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ACCOUNTING Paper 2 Structured Written Paper with Marking Scheme 0985/21
Nakul is a trader. He buys and sells goods on credit. He buys most of his supplies from one supplier, Nadia, who allows Nakul a trade discount of 20%. The following transactions took place in January 2022. Jan 2 Paid $441 by cheque to Nadia, in full settlement of $450 owed to her at 1 January 2022. 12 Bought goods on credit from Nadia, list price $350 14 Returned faulty goods to Nadia, list price $80 18 Bought goods on credit from Nadia, list price $400 23 Sold goods on...
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- Exam (elaborations)
- • 33 pages •
Nakul is a trader. He buys and sells goods on credit. He buys most of his supplies from one supplier, Nadia, who allows Nakul a trade discount of 20%. The following transactions took place in January 2022. Jan 2 Paid $441 by cheque to Nadia, in full settlement of $450 owed to her at 1 January 2022. 12 Bought goods on credit from Nadia, list price $350 14 Returned faulty goods to Nadia, list price $80 18 Bought goods on credit from Nadia, list price $400 23 Sold goods on...
Accounting 0985 paper 1 Test bank
Accounting 0985 paper 1 Test bank contains Revised Exam Questions with complete Marking Scheme
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- • 3 items •
- ACCOUNTING Paper 1 Multiple Choice with Marking Scheme Merged You must answer on the multiple choice answer sheet. You will need: Multiple choice answer sheet Soft clean eraser Soft pencil (type B or HB is recommended) 0985/12 • Exam (elaborations)
- ACCOUNTING Paper 1 Multiple Choice with Marking Scheme Merged • Exam (elaborations)
- ACCOUNTING Paper 1 Multiple Choice with Marking Scheme You must answer on the multiple choice answer sheet. You will need: Multiple choice answer sheet Soft clean eraser Soft pencil (type B or HB is recommended) 0985/12 • Exam (elaborations)
Accounting 0985 paper 1 Test bank contains Revised Exam Questions with complete Marking Scheme
ACCOUNTING Paper 1 Multiple Choice with Marking Scheme You must answer on the multiple choice answer sheet. You will need: Multiple choice answer sheet Soft clean eraser Soft pencil (type B or HB is recommended) 0985/12
Which task would be carried out by a book-keeper? A comparison of financial statements between years B preparation of financial statements C provision of information for decision-making D recording financial transactions 2 The following ledger account appeared in the books of Leah, a trader. Amraz account $ April 26 purchases returns $ 150 April 1 balance b / d 2100 30 bank 1900 20 purchases 3000 discount 100 balance c / d 2950 5100 Which statement is corre...
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- Exam (elaborations)
- • 15 pages •
Which task would be carried out by a book-keeper? A comparison of financial statements between years B preparation of financial statements C provision of information for decision-making D recording financial transactions 2 The following ledger account appeared in the books of Leah, a trader. Amraz account $ April 26 purchases returns $ 150 April 1 balance b / d 2100 30 bank 1900 20 purchases 3000 discount 100 balance c / d 2950 5100 Which statement is corre...
ACCOUNTING Paper 1 Multiple Choice with Marking Scheme Merged
1 Which task would be carried out by a book-keeper? A comparison of financial statements between years B preparation of financial statements C provision of information for decision-making D recording financial transactions 2 What is the accounting equation? A assets = capital – liabilities B assets = liabilities – capital C assets – liabilities = capital D assets + capital = liabilities 3 Sarah sold goods on credit to Zafar. How was this recorded in Sarah’s ledgers?...
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- Exam (elaborations)
- • 15 pages •
1 Which task would be carried out by a book-keeper? A comparison of financial statements between years B preparation of financial statements C provision of information for decision-making D recording financial transactions 2 What is the accounting equation? A assets = capital – liabilities B assets = liabilities – capital C assets – liabilities = capital D assets + capital = liabilities 3 Sarah sold goods on credit to Zafar. How was this recorded in Sarah’s ledgers?...
ACCOUNTING Paper 2 Structured Written Paper with Marking Scheme 0985/22
Leo maintains a petty cash book using the imprest system. The imprest amount, which is $200, is restored on the first day of each month. All payments of less than $100 are made from petty cash. All cash receipts of less than $100 are paid into petty cash. On 1 April 2021 Leo had $48 in his petty cash box. Leo provided the following information for April 2021. April 1 Restored petty cash imprest from the business bank account 5 Paid for office cleaning, $21 7 Paid f...
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- Exam (elaborations)
- • 32 pages •
Leo maintains a petty cash book using the imprest system. The imprest amount, which is $200, is restored on the first day of each month. All payments of less than $100 are made from petty cash. All cash receipts of less than $100 are paid into petty cash. On 1 April 2021 Leo had $48 in his petty cash box. Leo provided the following information for April 2021. April 1 Restored petty cash imprest from the business bank account 5 Paid for office cleaning, $21 7 Paid f...
