Tampines Sec 2024 POA Paper 2 with ANS

This document consists of 12 printed pages and 1 insert. TAMPINES SECONDARY SCHOOLSecondary Four Normal AcademicPRELIMINARY EXAMINATION 2024NAMECLASSREGISTER NUMBER PRINCIPLES OF ACCOUNTS 7086/02 Paper 2 7 August 2024 2 hoursCandidates answer on the Question Paper. Additional Materials: InsertREAD THESE INSTRUCTIONS FIRSTFor Examiner’s UseWrite your name, class and register number on all the work you hand in. Write in dark blue or black pen.Do not use staples, paper clips, glue or correction fluid. The use of an approved calculator is allowed. Answer all the questions.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. [Turn over NA

2Answer all questions.1Refer to the Insert for data for Question 1.REQUIRED(a) Prepare the statement of financial performance for the year ended 30 June 2024.Fantastic ServicesStatement of Financial Performance for the year ended 30 June 2024………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………[8]

3(b) Prepare the statement of financial position as at 30 June 2024.Fantastic ServicesStatement of Financial Position as at 30 June 2024……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………