MAURITIUS EXAMINATIONS

SYNDICATE

NATIONAL CERTIFICATE

OF EDUCATION

BUSINESS & ENTREPRENEURSHIP

EDUCATION

Specimen paper for first assessment in October 2020

Let the mind manage the bodyQue l’esprit gère le corps

MES

Mens Gerat Corpus

i

Acknowledgements

The MES would like to place on record its gratitude and appreciation to all those who contributed to the

development of the specimen assessment materials - Educators (from the mainstream and extended

stream), academics from the MIE , the University of Mauritius and the Open University, representatives

of the Ministry of Education and HR, TE and SR and representatives of recognized unions - who, at

different stages in the development of the assessment, have been members of technical committees,

validation committees and Secondary School Examination Committees that were set up by the MES.

We are also grateful to the Rectors, Educators and students who took part in the trialling process of the

specimen papers. The contribution of all these stakeholders provided us with vital information and

feedback which fed into the production of the specimen papers.

ii

1. Background

At the end of the Nine-Year-Continuous-Basic-Education (NYCBE) cycle, all students from the Regular

and Extended programmes take the National Certificate of Education (NCE) Assessment. This

assessment is in line with the philosophy defined in the National Curriculum Framework (NCF) Grades

7, 8 and 9 (MIE, 2016)1 and the learning outcomes detailed in the Teaching and Learning Syllabus

(MIE, 2017)2.

The assessment will be carried out in the following subjects:

English

Mathematics

French

Science

Information and Communication Technology

Technology Studies

Business and Entrepreneurship Education (BEE)

Social and Modern Studies (SMS)

Art and Design

An optional core subject (Asian Languages, Arabic and Kreol Morisien, if chosen by the

candidate)

A 7-point Grading structure will be used in each subject, as illustrated below:

Numerical Grade Marks

1 85 and above

2 75 and above but below 85

3 65 and above but below 75

4 55 and above but below 65

5 45 and above but below 55

6 35 and above but below 45

7 Less than 35

1 Mauritius Institute of Education, 2016, National Curriculum Framework Nine-Year Continuous Basic Education Grades 7, 8 & 9, Republic of Mauritius. 2 Mauritius Institute of Education, 2017, National Curriculum Framework Nine-Year Continuous Basic Education Syllabus Grades 7, 8 & 9, Republic of Mauritius.

i

Acknowledgements

The MES would like to place on record its gratitude and appreciation to all those who contributed to the

development of the specimen assessment materials - Educators (from the mainstream and extended

stream), academics from the MIE , the University of Mauritius and the Open University, representatives

of the Ministry of Education and HR, TE and SR and representatives of recognized unions - who, at

different stages in the development of the assessment, have been members of technical committees,

validation committees and Secondary School Examination Committees that were set up by the MES.

We are also grateful to the Rectors, Educators and students who took part in the trialling process of the

specimen papers. The contribution of all these stakeholders provided us with vital information and

feedback which fed into the production of the specimen papers.

ii

1. Background

At the end of the Nine-Year-Continuous-Basic-Education (NYCBE) cycle, all students from the Regular

and Extended programmes take the National Certificate of Education (NCE) Assessment. This

assessment is in line with the philosophy defined in the National Curriculum Framework (NCF) Grades

7, 8 and 9 (MIE, 2016)1 and the learning outcomes detailed in the Teaching and Learning Syllabus

(MIE, 2017)2.

The assessment will be carried out in the following subjects:

English

Mathematics

French

Science

Information and Communication Technology

Technology Studies

Business and Entrepreneurship Education (BEE)

Social and Modern Studies (SMS)

Art and Design

An optional core subject (Asian Languages, Arabic and Kreol Morisien, if chosen by the

candidate)

A 7-point Grading structure will be used in each subject, as illustrated below:

Numerical Grade Marks

1 85 and above

2 75 and above but below 85

3 65 and above but below 75

4 55 and above but below 65

5 45 and above but below 55

6 35 and above but below 45

7 Less than 35

1 Mauritius Institute of Education, 2016, National Curriculum Framework Nine-Year Continuous Basic Education Grades 7, 8 & 9, Republic of Mauritius. 2 Mauritius Institute of Education, 2017, National Curriculum Framework Nine-Year Continuous Basic Education Syllabus Grades 7, 8 & 9, Republic of Mauritius.

iii

2. Purpose of the NCE Assessment

The main purpose of the NCE Assessment is to measure and certify learning that has taken place at

the end of the NYCBE cycle. The information gathered from the assessment will be used for

Certification Meeting the minimum requirements on the NCE assessment (see the Award Rules in the Annual

Programme) will lead to the candidate being conferred an NCE certificate which will be

recognised at Level 2 on the National Qualifications Framework.

