mn1041-10 - mn1041-10 Important Copyright Notice This exam...

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mn1041-10 Important Copyright Notice This exam paper has been made available in electronic form strictly for the educational benefit of current Royal Holloway students on the course of study in question. No further copying, distribution or publication of this exam paper is permitted. By printing or downloading this exam paper, you are consenting to these restrictions. MN1041 Accounting for Management Disclaimer Every effort has been made to ensure that no copyright material has been used without permission if needed, but if anyone considers that there has been an infringement, they should contact the Library Liaison Team: [email protected] .
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MN1041 / MN1041R Page 1 of 9 2009-10 UNIVERSITY OF LONDON BSc EXAMINATION 2010 For Internal Students of Royal Holloway DO NOT TURN OVER UNTIL TOLD TO BEGIN MN1041: ACCOUNTING FOR MANAGEMENT MN1041R: ACCOUNTING FOR MANAGEMENT – PAPER FOR RESIT CANDIDATES Time Allowed: THREE hours ANSWER F OUR QUESTIONS SECTION A: ANSWER TWO COMPULSORY QUESTIONS SECTION B: ANSWER ONE QUESTION SECTION C: ANSWER ONE QUESTION Please answer each question on a SEPARATE PAGE The use of College calculators is permitted No credit will be given for attempting any further questions. © Royal Holloway University of London 2010
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Page 2 of 9 2009-10 SECTION A – THE TWO QUESTIONS IN THIS SECTION ARE COMPULSORY QUESTION 1 Sanjiv owns a business called DPC Games , which markets computer games. His bookkeeper has prepared the following trial balance for the business for the year ended 31st December 2009. Account Debit £ Credit £ Advertising 40,650 Bad debt provision (balance at 1 Jan 2009) 15,000 Bank interest 25,000 Bank overdraft 126,950 Capital 121,642 Computer equipment (at cost) 175,420 Delivery van (at cost) 9,000 Provision for Depreciation - computer equipment (at I Jan 2009) 115,746 Provision for Depreciation - delivery van (at I Jan 2009) 4,500 Provision for Depreciation - fixtures & fittings (at 1 Jan 2009) 8,592 Debenture Interest 25,987 Discounts received 12,058 Drawings 36,000 Electricity 2,640 Fixtures & fittings (at cost) 12,650 Insurance 4,589 Long term debenture loan 250,000 Petrol 356 Printing & stationery 5,487 Purchases 1,084,879 Rent 15,000 Sales of software 1,452,650 Sales returns 23,650 Staff costs 98,754 Stock (at I Jan 2009) 356,987 Telephone & postage 6,924 Trade Payables 142,650 Trade Receivables 359,800 Uniform business rates 3,000 VAT 36,985 2,286,773 2,286,773 Sanjiv has given you the following additional information. NEXT PAGE
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This note was uploaded on 03/28/2011 for the course MN 1015 taught by Professor Evangelos during the Spring '08 term at Royal Holloway.

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mn1041-10 - mn1041-10 Important Copyright Notice This exam...

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