2024 HGV POA Paper 1 Answers

•••••• a)-c _c -a Co CO a ) _c CO ts g a • xr:s 7:3 19A 2 "L)CC) -c (b) Debit note [1m] itimate timin .g. ra 5 u) . . 'co o a) .- E 0 a) CO 13 > 0 CC+) 13 C _0 IQ 8 E 8= ..a .1),,, C = C O3. o -a C _a a cu 12 ....' E 2 2 .2 Z .1E1 8 E (D-Ea) t E ci) y2 a) 9 4_, a) L_ 8 = . . . ) u_ o 1 cZ ai c T) a) 72.* Cis ,.., u) 6 .1/4-_'. E .c '8 . . 8 t m C a ai a) cn'El m c - --ai 1" ,-- ,a)c mmg -- a) :F- a) a) 'Ili ca -6 Iii 1:1" -w . 1 -549:3 A' 17-) g 2 8c 22 mi a) 7.-- -a -c a) 8-c ti 0 To co11, g 'a' pc.-)2!El 75 cn ° co .2 .5_, ,f, g .5. .2 o -0 146 2,- 2 : r • f. ) 2 i 6Ea) a) G3 0 co (3) 4-C) CO C -c ' ' ' E -c c -Q Cl- 0 0 0 - >1 C < ' • • . • ci h funds (or is closed or frozen) for decision-making. [1m] 8 Ca 2 a. [Q1 Total: 8m] Yu's business n the books of Min Cash at Bank (.13 Ca c0 co 't •.... C‘,1 -5 [Q2 Total: 12m] Prepared by Mdm Grace Ang CD Co (1. Prepared by Mdm Grace Ang

(b) Reducing-balance method [1m] CD CY) `zr Cf). CD U, I I 0 C.) a) a -o 0 • 5 v.0 ii H 0 CO 0 O Ca 0 a, c) c:) Co CD Ta- Cr) 0 00 CP NI. Nice Home's (NH) rate of inventory turnover improved, from 4.06 times in 2022 to 6.64 times in 2023. Chic Living's (CL) rate of inventory turnover improved from 8.11 times in 2022 to 9.17 times in 2023. Thus, both businesses sold out and replenished its inventory more times in 2023 as compared to 2022. Hence, there was improvement in efficiency in inventory management for both businesses over the two years. Nonetheless, CL's rate of inventory turnover was betterthan NH's for both years. Thus, CL sold out and replenished its inventory more times than NH for both years. Hence, CL was more efficient in inventory management as compared to NH for both years. •E .5 O - CV CI) Tr In CD Thus, rate of depreciation = 40% [1m] 0 "ct o c, .0 t's = C.) > 12 w a) CZ -CB g)) RI 4-U 8 CO E • z 0 C -a CO 8 _ E Cao Co(1) o so a) mr-u.. -c 2 .(2 Ca a) • cr E To c o a) a) 'a Z 2 8 -t" a) 8 '2 CO com=•,-..• b-, co To -a -a Ca t co o a) 0E E >.= . cu CLEVZ co cr)*(5 • s a 2 Ca = .0 cu SI 17) 2 9(E o 'a5 8. o o uf E apal--(7; .s aw_ > 0 Ca 75); 0 0 0o [Q3 Total: 10m] [Q4 Total: 10m] Prepared by Mdm Grace Ang Prepared by Mdm Grace Ang