ce. test cope 01239020 FORM TP 2012106 ‘6 MAYHUNE 2012 CARIBBEAN EXAMINATIONS COUNCIL SECONDARY EDUCATION CERTIFICATE EXAMINATION PRINCIPLES OF ACCOUNTS Paper 02 ~ General Proficiency 3 hours 16 MAY 2012 (a. READ THE FOLLOWING INSTRUCTIONS CAREFULLY. 1. Answer ALL the questions in Section I and TWO questions from Section IL 2. Begin EACH answer on a separate page. 3. Keep ALL parts of EACH answer together. 4. Silent, ctronic calculators may be used, but ALL necessary working should be clearly shown, 5. EACH question is worth 20 marks. DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO. Copyright © 2011 Caribbean Examinations Council All rights reserved. 01239020/F 2012SECTION 1 Answer the THREE questions in this section. 1. Anaccounting student prepared the following trial balance for Heavy Metal Enterprises for the year ended 31 December 2011 and inserted the amount of $51 200 for capital Dr cr s Ss Bank overdraft 26 S00 Cash on hand 3 200 Provision for bad debts 8200 Bad debts 5.000 Accounts receivable 49.100 Accounts payable 200 Long-term loan 75.000 Carriage inwards 3.600 Carriage outwards 4500 Commissions received 6200 Rent paid 12.000 Equipment at cost 90 000 Accumulated depreciation (equipment) 30.500 Motor vehicle at cost 68.000 ‘Accumulated depreciation (motor vehicle) 15 400 Salaries 40.000 Inventory 16 800 Purchases 74.600 Sales 125 000 Miscellaneous expenses, 36 400 Returns outwards 3.600 Returns inwards 2800 Capital 300900 Jo0900 (a) Prepare the corrected trial balance for Heavy Metal Enterprise showing clearly the correct amount for Capital. (13 marks) (6) Youare presented with the following day books: Sales Day Book 2011 Amount 1 September U. Plumber $7200 4 September V. Hen S 4150 13 September V. Henry S210 20 September U. Plumber $1396 4 846 GO ON TO THE NEXT PAGE 01239020/F 2012Return Inwards Day Book 2011 Amount 3 September U. Plumber 9 September V. Henry Cash Book Disc | Cash | Bank Dise | Cash | Bank 2011 3 s S 3 s 8 TSept_[Bal b/d 2645 [ 10500 Rent 700 #Sept_[U. Plumber | 100 100 ‘Wages 2500 24 Sept_[V. Henry 60 6040 30 Sept_| Bal e/d 19as_[ 19140 io] 208s | 2160 2645 [21.640 (i) Post the information from the day books in the personal account of U. Plumber and balance the account, (G marks) (ii) Prepare the Debtors Control Account and any other account in the General Ledger for the month of September, (4 marks) Total 20 marks GO ON TO THE NEXT PAGE 01239020/F 2012