100 INSTRUCTIONS TO CANDIDATES FOR COMPLETING AND SUBMITTING ASSIGNMENTS The complete Instructions to Students for Completing and Submitting Assignments must be collected from any IMM GSM office, the relevant Student Support Centre or can be downloaded from the IMM GSM website. It is essential that the complete instructions be studied prior to commencing your assignment. The following points highlight only a few important notes. 1. You are required to submit ONE assignment per subject. 2. The assignment will contribute 20% towards the final examination mark, and the other 80% will be made up from the examination, however the examination papers will count out of 100%. 3. Although your assignment will contribute towards your final examination mark, you do not have to earn credits for admission to the examinations; you are automatically accepted on registering for the exam. 4. Number all the pages of your assignment (e.g. page 1 of 4) and write your name and surname, student number and subject at the top of each page. 5. The IMM GSM requires assignments to be presented on plain A4 paper. You must show all working calculations, including and where appropriate multiple choice working calculations. 6. A separate assignment cover, which is provided by the IMM GSM, must be attached to the front cover of each assignment. 7. Retain a copy of each assignment before submitting, in case the original does not reach the IMM GSM. 8. The assignment due date refers to the day up to which assignments will be accepted for marking purposes. The deadline is 3:00 p.m. on 16 August Late assignments will be accepted, but 25 marks will be deducted from the maximum mark, if received after 3:00 p.m. on 16 August 2011 and up to 5:00 p.m. the following day, after which no assignments will be accepted. 9. If you fail to follow these instructions carefully, the IMM Graduate School of Marketing cannot accept responsibility for the return of the assignment. It may even result in your assignment not being marked. Results will be available on the IMM GSM website, on Friday, 7 October 2011.
2 Page 2 of 6 SPECIFIC INSTRUCTIONS: Answer ALL the questions. The use of calculators is permitted. Show ALL calculations. Read all questions carefully to determine exactly what is required before attempting to answer. Number your answers clearly and set them out under appropriate headings and sub-headings. ANSWER ALL QUESTIONS QUESTION 1 [25] 1.1 In each of the following situations calculate the unknown element: a) In a business with capital of R30,000 and retained profit of R25,000 and liabilities of R10,000, what would the assets be? b) The owner s contribution during the year if the business has assets of R90,000, liabilities of R35,000 and owner s equity (excluding capital contributed by the owner during the year) of R10, Calculate the missing figures using the basic accounting equation. a) Bank = R40,000 Vehicles = R15,000 Equipment = R215,000 Capital =? b) Capital = R150,000 Mortgage loan = R1,850,000 Bank =? Machinery = R300,000 Debtors = R190,000 c) Bank overdraft = R150,000 Debtors = R25,000 Buildings = R800,000 Equipment = R50,000 Creditors = R250,000 Capital = R? 1.3 You are required to enter the transactions on the accounting equation for Alpha Builders as per the example provided below. The following transactions appeared in the books of the business for the month of July 2010: (20) 01 July Bought wheelbarrows for R2800 on credit 05 July Bought 20 bags of cement from Cash & Carry Building Supplies and paid by cheque R July Returned wheelbarrow ing R320 to supplier as it was defective. The supplier granted full credit. 08 July Bought brickforce from Speedy Building Supplies on credit R July Owner took a cheque for his personal use R4500
3 Page 3 of 6 10 July Complete a small building project and receive R18000 cash 11 July Draw a cheque for R2000 to pay creditors 15 July Paid R1500 cash to subcontractor to remove rubble 16 July Received R26000 cash from debtors 21 July Owner invested R40000 into the business 26 July Complete a small renovation project and issue an invoice for R18000 USE THE LAYOUT AS PER THE EXAMPLE GIVEN BELOW. OWNER S DATE ASSETS = LIABILITIES EQUITY + Capital/ Vehicles Equipment Debtors Bank Income/expense Loan Creditors drawings Please note that no marks will be awarded if the sign is omitted! QUESTION 2 [30] Given the trial balance and additional information as it relates to Mega Traders, you are required to draw up an income statement (16 marks) and balance sheet (14 marks) as at 31 December Show detailed notes to reflect depreciation and changes in equity.
