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3 marksPreparation of Corporate Financial Statements

CAPE Accounting Unit 1 · 2015 · Paper 2 · Question 2(c)(ii)a)

Extract of adjusted Trial Balance for Point Dex Ltd as at 31 May 2014 with depreciation and tax policy notes.

Identify the figures to be included in current assets which would appear in the Statement of Financial Position as at 31 May 2014.

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Other parts of this question

  1. 2(a)Prepare the capital accounts of the partnership showing clearly the adjusted balances after the admission of the new partner.[11 marks]
  2. 2(b)(i)Distinguish between 'corporations' and 'co-operatives' in terms of transferability of ownership interest.[2 marks]
  3. 2(b)(ii)Distinguish between 'corporations' and 'co-operatives' in terms of voting rights.[2 marks]
  4. 2(b)(iii)Distinguish between 'corporations' and 'co-operatives' in terms of purpose.[2 marks]
  5. 2(b)(iv)Distinguish between 'corporations' and 'co-operatives' in terms of legislation.[2 marks]
  6. 2(c)(i)Prepare a Statement of Comprehensive Income for Point Dex Ltd for the year ended 31 May 2014.[11 marks]
  7. 2(c)(ii)b)Identify the figures to be included in current liabilities which would appear in the Statement of Financial Position as at 31 May 2014.[2 marks]

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