ACCOUNTING Paper 2 Structured Written Paper with Merged Marking Scheme 0985/22
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Course
ACCOUNTING 0985 Paper 2
Institution
ACCOUNTING 0985 Paper 2
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
...
ACCOUNTING Paper 2 Structured Written Paper with Merged Marking Scheme 0985/22
May/June 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. Blank pages are indicated.
(c) Name one accounting principle applied by Bilal in each of the following situations.
accounting principle
The double entry for the posting of the purchases journal
entries is completed by posting the individual amounts to
the purchases ledger.
The purchase of goods on 5 April did not include goods
costing $55 which Bilal bought for his own use.
The stationery purchased on 6 April had been recycled.
This is expected to improve the reputation of the business.
Reputation is not recorded in the accounting statements.
The value of office equipment shown in the financial
statements was based on its purchase price.
[4]
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