4 Page 4 of 6 Additional information which has not been taken into account calculating the above: 1. Inventory on 31 December 2010: a. Trading stock = R b. Packing material = R A debtor is insolvent; the debt of R900 has to be written off as irrecoverable. 3. An employee is on compassionate leave and her salary of R7000 has been paid to her in advance (This employee s salary was accounted for in the figures above). 4. Delivery fees of R1000 on purchases have not been paid yet. 5. An insurance premium of R400 per month, included in the figure above, has been paid until the end of October Rent represented in the trial balance has been received until the end of March Commission to the value of R600 was earned on 28 December This amount is still outstanding.
5 Page 5 of 6 8. Provision must be allowed for depreciation as follows: a. Forklifts R4000 b. Equipment R2000 QUESTION 3 [15] 3.1 Classy Stores, a VAT vendor, marks its goods up by 60% on. They receive R9120 from Petty Boutique for goods sold. Calculate output tax and of goods sold. (3) 3.2 Complete the table by writing your answer next to the corresponding letter in your script: (7) Cost price % mark-up Selling price VAT Marked price 14% R % on A B C D 80% on selling price R9000 E F G 25% on R45000 H I J 20% on K L R17100 R % on price M R11375 N 3.3 Classify the following items as taxable (T), exempt supplies (E), zero rated supplies (Z) or deemed supplies (D) (5) a) Bus, train and taxi fares b) Vegetables c) Maize meal d) Renting of accommodation for use as private residence e) Goods and services withdrawn by vendor for her own use QUESTION 4 [30] 4.1 Classify the s below according to the following terms: product, period, fixed, variable, mixed, sunk, opportunity. Use the layout provided below. Take note that more than one answer is possible. Each correct answer is only worth ½ mark. (15) Cost item Var. Fixed Mixed Period Direct product Example: Wood used in manufacture of a piece of furniture Indirect product Sunk Opp. X X a) Salary of the ing clerk b) Overtime paid to builders c) Electricity used for operating machinery d) Photocopier in the general office, leased at basic monthly charge plus an additional amount for each copy made e) Depreciation on concrete mixer, using the straight-line method f) Commissions paid to property salespersons
6 Page 6 of 6 g) Trade discount granted to customers h) Bricks used in building of a house i) Wages of builders, who are paid per hour j) Lease of vehicle k) Salary of foreman l) Rental income forgone on factory space m) Salary of storeman in warehouse. 4.2 Zeta Manufacturing wants to drop product Candy from its range of products. You are required to calculate the differential income/expenses and profit/loss if the product is dropped and comment/conclude which direction would be most beneficial for the firm, given the data below: (10) Income & Expenses associated with product Candy Income (revenue) R Less: Variable Marginal income Less: Fixed s Rental* Salaries and wages Depreciation on equipment * Advertising Other administrative expenses* Net profit/(loss) ( ) Costs indicated with an * are unavoidable (non-relevant) s. 4.3 Quantum Products provided the following data relating to job number QP3256: Direct materials R Direct labour R Manufacturing overheads (75% fixed, 25% variable) R Selling and administrative overheads (60% fixed, 40% variable) R You are required to determine the following: a) Prime s b) Conversion c) Total variable (3) ASSIGNMENT TOTAL: 100
FM101 CHAPTERS COVERED : CHAPTERS 1-5, 7, 8. DUE DATE : 3:00 p.m. 15 MARCH 2011
Page 1 of 6 ASSIGNMENT 1 ST SEMESTER : FINANCIAL MANAGEMENT 1 () CHAPTERS COVERED : CHAPTERS 1-5, 7, 8 DUE DATE : 3:00 p.m. 15 MARCH 2011 TOTAL MARKS : 100 INSTRUCTIONS TO CANDIDATES FOR COMPLETING AND
More informationFM101 CHAPTERS COVERED : CHAPTERS 1, 5, 7 AND 8. DUE DATE : 3:00 p.m. 21 AUGUST 2012
Page 1 of 11 ASSIGNMENT 2 ND SEMESTER : FINANCIAL MANAGEMENT 1 () CHAPTERS COVERED : CHAPTERS 1, 5, 7 AND 8 DUE DATE : 3:00 p.m. 21 AUGUST 2012 TOTAL MARKS : 100 INSTRUCTIONS TO CANDIDATES FOR COMPLETING
More informationCHAPTERS COVERED : CHAPTERS 1-8, 10 & LEARNER GUIDE : STUDY UNITS 1-4 & 8. DUE DATE : 3:00 p.m. 21 AUGUST 2012
Page 1 of 6 ASSIGNMENT 2 ND SEMESTER : FINANCIAL MANAGEMENT () CHAPTERS COVERED : CHAPTERS 1-8, 10 & 21-24 LEARNER GUIDE : STUDY UNITS 1-4 & 8 DUE DATE : 3:00 p.m. 21 AUGUST 2012 TOTAL MARKS : 100 INSTRUCTIONS
More informationSTUDY UNITS COVERED : CHAPTERS 3-7. DUE DATE : 3pm Tuesday 16 March 2010
Page 1 of 5 ASSIGNMENT 1 st SEMESTER : FINANCIAL ACCOUNTING (FA) STUDY UNITS COVERED : CHAPTERS 3-7 DUE DATE : 3pm Tuesday 16 March 2010 TOTAL MARKS : 100 INSTRUCTIONS TO CANDIDATES FOR COMPLETING AND
More informationSTUDY UNITS COVERED : STUDY UNITS 1-5 & 7 CHAPTERS COVERED : CHAPTERS 1-5, 7, 8, 9 & 18. DUE DATE : 3:00 p.m. 18 March 2014
Page 1 of 7 ASSIGNMENT 1 ST SEMESTE : FINANCIAL MANAGEMENT STUDY UNITS COVEED : STUDY UNITS 1-5 & 7 CHAPTES COVEED : CHAPTES 1-5, 7, 8, 9 & 18 DUE DATE : 3:00 p.m. 18 March 2014 TOTAL MAKS : 100 INSTUCTIONS
More informationDUE DATE : 3:00 p.m. 18 MARCH 2014
Page 1 of 8 ASSIGNMENT 1 ST SEMESTE : FINANCIAL ACCOUNTING () STUDY UNITS COVEED : STUDY UNITS 1-4 CHAPTES COVEED : CHAPTES 1-6 DUE DATE : 3:00 p.m. 18 MACH 2014 TOTAL MAKS : 100 INSTUCTIONS TO CANDIDATES
More informationFM202. CHAPTERS COVERED : CHAPTERS 1-4 and 16 LEARNER GUIDE : STUDY UNITS 1-3 DUE DATE : 3:00 p.m. 21 AUGUST 2012 TOTAL MARKS : 100
Page 1 of 11 ASSIGNMENT 2 ND SEMESTER : FINANCIAL MANAGEMENT 2 () CHAPTERS COVERED : CHAPTERS 1-4 and 16 LEARNER GUIDE : STUDY UNITS 1-3 DUE DATE : 3:00 p.m. 21 AUGUST 2012 TOTAL MARKS : 100 INSTRUCTIONS
More informationSTUDY UNITS COVERED : STUDY UNITS 1-5 (SECTION B) DUE DATE : 3:00 p.m. 20 MARCH 2012
Page 1 of 8 ASSIGNMENT 1 ST SEMESTER: NAGEMENT ACCOUNTING () STUDY UNITS COVERED : STUDY UNITS 1-5 (SECTION B) DUE DATE : 3:00 p.m. 20 RCH 2012 TOTAL RKS : 100 INSTRUCTIONS TO CANDIDATES FOR COMPLETING
More informationFM303 CHAPTERS COVERED : CHAPTERS 1, 5, DUE DATE : 3:00 p.m. 18 March 2014
Page 1 of 9 ASSIGNMENT 1 ST SEMESTER : FINANCIAL MANAGEMENT 3 () CHAPTERS COVERED : CHAPTERS 1, 5, 8-10 STUDY UNITS : STUDY UNITS 1-3 DUE DATE : 3:00 p.m. 18 March 2014 TOTAL MARKS : 100 INSTRUCTIONS TO
More informationDUE DATE : 3pm Tuesday 16 March MATERIAL REQUIRED : ANSWER SHEET Refer to page 7
Page 1 of 7 ASSIGNMENT 1 st SEMESTER : FINANCIAL MANAGEMENT (FM) STUDY UNITS COVERED : MODULES 1-10 DUE DATE : 3pm Tuesday 16 March 2010 TOTAL MARKS : 100 MATERIAL REQUIRED : ANSWER SHEET Refer to page
More informationFM303 CHAPTERS COVERED : CHAPTERS 1, 5, DUE DATE : 3:00 p.m. 19 AUGUST 2014
Page 1 of 8 ASSIGNMENT 2 nd SEMESTER : FINANCIAL MANAGEMENT 3 () CHAPTERS COVERED : CHAPTERS 1, 5, 8-10 STUDY UNITS COVERED : STUDY UNITS 1-3 DUE DATE : 3:00 p.m. 19 AUGUST 2014 TOTAL MARKS : 100 INSTRUCTIONS
More informationASSIGNMENT 1 ST SEMESTER : MACROECONOMICS (MAC) ECONOMICS 1 (ECO101) STUDY UNITS COVERED : STUDY UNITS 1 AND 2. DUE DATE : 3:00 p.m.
