PRINCIPLES OF ACCOUNTS

SCHOOL-BASSED ASSESSMENT

CANDIDATES: Tiffany Johnson

CANDIDATES NUMBER: 1006093262, 1006090840, 1006090263
YEAR OF EXAM: 2021
SCHOOL NAME: DISTINCTION COLLEGE
CENTRE NUMBER: 100609
TEACHER’S NAME: MS. FULLER
TERRITORY: JAMAICA

1
 TABLE OF CONTENTS
Acknowledgement………………………………………………………… Page 3
Introduction………………………………………………………………. Page 4
Research Topic…..………………………………………………………… Page 5
Objective……………………………………………………………………. Page 6
Background/ Overview……………………………………………………… Page 7
Methodology……………….……………………………………………… Page 8
Data Collection…………….……………………………………………… Page 9-11
Presentation of Data………………………………………………………..Page12- 14
Analysis of data…………………………………………………………… Page 15
Conclusion…………………..……………………………………………….. Page 16
Recommendation……………………………………………………………… Page 17
Appendix……………………….…………………………………….. ……… Page 18
Bibliography………………………………………………………………… Page 19

2
 ACKNOWLEDGEMEMT
We would like to express our sincere gratitude to all the persons who helped us to successfully
complete this school-based assessment, this study would not have been possible without the
assistance. We give a big thanks to all the taxi operators who took a time out to complete the
questionnaire and gave us useful information to include in this project.
In addition, we appreciate the teacher who gave us the guideline and explained the steps to be
taken.

3
 INTRODUCTION
Human beings were made to move around from one location to the next, hence the reason why
the researchers found it fitting to investigate how the rise in petrol prices affect taxi operators in
the community of Old Harbour. A study was carried out by a group of researchers on how the
increase of gas price affect taxi operators in the community of Old Harbour.

4
 RESEARCH TOPIC
How the increase of petrol price affect taxi operators in a community
The objective of this research is to investigate how the increase of petrol price affects taxi
operators in the community of Old Harbour Town

5
 OBJECTIVES
The researcher’s objectives are to discuss the effects of the increased price of petrol impact taxi
operators in the community of Old Harbour Town.

6
 BACKGROUND
Taxi services has been in existence from 1897 and it has played a huge role helping commuters
reach their destination. It has especially helped the citizens of Old Harbour Town to help travel
to the main roads of Spanish Town. The price of the fair is one hundred dollars ($100) JMD.
The reason why this topic is important to study is that it allows researchers to view the effects of
rising gas prices on persons.

7
 METHODOLOGY
In order to find out how the increase in petrol prices affect taxi operators in Old Harbour Town,
the researchers have decided to use a quantitative method to conduct their research. The methods
that were chosen to get results are questionnaires and interviews. The questionaries consist of 15
questions that were issued to the taxi operators of Old Harbour town on January 20th, 2021 while
the interview consist of 5 questions and were answered by the commuters of Old Harbour Town
on the 1st of February 2021. Both open and closed ended questions were used. The reason for this
chosen method of data collection is to allow the researcher to collect large amount of information
and to get the view and explanation of the individual, as for the type of questions used, this was
done to ascertain accuracy. The researcher experienced some challenges in that some taxi
operators as well as commuters refuse to answer some questions that were presented to them as
they were either busy, uncomfortable or just didn’t want to do it. The data collected will be
presented using tables and graphs and analyzed using percentage and figures.

