LGCSE Accounting (0187) case studies
LGCSE Accounting (0187) · Put your knowledge to work in context.
LGCSE Accounting (0187) is a school-level qualification in bookkeeping and financial reporting, taken by learners who are usually in the mid-years of secondary schooling and who want a formal, externally marked record of their accounting ability. It suits candidates aiming at further study in accounting, business or finance, and it also gives a credible grounding for anyone who will keep books in a family business or move into entry-level finance work. The syllabus moves from the ideas underneath double entry - business entity, going concern, accruals, prudence - through books of prime entry, ledgers, trial balance and bank reconciliation, into final accounts for sole traders, then partnerships and limited companies, and finishes with ratio analysis and interpretation. Assessment mixes multiple-choice items with structured questions that require you to build a ledger account, correct an error, or prepare a statement from a set of balances, so accuracy and layout both earn marks. The LGCSE Accounting (0187) case studies are 5 cases and about 2,816 words.
1The Van That Was Treated as Revenue
Maya runs a small delivery business as a sole trader. On 1 March her trial balance showed motor vehicles at cost 18,000 with accumulated depreciation 7,200.
532 words, about 3 min2The Bank Reconciliation That Would Not Balance
Dev's business received its bank statement for May. The cash book showed a debit balance of 3,842.
555 words, about 3 min3Two Partners, One Salary, No Agreement
Asha and Ben formed a partnership on 1 January. They signed no partnership agreement.
593 words, about 3 min4The Company That Capitalised Its Own Advertising
Ridgeway Ltd is a small private company. Its draft income statement for the year shows revenue 640,000, cost of sales 410,000, and administrative expenses 96,000, giving an operating profit of 134,000.
530 words, about 3 min5The Shop That Grew Too Fast
Nadia's stationery shop has the following summarised figures: Year 1 Year 2 --- --- --- Revenue 180,000 300,000 Gross profit 54,000 78,000 Profit for the year 14,400 12,000 Inventory 22,000 58,000 Trade receivables 15,000 60,000 Trade payables 18,000 24,000 Bank 9,000 (Dr) 6,000 (Cr) Nadia is baffled: sales are up 67% but profit has fallen. She has not changed her selling prices or her mark-up policy.
606 words, about 3 min