Page 1 of 15 ASSIGNMENT 1 ST SEMESTER : MACROECONOMICS (MAC) ECONOMICS 1 (ECO101) STUDY UNITS COVERED : STUDY UNITS 1 AND 2 DUE DATE : 3:00 p.m. 19 MARCH 2013 TOTAL MARKS : 100 INSTRUCTIONS TO CANDIDATES
More informationMGT101 All Solved Past Papers of Mid Term Exam in one file By
MGT101 All Solved Past Papers of Mid Term Exam in one file By http://vustudents.ning.com MIDTERM EXAMINATION 7 th Dec 2009 MGT101- Financial Accounting Question No: 1 Income of the business includes: Cash
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 informationNOVEMBER 2013 EXAMINATION DATE: 5 NOVEMBER 2013 DURATION: 2 HOURS PASS MARK: 40% (DBM-03)
BUSBUS17 NOVEMBER 2013 EXAMINATION DATE: 5 NOVEMBER 2013 TIME: 09H00 11H00 TOTAL: 100 MARKS DURATION: 2 HOURS PASS MARK: 40% (DBM-03) BUSINESS ACCOUNTING THIS EXAMINATION PAPER CONSISTS OF 4 SECTIONS:
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 informationFINANCIAL ACCOUNTING 1
FINBUS2 NOVEMBER 2013 EXAMINATION DATE: 4 NOVEMBER 2013 TIME: 09H00 12H00 TOTAL: 100 MARKS DURATION: 3 HOURS PASS MARK: 40% (BUS-AC1) FINANCIAL ACCOUNTING 1 THIS EXAMINATION PAPER CONSISTS OF 2 SECTIONS:
More informationSTUDY UNITS COVERED : STUDY UNITS 1-2. DUE DATE : 3:00 p.m. 20 AUGUST 2013
Page 1 of 8 ASSIGNMENT 2 ND SEMESTER : MACROECONOMICS (MAC) ECONOMICS 1 (ECO101) STUDY UNITS COVERED : STUDY UNITS 1-2 DUE DATE : 3:00 p.m. 20 AUGUST 2013 TOTAL MARKS : 100 INSTRUCTIONS TO CANDIDATES FOR
More informationACCOUNTING: PAPER I INFORMATION BOOKLET RATIO SHEET. Gross Profit 100 Cost of sales 1. Sales 1. Average creditors 365 Credit purchases 1
NATIONAL SENIOR CERTIFICATE EXAMINATION NOVEMBER 2012 ACCOUNTING: PAPER I Time: 2 hours 200 marks INFORMATION BOOKLET RATIO SHEET Gross Profit 100 Sales 1 Operating expenses 100 Sales 1 Gross Profit 100
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 informationRemedial activities and solutions
Payroll and Monthly SARS Returns Remedial activities and solutions Learning Module: Recording business financial transactions Basic Accounting Activities The following activities have been developed to
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 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 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 informationAccounting Technicians Ireland First Year Examination: Autumn 2016 Paper: FINANCIAL ACCOUNTING Tuesday 9 August a.m. to p.m.
