TIME
1 hour 45 minutes
INSTRUCTIONS TO CANDIDATES
Write your name, Centre number and candidate number in the spaces provided at the top of this page.
Answer all questions.
Write your answers in the spaces provided on the question paper.
Question 6 should be answered on separate answer paper or multi-column accounting paper. Attach
your answer to Question 6 to this booklet.
INFORMATION FOR CANDIDATES
The number of marks is given in brackets [ ] at the end of each question or part question.
You may use a calculator.
Where layouts are to be completed, you may not need all the lines for your answer.
The businesses mentioned in this question paper are fictitious.
This question paper consists of 11 printed pages and 1 blank page.
(NH) S16052/2
© CIE 2002
[Turn over
CAMBRIDGE INTERNATIONAL EXAMINATIONS
Joint Examination for the School Certificate
and General Certificate of Education Ordinary Level
PRINCIPLES OF ACCOUNTS
7110/2
PAPER 2
OCTOBER/NOVEMBER SESSION 2002
1 hour 45 minutes
Additional materials:
Answer paper
Multi-column accounting paper
Candidate
Centre Number
Number
Candidate Name
FOR EXAMINER’S USE
3
2
1
4
TOTAL
6
5
2
7110/2 O/N/02
1
The following errors and omissions were discovered after the preparation of a draft Trading
and Profit and Loss Account on 30 September 2002.
1.
The credit sale of goods $424 to K. Watts had been recorded in all the
books as $242.
2.
An invoice amount of $370 from Mubonda Garage for repairs had not
been entered in the books.
3. Goods bought from A. Smythe for $700 had been entered in A. Smith’s
account.
4.
Purchase of equipment for $10 000 for use in the business had been
debited to the Purchases account.
5.
Closing stock had been overvalued by $3000.
Prepare journal entries to correct the above omissions and errors. Narrations are not
required:
Journal
Date
Details
Dr.
Cr.
$
$
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