Promotion to Grade 10 Assessment results from the NCE will guide schools in determining whether students get

promoted to Grade 10.

Orientation The NCE assessment will provide information to guide students as to whether they want to

continue in the general or in the technical/vocational stream. Within the general stream, it may

guide students in their choice of subjects as from Grade 10.

Admission to academies.

Performance in the NCE Assessment will determine whether candidates are admitted to

academies. The following extract from the Education Act indicates the criteria for admission to

academies:

Priority of admission to Grade 10 in an Academy shall be determined on the basis of the grade

aggregate and the relative performance of the eligible pupil in the best 8 core subjects, including

English, French and Mathematics, at the NCE assessment and the choice of the responsible

party specified in paragraph (1).

iv

3. Guiding principles in Assessment

A number of key principles of assessment guided the development of the NCE assessment.

I. Validity

Validity is a central concept in assessment. In simple terms, it refers to the extent to which an

assessment measures what it is supposed to be measuring. Validity also refers to the extent to which

the assessment is providing evidence of candidates’ achievement levels. An assessment is considered

valid if it meets its purposes (Edwards et al., 2018)3.

II. Reliability Reliability, another crucial concept in assessment, refers to producing reliable, stable and consistent

results over time. Ensuring reliability requires clear and consistent processes for the setting, marking

and grading of the NCE assessment.

III. Impact

The NCE Assessment aims at having positive effects on teaching and learning with positive washback

into the curriculum and into the educational system. An important consideration during the development

of this assessment was the potential impact that it would have on the life chances of candidates,

allowing for maximum inclusion and retention of students in the system while maintaining standards.

IV. Fairness

Needs and characteristics of learners were considered in the design of the NCE assessment so as not

to disadvantage any group or individual. Care has been taken to minimise cultural and gender biases

and to accommodate the different abilities and the social, cultural and linguistic backgrounds of

candidates.

3 Edwards, M.C., Slagle, A., Rubright, J.D. and Wirth, R.J., 2018. Fit for purpose and modern validity theory in clinical outcomes assessment. Quality of Life Research, 27(7), pp.1711-1720

iii

2. Purpose of the NCE Assessment

The main purpose of the NCE Assessment is to measure and certify learning that has taken place at

the end of the NYCBE cycle. The information gathered from the assessment will be used for

Certification Meeting the minimum requirements on the NCE assessment (see the Award Rules in the Annual

Programme) will lead to the candidate being conferred an NCE certificate which will be

recognised at Level 2 on the National Qualifications Framework.

Promotion to Grade 10 Assessment results from the NCE will guide schools in determining whether students get

promoted to Grade 10.

Orientation The NCE assessment will provide information to guide students as to whether they want to

continue in the general or in the technical/vocational stream. Within the general stream, it may

guide students in their choice of subjects as from Grade 10.

Admission to academies.

Performance in the NCE Assessment will determine whether candidates are admitted to

academies. The following extract from the Education Act indicates the criteria for admission to

academies:

Priority of admission to Grade 10 in an Academy shall be determined on the basis of the grade

aggregate and the relative performance of the eligible pupil in the best 8 core subjects, including

English, French and Mathematics, at the NCE assessment and the choice of the responsible

party specified in paragraph (1).

iv

3. Guiding principles in Assessment

A number of key principles of assessment guided the development of the NCE assessment.

I. Validity

Validity is a central concept in assessment. In simple terms, it refers to the extent to which an

assessment measures what it is supposed to be measuring. Validity also refers to the extent to which

the assessment is providing evidence of candidates’ achievement levels. An assessment is considered

valid if it meets its purposes (Edwards et al., 2018)3.

II. Reliability Reliability, another crucial concept in assessment, refers to producing reliable, stable and consistent

results over time. Ensuring reliability requires clear and consistent processes for the setting, marking

and grading of the NCE assessment.

III. Impact

The NCE Assessment aims at having positive effects on teaching and learning with positive washback

into the curriculum and into the educational system. An important consideration during the development

of this assessment was the potential impact that it would have on the life chances of candidates,

allowing for maximum inclusion and retention of students in the system while maintaining standards.

