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Exam (elaborations)

Pearson Edexcel International GCSE 4AC1/02 International GCSE in Accounting Level 1/2 PAPER 2: Financial Statements QP JUNE 2024

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Answer ALL questions. Write your answers in the spaces provided. 1 Ahmed and Malik are in partnership sharing profits and losses equally. Their partnership agreement allows for interest on capital at 5% per annum and a partnership salary to Ahmed of $10 000 per annum. The partners provided the following information for the year ended 31 March 2024. Account $ Capital accounts – Ahmed – Malik 50 000 30 000 Current accounts – Ahmed – Malik 4 500 8 600 Carriage inwards 645 Carriage outwards 1 300 Discount allowed 678 Discount received 663 Drawings – Ahmed – Malik 3 600 2 800 Motor expenses 1 854 Motor vehicles – cost 35 000 Motor vehicles – provision for depreciation 15 000 Openin

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Pearson Edexcel International GCSE 4AC1/02 Interna
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Institution
Pearson Edexcel International GCSE 4AC1/02 Interna
Module
Pearson Edexcel International GCSE 4AC1/02 Interna

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Uploaded on
January 11, 2025
Number of pages
13
Written in
2024/2025
Type
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Pearson Edexcel International GCSE 4AC1/02 International GCSE in
Accounting Level 1/2 PAPER 2: Financial Statements QP JUNE 2024

, Please check the examination details below before entering your candidate information
Candidate surname Other names


Centre Number Candidate Number




Pearson Edexcel International GCSE
Wednesday 12 June 2024
Afternoon (Time: 1 hour 15 minutes) Paper
reference 4AC1/02
International GCSE in Accounting  


Level 1/2
PAPER 2: Financial Statements

You do not need any other materials. Total Marks




Instructions
•• Use black ink or ball-point pen.
Fill in the boxes at the top of this page with your name,
centre number and candidate number.
•• Answer all questions.
Answer the questions in the spaces provided
– there may be more space than you need.
• Calculators may be used.
Information
•• The total mark for this paper is 50.
The marks for each question are shown in brackets
– use this as a guide as to how much time to spend on each question.

Advice
•• Read each question carefully before you start to answer it.
Try to answer every question.
• Check your answers if you have time at the end.

Turn over


P75839A
©2024 Pearson Education Ltd.
F:1/1/
*P75839A0112*

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