Download and practise with this ZIMSEC O-Level Principles of Accounts Paper 2 June 2024 question paper. Useful for exam revision, past paper practice, and preparation in Zimbabwe.
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This is the ZIMSEC O-Level Principles of Accounts question paper for Paper 2 from June 2024. Use it for exam practice under timed conditions.
1 Shen Limited's asset register on 1 January 2022 showed the following: Registration number | Date of purchase | Cost $$$ ABX 4855 ACT 1409 | $16 / 09 / 2020$ | 50000 AGG 0212 | $04 / 02 / 2021$ | 75000 | $01 / 07 / 2021$ | 56000 Additional information 1. On I March 2022 the company traded in ABX 4855 for AZZ 0123 at an agreed value of $$ 16000$ and the balance of $$ 64000$ was paid by cheque. 2. On 1 July 2022, a security alarm system was installed on AZZ 0123 by Cats Technologies on credit. The total cost of installation was $$ 8000$. 3. It is the company's policy to provide full year's depreciation on assets in the year of purchase and none in the year of disposal at $20 \%$ per annum on net book value. (a) Prepare the following ledger accounts for the year ended 31 December 2022: (i) Motor vehicles account at cost $\_\_\_\_$ $\_\_\_\_$ $\_\_\_\_$ $\_\_\_\_$ $\_\_\_\_$ $\_\_\_\_$ $\_\_\_\_$ $\_\_\_\_$ $\_\_\_\_$ $\_\_\_\_$ $\_\_\_\_$ [6] 6001212024 Zimsec 2024 CS CamScanner