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10 marksControl Systems and Technology in Accounting

CAPE Accounting Unit 1 · 2006 · Paper 2 · Question 1(b)

List and briefly describe FIVE internal control practices relating to cash, which would be carried out even in a small business having little opportunity for the separation of duties.

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  1. 1(a)(i)Write short notes on the process involved in recording adjusting journal entries for any THREE of the five categories of items listed.[9 marks]
  2. 1(a)(ii)Explain how the adjusting journal entries listed are related to the accruals and matching concepts.[7 marks]
  3. 1(c)(i)Briefly describe THREE ways in which accounting standards benefit those who prepare financial statements for publication.[4.5 marks]
  4. 1(c)(ii)Briefly describe THREE ways in which accounting standards benefit the users of published financial statements.[4.5 marks]

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