Accounting Technicians Ireland First Year Examination: Autumn 2016 Paper: FINANCIAL ACCOUNTING Tuesday 9 August 2016 9.30 a.m. to 12.30 p.m. INSTRUCTIONS TO CANDIDATES PLEASE READ CAREFULLY Candidates
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 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 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 informationNational Quali cations 2018
N5 X800/75/11 National Quali cations 2018 Accounting FRIDAY, 25 MAY 9:00 AM 11:00 AM Total marks 130 SECTION 1 70 marks Attempt BOTH questions. SECTION 2 60 marks Attempt ALL questions. Write your answers
More informationCambridge International Examinations Cambridge Ordinary Level
Cambridge International Examinations Cambridge Ordinary Level * 5 6 1 5 6 3 3 0 4 0 * PRINCIPLES OF ACCOUNTS 7110/22 Paper 2 October/November 2016 2 hours Candidates answer on the Question Paper. No Additional
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 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 informationMIDTERM EXAMINATION MGT101- Financial Accounting (Session - 5) Time: 60 min Marks: 50
MIDTERM EXAMINATION MGT101- Financial Accounting (Session - 5) Time: 60 min Marks: 50 Question No: 1 ( Marks: 1 ) - Please choose one An accounting system is used by a business to: Analyze transactions
More informationREVISION: COST ACCOUNTING & BUDGETS 18 SEPTEMBER 2014
REVISION: COST ACCOUNTING & BUDGETS 18 SEPTEMBER 2014 Lesson Description In this lesson we revise: Cost Accounting Budgeting Cost Accounting Question 1 Improve your Skills (Adapted from Nov 2012, DoE,
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 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 informationACCOUNTING 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 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 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 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 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 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 informationCOMSATS INSTITUTE OF INFORMATION TECHNOLOGY, ABBOTTABAD
COMSATS INSTITUTE OF INFORMATION TECHNOLOGY, ABBOTTABAD Registration # Signature Quiz # 2 and 3 Financial MBA 1(3.5) Instructions: 1. Borrowing of Calculator, Ruler etc. is not allowed 2. Switch off Mobile
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 informationMTP_Foundation_Syllabus 2016_Dec2017_Set 2 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 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 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 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 informationThis paper is not to be removed from the Examination Halls
~~AC1025 ZB d0 This paper is not to be removed from the Examination Halls UNIVERSITY OF LONDON AC1025 ZB BSc degrees and Diplomas for Graduates in Economics, Management, Finance and the Social Sciences,
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 informationFM202. DUE DATE : 3:00 p.m. 19 MARCH 2013
Page 1 of 11 ASSIGNMENT 1 ST SEMESTER : FINANCIAL MANAGEMENT 2 () CHAPTERS COVERED : CHAPTERS 1 to 4 LEARNER GUIDE : UNITS 1, 2, 3 and 4 DUE DATE : 3:00 p.m. 19 MARCH 2013 TOTAL MARKS : 100 INSTRUCTIONS
More informationLondon Examinations GCE Accounting (Modular Syllabus) Advanced Subsidiary Unit 1: The Accounting System and Costing
Centre No. Candidate No. Surname Signature Paper Reference(s) 6001/01 London Examinations GCE Accounting (Modular Syllabus) Advanced Subsidiary Unit 1: The Accounting System and Costing Wednesday 15 May
More informationTHURSDAY, 9 MAY 1.00 PM 3.30 PM
X209/12/01 NATIONAL QUALIFICATIONS 2013 THURSDAY, 9 MAY 1.00 PM 3.30 PM ACCOUNTING HIGHER Candidates should attempt six questions in total, as follows. Section A Question 1 and Question 2 or 3 and Question
More informationINTRODUCTION TO ACCOUNTING THEORY AND PRINCIPLES
SECTION 1 INTRODUCTION TO ACCOUNTING CHAPTER 1 THEORY AND PRINCIPLES Note in many cases with theory based questions, alternative answers or additional information may be appropriate. Solution 1.1 Directors,
More informationPaper Reference. Paper Reference(s) 4305/01 London Examinations IGCSE. Friday 3 November 2006 Afternoon Time: 2 hours 30 minutes
Centre No. Candidate No. Paper Reference(s) 4305/01 London Examinations IGCSE Accounting Paper 1 Friday 3 November 2006 Afternoon Time: 2 hours 30 minutes Materials required for examination Nil Paper Reference
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 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 informationSCHOOL OF ACCOUNTING AND BUSINESS BSc. (APPLIED ACCOUNTING) GENERAL / SPECIAL DEGREE PROGRAMME
All Rights Reserved No. of Pages - 07 No of Questions - 05 SCHOOL OF ACCOUNTING AND BUSINESS BSc. (APPLIED ACCOUNTING) GENERAL / SPECIAL DEGREE PROGRAMME YEAR I SEMESTER I (Group B) END SEMESTER EXAMINATION
More informationSOLUTIONS TO END-OF-CHAPTER QUESTIONS CHAPTER 3
SOLUTIONS TO END-OF-CHAPTER QUESTIONS CHAPTER 3 DEVELOP YOUR UNDERSTANDING Question 3.1 1. Abi s capital account balance at 1 September 2017 Remember that assets liabilities = capital (equity) Assets Inventory
More informationFBCA-05 April-2007 Financial Accounting and Management (New Course)
Seat No. : FBCA-05 April-2007 Financial Accounting and Management (New Course) Time : 3 Hours] [Max. Marks : 70 1. (a) Give the meaning and proforma of an Account. Also give the rules of Debit and Credit.