IV. Fairness

Needs and characteristics of learners were considered in the design of the NCE assessment so as not

to disadvantage any group or individual. Care has been taken to minimise cultural and gender biases

and to accommodate the different abilities and the social, cultural and linguistic backgrounds of

candidates.

3 Edwards, M.C., Slagle, A., Rubright, J.D. and Wirth, R.J., 2018. Fit for purpose and modern validity theory in clinical outcomes assessment. Quality of Life Research, 27(7), pp.1711-1720

v

4. The Business and Entrepreneurship Education (BEE) Curriculum

The BEE Curriculum comprises three distinct and key academic subjects namely Economics, Business

& Enterprise and Accounting. In Grade 9, Economics, Business & Entrepreneurship will be taught in an

integrated manner. However, Accounting will be taught as a stand-alone subject.

5. The Business and Entrepreneurship Education (BEE) Syllabus

The BEE syllabus aims to equip learners progressively over the years with content that would shape

them with skills-based knowledge in business and acumen to understand the business environment in

which they are evolving. The BEE syllabus comprises 13 content areas as follows:

Unit 1 Business organisations

Unit 2 The entrepreneur as a leader

Unit 3 Entrepreneurial skills

Unit 4 Marketing

Unit 5 Business plan

Unit 6 Demand and supply

Unit 7 Money and banking

Unit 8 Spending, savings and borrowing

Unit 9 International trade

Unit 10 Recording business transactions in the ledger, Balancing off accounts

Unit11 Trial Balance

Unit 12 Income Statement

Unit 13 Statement of Financial Position

vi

6. Population of Candidates

The paper has been designed bearing in mind the profile of candidates who will be taking the NCE

assessment. While aiming at maintaining the standard required for a Grade 9 paper, the paper also

gives sufficient opportunities to students from all ability groups to work through. At the higher-end, the

paper also contains some items which would stretch the ability of candidates and where they will be

able to show their mastery of BEE skills at Grade 9 level.

7. Purpose of Assessment in Business and Entrepreneurship Education

The purpose of the assessment in BEE is to measure the learning achievements of Grade 9 learners

in the development of knowledge, skills and competencies through an interdisciplinary approach in the

context of the Nine Year Continuous Basic Education.

7.1 What will be assessed and how?

Assessment of candidates’ achievement in Business and Entrepreneurship Education will be based on

the Expected Learning Outcomes stated in the National Curriculum Framework (NCF) Grades 7, 8 & 9

(MIE/ MOE & HR, TE & SR, 2016) and detailed in the BEE: Teaching and Learning Syllabus Grades

7, 8 & 9 (MIE, 2017). Assessment will be based on the learning outcomes of Grade 9 syllabus only. 7.2 Aims of the NCE Assessment in BEE are to ensure that learners are able to:

1. understand and assess the contribution of businesses and how the main types of businesses

are organized, financed and operated in Mauritius and the global economy;

2. recall and use relevant basic terminologies, concepts and principles related to business &

enterprise, economics and accounting and apply them in their current environment;

3. recognise the characteristics of an entrepreneur as a leader;

4. demonstrate critical thinking, communication skills and creative/ innovative entrepreneurial

skills within the context of a business;

5. demonstrate basic numeracy and literacy skills related to Economics, Business & Enterprise

and Accounting;

6. demonstrate problem solving and decision-making skills needed to propose solutions in matters

related to the setting and managing of enterprises.

vi

6. Population of Candidates

The paper has been designed bearing in mind the profile of candidates who will be taking the NCE

assessment. While aiming at maintaining the standard required for a Grade 9 paper, the paper also

gives sufficient opportunities to students from all ability groups to work through. At the higher-end, the

paper also contains some items which would stretch the ability of candidates and where they will be

able to show their mastery of BEE skills at Grade 9 level.

7. Purpose of Assessment in Business and Entrepreneurship Education

The purpose of the assessment in BEE is to measure the learning achievements of Grade 9 learners

in the development of knowledge, skills and competencies through an interdisciplinary approach in the

context of the Nine Year Continuous Basic Education.

