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    CSEC POA January 2018 P2

    Uploaded by

    Amrita Gangaram

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    CSEC POA January 2018 P2

    Uploaded by

    Amrita Gangaram
    106 views3 pages

    Original Title

    CSEC-POA-January-2018-P2

    Copyright

    © © All Rights Reserved

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    Copyright:

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    106 views3 pages

    CSEC POA January 2018 P2

    Uploaded by

    Amrita Gangaram

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3
    At a glance
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    The passage provides information about an exam for Principles of Accounts, including instructions for answering questions and sample questions and accounts to prepare.

    The summary shows an opening balance of $20,000, sales of $220,000, rent received of $24,000, drawings of $15,000, and a closing balance of $24,000.

    Additional information available includes rent revenue outstanding of $2,000 and insurance expense owing of $1,500 as of 3/12/2016, and rent revenue outstanding of $1,000 and insurance expense owing of $700 as of 31/12/2017.

    r FORM TP 2018025

    qto TEST CODE OI239O2O


    JANUARY 20I8
    -l
    CARIBBEAN EXAMINATIONS COUNCIL
    CARIBBEAN SECONDARY EDUCATION CERTIFICATE@
    EXAMINATION
    PRINCIPLES OF ACCOUNTS

    Paper 02 - General Proficiency

    3 hours

    READ THE FOLLOWING INSTRUCTIONS CAREFULLY.

    I This paper consists of FIVE questions. Answer ALL questions.

    2 Write your answers in the spaces provided in this booklet.

    J Do NOT write in the margins.

    4 Show ALL working clearly.

    5 You may use a silent, non-programmable calculator to answer questions.

    6 You are advised to take some time to read through the paper and plan your answers.

    7 If you need to rewrite any answer and there is not enough space to do so on the
    original page, you must use the extra lined page(s) provided at the back of this
    booklet. Remember to draw a line through your original answer,

    8 rf youuse the extra page(s) you MUsr write the question number clearly in
    the box provided at the top of the extra page(s) and, where relevant, include
    the question part beside the answer.

    DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO.

    Copyright @ 2017 Caribbean Examinations Council


    All rights reserved.

    L otz3sozotrANUARY 20r 8 llllllffilllllllllllllllllllllllllffiilillililllill


    0123902003 J
    hH
    r (b)
    -12-

    The following is a summary of Sweet Serve's bank account for the year ended 3l
    -l
    December
    2017.

    Bank Account

    Bal b/d 20 000 Purchases 120 000

    Sales 220 000 Insurance 45 000


    Rent received 24 000 Sundry expenses 60 000
    Drawings l5 000
    Bal c/d 24 000
    264 000 264 000
    Bal b/d 24 000

    The following additional information is also available

    3yt2l20t6 3t/12/2017

    Rent revenue outstanding 2 000 l 000


    Insurance expense owing I 500 700

    Using the T:account forma! prepare the following accounts for Sweet Serve for the year ending
    December 3l 2017.

    (D Rent Revenue a/c

    (5 marks)
    GO ON TO THE NEXT PAGE
    0I239020{JANUARY 2018

    L llllilII[lffiffiflffitffiI]lIililil]ffiffill]
    0123902012 J
    ffi
    r (ii) lnsurance Expense a/c
    - 13 - -l

    (5 marks)

    GO ON TO THE NEXT PAGE


    01239020/JANUARY 2018

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    0123902013
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