Paper 2 · Final accounts of a sole trader

In S. Kamwendo's Statement of Financial Position as at 31 December 2009, the non-current assets were Equipment (net book value $43 740) and Motor vehicles (net book value$ 4 800). What was the total net book value of non-current assets?

Model answer

$48 540

Also accepted: 48540, 48 540

Explanation:

43 740 +

4 800 = $48 540.

Derived from ZIMSEC Principles of Accounts 7112/2 Paper 2, June 2014, Q1

Get the full paper, not just one question

Danho has every sitting for this paper, with your progress tracked question by question, offline.