EVG 2024 POA Prelim 4G3 5G2 P2 Qns

This question paper consists of 12 printed pages and 1 insert. [Turn Over Candidate’s name: ( ) Class: Evergreen Secondary School Preliminary Examination 2024 Principles of Accounts Paper 2 Secondary Four G3/Five Date: 26 August 2024 Duration: 2 hours Marks: 60 READ THESE INSTRUCTIONS FIRST Write your name, index number and class on the spaces provided at the top of this page. Write in dark blue or black pen. You may use a HB pencil for any rough working. Do not use staples, paper clips, glue or correction fluid. The use of an approved calculator is allowed. Answer all questions. The businesses described in this question paper are entirely fictitious. Write all your answers in the spaces provided on the Question Paper. Additional Materials: Insert The number of marks is given in brackets [ ] at the end of each question or part question.

Evergreen Secondary School Preliminary Examination 2024 Secondary Four G3/Five Principles of Accounts Paper 2 2 Answer all questions. 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. Alan Statement of Financial Performance for the year ended 31 March 2024

Evergreen Secondary School Preliminary Examination 2024 Secondary Four G3/Five Principles of Accounts Paper 2 3 [11]

Evergreen Secondary School Preliminary Examination 2024 Secondary Four G3/Five Principles of Accounts Paper 2 4 (b) Prepare the statement of financial position as at 31 March 2024. Alan Statement of Financial Position as at 31 March 2024

Evergreen Secondary School Preliminary Examination 2024 Secondary Four G3/Five Principles of Accounts Paper 2 5 [9] [Total: 20]

Evergreen Secondary School Preliminary Examination 2024 Secondary Four G3/Five Principles of Accounts Paper 2 6 2 Lily owns a fashion retail chain, Lilydale. The following information relates to the business as at 30 June 2022, 2023 and 2024. 2022 2023 2024 $ $ $ Motor vehicles 36 000 28 000 60 000 Cash at bank 48 000 25 900 - Trade receivables 12 500 26 400 33 300 Inventory 15 000 23 600 50 000 Prepaid expenses - - 6 000 Bank overdraft - - 17 800 Trade payables 20 200 33 400 34 100 Current ratio 3.74 ? ? Quick ratio 3.00 ? ? REQUIRED (a) Calculate the current ratios and quick ratios for each of the t