2020 USS 3N POA EOY P1 Q1
1 Jamie, the owner of Jem Bookshop, extracted the following balances from the books of her business on 31 August 2020. $ Trade receivables…
Category: Paper 1
2020 SACSS 3N POA EOY P1 Q4
4 The following balances were extracted from the books of Sarrah Traders on 30 April 2020: $ Sales revenue 165 000 Cost of sales…
2020 SACSS 3N POA EOY P1 Q3
3 Glennda Tutors provides tuition services to students. It rents out a room to a lawyer. Rental income received during the year ended 31 December…
2020 SACSS 3N POA EOY P1 Q2
2 REQUIRED a. Explain what ‘double entry’ means. [1] b. State the double entries for the following transactions. [6] Date Transaction Account to debit Account…
2020 SACSS 3N POA EOY P1 Q1
1 Almanda owns a trading firm. The following are business transactions with Trisha for the month of December 2019. Trade receivable – Trisha account Date…
2020 NAS 3E POA EOY P1 Q4
4 BTS Watches is a branded watch retailer. On 1 September 2019, his inventory account had the following balance: $ Inventory (120 watches) 36…
2020 NAS 3E POA EOY P1 Q3
3 Fitness Legend operates a gym and collects monthly membership fees from its customers. They also sell gym memberships to corporate clients on credit. The…
2020 NAS 3E POA EOY P1 Q2
2 Satsuki is the sole proprietor of Totoro Trading. In the month of January 2020, the following transactions took place. 1. Satsuki contributed $500 cash…
2020 NAS 3E POA EOY P1 Q1
1 Strawberry Shortcake provided the following information on her trading business as at 31 March 2020. $ Capital, 1 April 2019 ??? Cash at…