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IB07 11_9706_02/4RP
© UCLES 2007
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*6100355900*For Examiner's Use
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UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS
General Certificate of Education
Advanced Subsidiary Level and Advanced Level
ACCOUNTING
9706/02
Paper 2 Structured Questions
October/November 2007
1 hour 30 minutes
Candidates answer on the Question Paper.
No Additional Materials are required.
READ THESE INSTRUCTIONS FIRST
Write your Centre number, candidate number and name on all the work you hand in.
Write in dark blue or black pen.
You may use a soft pencil for rough working.
Do not use staples, paper clips, highlighters, glue or correction fluid.
DO NOT WRITE IN ANY BARCODES.
Answer all questions.
You may use a calculator.
At the end of the examination, fasten all your work securely together.
The number of marks is given in brackets [ ] at the end of each question or part question.
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© UCLES 2007
9706/02/O/N/07
For
Examiner's
Use
1 Killim and Jaro are in partnership sharing profits in the ratio of 2 : 1 respectively. Interest of
5 % per annum is allowed on capital and 4 % is charged on total drawings for the year.
The following are the partnership balances at 30 September 2007, after completion of the
trading account.
$
Gross profit
61 400
General expenses
9 100
Rent, rates and insurance
1 215
Discount allowed
2 010
Discount received
1 910
Wages
14 150
Bank interest (Cr)
1 320
Premises at cost
73 500
Fixtures at valuation
13 100
Debtors
20 200
Creditors
27 842
Bank deposit account
60 000
Bank current account (Cr)
1 400
Stock at 30 September 2007
51 200
Drawings – Killim
12 200
Drawings – Jaro
14 100
Capital account – Killim
120 000
Capital account – Jaro
55 000
Current account – Killim (Cr)
3 050
Current account – Jaro (Dr)
1 147
Additional information at 30 September 2007: