Please write clearly in block capitals.
Centre number Candidate number
Surname
Forename(s)
Candidate signatu re
I declare this is my own work.
A+level
Accounting 201 Final Exam – Complete
Questions with Verified Answers
Time allowed: 3 hours
Materials
For this paper you must have: For Examiner’s Use
• a calculator. Section Mark
A
Instructions
• Use black ink or black ball-point pen. B
• Fill in the boxes at the top of this page. C
• Answer all questions.
TOTAL
• You must answer the questions in the spaces provided. Do not write
outside the box around each page or on blank pages.
• If you need extra space for your answer(s), use the lined pages at the end
of this book. Write the question number against your answer(s).
• Do all rough work in this answer book. Cross through any
work you do not want to be marked.
Information
• The marks for each question are shown in brackets.
• The maximum mark for this paper is 120.
EXAM/V/ST/V /E8
, preferred vs. common stock - ✔✔preferred are paid first
earnings per share - ✔✔(net income-preferred dividends)/weighted avg stock outstanding
treasury stock - ✔✔stock repurchased by company
stock dividends - ✔✔no effect on stockholder's equity
assets - ✔✔current/long term
cash
accounts receivable
contra asset-allowance for doubtful accounts
inventory
plant assets/equipment
contra asset-accumulated depreciation
investments
balance sheet - ✔✔assets
liabilities
equity
income statement - ✔✔revenue
expense
gains/losses
gross profit
net income/loss
Centre number Candidate number
Surname
Forename(s)
Candidate signatu re
I declare this is my own work.
A+level
Accounting 201 Final Exam – Complete
Questions with Verified Answers
Time allowed: 3 hours
Materials
For this paper you must have: For Examiner’s Use
• a calculator. Section Mark
A
Instructions
• Use black ink or black ball-point pen. B
• Fill in the boxes at the top of this page. C
• Answer all questions.
TOTAL
• You must answer the questions in the spaces provided. Do not write
outside the box around each page or on blank pages.
• If you need extra space for your answer(s), use the lined pages at the end
of this book. Write the question number against your answer(s).
• Do all rough work in this answer book. Cross through any
work you do not want to be marked.
Information
• The marks for each question are shown in brackets.
• The maximum mark for this paper is 120.
EXAM/V/ST/V /E8
, preferred vs. common stock - ✔✔preferred are paid first
earnings per share - ✔✔(net income-preferred dividends)/weighted avg stock outstanding
treasury stock - ✔✔stock repurchased by company
stock dividends - ✔✔no effect on stockholder's equity
assets - ✔✔current/long term
cash
accounts receivable
contra asset-allowance for doubtful accounts
inventory
plant assets/equipment
contra asset-accumulated depreciation
investments
balance sheet - ✔✔assets
liabilities
equity
income statement - ✔✔revenue
expense
gains/losses
gross profit
net income/loss
