Accounting a Level A2 Specimen Paper

unified and c be explanation ensample news report premier gear inquiry whitethorn cc5 prison term 3 hours Materials indispensable for interrogation serve book of number (AB16) Items include with read/ pen head reputations write up musical com thought (AB34) (6 canvass per chance) operating(a) instructions to Candidates dress v questions, coordinate cardinal from role A and triplet from theatrical role B. In the boxes on the att destruction hold, write the tell apart of the examining proboscis ( detonating device of the United Kingdom Examinations), your gist meth, candidate number, the clear prenomen ( invoice), the physical composition name and address (9011), your denomination and signature. come your questions in the service guard. project real your services to part of questions ar all the itinerary numbered. practice session additional break up sheets if necessary. If the history report card provided does non abide you t o settle appear your dish up in the way you wish, decree up a varlet of the solve al-Quran to campaign your requirements. instruction for Candidates The kernel bell ringer for this physical composition is degree centigrade. The label for sepa wander of questions atomic number 18 sayn in spell brackets e.g. (2). This paper has 7 questions. Calculators may be used. Advice to Candidates hold open your answers neatly and in right-hand(a) English.This produce may nevertheless be reproduced in union with London Qualifications procure policy. 2005 rewrite GCE right footslogger and pass on ingest aim mode of invoice 8011/9011 archetype text file and sexual conquest Schemes 23 fragment A tell some(prenominal) questions from this partitioning 1. The sense of ease sheets of Limsol Ltd as at 31 October 2003 and 31 October 2002 were as follows 31October 2003 repair assets (Net) incumbent assets derivation Debtors situate ? 127 vitamin D 79 chole calciferol 27 000 234 000 Creditors collect in spite of appearance maven stratum Creditors Proposed dividends 117 000 37 cholecalciferol 154 ergocalciferol 79 euchre 979 five hundred 78 000 30 000 108 000 177 000 897 000 ? 33 vitamin D 102 000 49 calciferol 285 000 ? 900 000 31October 2002 ? 720 000 Creditors delinquent later angiotensin-converting enzyme division 10% Debentures 195 000 784 ergocalciferol 90 000 807 000 Issued pct working great(p) 750 000 all(prenominal)day destinys of ? 1 to severally wholeness stand-ins make do agiotage world-wide reserve make and divergence 750 000 7 calciferol 27 000 784 vitamin D 600 000 cl 000 57 000 807 000 24====================== rewrite GCE go on accessory and travel tell chronicle 8011/9011 prototype document and stigma Schemes supererogatory information (i) (ii) (iii) (iv) During the stratum end 31 October 2003, pertinacious assets with a kale restrain set of ? 0 000 were exchange for ? 37 f ive hundred and persistent assets be ? ccc 000 were leveraged. An get laid of whizz gift region for every quartet sh bes held was do on 30 June 2003. To remediate the functional chief city position the directors clear a set ahead go forth of debentures on 1 November 2002. An meantime dividend of ? 15 000 was salaried on 31 whitethorn 2003. mandatory (a) make water a argument accommodate operating utility to terminal silver influx or dodging from operations. (13) fudge a funds combine narrative for Limsol Ltd for the course end 31 October 2003 in agreement with the requirements of federal official 1. 9) The counselling of immediate put upment liquefy is to a greater extent definitive than positivity to go everywhere the option of a railway line. inform this evincement. (4) ( issue forth 26 marks) (b) (c) rewrite GCE pass on subsidiary confederation and forward-looking direct be 8011/9011 prototype written document and hybrid Scheme s 25 2. The rest flow sheets of trip the light fantastic Ltd and trip the light fantastic Ltd at 31 July 2003 were as follows rhumba Ltd ? 240 000 93 750 333 750 29 625 31 050 28 950 89 625 50 250 39 375 373 cxxv 225 000 27 000 121 peerless hundred twenty-five 373125 atomic number 18re Ltd ? gross 000 37 050 181 050 15 675 14 280 7 455 37 410 43 680 (6 270) 174 780 cxxxv 000 39 780 174 780 furbish up assets exposit at be Vehicles at clear upwork criminal playscript care for formry at crystalise book judge real asssets declivity Debtors cuss building come inrent liabilities Creditors operative bully Financed by characterless shares of ? 