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6 marksControl Systems and Technology in Accounting

CAPE Accounting Unit 1 · 2015 · Paper 2 · Question 1(f)

The management of B. Ross intends to operate in a paperless environment and hires a trainee accountant who consistently uses Blackberry Messenger while working and occasionally logs on to Facebook using the computer on which financial information is stored.

Outline THREE controls that the management can implement to ensure the integrity of its accounting records.

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Other parts of this question

  1. 1(a)(i)State the meaning of the historical cost concept.[2 marks]
  2. 1(a)(ii)State the meaning of the prudence concept.[2 marks]
  3. 1(b)What amount should B. Ross record for the motor car in the books of the business?[2 marks]
  4. 1(c)Identify and explain the concept which allows B. Ross to record the motor car invested in the business as a non-current asset.[4 marks]
  5. 1(d)Show the journal entries required to record the formation of B. Ross' business on 1 June 2014.[6 marks]
  6. 1(e)Show the closing entries to record the loss and the drawings for the period.[3 marks]
  7. 1(g)Using Table 1 provided as an insert, show the effect of EACH of the transactions (i) to (v) in the Cash Book and Statement of Comprehensive Income of BisNess…[10 marks]

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