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10 marksRecording Financial Information

CAPE Accounting Unit 1 · 2010 · Paper 2 · Question 1(a)

Office Cleaners Inc. completed eleven transactions (i to xi) during 2009. An answer sheet table is provided to record debit (D) and credit (C) entries affecting the accounting model categories (assets, liabilities, owners' equity, revenues, withdrawals, and expenses).

Make the appropriate debit (D) or credit (C) entries for each of the given transactions (ii) to (xi) on the answer sheet provided to show the effects on the accounting model components.

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Other parts of this question

  1. 1(b)State whether you agree or disagree with the statement "A country should develop its own accounting standards" and outline FIVE reasons to support your…[10 marks]
  2. 1(c)(i)For EACH of the three situations described, outline the weakness in internal control.[6 marks]
  3. 1(c)(ii)For EACH of the three situations described, explain the changes required to strengthen internal control.[9 marks]

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