CSEC Principles of Accounts · May/June 2010 · Paper 2 · Question 3(b)(ii)
Prepare an Income Statement for Khalel's Gardening Centre for the year ended January 31, 2010.
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- 3(a)(i)State TWO limitations of single entry records.[2 marks]
- 3(a)(ii)Prepare a Statement of Affairs as at February 01, 2009, to convert Khalel's Gardening Centre's single entry records.[5 marks]
- 3(b)(i)Prepare a Sales Total (Control) Account for Khalel's Gardening Centre to calculate the total Credit Sales for the period ended January 31, 2010.[3 marks]
- 3(b)(iii)In which classification section of the Balance Sheet should Khalel record the loan from his sister?[1 mark]
More practice: the rest of this paper · more Income Statements and Balance Sheets for Sole Traders questions · all CSEC Principles of Accounts past papers