CCHY 2024 POA P1 and P2

F 2 Chung Cheng Ylehun Answer all questions . 1 Jla Ying wants to start a lrad lng business . REQUIRED (■) Stale ihe role of accounting . .... ... ... ... ... ..... ...... ...... ...... ... ... ...... ... ... ... ... ... ... ... ... ... ... ... ... ... ... . .. ... ... ... .. ..... ... ..... til (b) Stale and expla in one professiona l ethics of an accountan t. ......... , ..... ............................................................... .......... ...... ' ······ · ·· •···•·· ·· ·· ··· ...................................... .......... ........ ............... ... ········· ·· ·············" ... ····· ··········•""' ... ··••····· ................................. ········· ... ········· ... ············ ......... ············ ............. l21 (c) Stale one feature of a sole-proprietorsh ip . ··•········ ······· ·" .................. ······ ··~·-· ········· ............ ······ ········· .................. ······ ......... . ... .......................................................................................... ····················· ..... . . ······················································· ................................................................ t'\1 The accounting Information system is a system that a business uses to collect, store and process accounting data. {d) Complete the accounting information system. Source document (e) Explain the monetary theory . Ledger Financial statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................ ..................... ··························· ··· ······ ... ··· ········· ··· .......... ... ·--l~1 CCHY/2024/PRELIM/4NA/P1/POA

3 (f) Complete the following table by naming the source document used to record each transaction (I) to (Ill) . ,,, (11) (Ill) Transaction Cash sales of goods Returns from credit purchase Bank charges Source document (3) [Total: 10)

r 2 Just1n started ltad l JuaUn has 8 ng on 1 January 2022. Hit bualne11 buya and 11eA1 mobile phones on credit. Decembe r 20~~ed lhe followtng balance., from lhe ledger aocountt or his business as at 31 Cash al bank Trade recelvabl&11 Trade payab les Molor vehicles Bank loan REQUIRED (•I Slate lhe accounting equation. s 4 500 9200 10 900 68200 60000 ............................................................................................... ........................ . ································ .................................................................... ......... . ··· ·· · ···· [1} (b} Calculate the capital of the business. ............................................................................................................. . ... ········ · ·· •···· •··· ··· · ··· ··· · · •" ' "'''''"''' ' ''''''''' '' ''''' '' "'" "'"'' ''''' '