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 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 Do not open the booklet until you are told to do so. Write your name, index number and class on all the work you hand in. Write in dark blue or black pen. Do not use staples, paper clips, glue or correction fluid. Answer all questions. The use of an approved calculator is allowed. The businesses described in this question paper are entirely fictitious. The number of marks is given in brackets [ ] at the end of each question or part question. The total number of marks for this paper is 60. ______________________________________________________________________________________ This question paper consists of 15 printed pages including this cover page, 1 blank page and 1 Insert. For Examiner’s Use 60 NA

2 Principles of Accounts / Paper 2 Secondary 4 Preliminary Examination 2024 1 Refer to the Insert for data for Question 1. REQUIRED (a) Prepare the statement of financial performance for the year ended 31 December 2023. Yang Statement of financial performance for the year ended 31 December 2023 …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… ……………………………………………………………………………………………………………

3 Principles of Accounts / Paper 2 Secondary 4 Preliminary Examination 2024 [Turn Over] …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… [8]

4 Principles of Accounts / Paper 2 Secondary 4 Preliminary Examination 2024 (b) Prepare the statement of financial position as at 31 December 2023. Yang Statement of Financial Position as at 31 December 2023 …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… ……………………………