This document consists of 5 printed pages and 3 blank pages.
SP (AT) S55972/2
© UCLES 2004
UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS
General Certificate of Education
Advanced Subsidiary Level and Advanced Level
Paper 4 Problem Solving (Supplementary Topics)
READ THESE INSTRUCTIONS FIRST
If you have been given an Answer Booklet, follow the instructions on the front cover of the Booklet.
Write your Centre number, candidate number and name on all the work you hand in.
Write in dark blue or black pen on both sides of the paper.
You may use a soft pencil for any diagrams, graphs or rough working.
Do not use staples, paper clips, highlighters, glue or correction fluid.
Answer all questions.
At the end of the examination, fasten all your work securely together.
The questions in this paper carry equal marks.
All accounting statements are to be presented in good style. Workings should be shown.
You may use a calculator.
The number of marks is given in brackets [ ] at the end of each question or part question.
Argy and Bargy were in partnership sharing profits and losses in the ratio of 2:1. The partnership’s
Balance Sheet at 30 April 2004 was:
Less Current liabilities
Less Long term liability
Loan from Argy at 10%
Capital accounts: Argy
Less Drawing accounts
Shindig Ltd offered to purchase the partnership business. The offer was based on the following
re-valuation of assets.
Shindig Ltd would not take over the partnership bank account.
The purchase consideration was $62 000, settled as follows:
1. Argy received sufficient 8% debentures in Shindig L