ZIMSEC O-Level Principles of Accounts Paper 1 November 2018 Marking Scheme

Use this ZIMSEC O-Level Principles of Accounts Paper 1 November 2018 marking scheme for checking answers, revision, and exam preparation in Zimbabwe.

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Questions: ZIMSEC O-Level Principles of Accounts Paper 1 November 2018 Question Paper

Exam board: ZIMSEC
Subject: Principles of Accounts
Level: O-Level
Document: Marking Scheme
Paper: Paper 1
Paper code: 4051/1
Session: November
Year: 2018
File: PDF, 624 KB

About this marking scheme

This is the ZIMSEC O-Level Principles of Accounts marking scheme for Paper 1 from November 2018. It shows how marks are awarded, so you can mark your own answers to the matching question paper. The paper code is 4051/1. See the question paper.

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Text from the first page

ZIMBABWE SCHOOL EXAMINATIONS COUNCIL
General Certificate of Education Ordinary Level
PRINCIPLES OF ACCOUNTING: 4051/1
NOVEMBER 2018: ANSWERS

1 D
2 C
Note that, personal accounts of suppliers are trade payables accounts, therefore are found in the Purchases Ledger.
3 A
Derived from the fact that question requires a liability to the owner not any other liability in general.
4 C
An output device is a device that receives data or instruction from a computer, usually for display, projection or physical reproduction.

5 D
A computer is more accurate in making calculation, therefore the advantage is that it minimises arithmetical errors.

6 B
A non-current asset was disposed of not goods for resale.
7 C
Correct Ledger account names should be used.
D
Note that, 'prompt payment' means paying within stipulated time.
9 B

   |  $$$
Float  |  500
Less payments  |  $\frac{425}{75}$
Balance  |
∴ to restore the imprest, $$ 425$ is given back
\[
($ 75+$ 425=500)
\]

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