ACCOUNTING Paper 2 Structured Written Paper with Marking Scheme 0985/21
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Course
ACCOUNTING 0985 Paper 2
Institution
ACCOUNTING 0985 Paper 2
1 The ZED Sports Club has a shop which sells sportswear. The following details relate to the shop
for the year ended 29 February 2020.
Opening inventory
$
900
Closing inventory 970
Purchases 7600
Mark-up 40%
REQUIRED
(a) Calculate the shop sales for year ended 29 February 2...
ACCOUNTING Paper 2 Structured Written Paper with Marking Scheme 0985/21
May/June 2020
1 hour 45 minutes
You must answer on the question paper.
No additional materials are needed.
INSTRUCTIONS
● Answer all questions.
● Use a black or dark blue pen. You may use an HB pencil for any diagrams or graphs.
● Write your name, centre number and candidate number in the boxes at the top of the page.
● Write your answer to each question in the space provided.
● Do not use an erasable pen or correction fluid.
● Do not write on any bar codes.
● You may use a calculator.
● International accounting terms and formats should be used as appropriate.
● You should show your workings.
INFORMATION
● The total mark for this paper is 100.
● The number of marks for each question or part question is shown in brackets [ ].
● Where you are asked to complete a layout, you may not need all the lines for your answer.
This document has 24 pages. Blank pages are indicated.
All the shop sales and purchases are for cash. All the club’s receipts are paid into the bank and
all payments are made by cheque. On 1 March 2019 the club’s bank balance was overdrawn by
$845.
In addition to the shop sales and purchases, the following receipts and payments were made
during the year ended 29 February 2020.
$
Subscriptions received 11 400
Competition fees received 915
Payments for competition prizes 390
Purchases of fittings 4 000
Rent and insurance 4 575
Wages of shop assistant 2 000
(b) Prepare the receipts and payments account for the ZED Sports Club for the year ended
29 February 2020. Balance the account and bring down the balance on 1 March 2020.
ZED Sports Club
Receipts and Payments Account for the year ended 29 February 2020
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