Accounts

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Topics: Balance sheet
Centre Number

Candidate Number

Name

CAMBRIDGE INTERNATIONAL EXAMINATIONS General Certificate of Education Advanced Subsidiary Level and Advanced Level

ACCOUNTING
Paper 2 Structured Questions

9706/02
May/June 2003 1 hour 30 minutes

Candidates answer on the Question Paper. No Additional Materials are required.

READ THESE INSTRUCTIONS FIRST Write your Centre number, candidate number and name on all the work you hand in. Write in dark blue or black pen in the spaces provided on the Question Paper. You may use a soft pencil for rough working. Do not use staples, paper clips, highlighters, glue or correction fluid. Answer all questions. 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. You may use a calculator.

If you have been given a label, look at the details. If any details are incorrect or missing, please fill in your correct details in the space given at the top of this page. Stick your personal label here, if provided.

For Examiner’s Use 1 2 3 Total

This document consists of 10 printed pages, 1 lined page and 1 blank page.
SJF2731 S39592/4 © CIE 2003

[Turn over

2 1 The following is the summarised Balance Sheet of Bracket & Racket Ltd, a limited company wholly owned by its two shareholders, Bracket and Racket. Balance Sheet as at 31 March 2002 $000 Fixed Assets at Net Book Value Buildings Fixtures and fittings $000 $000 250 100 350

Current Assets Stock Debtors Cash Current Liabilities Creditors for supplies Accruals Bank

1540 820 3

2363

1210 192 203

1605

758 1108 25 910

Share capital – Ordinary shares Retained profits Loan accounts – Bracket Racket

104 69

173 1108

The company accountant resigned at the beginning of April 2002 and proper records were not kept for the six-month period 1 April to 30 September 2002. The following information is available for that six-month period. $000 1996 823 20 2784

Payments by cheque for purchases

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