7.1 What will be assessed and how?

Assessment of candidates’ achievement in Business and Entrepreneurship Education will be based on

the Expected Learning Outcomes stated in the National Curriculum Framework (NCF) Grades 7, 8 & 9

(MIE/ MOE & HR, TE & SR, 2016) and detailed in the BEE: Teaching and Learning Syllabus Grades

7, 8 & 9 (MIE, 2017). Assessment will be based on the learning outcomes of Grade 9 syllabus only. 7.2 Aims of the NCE Assessment in BEE are to ensure that learners are able to:

1. understand and assess the contribution of businesses and how the main types of businesses

are organized, financed and operated in Mauritius and the global economy;

2. recall and use relevant basic terminologies, concepts and principles related to business &

enterprise, economics and accounting and apply them in their current environment;

3. recognise the characteristics of an entrepreneur as a leader;

4. demonstrate critical thinking, communication skills and creative/ innovative entrepreneurial

skills within the context of a business;

5. demonstrate basic numeracy and literacy skills related to Economics, Business & Enterprise

and Accounting;

6. demonstrate problem solving and decision-making skills needed to propose solutions in matters

related to the setting and managing of enterprises.

vii

7.3 Assessment Objectives for BEE

The assessment objectives describe the knowledge, skills and competencies that candidates are

expected to demonstrate in respect of key concepts in BEE. Candidates will be assessed on their

ability to analyse and discuss business and entrepreneurial activities. Candidates should also be able

to demonstrate simple skills relevant to the setting up of and managing an enterprise.

Candidates will be assessed according to four Assessment Objectives (AOs). These are:

• AO1: Knowledge & Understanding

• AO2: Application

• AO3: Analysis

• AO4: Evaluation

Under AO1, candidates would be expected to demonstrate knowledge and understanding regarding:

Entrepreneurship/ Business/Economics/Accounting terms, facts, concepts, words,

conventions, skills, terminology and definitions;

business management skills and functions.

Under AO2, candidates should demonstrate their ability to:

apply their knowledge and understanding of facts, terms, concepts and techniques with respect

to a particular individual, enterprise or business and country.

Under AO3, candidates should demonstrate their ability to:

analyse the key factors that cause the success/failure of an enterprise;

order, analyse and interpret information in narrative, numerical and graphical forms using

appropriate techniques;

distinguish between evidence and opinion in a business/enterprise context;

analyse data and information.

Under AO4, candidates should demonstrate their ability to:

use their knowledge and skills to evaluate situations and problems related to a particular

individual, business/enterprise or country;

present reasoned explanations and understand implication of business decisions;

solve problems, make judgements and decisions.

viii

Weighting of AOs

The table below gives a breakdown of the weighting allocated to the different learning areas.

Learning Area Weighting

Knowledge and Understanding 50 %

Application 20%

Analysis 20%

Evaluation 10%

8. Paper Description The BEE specimen paper comprises two sections;

Section A (Business/ Enterprise/ Economics) and

Section B (Accounting).

Section A comprises 5 questions and Section B 3 questions with sub-parts presented in a graded

fashion in terms of difficulty level. Candidates are required to answer all the questions from both

sections. A range of different types of questions have been set which include Multiple Choice Items,

Matching, Fill in the blanks, Alternative Response (True/False items) and Open-ended questions based

on contextualized case scenarios.

The paper is of a duration of 2 hours and carries a total of 100 marks. Section A carries 65 marks and

Section B 35 marks. Candidates are advised to spend about 80 minutes in Section A and about 40

minutes in Section B.

As per the Ministry’s guidelines, to ensure that all candidates are given a fair chance of showing they

have acquired the necessary knowledge skills and competencies, this paper contains about 50% of

marks allocated to items which are considered to be at basic level, 20% to items considered at

intermediate level and 30% of items at proficient level.

vii

7.3 Assessment Objectives for BEE

The assessment objectives describe the knowledge, skills and competencies that candidates are

expected to demonstrate in respect of key concepts in BEE. Candidates will be assessed on their

ability to analyse and discuss business and entrepreneurial activities. Candidates should also be able

to demonstrate simple skills relevant to the setting up of and managing an enterprise.

Candidates will be assessed according to four Assessment Objectives (AOs). These are:

• AO1: Knowledge & Understanding

• AO2: Application

• AO3: Analysis

• AO4: Evaluation

Under AO1, candidates would be expected to demonstrate knowledge and understanding regarding:

Entrepreneurship/ Business/Economics/Accounting terms, facts, concepts, words,

conventions, skills, terminology and definitions;

business management skills and functions.

Under AO2, candidates should demonstrate their ability to:

apply their knowledge and understanding of facts, terms, concepts and techniques with respect

to a particular individual, enterprise or business and country.