ACCOUNTING Paper 2 Structured Written Paper with Marking Scheme 0985/21
Rahat is a trader. The following transactions took place in March 2021. March 3 Cash sales, $580, were paid directly into Rahat’s business bank account 6 Paid insurance, $360, by direct debit 9 Paid $196 to GH Limited by telephone transfer, having deducted 2% cash discount from the amount due 13 Paid $75 cash for stationery 17 Cash sales, $140 27 Sold old office equipment to Burgess, who paid $50 by cheque in full settlement 30 Paid $340 to Colin by cheque in full...
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- Exam (elaborations)
- • 44 pages •
Rahat is a trader. The following transactions took place in March 2021. March 3 Cash sales, $580, were paid directly into Rahat’s business bank account 6 Paid insurance, $360, by direct debit 9 Paid $196 to GH Limited by telephone transfer, having deducted 2% cash discount from the amount due 13 Paid $75 cash for stationery 17 Cash sales, $140 27 Sold old office equipment to Burgess, who paid $50 by cheque in full settlement 30 Paid $340 to Colin by cheque in full...
ACCOUNTING Paper 1 Multiple Choice with Marking Scheme Merged You must answer on the multiple choice answer sheet. You will need: Multiple choice answer sheet Soft clean eraser Soft pencil (type B or HB is recommended) 0985/12
Which statements about book-keeping and accounting are correct? 1 Accounting is performed periodically rather than daily. 2 Accounting relies on having accurate book-keeping records. 3 Book-keeping includes the preparation of financial statements. 4 Book-keeping involves the recording of financial transactions. A 1, 2 and 4 B 1 and 3 2 What increases owner’s capital? C 2, 3 and 4 A bank loan extended from five to ten years B purchase of inventory on credit C purchase of m...
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- Exam (elaborations)
- • 15 pages •
Which statements about book-keeping and accounting are correct? 1 Accounting is performed periodically rather than daily. 2 Accounting relies on having accurate book-keeping records. 3 Book-keeping includes the preparation of financial statements. 4 Book-keeping involves the recording of financial transactions. A 1, 2 and 4 B 1 and 3 2 What increases owner’s capital? C 2, 3 and 4 A bank loan extended from five to ten years B purchase of inventory on credit C purchase of m...
ACCOUNTING Paper 1 Multiple Choice with Marking Scheme You must answer on the multiple choice answer sheet. You will need: Multiple choice answer sheet Soft clean eraser Soft pencil (type B or HB is recommended) 0985/11
1 Which statements about book-keeping and accounting are correct? 1 Accounting is performed periodically rather than daily. 2 Accounting relies on having accurate book-keeping records. 3 Book-keeping includes the preparation of financial statements. 4 Book-keeping involves the recording of financial transactions. A 1, 2 and 4 B 1 and 3 2 What increases owner’s capital? C 2, 3 and 4 A bank loan extended from five to ten years B purchase of inventory on credit C purchase of...
- Exam (elaborations)
- • 15 pages •
1 Which statements about book-keeping and accounting are correct? 1 Accounting is performed periodically rather than daily. 2 Accounting relies on having accurate book-keeping records. 3 Book-keeping includes the preparation of financial statements. 4 Book-keeping involves the recording of financial transactions. A 1, 2 and 4 B 1 and 3 2 What increases owner’s capital? C 2, 3 and 4 A bank loan extended from five to ten years B purchase of inventory on credit C purchase of...
ACCOUNTING Paper 2 Structured Written Paper with Merged Marking Scheme 0985/22
1 Bilal is a trader. He buys goods on credit and for cash. He sells goods on a cash basis only. The following transactions took place in April 2020. April 4 Bought goods on credit from Milly, list price $320, subject to a trade discount of 20% 5 Bought goods on credit from EHL Limited, $500 6 Bought stationery, $145, paying by cheque 8 Cash sales, $280, were paid immediately into Bilal’s bank account 10 Paid $128 cash to Milly 12 Cash sales, $110 13 Bought goods on credit, $250...
- Exam (elaborations)
- • 32 pages •
1 Bilal is a trader. He buys goods on credit and for cash. He sells goods on a cash basis only. The following transactions took place in April 2020. April 4 Bought goods on credit from Milly, list price $320, subject to a trade discount of 20% 5 Bought goods on credit from EHL Limited, $500 6 Bought stationery, $145, paying by cheque 8 Cash sales, $280, were paid immediately into Bilal’s bank account 10 Paid $128 cash to Milly 12 Cash sales, $110 13 Bought goods on credit, $250...
ACCOUNTING Paper 2 Structured Written Paper with Marking Scheme 0985/21
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 2020. ................................................................................................................................................... .........................................
- Exam (elaborations)
- • 42 pages •
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 2020. ................................................................................................................................................... .........................................
OCR 2023 GCE Sociology H580/02: Researching and understanding social inequalities A Level Question Paper & Mark Scheme (Merged)
OCR 2023 GCSE Economics J205/01: Introduction to economics Question Paper & Mark Scheme (Merged
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OCR 2023 Biology A H020/01: Breadth in biology OCR 2023Biology AH020/01: Breadth in biology AS Level Question Paper & Mark Scheme (Merged)AS Level Question Paper & Mark Scheme (Merged)
OCR 2023 Biology A H020/02: Depth in biology AS Level Question Paper & Mark Scheme (Merged)