CHIJ STC POA 4E5N Prelim 2023 Paper 1 (7087)

CANDIDATE NAME CLASS INDEX NUMBER ___________________________________________________________________ PRINCIPLES OF ACCOUNTS 7087/01 Paper 1 29 August 2023 1 hour Candidates answer on the Question Paper. No Additional Materials are required. READ THESE INSTRUCTIONS FIRST Write your class, index number and name in the spaces at the top of this page. Write in dark blue or black ink. Do not use staples, paper clips, glue or correction fluid. Answer all questions. The number of marks is given in brackets [ ] at the end of each question or part question. _________________________________________________________________________ This document consists of 10 printed pages. CHIJ ST. THERESA’S CONVENT PRELIMINARY EXAMINATION 2023 SECONDARY 4 EXPRESS / 5 NORMAL ACADEMIC

2 CHIJ ST. THERESA’S CONVENT SECONDARY FOUR EXPRESS / FIVE NORMAL ACADEMIC 2023 PRELIMINARY EXAMINATION PRINCIPLES OF ACCOUNTS PAPER 1 Answer all questions. 1 The following cash at bank account was extracted from the books of Ashley Trading. Cash at bank Debit Credit Balance 2023 $ $ $ June 1 Balance b/d 5 280 Dr 4 Trade payable – Belle 900 4 380 Dr July 10 Sales revenue 650 5 030 Dr 17 Inventory 650 4 380 Dr 19 Trade receivable – Calista 1 900 6 280 Dr 25 Cash in hand 500 5 780 Dr 30 Trade receivable – Calista 1 900 3 880 Dr July 1 Balance b/d 3 880 Dr REQUIRED (a) Interpret the entries on the following dates: (i) 4 June ...…………………………………………………………………………………………… …………….…………………………………………………………………………… [1] (ii) 10 June ...…………………………………………………………………………………………… …………….…………………………………………………………………………… [1] (iii) 19 June ...…………………………………………………………………………………………… …………….…………………………………………………………………………… [1] (iv) 25 June ...…………………………………………………………………………………………… …………….…………………………………………………………………………… [1]

3 CHIJ ST. THERESA’S CONVENT SECONDARY FOUR EXPRESS / FIVE NORMAL ACADEMIC 2023 PRELIMINARY EXAMINATION PRINCIPLES OF ACCOUNTS PAPER 1 (v) 30 June ...…………………………………………………………………………………………… …………….…………………………………………………………………………… [1] (b) State two reasons why cheques might be dishonoured. 1. ...…………………………………………………………………………………… ……………………………………………………………………………………… ...…………………………………………………………………………………… 2. ……………………………………………………………………………………… ……………………………………………………………………………………… ………………………………………………………………………………….. [2] (b) Explain two types of internal control over cash. ...…………………………………………………………………………………………… ……………………………………………………………………………………………… ...…………………………………………………………………………………………… ...…………………………………………………………………………………………… ……………………………………………………………………………………………… ………………………………………………………………………………………….. [2] [Total: 9]

4 CHIJ ST. THERESA’S CONVENT SECONDARY FOUR EXPRESS / FIVE NORMAL ACADEMIC 2023 PRELIMINARY EXAMINATION PRINCIPLES OF ACCOUNTS PAPER 1 2 On 1 April 2021, Dolley too