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JUNE 2003
GCE A AND AS LEVEL
MARK SCHEME MAXIMUM MARK: 30
SYLLABUS/COMPONENT: 9706/01 ACCOUNTING Paper 1 (Multiple Choice)
Page 1
Mark Scheme A AND AS LEVEL – JUNE 2003
Syllabus 9706
Paper 1
Question Number 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
Key D A A A C D A B B B B C B C C
Question Number 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
Key B A A D B C C C D A C D A D D
TOTAL 30
© University of Cambridge Local Examinations Syndicate 2003
JUNE 2003
GCE A AND AS LEVEL
MARK SCHEME MAXIMUM MARK: 90
SYLLABUS/COMPONENT: 9706/02 ACCOUNTING Paper 2 (Structured Questions)
Page 1
Mark Scheme A AND AS LEVEL – JUNE 2003
Syllabus 9706
Paper 2
All amounts in $000 1. Working for sales Cash-banked = 2784 - 53 Expenses Loan accounts Opening balance Closing balance 2731 205 90 (3) 8 3031 (1) (1) (1) (1) (1)
Bank – takings Buildings Balance (195 + 63)
2731 B/fwd 53 Crs (purchases) 258 Expenses Int on overdraft 3042
203 1996 823 20 3042
Trading and Profit and Loss Account For 6 months ended 30 September 2002 (a) Sales = 3031 + 420 (1) – 820 (1) less cost of sales Opening stock + purchases 1996 – 1210 (1) + 510 (1) 2631 1540 1296 2836 704 2132 499 (4 if netted)
- Closing stock Gross profit less Expenses = 823 (1) + 205 (1) – 192 (1) + 103 (1) Interest paid Depreciation (70/2) (1) Doubtful Debts provision (1) Loss on sale of fixtures (1) Net loss
939 20 35 21 17
1032 (533) [16]
Award marks where candidates have identified correct figures and have treated these figures correctly – up to 7 marks.
© University of Cambridge Local Examinations Syndicate 2003
Page 2
Mark Scheme A AND AS LEVEL – JUNE 2003
Syllabus 9706
Paper 2
(b) Balance Sheet as at 30 September 2002 Fixed assets less depreciation 280 (1) 35 (1) (OF from
Trading P & L)
245 Current assets Stock Debtors - provision Cash Current liabilities Creditors Accruals Bank
704 (1) 420 21 399 8 510 103 258
1111
(1)
871
240 485 25 377
Share capital Retained
JUNE 2003
GCE A AND AS LEVEL
MARK SCHEME MAXIMUM MARK: 30
SYLLABUS/COMPONENT: 9706/01 ACCOUNTING Paper 1 (Multiple Choice)
Page 1
Mark Scheme A AND AS LEVEL – JUNE 2003
Syllabus 9706
Paper 1
Question Number 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
Key D A A A C D A B B B B C B C C
Question Number 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
Key B A A D B C C C D A C D A D D
TOTAL 30
© University of Cambridge Local Examinations Syndicate 2003
JUNE 2003
GCE A AND AS LEVEL
MARK SCHEME MAXIMUM MARK: 90
SYLLABUS/COMPONENT: 9706/02 ACCOUNTING Paper 2 (Structured Questions)
Page 1
Mark Scheme A AND AS LEVEL – JUNE 2003
Syllabus 9706
Paper 2
All amounts in $000 1. Working for sales Cash-banked = 2784 - 53 Expenses Loan accounts Opening balance Closing balance 2731 205 90 (3) 8 3031 (1) (1) (1) (1) (1)
Bank – takings Buildings Balance (195 + 63)
2731 B/fwd 53 Crs (purchases) 258 Expenses Int on overdraft 3042
203 1996 823 20 3042
Trading and Profit and Loss Account For 6 months ended 30 September 2002 (a) Sales = 3031 + 420 (1) – 820 (1) less cost of sales Opening stock + purchases 1996 – 1210 (1) + 510 (1) 2631 1540 1296 2836 704 2132 499 (4 if netted)
- Closing stock Gross profit less Expenses = 823 (1) + 205 (1) – 192 (1) + 103 (1) Interest paid Depreciation (70/2) (1) Doubtful Debts provision (1) Loss on sale of fixtures (1) Net loss
939 20 35 21 17
1032 (533) [16]
Award marks where candidates have identified correct figures and have treated these figures correctly – up to 7 marks.
© University of Cambridge Local Examinations Syndicate 2003
Page 2
Mark Scheme A AND AS LEVEL – JUNE 2003
Syllabus 9706
Paper 2
(b) Balance Sheet as at 30 September 2002 Fixed assets less depreciation 280 (1) 35 (1) (OF from
Trading P & L)
245 Current assets Stock Debtors - provision Cash Current liabilities Creditors Accruals Bank
704 (1) 420 21 399 8 510 103 258
1111
(1)
871
240 485 25 377
Share capital Retained