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Principles of Accounts Past Papers
Principles of Accounts
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CSEC ® PAST PAPERS
CSEC® Principles of Accounts Past PapersLIST OF CONTENTS
Paper 02 (24 May 2005)
4
Paper 03/2 (24 May 2005)
15
Paper 02 (23 May 2006)
18
Paper 03/2 (23 May 2006)
30
Paper 02 (22 May 2007)
33
Paper 03/2 (22 May 2007)
42
Paper 02 (08 January 2008)
45
Paper 03/2 (08 January 2008)
56
Paper 02 (19 May 2008)
59
Paper 03/2 (19 May 2008)
68
Paper 02 (08 January 2009)
72
Paper 03/2 (08 January 2009)
81
Paper 02 (18 May 2009)
84
Paper 03/2 (18 May 2009)
93
Paper 02 (07 January 2010)
98
Paper 03/2 (07 January 2010)
107
Paper 02 (17 May 2010)
111
Paper 03/2 (17 May 2010)
123
Paper 02 (06 January 2011)
129
Paper 03/2 (06 January 2011)
139
Paper 02 (16 May 2011)
142
Paper 03/2 (16 May 2011)
153
Paper 02 (06 January 2012)
158
Paper 03/2 (06 January 2012)
167
Paper 02 (16 May 2012)
173
Paper 03/2 (16 May 2012)
182
Paper 02 (08 January 2013)
186
Paper 03/2 (January 2013)
198
Paper 02 (24 May 2013)
205
Paper 03/2 (May / June 2013)
217
Paper 02 (07 January 2014)
224
Paper 03/2 (January 2014)
237
Paper 02 (22 May 2014)
246
Paper 03/2 (May/June 2014)
255
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5. The balances below remained in the books of Stanigar Ltd after the preparation of the Trading and Profit and Loss Account for year ended June 30, 2004.
Net profit Debtors Creditors Interim dividend paid to ordinary shareholders Fixed assets at cost Accumulated depreciation Unappropriated profits bought forward Ordinary shares ($2 each) 5 per cent preference shares ($3 each) Stocks (June 30, 2004)Bank overdraftPrepaid expenses Interest on loan outstanding Cash balance Directors fees outstanding 14 per cent loan
$319 4008600038 00020000548 000 27 400 55 000 100 000 40 000 66 00015 000
3 500560002 300
45 000 30 000
The directors of Stanigar Ltd recommended the following:1. That TWO reserves be set up, namely,
(i)
a general reserve of $15 000, and
(ii)
a reserve of $7 000 for asset replacement.
2. Ordinary shareholders be paid a final dividend of 20 cents per share.3. Preference shareholders dividend be paid.
(a) Prepare, in vertical format, the Profit and Loss Appropriation Account of Stanigar Ltd.
(?marks)
(b) Prepare, in vertical format, the Balance Sheet of Stanigar Ltd. (12marks)(c) Explain the meaning of the term '14 percent' beside the word "loan".
( 1 mark)Total 20 marks
01239020/F 2005
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TEST CODE 01239032FORM TP 2005123 MAY /JUNE 2005
CARIBBEAN EXAMINATIONS COUNCIL
SECONDARY EDUCATION CERTIFICATEEXAMINATION
PRINCIPLES OF ACCOUNTSPaper 03/2 - General Proficiency
11 hours
( 24 MAY 20 (p.m.) )
1. Answer ALL questions.2. Answer the questions on the Answer Booklet provided and return it.
3. Silent electronic calculators may be used, but ALL necessary working should be clearly shown.
DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO
01239032/F 2005
Copyright © 2004 Caribbean Examinations Council. All rights reserved.