More informationNew_SA_GAAP Planning by Reviewed Performed by Final review 11.15
1. General 1.1. A balanced trial balance 1.2. Draft financial statements 1.3. Copies of minutes and resolutions not yet pasted into the minute books including those in the process of being signed. Statutory
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 informationCERTIFIED INTERNATIONAL TAX ACCOUNTANTS UK
CERTIFIED INTERNATIONAL TAX ACCOUNTANTS UK SAMPLE QUESITONS SUBJECT/MODULE: PROGRAMME / LEVEL: Financial Accounting I CITA Level I INSTRUCTION: Attempt all questions TIME: 3hrs APPLICATION: Students are
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 informationMGT101- Financial Accounting
MIDTERM EXAMINATION MGT101- Financial Accounting Question No: 1 ( Marks: 1 ) - Please choose one Depreciation arises because of: Fall in the market value of an asset Fall in the value of money Physical
More informationSET - I Paper 2-Fundamentals of Accounting
SET - I Paper 2-Fundamentals of Accounting Full Marks: 100 Time allowed: 3 Hours PART A I. Choose the correct answer from the given four alternatives: [6 1=6] 1. Accounting function does not include (a)
More informationACCOUNTING: PAPER I INFORMATION BOOKLET. QUESTION 1 MANUFACTURING (37 marks; 22 minutes)
NATIONAL SENIO CETIFICATE EXAMINATION NOVEMBE 2017 ACCOUNTING: PAPE I Time: 2 hours 200 marks INFOMATION BOOKLET QUESTION 1 MANUFACTUING (37 marks; 22 minutes) The information below refers to File Fanatics.
More informationThis paper is not to be removed from the Examination Halls
~~AC1025 ZA d0 This paper is not to be removed from the Examination Halls UNIVERSITY OF LONDON AC1025 ZA BSc degrees and Diplomas for Graduates in Economics, Management, Finance and the Social Sciences,
More informationACCOUNTING - HIGHER LEVEL (400 marks)
M.55 ªM.55/ PRE-LEAVING CERTIFICATE EXAMINATION, 2009 ACCOUNTING - HIGHER LEVEL (400 marks) TIME : 3 HOURS This paper is divided into 3 Sections: Section 1: Financial Accounting (120 marks). This section
More informationCambridge International Examinations Cambridge International General Certificate of Secondary Education
Cambridge International Examinations Cambridge International General Certificate of Secondary Education *0740176464* ACCOUNTING 0452/12 Paper 1 October/November 2016 1 hour 45 minutes Candidates answer
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 informationPRINCIPLES OF ACCOUNTS
PRINCIPLES OF ACCOUNTS Paper 7110/11 Multiple Choice Question Number Key Question Number Key 1 B 16 B 2 D 17 C 3 B 18 B 4 A 19 A 5 D 20 D 6 A 21 C 7 C 22 A 8 D 23 D 9 A 24 B 10 C 25 C 11 C 26 C 12 B 27
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 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 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 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 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 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 informationCOMSATS Institute of Information Technology Abbottabad
COMSATS Institute of Information Technology Abbottabad Department of Management Sciences Terminal Section A Class: Date: Subject: Accounting Instructor: Zaheer A. Swati Time Allowed: 30 Minutes Max Marks:
More informationUNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education
*8666606860* UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education ACCOUNTING 0452/13 Paper 1 May/June 2013 Candidates answer on the Question Paper.
