2024 BPGHS S5 POA P2 (QP)

Name of Candidate: …………………………………………… ( ) Class: …………… This paper consists of 16 printed pages [Turn over BUKIT PANJANG GOVERNMENT HIGH SCHOOL PRELIMINARY EXAMINATION 2024 SECONDARY 5 GCE 'O' LEVEL SYLLABUS PRINCIPLES OF ACCOUNTS Paper 2 7087/02 21 August, 2024 2 hours 0750 h – 0950 h READ THESE INSTRUCTIONS FIRST Do not turn over the cover page until you are told to do so. Write in dark blue or black pen on both sides of the paper. You may use an HB pencil for any diagrams or graphs. Do not use staples, paper chips, 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. FOR EXAMINER’S USE Question 1 / 20 Question 2 / 21 Question 3 / 8 Question 4 / 11 Total: / 60 Candidates answer on the Question Paper Additional Materials: Insert

2 © BPGHS Preliminary Examination 2024 7087/02 1 Refer to the Insert for data for Question 1. REQUIRED (a) Prepare the statement of financial performance for the year ended 31 March 2024. Le-Vince Pte Ltd Statement of Financial Performance for the year ended 31 March 2024

3 © BPGHS Preliminary Examination 2024 7087/02 [Turn over [10]

4 © BPGHS Preliminary Examination 2024 7087/02 (b) Prepare the statement of financial position as at 31 March 2024. Le-Vince Pte Ltd Statement of Financial Position as at 31 March 2024

5 © BPGHS Preliminary Examination 2024 7087/02 [Turn over [10] [Total: 20]

6 © BPGHS Preliminary Examination 2024 7087/02 2 Tahiya runs a business of buying and selling car accessories. The business provided the following drawings account for the year ended 30 September 2024. Drawings account Date Particulars Debit Credit Balance 2023 $ $ $ Nov 11 Cash at bank 2 000 2 000 Dr Dec 5 Cash at bank 500 2 500 Dr 2024 May 6 Inventory 1 250 3 750 Dr Sep 30 Capital 3 750 - REQUIRED (a) Define drawings. [1] (b) State and explain the accounting theory behind the transaction on 5 December 2023. Accounting theory Explanation [3] (c) Interpret the entries in the drawings account on: (i) 6 May 2024 [1] (ii) 30 September 2024 [1]

7 © BPGHS Preliminary Examination 2024 7087/02 [Turn over The following information was extracted from the books of Tahiya’s business as at 30 September 2022, 2023 and 2024.