CAT T3 T4 examination

Paper3
Section A
*20 Question Objectives.

Section B
Question 1:
a. Reason non current asset register
b. Given 4 objectives for useful financial information - relevant, comparability...etc
c. Explain the term 'Gross Profit margin' and 'mark up'
d. Purpose of control accounts

Question 2:
Given Trial Balance.
Find accruals, prepayment, depreciation charges, gross and net profit.

Question 3:
Partners total and Current account

Question 4:
Bank Reconciliation

Paper 4
Section A
20 Question objectives

Question 1:
a.
b. Explain about Net Present Value - how? what? When?
c. IRR - draw graph. Ans: 16% approx(i think)

Question 2:
Stock Valuation
a.
b. Find EOQ, Reorder level, Annual ordering cost, annual holding cost

Question 3:
*a. Contribution/sales ratio - 32% OR 0.4 (only estimation,no exact ans)
b. Contribution per unit

Question 4:
a. Service overhead apportion
b. OAR x Actual hours = Budgeted Overhead
ans: P1 & P3= over absorbed p2=under absorbed

Paper 5
TOMORROW...Good luck everyone...GOD speed for last minute revision...haha