Under AO3, candidates should demonstrate their ability to:

analyse the key factors that cause the success/failure of an enterprise;

order, analyse and interpret information in narrative, numerical and graphical forms using

appropriate techniques;

distinguish between evidence and opinion in a business/enterprise context;

analyse data and information.

Under AO4, candidates should demonstrate their ability to:

use their knowledge and skills to evaluate situations and problems related to a particular

individual, business/enterprise or country;

present reasoned explanations and understand implication of business decisions;

solve problems, make judgements and decisions.

viii

Weighting of AOs

The table below gives a breakdown of the weighting allocated to the different learning areas.

Learning Area Weighting

Knowledge and Understanding 50 %

Application 20%

Analysis 20%

Evaluation 10%

8. Paper Description The BEE specimen paper comprises two sections;

Section A (Business/ Enterprise/ Economics) and

Section B (Accounting).

Section A comprises 5 questions and Section B 3 questions with sub-parts presented in a graded

fashion in terms of difficulty level. Candidates are required to answer all the questions from both

sections. A range of different types of questions have been set which include Multiple Choice Items,

Matching, Fill in the blanks, Alternative Response (True/False items) and Open-ended questions based

on contextualized case scenarios.

The paper is of a duration of 2 hours and carries a total of 100 marks. Section A carries 65 marks and

Section B 35 marks. Candidates are advised to spend about 80 minutes in Section A and about 40

minutes in Section B.

As per the Ministry’s guidelines, to ensure that all candidates are given a fair chance of showing they

have acquired the necessary knowledge skills and competencies, this paper contains about 50% of

marks allocated to items which are considered to be at basic level, 20% to items considered at

intermediate level and 30% of items at proficient level.

ix

9. The Specimen Assessment Booklet

The BEE specimen paper Booklet contains the following:

Explanatory Notes (including the Blueprint)

The Specimen Assessment Paper

The Specimen Mark Scheme

10. The Blueprint

Based on the above framework, the Specimen Paper has been developed using a blueprint. The

blueprint is annexed to this document. It gives useful information to enable teachers to understand that

a question paper is based on a sample of learning outcomes and that different question formats may

be used to assess learning outcomes at different levels.

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ix

9. The Specimen Assessment Booklet

The BEE specimen paper Booklet contains the following:

Explanatory Notes (including the Blueprint)

The Specimen Assessment Paper

The Specimen Mark Scheme

10. The Blueprint

Based on the above framework, the Specimen Paper has been developed using a blueprint. The

blueprint is annexed to this document. It gives useful information to enable teachers to understand that

a question paper is based on a sample of learning outcomes and that different question formats may

be used to assess learning outcomes at different levels.

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© MAURITIUS EXAMINATIONS SYNDICATE

Index Number: ..............................................................................

NATIONAL CERTIFICATE OF EDUCATIONSpecimen paper for first assessment in October 2020

BUSINESS & ENTREPRENEURSHIP EDUCATION (N 560)TIME: 2 HOURS

1. Write your Index Number in the space provided above.

2. The paper consists of Section A and Section B.

Answer all questions from both sections.

3. Write in dark blue or black ink.

4. All answers must be written in the spaces provided.

5. You may use a soft pencil for any diagrams, graphs or rough working.

6. Do not use correction fluid.

7. The total number of marks for this paper is 100.

The number of marks is given in brackets for each question or part question.

8. Check that this assessment booklet consists of 8 questions printed on 18 pages from

pages 2 to 19.

9. Any discrepancy in the document must be immediately notified to the invigilator.

READ THESE INSTRUCTIONS FIRST

Let the mind manage the bodyQue l’esprit gère le corps

MES

Mens Gerat Corpus

2

SECTION A – Business / Enterprise / Economics Answer ALL questions (65 marks)

QUESTION 1 A (10 marks) Circle the correct answer as shown in the example. Example: Alex enjoys gardening. Which one of the following will be a suitable business

idea for him?

A Baker B Farmer

C Painter D Singer

1. Which one of the following documents specifies the internal rules of a company?

A Articles of Association B Memorandum of Association

C Certificate of Registration D Certificate of Incorporation 2. Which one of the following stakeholders regulates and monitors the running of

businesses?

