Zimbabwe School Examinations Council: General Certificate of Education Ordinary Level
Zimbabwe School Examinations Council: General Certificate of Education Ordinary Level
Zimbabwe School Examinations Council: General Certificate of Education Ordinary Level
INSTRUCTIONS TO CANDIDATES
Check that all the pages are in the booklet and ask the invigilator for a replacement if there are duplicate
or missing pages.
Write your name, (Surname and Forename(s)), centre number and candidate number in the spaces
provided at the top of this page and your centre number and candidate number in the box at the top right
corner of every page of this paper.
Answer all questions.
Write your answers in the spaces provided on the question paper.
Amounts used in this Question Paper are for calculation purposes only.
1 The following trial balance was recorded in the books of R. Sithole after drawing up a
Trading Account.
(a) An Income Statement/Profit and Loss Account for the year ended
31 December 2015
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2 (a) The following balance was taken from the books of Jude Enterprises
on 1 December 2015.
T. White $4 260 Dr
The following transactions took place during the month of December 2015:
5 Sold goods on credit to T. White for $20 000 less 25% trade
discount.
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(b) Kushinga Manufacturing Company makes and sells school uniforms. The following
balances were extracted from the company’s books on 31 December 2014.
$
Inventories (1 January 2014):
Raw materials 7 500
Finished goods 600
Work in progress 200
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Show the Current Accounts of Thembelani and Buhle on 31 December 2014 in the ledger,
in columnar form as shown below:
DR Current Accounts CR
Thembelani Buhle Thembelani Buhle
$ $ $ $
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(b) The following information was taken from the books of Saungweme Limited.
During the year 2013, an interim ordinary dividend of $25 000 was paid.
The net operating profit for the year 2013 was $208 000 before charging debenture
interest.
Prepare
(i) a Profit and Loss Appropriation Account for the year ended
31 December 2013
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The following errors were discovered after the preparation of the final accounts.
1. The Sales Day Book was undercast by $600.
2. The Purchases Journal was overcast by $900.
3. The total of discount allowed of $1 600 was credited in the Discount Received
Account.
Prepare
(i) Journal entries to correct the errors. (Narrations are not required)
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(b) The following balances appeared in the books of Tanatswa Social Club on 1
January 2012.
$
Equipment, at cost 12 000
Rent outstanding 500
Subscriptions in arrears 800
Subscriptions prepaid 280
A summary of the receipts and payments for the year ended 31 December 2012 is as
follows:
Receipts $ Payments $
Balance b/d (1 January 2012) 7 500 Equipment 3 400
Subscriptions 9 000 General expenses 4 100
Income from competitions 3 900 Rent 6 000
_____ Balance c/d 6 900
20 400 20 400
Balance b/d 6 900
Additional information
Prepare the Income and Expenditure Account for the year ended
31 December 2012.
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(i) Motor vehicles worth $200 000 were brought for resale.
(ii) Paid $4 500 cash for repairs to a damaged vehicle showroom.
(iii) Purchased a new van for $7 000 for use in the business.
(iv) The business paid $4 000 insurance costs for the vehicles showroom.
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