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
Gross Profit is calculated by deducting the cost of goods sold from the net sales figure. The calculation of the gross profit takes place in the trading account. Net Profit – the excess of gross profit over expenditure. it is calculated in the profit and loss account by deducting all business expenditures from the gross…
So, a question came in this week over a whatsapp group chat from a Parent: Question: My son got 63/80 for math and 31/40 for FCE… So… He needs to choose between POA and FCE… Is POA very similar to Math? What is a better option for him? POA or FCE???? Caleb: I’ll start with…
Unlike errors made in school homework, bookkeepers cannot undo errors using correction tape. Whenever errors in recording transactions occurs, bookkeepers will use correcting double entries to make right the errors. Correction of Errors The trial balance is designed to detect certain errors and not others. In this article, we look at two types of errors:…
*CROWD SOURCE SOLUTIONS* Congrats on finishing the 2019 GCE O Level Principles of Accounts Paper 1!Every year, with the help of some of my students, I’ll put up the Paper 2 solutions within hours after the paper. For Paper 1, the paper itself is submitted for marking – which leaves me with no reference to…
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…
image: Class in accounting at Mary (sic) Morrison Carnegie School, Pittsburgh, PA Heyo N Levelers! Congratulations on completing your entire N Level exams! Every year, I try out the N Level papers for my students and since I’m doing that, I thought it’d be fun to hear your views and responses. This year’s paper is amazingly…
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