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6 marksThe Balance Sheet and Accounting Equation

CSEC Principles of Accounts · January 2009 · Paper 2 · Question 3(a)

L. Marcus, a grocer with incomplete records, provides summary cash/bank transactions and asset/liability balances as at January 1, 2008 and December 31, 2008.

Prepare L. Marcus' Statement of Affairs as at January 1, 2008.

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Other parts of this question

  1. 3(b)(i)Calculate Purchases for the year by means of statements or accounts.[3 marks]
  2. 3(b)(ii)Calculate Sales for the year by means of statements or accounts.[3 marks]
  3. 3(c)Prepare L. Marcus' Trading and Profit and Loss Account for the year ended December 31, 2008.[8 marks]

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