More informationINTRODUCTION TO FINANCIAL ACCOUNTING
INTBUS JUNE 2013 EXAMINATION DATE: 5 JUNE 2013 TIME: 09H00 11H00 TOTAL: 100 MARKS DURATION: 2 HOURS PASS MARK: 40% (IFA-01) INTRODUCTION TO FINANCIAL ACCOUNTING THIS EXAMINATION PAPER CONSISTS OF 3 SECTIONS:
More information'Financial Accounting' Results For JOE BLOGGS. Financial Accounting. Summary
'Financial Accounting' Results For JOE BLOGGS Financial Accounting Summary Name Financial Accounting Test Language English Started - Finished 13th Jan 2016 18:58:11-13th Jan 2016 19:14:06 Time Available00:15:00
More informationQUESTION 1: (94 Marks, 56 Minutes)
QUESTION 1: (94 Marks, 56 Minutes) This question consists of three parts. PART A The following information was found in the books of Lynnwood Auto on 29 February 2008, the last day of the financial year.
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 informationSCHOOL OF ACCOUNTING AND BUSINESS BSc. (APPLIED ACCOUNTING) GENERAL / SPECIAL DEGREE PROGRAMME
All Rights Reserved No. of Pages - 10 No of Questions - 06 SCHOOL OF ACCOUNTING AND BUSINESS BSc. (APPLIED ACCOUNTING) GENERAL / SPECIAL DEGREE PROGRAMME YEAR I SEMESTER II INTAKE VII (GROUP B) END SEMESTER
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 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 information1 Exam Prep Builder s Guide to Accounting (2)
1 Exam Prep Builder s Guide to Accounting (2) 1. All the following are normally required for a loan application except. A. an income statement B. a balance sheet C. a tax return D. retained earnings 2.
More informationMIDTERM EXAMINATION Fall 2009 MGT101- Financial Accounting (Session - 2)
MIDTERM EXAMINATION Fall 2009 MGT101- Financial Accounting (Session - 2) Question No: 1 ( Marks: 1 ) - Please choose one Particulars Rs. Opening written down value of machine 1,00,000 Cost of new machine
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 informationIPCC MAY 2016 QUESTION PAPER PAPER 1 ACCOUNTING
IPCC MAY 2016 QUESTION PAPER PAPER 1 ACCOUNTING Questions No.1 is compulsory. Candidates are also required to answer any five questions from the remaining six questions. Working notes should form part
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 informationACCOUNTING AND FINANCE
ACCBUS4 NOVEMBER 2012 EXAMINATION DATE: 5 NOVEMBER 2012 TIME: 09H00 12H00 TOTAL: 100 MARKS DURATION: 3 HOURS PASS MARK: 40% (BUS-AF / PD-58) ACCOUNTING AND FINANCE THIS EXAMINATION PAPER CONSISTS OF 2
More informationCS101 Introduction of computing
FINAL TERM EXAMINATION MGT101- Financial Accounting (PAPER 1). Question No: 1 (Marks: 1 ) basic accounting principle/concept according to which Business is independent from its owner(s) is known as: Separate
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 informationCambridge International Examinations Cambridge International General Certificate of Secondary Education
Cambridge International Examinations Cambridge International General Certificate of Secondary Education *6560420424* ACCOUNTING 0452/22 Paper 2 October/November 2017 1 hour 45 minutes Candidates answer
More informationMark Scheme (Results) January Pearson Edexcel International GCSE In Accounting (4AC0) Paper 01
Scheme (Results) January 2018 Pearson Edexcel International GCSE In Accounting (4AC0) Paper 01 Edexcel and BTEC Qualifications Edexcel and BTEC qualifications are awarded by Pearson, the UK s largest awarding
More informationPaper No:34 Solved by Chanda Rehman & ABr
Paper No:34 Solved by Chanda Rehman & ABr FINALTERM EXAMINATION Fall 2009 MGT101- Financial Accounting (Session - 2) Time: 120 min Marks: 87 Question No: 1 ( Marks: 1 ) - Please choose one We can say that
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 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 information