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This is the ZIMSEC O-Level Principles of Accounts study guide. It is a free study guide for revision. The paper code is 9897/1.
2 1. Wisich íkem is revenue expenciiture? A cost of an engine overhail R cost of an extension to a building C delivery charge in connection with the acquisition of a machine D. legal fees for die purchase of new lactory premises 2 The table shows an extract from the books of a company for 2003. Net profit percentase | 13,3\% Sates to capital cmpioyed | 2,525\% Gross profit percentuge | 29,8\% What is the return on capitai employed for 2003? A | $13,3 \%$ B | $15,83 \%$ C | $33,58 \%$ 1 | $75,25 \%$ 3 The tahle shows an extract from a sole trader's financial statements. | 31 Decomber 2003 | $$$ Sales | 300000 Cost of sales | 207000 Debtors | 43600 Pro-payments | 2310 What is the debtors' turnover periori for 2003 ? A 53 days B 56 days C 77 days D $B 1$ days 4 The bank statement balance for June did not agree with the casbbonk credit balance: of $$ 9120$. The following information is discovered: - a ctueque paid for $4296 was entered in the cashbook as $4 368, - a standing ordcr for $$ 960$ paid by bank had not been entered in the cashbook, - unpresented cheque amounted to $$ 24888$, - bank lodgements not ercdited amounted to 540320 What is tac balance on the June bank statement? A $5 424 debit B $5 424 crodit C $$ 25440$ debit D $$ 25440$ credit $9897 / 1$ N2310