Download and practise with this ZIMSEC A-Level Accounting Paper 3 November 2010 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 2010. Use it for exam practice under timed conditions.
ZIMBABWE SCHOOL EXAMINATIONS
COUNCIL
A' LEVEL ACCOUNTING
PAPER 3
NOV 2010
Instructions
Each scenario in this case study describes an event in the life of a business and is followed by a question.
Scenario 1
C.G.N operates Taguta Social Club for its employees. The club's assets and liabilities on 31 May 2006 are shown in table 1 below.
\begin{table}
\captionsetup{labelformat=empty}
\caption{Table 1}
Assets | $(000) | liabilities | $(000)
Buildings at cost | 40000 | Bar suppliers | 6400
Pool tables | 3000 | subscriptions in advance | 400
Motor vehicles | 10000 | &
Investments | 4500 | &
Subscriptions due | 500 | &
Bar stock | 7000 | &
Bank | 2500 | &
\end{table}
The following are the club's receipts and payments for the year ended 31 May 2007:
Receipts | $$(000)$ | Payments | $$(000)$
Subscriptions | 24000 | Dance expenses | 2500
Annual dance | 3000 | Competition prizes | 950
Competition entries | 1400 | Bar stock | 26500
Bar sales | 58700 | Bar wages | 17000
Pool tables takings | 650 | Groundsman's wages | 15000
Donation | 6000 | Maintenance | 2200 | & Deposit account | 6000