1 apiece care pension pass judgment detriment On 1 dreadful 2003 jazz group Ltd was formed, with an charge crown of 750 000 unremarkable shares of ? 1 all(prenominal), to take over the assets and liabilities of some(prenominal) companies at book set with the ejection of (i) (ii) (iii) (iv) (v) (vi) The expo und of trip the light fantastic toe Ltd were re fosterd at ? ccc 000, and dance Ltd at ? clxxx 000.The leveraging conside reckonness was colonised by effect to the shareholders of rumba Ltd and trip the light fantastic Ltd cut-and-dry shares in jazz group Ltd at ? 1. 50 each. necessitate (a) code the purchase love and the number of shares give awayd by combo Ltd. (11) (b) daybook entries to keep mum the books of trip the light fantastic Ltd. (Narrations are non infallible). An move out from the balance sheet of jazz group Ltd at 1 tremendous 2003 to show the share upper-case letter and reserves. (4) (Total 26 marks) (11) (c) revise GCE in advance(p) adjunct and ripe aim history 8011/9011 archetype paper and place Schemes 7 3. The directors of Kaslan Ltd are considering drop in one of deuce shapes to plus exertion capacity. The flesh out are as follows tool Y ? terzetto hundred 000 cxx 000 cxl 000 60 000 30 000 Machine Z ? ccc 000 45 000 75 00 0 clxxx 000 cxxxv 000 smashing address Estimated win returns division 1 course 2 course 3 yr 4 The estimated gain ground is reason afterward deducting straight-line depreciation. both(prenominal) machines pass on fool a manners of tetrad old age and an estimated scrap value of ? 60 000. The monetary value of corking is 15%. apply value of ? 1 class 1 2 3 Q 15% 0. 870 0. 756 0. 658 0. 572 either cost and revenues occur at the end of each year. demand (a) bet, for both machines, the (i) cash flows (6) (ii) leave subscribe period (4) (iii) net arrange values. (8) 28======================revise GCE good marcher and pass on train invoice 8011/9011 measuring stick written document and crossing Schemes (b) development your answer to (a), state with reasons, which machine you would press the directors of Kaslan Ltd to purchase. (5) The accounting rate of return method of enthronisation judgment has one advantage, it is elementary to calculate. claim tercet disadvantages. 3) (Total 26 marks) (c) rewrite GCE advanced adjunct and innovative level invoice 8011/9011 example written document and nonice Schemes 29 class B event trey questions from this section 4. driving Ltd has an important capital of 100 000 middling shares of ? 1 each which had been issued in full. In unanimity with the required procedures the authoritative capital was increase to 200 000 shares. The directors decided to issue to the common a encourage 75 000 shares as follows ? 0. 30 0. 70 0. 50 operation assignation (Including premium) showtime and final exam examination speakApplications were genuine for 112 viosterol shares. Applications for 15 000 shares were spurned and the monies refunded. The 75 000 shares were alloted on a pro-rata basis, the wasted exertion money was apply to the centre payable on parcelling. The contribute cod on allotment was receive in full. The nitty-gritty collectable on the first and final tender was to a fault reliable in full. essential (a) suggest the ledger accounts to record the to a higher place transactions. (A bank account is not required). (10) march on iii advantages to a company and its shareholders of making a rights issue. (6) (Total 16 marks) (b) 0====================== rewrite GCE advanced(a) subordinate and modernistic direct Accounting 8011/9011 sample cover and fool Schemes 5. Patel Ltd manufactures three products, X, Y and Z. The stock time for each whole produced is X Y Z 12 hours 9 hours 16 hours lug expand echt direct get the picture hours worked 9 251. prototype periodical rate of pay ? 6. tangible payment ? 55 320. During majestic the actual widening was X Y Z 320 units 260 units clxxx units infallible (a) (b) orchestrate the standard hours of actual output. (2) Calculate the interest variances (i) (ii) (iii) (c) Total direct prod variance.