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4AC1 01R Rms 20190822
4AC1 01R Rms 20190822
Summer 2019
In Accounting (4AC1)
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Summer 2019
Publications Code 4AC1_01R_msc_20190822*
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© Pearson Education Ltd 2019
General Marking Guidance
3 B Journal (1)
5 D To spread the cost of the asset over its useful life (1)
6 B $7 200 (1)
8 D Current (1)
Shazia Account
726 726
Disposal Account
Sanit
Bank Reconciliation statement at 30 April 2019
$
Balance per cash book (1) (735) (1of)
Unpresented cheques 315 (1)
Uncredited bankings (180) (1)
Balance per bank statement (1) (600) (1)
Alternative presentation
$
Balance per bank statement (1) (600) (1)
Unpresented cheques (315) (1)
Uncredited bankings 180 (1)
Balance per cash book (1) (735) (1of)
(6)
Question Answer Mark
number
14(c)(i) Award 1 mark as indicated.
Suspense Account
1 (1)
2 (1)
3 (1)
4 (1)
5 (1)
6 (1)
(6)
Sample answers
Help in locating errors when the trial balance fails to balance (1) as the
balance of the control account must equal the total of the individual
trade receivables (1).
Proof of the arithmetical accuracy of the trade receivables ledger (1) but
not all errors will be revealed - e.g. error of commission (1).
Equity 16 600
Inventory 5 350
Purchases 34 280
Revenue 65 570
Wages 18 900
(9)
Question Answer Mark
number
17(b) Award marks as indicated
(2)
Expenses which have been incurred (1) but unpaid at the financial year (2)
end (1)
Expenses that have been paid (1) in advance of the accounting period
(1) (2)
Sample answers