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Unit 01 - Introduction to Financial Accounting: Question Paper

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Centre Number Surname Other Names Candidate Signature

Candidate Number

For Examiner’s Use

Examiner’s Initials

Question

Mark

General Certificate of Education Advanced Subsidiary Examination June 2012

1 2 3 4 TOTAL

Accounting
Unit 1 Introduction to Financial Accounting 9.00 am to 10.30 am Tuesday 15 May 2012

ACCN1

For this paper you must have:  a calculator.

Time allowed  1 hour 30 minutes Instructions  Use black ink or black ball-point pen.  Fill in the boxes at the top of this page.  Answer all questions.  You must answer the questions in the spaces provided. Do not write outside the box around each page or on blank pages.  All workings must be shown and clearly labelled; otherwise marks for method may be lost.  Do all rough work in this book. Cross through any work you do not want to be marked. Information The marks for questions are shown in brackets.  The maximum mark for this paper is 80. Four of these marks will be awarded for: – using good English – organising information clearly – using specialist vocabulary where appropriate.


(JUN12ACCN101)

G/T79703

6/6/6/6

ACCN1

2 Answer all questions in the spaces provided.

Do not write outside the box

1

Total for this question: 12 marks

Helen plans to start a business on 1 August 2012. She will introduce £10 000 capital from her personal savings and borrow a further £10 000 from the bank.

1 (a)

Explain three reasons why it is important for Helen to keep accurate accounting records. 1 ......................................................................................................................................... ............................................................................................................................................ ...............................................................................................................................................

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APA Citation

Unit 01 - Introduction to Financial Accounting: Question Paper. Anti Essays. Retrieved December 15, 2018, from the World Wide Web: http://snehaedu.com/free-essays/Unit-01-Introduction-To-Financial-546209.html