Quelpr

Co-operatives · CSEC Principles of Accounts

33 past-paper questions on Co-operatives, part of Section 9: Accounting for Limited Liability Companies, Co-operatives and Non-Profit Organisations, from every CSEC Principles of Accounts paper on Quelpr.

Practise Co-operatives
  1. 7(a)(i)2 marks· CSEC Principles of Accounts · January 2010 · Paper 2Identify TWO essential features of co-operatives.
  2. 7(a)(ii)2 marks· CSEC Principles of Accounts · January 2010 · Paper 2State TWO similarities between co-operatives and corporations (Limited Liability Companies).
  3. 7(b)4 marks· CSEC Principles of Accounts · January 2010 · Paper 2Prepare the journal entry to show the 'start up' of the co-operative.
  4. 7(c)(i)6 marks· CSEC Principles of Accounts · January 2010 · Paper 2Prepare the Credit Union's Appropriation of Profits Account for the year ended June 30, 2009.
  5. 7(c)(ii)3 marks· CSEC Principles of Accounts · January 2010 · Paper 2Calculate the dividend that was paid on EACH share, showing your workings.
  6. 4(a)4 marks· CSEC Principles of Accounts · January 2012 · Paper 2Outline TWO principles or essential features of a cooperative.
  7. 4(b)2 marks· CSEC Principles of Accounts · January 2012 · Paper 2Calculate the return on investment for the Roseau Valley Farmers' Cooperative for the year ended 31 December 2011.
  8. 4(c)10 marks· CSEC Principles of Accounts · January 2012 · Paper 2Prepare the Appropriation Account for the Roseau Valley Farmers' Cooperative for the year ended 31 December 2011.
  9. 4(d)4 marks· CSEC Principles of Accounts · January 2012 · Paper 2Show the capital section ONLY of the Balance Sheet of the Cooperative as at 31 December 2011.
  10. 7(a)10 marks· CSEC Principles of Accounts · January 2016 · Paper 2Prepare a corrected Trial Balance for 'The Blue Co-operative' for the year ending 31 December 2015.
  11. 7(b)(iv)1 mark· CSEC Principles of Accounts · May/June 2010 · Paper 2Identify the type of business organisation described: Groups of consumers or producers form an organisation to provide services to its members.
  12. 6(a)6 marks· CSEC Principles of Accounts · May/June 2011 · Paper 2Prepare the journal entries to record the monies collected for: Registration fees, and Share purchase.
  13. 6(b)8 marks· CSEC Principles of Accounts · May/June 2011 · Paper 2Prepare the Appropriation Account for the Goodlands Housewives Cooperative for the year ended April 30, 2011.
  14. 6(c)(i)2 marks· CSEC Principles of Accounts · May/June 2011 · Paper 2Calculate the amount of the patronage refund due to Mrs Cunningham, showing all working clearly.
  15. 6(c)(ii)3 marks· CSEC Principles of Accounts · May/June 2011 · Paper 2Calculate the TOTAL amount that should be paid to her, by the cooperative, out of this year's surplus, showing all working clearly.
  16. 6(d)1 mark· CSEC Principles of Accounts · May/June 2011 · Paper 2State ONE benefit, to the housewives, of joining the Goodlands Housewives Cooperative Society.
  17. 7(a)6 marks· CSEC Principles of Accounts · May/June 2012 · Paper 2Prepare the Income Statement and the Appropriation Account for Liontown Co-operative for the first year ended 31 December 2010.
  18. 7(b)(i)2 marks· CSEC Principles of Accounts · May/June 2012 · Paper 2Identify the type of co-operative under which Liontown was classified in the operation of its (a) first year, and (b) second year.
  19. 7(b)(ii)1 mark· CSEC Principles of Accounts · May/June 2012 · Paper 2Name ONE committee that Liontown is LIKELY to use to carry out its business.
  20. 7(b)(iii)1 mark· CSEC Principles of Accounts · May/June 2012 · Paper 2State ONE purpose of the Members' Education Fund.
  21. 7(c)10 marks· CSEC Principles of Accounts · May/June 2012 · Paper 2Prepare a classified Balance Sheet for Liontown Co-operative for the year ended 31 December 2011 (second year of operation), taking the appropriation of surplus into consideration.
  22. 6(a)(iii)3 marks· CSEC Principles of Accounts · May/June 2013 · Paper 2Draft the Balance Sheet extract to show the Capital section of the Balance Sheet for Sautec Credit Union as at 1 January 2013.
  23. 6(a)7 marks· CSEC Principles of Accounts · May/June 2014 · Paper 2Prepare the journal entries, including narrations, to record the formation transactions.
  24. 6(b)(i)4 marks· CSEC Principles of Accounts · May/June 2014 · Paper 2Calculate the cost of drinks sold for the BBQ fundraising activity.
  25. 6(b)(ii)6 marks· CSEC Principles of Accounts · May/June 2014 · Paper 2Prepare the Income Statement for the BBQ fundraising activity to show the profit made from this event.
  26. 6(b)(iii)3 marks· CSEC Principles of Accounts · May/June 2014 · Paper 2Calculate the amount of income for the month of March 2014, showing working clearly.
  27. 7(a)11 marks· CSEC Principles of Accounts · May/June 2015 · Paper 2Prepare the co-operative Appropriation Account for the year ended 31 December 2014. (Show working clearly).
  28. 7(b)(i)4 marks· CSEC Principles of Accounts · May/June 2015 · Paper 2Prepare the Co-operative Balance Sheet Extract for the capital section only, for the year ended 31 December 2014.
  29. 6(a)3 marks· CSEC Principles of Accounts · May/June 2016 · Paper 2List THREE essential features or principles of a cooperative.
  30. 6(b)8 marks· CSEC Principles of Accounts · May/June 2016 · Paper 2Prepare the Appropriation Account for the Delcer High School Cooperative for the year ended 31 December 2015.
  31. 6(c)9 marks· CSEC Principles of Accounts · May/June 2016 · Paper 2Prepare a Statement of Financial Position (Balance Sheet), using the vertical style, for the Delcer High School Cooperative as at 31 December 2015.
  32. 5(a)(i)4 marks· CSEC Principles of Accounts · May/June 2017 · Paper 2Prepare the Income and Expenditure Account for StoreCraft Cooperative for the year ended 31 March 2016.
  33. 5(a)(ii)5 marks· CSEC Principles of Accounts · May/June 2017 · Paper 2Prepare StoreCraft Cooperative's Income Appropriation Account for the year ended 31 March 2016.

Related topics in Section 9: Accounting for Limited Liability Companies, Co-operatives and Non-Profit Organisations