Accounting 9706 · AS & A Level · The accounting system

The accounting system — practice question

Zak has not kept complete accounting records for his retail business. He has given the information below for the year ended 31 December 2024.
(a)[4]

Calculate the revenue earned for the year ended 31 December 2024.

(b)[4]

Calculate the amount due from credit customers at 31 December 2024.

(c)[2]

Identify two ways of strengthening credit control, other than allowing a cash discount.

(d)[2]

State two advantages of improving credit control.

(e)[3]

State three ways in which data security can be maintained in a computerised accounting system.

Worked solution & mark scheme

This 15-mark question has a full step-by-step worked solution and mark scheme. One marking point: Cost of sales works out at $79 200

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI