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12 marksIncome Statements and Balance Sheets for Sole Traders

CSEC Principles of Accounts · January 2012 · Paper 2 · Question 1(b)

Prepare the classified Balance Sheet for VIP Enterprises as at 30 November 2011 in vertical style, identifying clearly the business' working capital.

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Other parts of this question

  1. 1(a)Prepare the Income Statement of VIP Enterprises for the year ended 30 November 2011.[4 marks]
  2. 1(c)(i)Calculate the stock turnover for VIP Enterprises, showing your workings.[2 marks]
  3. 1(c)(ii)Calculate the return on opening capital employed (ROCE) for VIP Enterprises, showing your workings.[2 marks]

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