Zhonghua POA 2024 5N Prelim Paper 2

1 ZHONGHUA SECONDARY SCHOOL PRELIMINARY EXAMINATION 2024 SECONDARY 5 NORMAL ACADEMIC Candidate Name Class Register Number PRINCIPLES OF ACCOUNTS 7087/02 Paper 2 9 September 2024 2 hours READ THESE INSTRUCTIONS FIRST Write your name, class and register number on all the work you hand in. Write in dark blue or black pen on both sides of the paper. You may use a soft pencil for any rough working. Do not use paper clips, glue or correction fluid. Answer all questions. You may use a calculator. The businesses mentioned in this question paper are entirely fictitious. Where the columnar format is used, the running balance column should be updated for the first and last entries. Where applicable, the balance should be brought down to the next financial year. At the end of the examination, fasten all your work securely together. The number of marks is given in brackets [ ] at the end of each question or part question. Setter: Mr John Kok Vetter: Ms Teo Jing Zhi & Ms Destiny See This question paper consists of 16 printed pages (including this cover page) [Turn over Question Score 1 / 20 2 / 14 3 / 15 4 / 11 Total / 60

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 30 June 2024. Desire Diamonds Statement of Financial Performance for the year ended 30 June 2024 ………………………………………………………………………………….................................... …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… ………………………………………………………………………………….................................... …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… ………………………………………………………………………………….................................... …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… ………………………………………………………………………………….................................... ………………………………………………………………………………….................................... …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… ………………………………………………………………………………….................................... ………………………………………………………………………………….................................... …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… ………………………………………………………………………………….................................... ………………………………………………………………………………….................................... …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… ………………………………………………………………………………….................................... ………………………………………………………………………………….................................... …………………………………………………………………………………………………………… ……………………………………………………………………………………………………………

3 ………………………………………………………………………………….................................... ………………………………………………………………………………….................................... …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… ………………………………………………………………………………….................................... ………………………………………………………………………………….................................... ………………………………………………………………………………….................................... …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… ………………………………………………………………………………….................................... ………………………………………………………………………………….................................... ………………………………………………………………………………….................................... …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… ………………………………………………………………………………….................................... ………………………………………………………………………………….................................... ………………………………………………………………………………….................................... ………………………………………………………………………………….................................... ………………………………………………………………………………….................................... ………………………………………………………………………………….................................... …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… ………………………………………………………………………………….................................... ………………………………………………………………………………….................................... …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… ………………………………………………………………………………….................................... ………………………………………………………………………………….................................... …………………………………………………………………………………….................................. .…………………………………………………………………………………………….………… [10] [Turn over

4 (b) Prepare the statement of financial position as at 30 June 2024. Desire Diamonds Statement of Financial Position as at 30 June 2024 ………………………………………………………………………………….................................... …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… ………………………………………………………………………………….................................... …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… ………………………………………………………………………………….................................... …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… ………………………………………………………………………………….................................... ………………………………………………………………………………….................................... …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… ………………………………………………………………………………….................................... ………………………………………………………………………………….................................... …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… ………………………………………………………………………………….................................... ………………………………………………………………………………….................................... …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… ………………………………………………………………………………….................................... ………………………………………………………………………………….................................... …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… ………………………………………………………………………………….................................... ………………………………………………………………………………….................................... ……………………………………………………………………………………………………………

5 …………………………………………………………………………………………………………… ………………………………………………………………………………….................................... ………………………………………………………………………………….................................... ………………………………………………………………………………….................................... …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… ………………………………………………………………………………….................................... ………………………………………………………………………………….................................... ………………………………………………………………………………….................................... …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… ………………………………………………………………………………….................................... ………………………………………………………………………………….................................... ………………………………………………………………………………….................................... ………………………………………………………………………………….................................... ………………………………………………………………………………….................................... ………………………………………………………………………………….................................... …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… ………………………………………………………………………………….................................... ………………………………………………………………………………….................................... …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………………………………… …………………………………………………………………………………...........................