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2 marksPayroll Accounting

CSEC Principles of Accounts · May/June 2017 · Paper 2 · Question 5(b)(i)

StoreCraft Cooperative operates Crusoe Getaway hotel with three employees (front desk manager, housekeeper, cook), each under a different payment method.

State the proper names of any two payment methods used by StoreCraft Cooperative.

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Other parts of this question

  1. 5(a)(i)Prepare the Income and Expenditure Account for StoreCraft Cooperative for the year ended 31 March 2016.[4 marks]
  2. 5(a)(ii)Prepare StoreCraft Cooperative's Income Appropriation Account for the year ended 31 March 2016.[5 marks]
  3. 5(b)(ii)Complete the payroll register form on page 25 for March 2016, rounding off amounts to the nearest whole dollar and showing workings.[9 marks]

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