ACCOUNTING 0985/22 Paper 2 Structured Written Paper with MARKING SCHEME October/November 2024
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Course
ACCOUNTING 0985 Paper 2
Institution
ACCOUNTING 0985 Paper 2
Ayesha is a trader who maintains a full set of accounting records and prepares control accounts at
the end of each month.
She provided the following information for the month of August 2021.
On 1 August
$
Sales ledger control account debit balance 9 800
Sales ledger control accoun...
ACCOUNTING 0985/22
Paper 2 Structured Written Paper with MARKING SCHEME October/November 2024
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 20 pages. Any blank pages are indicated.
1 Ayesha is a trader who maintains a full set of accounting records and prepares control accounts at
the end of each month.
She provided the following information for the month of August 2021.
$
On 1 August
Sales ledger control account debit balance 9 800
Sales ledger control account credit balance 420
Purchases ledger control account credit balance 7 700
Totals for the month
Credit sales 88 850
Credit purchases 55 400
Cash purchases 1 860
Receipts from customers 82 100
Payments to credit suppliers 50 600
Discount received 600
Discount allowed 900
Irrecoverable debt written off 300
Provision for doubtful debts 450
Sales returns 2 400
Interest charged to customer on overdue account 90
Contra between sales ledger and purchases ledger 2 920
The sales ledger control account credit balance brought down on 1 September 2021 was $350.
REQUIRED
(a) Prepare the sales ledger control account and the purchases ledger control account for August
2021.
Balance the accounts and bring down the balances on 1 September 2021.
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