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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
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 
Car...
Exam (elaborations)
Pearson Edexcel International GCSE 4AC1/02 INTERNATIONAL GCSE IN ACCOUNTING LEVEL 1 /2 PAPER2: FINANCIAL STATEMENTS Wednesday 12 June 2024 QUESTION PAPER
PopularPearson Edexcel International GCSE 4AC1/02 
INTERNATIONAL GCSE IN ACCOUNTING LEVEL 1 /2 
PAPER2: FINANCIAL STATEMENTS Wednesday 12 
June 2024 QUESTION PAPER
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Pearson Edexcel International GCSE 4AC1/01 Accounting Level 1/2 PAPER 1 ,1R ,2 and 2R Introduction to Bookkeeping and Accounting and Financial Statements QP JUNE 2024
Pearson Edexcel International GCSE 4AC1/01 Accounting Level 1/2 PAPER 1 ,1R ,2 and 2R Introduction to Bookkeeping and Accounting and Financial Statements QP JUNE 2024