ZIMSEC O-Level Principles of Accounts Paper 2 June 2023 Marking Scheme

Use this ZIMSEC O-Level Principles of Accounts Paper 2 June 2023 marking scheme for checking answers, revision, and exam preparation in Zimbabwe.

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Questions: ZIMSEC O-Level Principles of Accounts Paper 2 June 2023 Question Paper

Exam board: ZIMSEC
Subject: Principles of Accounts
Level: O-Level
Document: Marking Scheme
Paper: Paper 2
Session: June
Year: 2023
File: PDF, 1.2 MB

About this marking scheme

This is the ZIMSEC O-Level Principles of Accounts marking scheme for Paper 2 from June 2023. It shows how marks are awarded, so you can mark your own answers to the matching question paper. See the question paper.

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Text from the first page

Provisional Marking guide Acc J2023 P2 '0' LEVEL  |  \multicolumn{5}{|l|}{\multirow[b]{6}{*}{
Depreciation on Mlu (W3) 3000 (1) Rent ( $9000+600-400$ )
9200 (2) General experies (2900-100-500) 2500 (2)
Inswance (600-50)
550 (1)
Wages ( $3600+100$ )
3700 (1)
600 (1)
}}
 \multirow[b]{2}{*}{By Nyamasuissa 0771397068}  |  &  |  &  |
  |  &  |  &  |
 N. Mekia  |  &  |  &  |
 \multirow[b]{2}{*}{छ}  |  &  |  &  |
 Assets  |  \multicolumn{3}{|c|}{\multirow[b]{2}{*}{loan interest}}  |  &
 Bonk  |  &  |  &  |  19800
 Inventory  |  \multicolumn{3}{|c|}{Net Profit}  |  & 18000
 Motor vehides  |  \multicolumn{3}{|c|}{}  |  & [17]
 Trade receivables  |  \multicolumn{5}{|c|}{}
 Cenneral expenses  |  \multicolumn{5}{|c|}{\multirow[t]{2}{*}{Workings}}
 (1)40400  |  &  |  &  |
 Less liabilities  |  \multicolumn{5}{|l|}{(1) Receivables Contro/Account}
 Trade payables  |  Bolinee ${ }^{\mathrm{b}} \mathrm{dA}$  |  14200 Bank  |  &  |  74000
 Loan  |  Gredit sales  |  70800  |  & Balance Ud  |  11000
 Rent overned  |  & 85000  |  &  |  85000
  |  \multicolumn{5}{|c|}{}
 - Capital  |  \multicolumn{5}{|l|}{(2) Payables Control Account}
 \multirow[t]{2}{*}{[3]}  |  Bank  |  &  |  & 4200
 N. Mekia  |  Balance $4 d$  |  6800  |  & Gredit Purabors  |  32600
 Income statement for the year conled sillatehis  |  \multicolumn{2}{|c|}{
36800
36800
}  |  \multicolumn{3}{|r|}{\multirow[t]{2}{*}{36800}}
 Sales ( $\omega_{1}$ )  |  \multicolumn{5}{|l|}{\multirow[b]{2}{*}{(3) Motor vehides Account}}
 Less cost of sales  |  &  |  &  |
 Opering inventory Add Purchases (W2)  |  Bulance ${ }^{6} / 4$  |  16000  |  \multicolumn{2}{|c|}{\multirow{3}{*}{Disposal Depreciation Balance old}}  |  1000
 32600 (3)  |  Bonk  |  5500  |  &  |  3000
 39200  |  &  |  &  |  17500
 Less closing Inventory  |  & 21500  |  &  |  21500
 Cost of sales  |  &  |  &  |
 Gross Profit  |  &  |  &  |
  |  &  |  &  |
 Loss on clisposal of mve(ross-75) 250 (1)  |  &  |  &  |

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