Use this ZIMSEC A-Level Accounting Paper 2 November 2020 marking scheme for checking answers, revision, and exam preparation in Zimbabwe.
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Questions: ZIMSEC A-Level Accounting Paper 2 November 2020 Question Paper
This is the ZIMSEC A-Level Accounting marking scheme for Paper 2 from November 2020. It shows how marks are awarded, so you can mark your own answers to the matching question paper. See the question paper.
THE TROTTER EXAM SOLLUTIONS NOVEMBER 2020 PAPER 2 SUGGIESTED MARKING GuID ADVANCED LEVEL ACCOUNTING ZIMSEC 16a) (i) Standard costing is the setting of standards for costc and revenues whic di will be compared with acturial costs and revenues in order to report variances. [1] OR Standard costing is a control system for comparing the planned costs and revenues with actual results in order to report variances [1] Sarce: AcciA GLOBAL (ii) Attainable standards are the standards which can be achieved in normal circumstances. They incorporate such factors as klear, breakday, employee burn out and so on. [1] (iii) Ideal standards are standards which could ouly be achieved under perfect conditions. It takes no allowances for events such as normal loses, machine breakdown or idle time. * Some related notes * * Current. Standards are the ones that reflect the level of attainment that is currenfly being achieved. The disadvantage is that they do not attempt to improve on current levels of efficiency or cost. Scanned with CamScanner