Preparation of financial statements — AS & A Level Accounting (9706) questions by topic
Splitting profit for the period across two six-month halves, revising a full year's profit, preparing a sales ledger control account, and explaining uncertainty over goodwill valuation make up this page's 7 questions, taken from 2024 papers and worth between 15 and 30 marks. Calculate and state anchor the arithmetic, while assess, discuss and explain ask for reasoned commentary on a partnership or ledger figure.
Submit your control account or profit calculation for instant marking so an error carried between the two half-year periods, or in the goodwill reasoning, is flagged before it affects the rest of the answer.
October–November 2024, Paper 22
Calculate the revised profit for the year ended 30 June 2024.
Answer this question and get it marked →October–November 2024, Paper 23
Calculate the corrected carrying value of Property at 30 June 2024.
Answer this question and get it marked →Prepare the sales ledger control account for September 2024.
Answer this question and get it marked →October–November 2024, Paper 31
Read Source A in the insert. Calculate the profit for the period for both the six months ended 30 June 2023 and the six months ended 31 December 2023.
Answer this question and get it marked →Read Source B in the insert. Calculate at 31 December 2022: the accumulated depreciation on Machine A.
Answer this question and get it marked →October–November 2024, Paper 32
Read Source B in the insert. Calculate the correct division of profit between the two periods. Assume that revenue and other expenses accrued evenly throughout the year.
Answer this question and get it marked →October–November 2024, Paper 33
Read Source A in the insert. Explain why the partners were not sure of the value of the goodwill.
Answer this question and get it marked →