9706_w15_ms_22 - CAMBRIDGE INTERNATIONAL EXAMINATIONS Cambridge International Advanced Subsidiary and Advanced Level MARK SCHEME for the

9706_w15_ms_22 - 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 9706/22 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 22 © Cambridge International Examinations 2015 1 (a) Winners Athletic Club Shop Income Statement for the year ended 30 June 2015 $ $ Sales (690 (1) + 6 670 – 540 (1) ) 6820 Opening inventory * 640 Add purchases (429 (1) + 2 590 – 376 (1) ) 2643 3283 Less closing inventory * 530 (1 both *) 2753 Gross profit 4067 Wages 2780 (1) Bad debt 60 (1) 2840 Profit for the year 1227 [7] (b) Winners Athletic Club Income and Expenditure Account for the year ended 30 June 2015 $ $ Shop profits 1227 Subscriptions [(485 + 895 + 2100] (1) – [(675 + 345 + 8690)] (1) 6230 (1)OF Events Less costs (3720 – 275 (1) – 2 120 (1) ) 1325 Life membership 460 (1) 9242 Entry fees (2160 +140) 2300 (1) Bank charges 126 (1) Depreciation 1768 (1)CF Secretary’s expenses 1370 Loss on equip. sale 260 (1)CF 5824 Surplus for the year 3418 (1)OF [11]
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