9706_w15_ms_21 - CAMBRIDGE INTERNATIONAL EXAMINATIONS Cambridge International Advanced Subsidiary and Advanced Level MARK SCHEME for the

9706_w15_ms_21 - CAMBRIDGE INTERNATIONAL EXAMINATIONS...

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® IGCSE is the registered trademark of Cambridge International Examinations. CAMBRIDGE INTERNATIONAL EXAMINATIONS Cambridge International Advanced Subsidiary and Advanced Level MARK SCHEME for the October/November 2015 series 9706 ACCOUNTING 9706/21 Paper 2 (Structured Questions – Core), maximum raw mark 90 This mark scheme is published as an aid to teachers and candidates, to indicate the requirements of the examination. It shows the basis on which Examiners were instructed to award marks. It does not indicate the details of the discussions that took place at an Examiners’ meeting before marking began, which would have considered the acceptability of alternative answers. Mark schemes should be read in conjunction with the question paper and the Principal Examiner Report for Teachers. Cambridge will not enter into discussions about these mark schemes. Cambridge is publishing the mark schemes for the October/November 2015 series for most Cambridge IGCSE ® , Cambridge International A and AS Level components and some Cambridge O Level components.
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Page 2 Mark Scheme Syllabus Paper Cambridge International AS/A Level – October/November 2015 9706 21 © Cambridge International Examinations 2015 1 (a) The City Cricket Club Refreshments Trading Account for the year ended 30 September 2015 $ $ Sales of refreshments 4430 Less cost of sales Opening inventory 770 Purchases (2697 + 840 (1) – 960 (1) ) 2577 3347 Less closing inventory 590 2757 Gross profit 1673 (1)OF [3] (b) The City Cricket Club Income and Expenditure Account for the year ended 30 September 2015 $ $ Profit from sales of refreshments 1 673 Subscriptions (670 (1) + 320 (1) + 6650 –240 (1) – 540 (1) – 400 (1) 6 460 Life membership transfer 320 (1) Advertising revenue 2 600 Donations 770 11 823 Less expenses Groundsman’s wages 3 500 Travelling expenses 942 Rent 4 500 Depreciation (W1) 2 000 Loss on disposal 250 (1) Interest on loan 250 (1) Bad debts 50 (1) 11 492 Surplus for the year 331 (1)OF [12] W1 1140 + 500 (1) + 360 (1) OR 1070 + 570 (1) +360 (1)
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Page 3 Mark Scheme
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