GCSE/ IGCSE Accounting (Principles of Account) Sample Questions I

Saul runs a manufacturing business.
Explain why it is necessary for Saul to prepare a manufacturing account in
addition to a trading and profit and loss account.
_
Explain the difference between direct labour and indirect labour
_
Khalid purchased a new packaging machine costing £120 000 for his business on
1 July 2010. He decided to depreciate this machine at the rate of 20% using the
reducing balance method.
 Explain the following two methods of depreciation.
 Straight line
Reducing balance
_
Evaluate the application of the accruals (matching) concept and the consistency
concept in relation to depreciation of fixed assets.
_

Having problems with understanding basic accounting such as debit and credit?


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http://pastpapers.edexcel.com/content/dam/pdf/International%20GCSE/Accounting/2009/Question%20papers%20and%20mark%20schemes/4AC0_01_que_20130510.pdf