a midsummer night's dream
UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS
General Certificate of Education Advanced Level
9706/42
ACCOUNTING
Paper 4 Problem Solving (Supplementary Topics)
May/June 2013
2 hours
Additional Materials:
Answer Booklet/Paper
*6247536355*
READ THESE INSTRUCTIONS FIRST
If you have been given an Answer Booklet, follow the instructions on the front cover of the Booklet.
Write your Centre number, candidate number and name on all the work you hand in.
Write in dark blue or black pen.
You may use a soft pencil for any diagrams, graphs or rough working.
Do not use staples, paper clips, highlighters, glue or correction fluid.
Answer all questions.
All accounting statements are to be presented in good style.
International accounting terms and formats should be used as appropriate.
Workings should be shown.
You may use a calculator.
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.
This document consists of 6 printed pages and 2 blank pages.
IB13 06_9706_42/3RP
© UCLES 2013
[Turn over
2
1
Breskens plc has traded at a loss in recent years and no dividends have been paid to shareholders.
The company has provided the following information:
Summary trial balance at 31 March 2013
Dr
$000
Land and buildings
Plant and equipment
Motor vehicles
Goodwill
Investments
Inventories
Trade and other receivables
Trade and other payables
Cash and cash equivalents
Ordinary share capital ($1 shares)
Retained earnings at 1 April 2012
Loss for the year
Cr
$000
155
510
50
60
130
240
420
635
150
1 200
350
70
1985
1985
After the financial statements for the year ended 31 March 2013 had been prepared, an impairment review showed the following:
1
Land and buildings were overvalued by $50 000.
2
Additional depreciation of $80 000 is required on plant and equipment.
3
Goodwill
General Certificate of Education Advanced Level
9706/42
ACCOUNTING
Paper 4 Problem Solving (Supplementary Topics)
May/June 2013
2 hours
Additional Materials:
Answer Booklet/Paper
*6247536355*
READ THESE INSTRUCTIONS FIRST
If you have been given an Answer Booklet, follow the instructions on the front cover of the Booklet.
Write your Centre number, candidate number and name on all the work you hand in.
Write in dark blue or black pen.
You may use a soft pencil for any diagrams, graphs or rough working.
Do not use staples, paper clips, highlighters, glue or correction fluid.
Answer all questions.
All accounting statements are to be presented in good style.
International accounting terms and formats should be used as appropriate.
Workings should be shown.
You may use a calculator.
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.
This document consists of 6 printed pages and 2 blank pages.
IB13 06_9706_42/3RP
© UCLES 2013
[Turn over
2
1
Breskens plc has traded at a loss in recent years and no dividends have been paid to shareholders.
The company has provided the following information:
Summary trial balance at 31 March 2013
Dr
$000
Land and buildings
Plant and equipment
Motor vehicles
Goodwill
Investments
Inventories
Trade and other receivables
Trade and other payables
Cash and cash equivalents
Ordinary share capital ($1 shares)
Retained earnings at 1 April 2012
Loss for the year
Cr
$000
155
510
50
60
130
240
420
635
150
1 200
350
70
1985
1985
After the financial statements for the year ended 31 March 2013 had been prepared, an impairment review showed the following:
1
Land and buildings were overvalued by $50 000.
2
Additional depreciation of $80 000 is required on plant and equipment.
3
Goodwill