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2021 GCE O Level Paper 1 Solutions (7087 and 7175)
2021 O Level POA Paper 1 Answers is LIVE now. Thanks to the contributions from Redditors and students from Master Principles of Accounts. 7087 POA Paper 1 (New Syllabus) This is the first year the 7087 Principles of Accounts syllabus is being tested. Overall, very similar to the preceding year’s topic and question style with…
2021 O Level POA Answers
Paper 1 : Paper 2 :
2020 O Level POA Answers 7087
Paper 1 : Paper 2 :
Capital and Revenue Expenditure
Key Takeways: • define capital and revenue expenditure • distinguish between capital and revenue expenditure • classify accounting transactions as capital and revenue expenditure • analyse the effects of differences in classification and treatments of capital and revenue expenditure on profit/loss for the period and non-current assets Source: 7087_y22_sy Principles of Accounts O-Level for 2022 (seab.gov.sg) Definition and differences…
2021 7087 GCE O Level Paper 2 Specimen Paper Answers
The 7087 GCE O Level Principles of Accounts POA Specimen Paper 2 can be accessed here. 1a) XY Pte Ltd Statement of Financial Performance for the year ended 31 July 2020 $ $ Sales revenue 325,000 Less: Sales returns 2,400 Net sales revenue 322,600 Less: Cost of sales 94300 Gross profit 228,300 Add:Other income Rent…
