ad11-introduction-to-financial-accounting-pilot-paper
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DATE 06 Dec 2025
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About This Document
Document Type: This is a Study Notes, designed for Reviewing core curriculum material.
Context: Standard material from the 2021 academic period.
Key Content: Likely covers essential definitions, structured questions to test your proficiency.
Study Strategy: Summarize these notes into flashcards or mind maps to aid active recall and long-term retention.
Recommendation: comprehensive resource for students aiming to deepen their understanding of General Studies.
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This notes resource titled "ad11-introduction-to-financial-accounting-pilot-paper" contains valuable educational content for academic study and reference. This resource is structured to facilitate effective learning and retention of important information.
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Detailed Summary
ATD LEVEL I PILOT PAPER INTRODUCTION TO FINANCIAL ACCOUNTING December 2021. Marks allocated to each question are shown at the end of the question. QUESTION ONE (a) Highlight four source documents used in accounting. (4 marks) (b) Describe three external users of accounting information indicating the information needs for each user. (6 marks) (c) Discuss five disadvantages of a sole proprietorship as a form of business. “000” 3,960 3,800 9,500 w Trade receivables and trade payables General reserves (I January 2020) Gross profit for the period Inventories (31 December 2020) Ordinary share capital 10% preference capital Bad debts written off Salaries and wages Furniture and fittings (Cost Sh. 7million) Land at cost Revenue reserves (I January 2020) Directors fees Cash balance 12% Debentures Discounts Allowed and Discounts received Allowance for doubtful debts Debenture interest paid Rental income Interim preference dividends paid Interim ordinary dividends paid Corporation tax paid Prepaid director fees Accrued rental income Debit Sh. “000” 4,500 ke QUESTION TWO The following balances were extracted from the books of Mzalendo Ltd as at 31 December 2020: 7,000 2,000 2,100 3,000 85 400 800 32,645 Additional information: 1.
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ATD LEVEL I PILOT PAPER INTRODUCTION TO FINANCIAL ACCOUNTING December 2021. Time Allowed: 3 hours. Answer ALL questions. Marks allocated to each question are shown at the end of the question. Show ALL your workings. QUESTION ONE (a) Highlight four source documents used in accounting. (4 marks) (b) Describe three external users of accounting information indicating the information needs for each user. (6 marks) (c) Discuss five disadvantages of a sole proprietorship as a form of business. (10 mark...
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