What is not a service business?

7707_w20_qp_12

MCQ

2020

Paper 1, Variant 2

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Which items will not be shown...

7707_w20_qp_13

MCQ

2020

Paper 1, Variant 3

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Hassan is a trader. During the financial year he took goods from the business for his own use. How should he record this?

7707_w21_qp_13

MCQ

2021

Paper 1, Variant 3

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Which information is required to calculate the return on capital employed for a sole trader?

7707_w21_qp_13

MCQ

2021

Paper 1, Variant 3

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Ann is a trader. On 1 April Cindy’s account in Ann’s ledger showed a credit balance of $520. The following transactions took place during April. April 2 Ann returned goods, $30, to Cindy. Ann bought goods, $210, from Cindy, and paid in cash. Which statement about the balance on Cindy’s account in Ann’s ledger on 30 April is correct?

7707_s20_qp_11

MCQ

2020

Paper 1, Variant 1

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Ann is a trader. On 1 April Cindy’s account in Ann’s ledger showed a credit balance of $520. The following transactions took place during April. April 2 Ann returned goods, $30, to Cindy. Ann bought goods, $210, from Cindy, and paid in cash. Which statement about the balance on Cindy’s account in Ann’s ledger on 30 April is correct?

7707_s20_qp_12

MCQ

2020

Paper 1, Variant 2

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At the end of his financial year, Marek was owed $200 for interest on a loan he had made to an employee. He recorded this in his financial statements. How did the interest on this loan affect Marek’s profit for the year and where was it recorded in his statement of financial position?

7707_s22_qp_11

MCQ

2022

Paper 1, Variant 1

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Which components of a statement of financial position do descriptions 1, 2 and 3 relate to?

7707_s23_qp_12

MCQ

2023

Paper 1, Variant 2

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The following ratios relate to the businesses of Ewa and Max. Ewa Max current ratio 2.2 : 1 2.4 : 1 liquid (acid test) ratio 1.4 : 1 1.0 : 1 An accounting student made the following statements. Ewa can meet her current liabilities from her current assets more easily than Max. Ewa can meet her current liabilities from her liquid assets more easily than Max. Max has insufficient current assets to meet his current liabilities. Max has sufficient liquid assets to meet his current liabilities. Which statements are correct?

7707_s23_qp_12

MCQ

2023

Paper 1, Variant 2

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A trader was preparing her statement of financial position at 30 June 2021. She had four bank loans. $ date repayable loan 1 December 2021 1 December 2022 1 September 2023 1 December 2025 What was the total amount of loans that should be recorded as non-current liabilities at 30 June 2021?

7707_s24_qp_11

MCQ

2024

Paper 1, Variant 1

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