Autumn iRevise Online Tutorial Series 31st of August to 5th of December

2006 Accounting Ordinary Level Marking Scheme

Leaving Certificate Accounting - Ordinary Level - 2006

Question 1

(a) 80

KILROY Ltd

Trading and Profit and Loss Account for the year ended 31 December 2005

Total

Sportswear

Footwear

Total

Sportswear

Footwear

Sales less returns in (900,000 -1,000)

899,000 (5)

540,000 (3)

359,000 (3)

Less Cost of sales

Stock 1/1/2005 101,000 (2)

63,000 (2)

38,000 (2)

Add Purchases 460,000 (3)

320,000 (3)

140,000 (3)

Add Carriage in 2,500 (2)

2,500 (2)

563,500

385,500

178,000

Less Stock 31/12/2005 77,000 (2)

45,000 (2)

32,000 (...

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