8
 DATA COLLECTION
Data was collected from 20 different taxi operators using the following questions from the
questionnaire that was provided
QUESTIONNAIR

1. Gender
☐Male ☐ Female

2. How old are you?

☐20 – 30
☐30 – 40
☐40 – 50
☐Over 50

3. Where do you live?

☐St. Catherine
☐Kingston
☐Portmore
☐Other

4. How long have you been operating a taxi?

☐2 years
☐5 years
☐7 years
☐Over 7 years

5. How often do purchase gas?

☐Once per day
☐Once per week
☐Twice per week
☐Other

6. Which area do you operate to and from?

☐Kingston
☐Spanish town
☐Portmore
☐Other

9
7. How many days do you work?
☐Everyday
☐Twice a week
☐Four times a week
☐Six times a week

8. Do you get regular calls for pick up?

☐ Yes ☐ No

9. What are your working hours?

☐5am – 8pm
☐5am – 7pm
☐6am – 9pm
☐5am – 10pm

10. What are the challenges with passengers?

☐Don’t want to pay full fair
☐They live in far-away roads
☐They have their special driver
☐They want to travel with under five passengers

11. What route do you travel the most?

☐Kingston
☐Spanish Town
☐Portmore
☐Other

12. How would you describe public transport system?

☐Poor
☐Fair
☐Good
☐Excellent

13. Do you own your personal vehicle?

☐Yes ☐ No

14. How does the increase of gas price affect you?

☐Unable to purchase the right amount of gas needed
☐Had to increase taxi fair

10
 ☐Unable to provide for families
☐Other

15. How much does it cost you to get fair amount of gas?
☐$500
☐$1000
☐$2000
☐Other

PRESENTATION OF DATA

11
 50% 20% 30%

FIG 1: Pie chart showing how often taxi operators purchase gas.
50% of the taxi operators buy gas twice every three days, 20% buy gas three times a week and
30% buy gas six times in 10 days.

40% 35% 25%

FIG 2: Pie chart displaying the how long it takes taxi operators to reach Old Habour Town from
Spanish Town.
40% took 30-1 hour, 35% took 30 minutes or less while 25% took over an hour.

12
 10

0
2000 1000 500

FIG 3: Graph displaying how much does it cost to get fair amount of petrol.
45% buy $2000 worth of gas, 40% buy $1000 worth of gas and 15$ buy $500 worth of gas.

13
 ANALYSIS OF DATA
The questionnaire results revealed that unanimously 50% of the 20 taxi operators purchase petrol
twice every three days while 20% purchase petrol 3 times a week and the remaining 30% stated
they purchase petrol 6 times in 10 days.
When asked in interviews how long it took to reach Old Habour Town from Spanish Town, 40%
of the taxi operators took 30 mins-1hour, 35% took 30 mins or less while the remaining 25%
took over an hour.
Since the increased price of petrol affected the operation, it was claimed that 45% of the
operators buy $2000 worth of gas, 40% buy $1000 worth of gas and 15% buy $500 worth of gas.

14
 CONCLUSION
It was concluded that the increased price of petrol affected majority of the taxi operations.

15
 RECOMMENDATIONS
The project’s analysis confirmed that one major factor that affects the taxi operators is the
increased prices of petrol. Since the price of petrol increase, one recommendation to the taxi
operation is that they can persuade the government to increase taxi fair in order for the taxi
operators to profit from their job which allow them to be able to purchase an average amount of
petrol.

16
APPENDIX

17
 BIBLIOGRAPHY

Frank wood & Sheila Robinson (2007)

Principles of Accounts for the Caribbean.
Pearson Education Limited.

https://www.google.com/search?
q=taxi+operation+in+jamaica&source=lnms&tbm=isch&sa=X&ved=2ahUKEwjc0PXMzPTvAh
WmH7kGHV9kAVMQ_AUoAXoECAEQAw&biw=1034&bih=588

https://www.google.com/search?q=gas+stations+in+jamaica&tbm=isch&ved=2ahUKEwjoq5-
qz_TvAhUBkZUCHY7MBnEQ2-
cCegQIABAA&oq=gas+stations+in+jamaica&gs_lcp=CgNpbWcQDFAAWABgzBhoAHAAeA
CAAQCIAQCSAQCYAQCqAQtnd3Mtd2l6LWltZw&sclient=img&ei=bhhyYOi8DYGi1sQPjp
mbiAc&bih=588&biw=1034

18