Download and practise with this ZIMSEC A-Level Accounting Paper 3 November 2004 question paper. Useful for exam revision, past paper practice, and preparation in Zimbabwe.
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This is the ZIMSEC A-Level Accounting question paper for Paper 3 from November 2004. Use it for exam practice under timed conditions.
ZIMBABWE SCHOOL EXAMINATIONS COUNCIL A' LEVEL ACCOUNTING P3 NOV 2004 Instructions This case study describes a series of events in the life of a business. The questions should be answered in the order in which they are set. 1. Scenario 1 The partnership of Chipo and Nyasha has been in the business of manufacturing reading desks for many years. On 30 September 2001 the following trial balance was extracted from the partnership books. | Dr $ | Cr $ Capital accounts, 1 October 2000: | & Chipo | & Nyasha | & 250000 | & 200000 Current Accounts, 1 October 2000: | & Chipo | & Nyasha | 8000 | Drawings: | & Chipo | 18000 | Nyasha | 16000 | Premises at cost | 200000 | Provision for depreciation | & 12000 Plant and equipment at cost | 360000 | Provision for depreciation | & 108000 Motor vehicles at cost | 240000 | Provision for depreciation | & 101760 Debtors and creditors | 45600 | 70000 Raw materials purchases | 560000 | Sales of finished goods | & 1406600 Direct labour | 320000 | Stocks at 01 October 2000: | & Raw materials | 60000 | Work in progress | 48000 | Finished goods (100 units) | 66000 |