CSEC POA case studies
CSEC POA · Put your knowledge to work in context.
The Caribbean Secondary Education Certificate (CSEC) Principles of Accounts is a qualification offered by the Caribbean Examinations Council (CXC®), a regional examinations body with headquarters in Barbados. It is designed for secondary school students in the Caribbean who are completing their secondary education. The exam assesses knowledge of accounting fundamentals and the accounting cycle, books of original entry and ledger accounting, trial balance, correction of errors and control accounts, financial statements of sole traders and adjustments, and accounting for partnerships, companies, clubs and non-profit organisations. Assessment includes multiple-choice questions and a School-Based Assessment (SBA) component. The CSEC POA case studies are 5 cases and about 3,152 words.
1Devon's Cycle Repairs: Capital, Revenue, Drawings or Liability?
Devon Ramlogan runs a bicycle repair shop in San Fernando. On 1 January he opened a business bank account with 48,000 of his own money and transferred his van, valued at 36,000, to the business.
635 words, about 3 min2Rampersad Hardware: Choosing the Right Book of Original Entry
Rampersad Hardware is a small building-supply business in Chaguanas. Its bookkeeper, who has no formal training, uses a sales day book, a purchases day book, a sales returns book, a purchases returns book, a three-column cash book and a general journal.
508 words, about 3 min3Nadia Joseph: Reconciling a Suspense Account and Correcting Profit
Nadia Joseph extracts her trial balance at 30 June. Debits total 186,400 and credits 189,390, and the difference is entered in a suspense account.
660 words, about 3 min4Kiran Persaud: Adjusting a Draft Profit Figure
Kiran Persaud owns a variety store. His accountant prepared a draft statement showing a net profit of 58,300 for the year ended 31 December, before the following matters were dealt with.
701 words, about 4 min5A & B Electrical: Interest, Salary and a Partner's Complaint
Ade Mohammed and Bea Charles have traded as A & B Electrical for several years, sharing profits and losses 3:2. Their capital accounts stand at 120,000 (Ade) and 80,000 (Bea); current accounts are 15,000 credit (Ade) and 4,000 debit (Bea).
648 words, about 3 min