2017 7175 GCE O Level POA Suggested Solutions

Hey folks!
The solutions are out! This year predictions are pretty on point. 2 misses though.
Download the solutions with the button here
After hearing that Miss Loi’s Joss Sticks website crashed even before E MathsPaper 2 solutions were out, I wondered if we had to do backups to avoid the same fate… except that I’m reminded that POA is taken by only approximately 20% of the cohort. 😉 So I have 1/5 the same risk. 😉 The…
“Not everything that can be counted counts, and not everything that counts can be counted.” Albert Einstein, physicist (1879 – 1955) The principle of monetary concept states that anything which cannot be measured in monetaryterms will not be considered as a part of the accounting data. While accounting captures the numerical performance of a business,…
There are several methods of depreciation used across different financial reporting standards around the world. For the 7175 and 7088 GCE O/N Level Syllabus, we focus on two specific methods: 1. Straight Line Method (SLM) 2. Reducing Balance Method (RBM) Methods Advantages Disadvantages Effect on Net Profit Straight Line Method a. Dep = (HC-SV) Useful…
Hi there! For those who have put in your fair share of labor, I hope today’s paper was easy for you. 🙂 This year, we have a lag with sources for Paper 1. We will put up the suggested solutions for P1 ASAP. If you are looking for it, head straight below, read the FAQ…
The GCE N’ Levels Principles of Accounts was over yesterday! Good news for our friends who are not taking O Level Emaths & D&T – happy holidays! It was an intensive weekend for my students and I as we racked our brains over the POA crash course from Friday to Sunday. We identified several questions…
How suitable the depreciation method is on an asset depends on how well it reflects the economic reality of the utility of the business’ assets. In the real world, screw it. Straight Line Method is used for its simplicity. 🙂
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I will be back soon