Paper 2 - PRINCIPLES OF ACCOUNTS

2020 SACSS 3N POA EOY P2 Q1

1 The following are balances extracted from the books of Putri Gift Shop on 31 March 2020 $ Advertising expense 37 450 …

7 Figo’s financial year ends on 30 September. No record had been made in the accounts during the year ended 30 September 2020 for the…

6 Yong Trading buys and sells toys. The business bought toys from Deng on credit. The following transactions with Deng, took place in the month…

5 The following inventory account has been extracted from the books of Lilian for the year ended 30 April 2020: Inventory account …

4 Fun Mart is in the business of selling tables and chairs, A 10% trade discount is given on all sales to Jason. The following…

3 Ming runs a delivery business which owns a number of non-current assets. The following information relates to the motor vehicles of the business :…

2 Ahmad runs a hardware retail trading business. Details from the cash at bank account and bank statement of the business for the month of…

1 The following balances were extracted from the books of Zaman Traders on 31 July 2020. $ Equipment 196 000 Motor vehicles 84 000…

7 Ernest buys and sells computers. At the financial year end on 31 March 2020, he supplied the following information. $ Computers, 1 March…

6 The following balances were extracted from the books of Ash, a florist on 31 August 2020. $ Cost of sales 123 860 Sales…