9706_m25_qp_22

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* 0000800000001 * , , Cambridge International AS & A Level ¬OŠ> 4mHuOªEŠ]|5€W ¬iutY¨žŽZˆ‹D‹c…\u‚ ¥E5•u5¥•…¥E……uE•EU * 3 4 9 2 2 3 6 1 8 1 * ACCOUNTING 9706/22 Paper 2 Fundamentals of Accounting February/March 2025 1 hour 45 minutes You must answer on the question paper. No additional materials are needed. INSTRUCTIONS ● Answer all questions. ● Use a black or dark blue pen. ● Write your name, centre number and candidate number in the boxes at the top of the page. ● Write your answer to each question in the space provided. ● Do not use an erasable pen or correction fluid. ● Do not write on any bar codes. ● You may use an HB pencil for any rough working. ● You may use a calculator. ● You should present all accounting statements in good style. ● International accounting terms and formats should be used as appropriate. ● You should show your workings. INFORMATION ● The total mark for this paper is 90. ● The number of marks for each question or part question is shown in brackets [ ]. This document has 24 pages. Any blank pages are indicated. DC (SL) 340345/3 © UCLES 2025 [Turn over
* 0000800000001 * , , Cambridge International AS & A Level ¬OŠ> 4mHuOªEŠ]|5€W ¬iutY¨žŽZˆ‹D‹c…\u‚ ¥E5•u5¥•…¥E……uE•EU * 3 4 9 2 2 3 6 1 8 1 * ACCOUNTING 9706/22 Paper 2 Fundamentals of Accounting February/March 2025 1 hour 45 minutes You must answer on the question paper. No additional materials are needed. INSTRUCTIONS ● Answer all questions. ● Use a black or dark blue pen. ● Write your name, centre number and candidate number in the boxes at the top of the page. ● Write your answer to each question in the space provided. ● Do not use an erasable pen or correction fluid. ● Do not write on any bar codes. ● You may use an HB pencil for any rough working. ● You may use a calculator. ● You should present all accounting statements in good style. ● International accounting terms and formats should be used as appropriate. ● You should show your workings. INFORMATION ● The total mark for this paper is 90. ● The number of marks for each question or part question is shown in brackets [ ]. This document has 24 pages. Any blank pages are indicated. DC (SL) 340345/3 © UCLES 2025 [Turn over
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* 0000800000002 * 2 , , 1 Sara and Viraj are in partnership and own a wholesale business. At 1 January 2024, the partners had the following balances. Sara Viraj $ $ Capital 80 000 112 000 DO NOT WRITE IN THIS MARGIN Current account 1 840 debit 2 730 credit During the year ended 31 December 2024, the following drawings had been recorded. $ Sara 22 960 Viraj 18 930 The following balances were also available at 31 December 2024. DO NOT WRITE IN THIS MARGIN $ Bank overdraft 4 970 Non‑current assets at carrying amount 150 700 Inventory 18 400 Other payables 410 Other receivables 300 Trade payables 16 300 Trade receivables 19 980 DO NOT WRITE IN THIS MARGIN The draft profit for the year ended 31 December 2024 was $9400 before accounting for the following: 1 Wages, $850, were owing. 2 A credit customer, owing $1200, had gone out of business. The partners believe that 20% of the amount outstanding will be recovered, and the remaining 80% is to be written off. 3 The partners have decided to create an allowance for irrecoverable debts of 5% of trade receivables. 4 Viraj had taken goods for own use valued at cost, $550. DO NOT WRITE IN THIS MARGIN 5 Viraj had provided a loan to the partnership on 1 May 2024 of $7200 at 8% interest per annum. The loan is repayable in full at the end of five years. Interest on the loan had not been accounted for. 6 Closing inventory had been understated by $3000. 7 Sara had introduced into the business a motor vehicle, valued at $20 400, on 1 September 2024. Motor vehicles are depreciated by 20% per annum using the straight‑line method on a month‑by‑month basis. ĬÍĊ¾Ġ´íÈõÏĪÅĊàú·þ× © UCLES 2025 Ĭé÷óÜĤĪüáùíß³ÙμĤíĂ 9706/22/F/M/25 ĥĕåĕμÕåõμåĕÅąμåÕĥÕ DO NOT WRITE IN THIS MARGIN
* 0000800000002 * 2 , , 1 Sara and Viraj are in partnership and own a wholesale business. At 1 January 2024, the partners had the following balances. Sara Viraj $ $ Capital 80 000 112 000 DO NOT WRITE IN THIS MARGIN Current account 1 840 debit 2 730 credit During the year ended 31 December 2024, the following drawings had been recorded. $ Sara 22 960 Viraj 18 930 The following balances were also available at 31 December 2024. DO NOT WRITE IN THIS MARGIN $ Bank overdraft 4 970 Non‑current assets at carrying amount 150 700 Inventory 18 400 Other payables 410 Other receivables 300 Trade payables 16 300 Trade receivables 19 980 DO NOT WRITE IN THIS MARGIN The draft profit for the year ended 31 December 2024 was $9400 before accounting for the following: 1 Wages, $850, were owing. 2 A credit customer, owing $1200, had gone out of business. The partners believe that 20% of the amount outstanding will be recovered, and the remaining 80% is to be written off. 3 The partners have decided to create an allowance for irrecoverable debts of 5% of trade receivables. 4 Viraj had taken goods for own use valued at cost, $550. DO NOT WRITE IN THIS MARGIN 5 Viraj had provided a loan to the partnership on 1 May 2024 of $7200 at 8% interest per annum. The loan is repayable in full at the end of five years. Interest on the loan had not been accounted for. 6 Closing inventory had been understated by $3000. 7 Sara had introduced into the business a motor vehicle, valued at $20 400, on 1 September 2024. Motor vehicles are depreciated by 20% per annum using the straight‑line method on a month‑by‑month basis. ĬÍĊ¾Ġ´íÈõÏĪÅĊàú·þ× © UCLES 2025 Ĭé÷óÜĤĪüáùíß³ÙμĤíĂ 9706/22/F/M/25 ĥĕåĕμÕåõμåĕÅąμåÕĥÕ DO NOT WRITE IN THIS MARGIN
