CTSS POA 4NA Prelim P2

[Turn over Name : _________________________ Index Number : ___________ Class: _________ Clementi Town Secondary School Preliminary Examination 2024 Secondary 4 PRINCIPLES OF ACCOUNTS 7086/02 Paper 2 1 August 2024 INSERT 2 hours CLEMENTI TOWN SECONDARY SCHOOL CLEMENTI TOWN SECONDARY SCHOOL CLEMENTI TOWN SECONDARY SCHOOL CLEMENTI TOWN SECONDARY SCHOOL CLEMENTI TOWN SECONDARY SCHOOL CLEMENTI TOWN SECONDARY SCHOOL CLEMENTI TOWN SECONDARY SCHOOL CLEMENTI TOWN SECONDARY SCHOOL CLEMENTI TOWN SECONDARY SCHOOL CLEMENTI TOWN SECONDARY SCHOOL CLEMENTI TOWN SECONDARY SCHOOL CLEMENTI TOWN SECONDARY SCHOOL CLEMENTI TOWN SECONDARY SCHOOL CLEMENTI TOWN SECONDARY SCHOOL CLEMENTI TOWN SECONDARY SCHOOL CLEMENTI TOWN SECONDARY SCHOOL CLEMENTI TOWN SECONDARY SCHOOL CLEMENTI TOWN SECONDARY SCHOOL CLEMENTI TOWN SECONDARY SCHOOL CLEMENTI TOWN SECONDARY SCHOOL READ THESE INSTRUCTIONS FIRST This insert contains the data for Question 1. ______________________________________________________________________________________ This document consists of 2 printed pages. NA

2 Principles of Accounts / Paper 2 Secondary 4 Preliminary Examination 2024 Data for Question 1 Yang owns an accounting consultancy business. The following trial balance was extracted from the books of Yang’s business on 31 December 2023. Debit $ Credit $ Service fee revenue 64 450 Commission income 6 300 Utilities 890 Wages and salaries 15 200 Interest 250 Discount received 340 Office equipment at cost 20 000 Accumulated depreciation of office equipment 4 000 Motor vehicles 65 000 Accumulated depreciation of motor vehicles 12 000 Cash at bank 5 350 Cash in hand 150 Long-term bank loan 10 000 Trade receivables 5 670 Drawings 1 560 Capital at 1 January 2023 6 280 108 720 108 720 Additional information on 31 December 2023 1 Service fee revenue of $8 950 had been received in advance. 2 Utilities, $50, was prepaid. 3 Wages and salaries, $4 600, were owing. 4 Office equipment is to be depreciated at 10% per annum using the straight-line method. 5 Motor vehicles are to be depreciated at 18% per annum using the reducing balance method.

[Turn over Name : _________________________ Index Number : ___________ Class: _________ Clementi Town Secondary School Preliminary Examination 2024 Secondary 4 PRINCIPLES OF ACCOUNTS 7086/02 Paper 2 1 August 2024 2 hours Candidates answer on the Question Paper. Additional Materials: Insert CLEMENTI TOWN SECONDARY SCHOOL CLEMENTI TOWN SECONDARY SCHOOL CLEMENTI TOWN SECONDARY SCHOOL CLEMENTI TOWN SECONDARY SCHOOL CLEMENTI TOWN SECONDARY SCHOOL CLEMENTI TOWN SECONDARY SCHOOL CLEMENTI TOWN SECONDARY SCHOOL CLEMENTI TOWN SECONDARY SCHOOL CLEMENTI TOWN SECONDARY SCHOOL CLEMENTI TOWN SECONDARY SCHOOL CLEMENTI TOWN SECONDARY SCHOOL CLEMENTI TOWN SECONDA