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CSEC Jan 2020 Paper 1 Answers

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259 views13 pages

CSEC Jan 2020 Paper 1 Answers

Uploaded by

ricardogibbs9o9
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Answer

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Answer
Current Ratio
Answer CA/CL
CA=3500+300=3800
CL=200+1200+400=1800
3800/1800 = 2.1:1

Answer: C

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Answer
Answ
er

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Ans
wer

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Answer

WC=CA-CL
CA=8800
CL=3300
8800-3300=5500
Answer:B

Gross Profit %
GP/Sales * 100

Answer: D
Answer

Answer

3/100*6000 = 180
2/100*4 000= 80
1/100*8 000 = 80
340

Answer B
1 000
10% 100
900
10% 90
810
Answer
Answer: B

Answer Answer

C=A-L
300 000 - 210 000
=90 000
Bal as per CB 560
Answer: B + Unp. Chqs 120
680
- Late Lodg. 150
530
Open Stock 1 500
Purchases 1 200
2 700
Less COGS 1 400
Closing Stock 1 300

Answer

1/5 * 1 000 = 200

Answer: B

3900 - 900 = 3 000


4 860 - 3 000 = 1 860
Answer

Answer

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5 000
10% 500
4 500
500 Answer
4 000
Answer

Answer

Answer

Acnswer

Answer
Answer

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Answer

Cost of Mat. 3000


Factory Wages 5000
15/100 * 1 500 = 225 Indirect Exp. 3200
Add WIP at Start 1600
12800
Less WIP at end 1700
11100

79 110 + 4 720
=83 830
Answer: C Answer

OFFICE EXPENSES SHOULD NOT BE


INCLUDED.

40 * 7 = 280
20
260
5/100*280 14
246

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