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* 0000800000003 * 3 , , (a) Calculate the revised profit for the year ended 31 December 2024. ................................................................................................................................................... ................................................................................................................................................... ................................................................................................................................................... DO NOT WRITE IN THIS MARGIN ................................................................................................................................................... ................................................................................................................................................... ................................................................................................................................................... ................................................................................................................................................... ................................................................................................................................................... ................................................................................................................................................... DO NOT WRITE IN THIS MARGIN ................................................................................................................................................... ................................................................................................................................................... ................................................................................................................................................... ................................................................................................................................................... ................................................................................................................................................... ................................................................................................................................................... DO NOT WRITE IN THIS MARGIN ................................................................................................................................................... ............................................................................................................................................. [8] DO NOT WRITE IN THIS MARGIN ĬÏĊ¾Ġ´íÈõÏĪÅĊàü·þ× [Turn over © UCLES 2025 ĬéøôÔĦĦČØÿĄĪħáġĤýĂ 9706/22/F/M/25 DO NOT WRITE IN THIS MARGIN ĥĕÕÕõμÅĕåÕÅÅąÕÅĕõÕ
* 0000800000003 * 3 , , (a) Calculate the revised profit for the year ended 31 December 2024. ................................................................................................................................................... ................................................................................................................................................... ................................................................................................................................................... DO NOT WRITE IN THIS MARGIN ................................................................................................................................................... ................................................................................................................................................... ................................................................................................................................................... ................................................................................................................................................... ................................................................................................................................................... ................................................................................................................................................... DO NOT WRITE IN THIS MARGIN ................................................................................................................................................... ................................................................................................................................................... ................................................................................................................................................... ................................................................................................................................................... ................................................................................................................................................... ................................................................................................................................................... DO NOT WRITE IN THIS MARGIN ................................................................................................................................................... ............................................................................................................................................. [8] DO NOT WRITE IN THIS MARGIN ĬÏĊ¾Ġ´íÈõÏĪÅĊàü·þ× [Turn over © UCLES 2025 ĬéøôÔĦĦČØÿĄĪħáġĤýĂ 9706/22/F/M/25 DO NOT WRITE IN THIS MARGIN ĥĕÕÕõμÅĕåÕÅÅąÕÅĕõÕ
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