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CSEC Principles of Accounts · May/June 2015 · Paper 2 · Question 6(b)

A list of expenditure transactions for the period ended 31 December 2014 is provided for the PPP party.

On the form provided, classify EACH expenditure item as capital or revenue, and insert a check mark to indicate whether it is reported in the Income & Expenditure Account or in the Balance Sheet.

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Other parts of this question

  1. 6(a)(i)Complete the worksheet to calculate Subscriptions outstanding at 01 January 2014 and at 31 December 2014, and Subscriptions in advance at 01 January 2014 and…[5 marks]
  2. 6(a)(ii)Prepare and complete the Subscriptions Account for the PPP party for the year ended 31 December 2014.[8 marks]
  3. 6(c)Prepare the Receipts and Payments Account of the PPP party for the period ended 31 December 2014, using relevant information from (a)(ii) and (b).[3 marks]

More practice: the rest of this paper · more Depreciation and Capital versus Revenue Expenditure questions · all CSEC Principles of Accounts past papers