A Employees B Government C Customers D Suppliers

3. Which one of the following is an example of an internal form of communication?

A Sending quotations to customers

B Giving an interview on TV

C Using a billboard to advertise products

D Sending emails to workers

A A

2

SECTION A – Business / Enterprise / Economics Answer ALL questions (65 marks)

QUESTION 1 A (10 marks) Circle the correct answer as shown in the example. Example: Alex enjoys gardening. Which one of the following will be a suitable business

idea for him?

A Baker B Farmer

C Painter D Singer

1. Which one of the following documents specifies the internal rules of a company?

A Articles of Association B Memorandum of Association

C Certificate of Registration D Certificate of Incorporation 2. Which one of the following stakeholders regulates and monitors the running of

businesses?

A Employees B Government C Customers D Suppliers

3. Which one of the following is an example of an internal form of communication?

A Sending quotations to customers

B Giving an interview on TV

C Using a billboard to advertise products

D Sending emails to workers

A A

3

4. Figure 1 shows the process of effective communication.

Figure 1: The communication process

Which one of the following is the appropriate word for X in Figure 1?

A Feedback B Transmitter

C Recipient D Language

5. Figure 2 below illustrates the four elements of marketing (4 Ps).

Figure 2: Elements of marketing: 4 Ps Which one of the following correctly describes the 4 Ps?

A Product - Promotion - Price - Planning

B Product - Promotion - Partnership - Place

C Product - Price - Promotion - Place

D Product - Price - Production - Place

X

4

6. Figure 3 below shows the quantity of toys supplied by an entrepreneur at different

prices.

Price of toys (Rs)

Figure 3: Supply curve for toys What will be the quantity of toys supplied when the price is Rs 4?

A 10 units B 20 units

C 30 units D 40 units

7. The willingness and ability of customers to pay a given price for a good or service over a

given period of time is known as _____________________ .

A needs B wants

C effective demand D law of demand

8. Which one of the following is a characteristic of money? A Store of value B Indivisibility

C Unit of account D Durability 9. Part of the income that is kept for future use is known as __________________.

A loan B borrowing

C saving D investment

Quantity of toys (Units)

4

6. Figure 3 below shows the quantity of toys supplied by an entrepreneur at different

prices.

Price of toys (Rs)

Figure 3: Supply curve for toys What will be the quantity of toys supplied when the price is Rs 4?

A 10 units B 20 units

C 30 units D 40 units

7. The willingness and ability of customers to pay a given price for a good or service over a

given period of time is known as _____________________ .

A needs B wants

C effective demand D law of demand

8. Which one of the following is a characteristic of money? A Store of value B Indivisibility

C Unit of account D Durability 9. Part of the income that is kept for future use is known as __________________.

A loan B borrowing

C saving D investment

Quantity of toys (Units)

5

10. Mauritius buys potatoes from Madagascar. The exchange of goods between countries is

known as ___________________ .

A international trade B home trade

C internal trade D export trade

QUESTION 1 B (5 marks) Fill in the blanks with a suitable word from the list given below. An example is given.

spending decrease central increase

communication commercial marketing planning

Example: An entrepreneur uses his/her communication skills to liaise effectively with different

stakeholders of his/her business.

1. The role of ___________________ is to ensure that the product of a business meets

customers’ needs.

2. A fall in population may ___________________ the demand for housing.

3. The organisation responsible for the issue of notes and coins in a country is the

__________________ bank.

4. The process of choosing a business idea, setting objectives and anticipating risks is

known as___________________ .

5. Paying out money to buy or hire goods and services is known as __________________ .

POTATOES

Mauritius

Madagascar

6

QUESTION 1 C (8 marks)

Match each term to its definition / description. Write your answers in the table below. The first one has been done for you.

Terms Definitions / Descriptions

1 Factory A Selling goods and services to foreign countries.

2 Franchisor B Informing consumers about a product or service

or persuading them to buy it.

3 Market C A place where goods are manufactured.

4 Commercial bank D Buying and selling of products.

5 Money E A place where buyers and sellers interact to

exchange goods and services against payment.

6 Trade F A tax to be paid on an imported good.

7 Exports G Anything generally acceptable as a medium of

exchange against goods and services.

8 Business plan H A firm that gives the right to another firm to use

its brand name in return for a licence fee.

9 Advertising I An institution which receives deposits.

J A document providing detailed information about

the activities that an enterprise intends to do.

Term 1 2 3 4 5 6 7 8 9

Definition C

6

QUESTION 1 C (8 marks)

Match each term to its definition / description. Write your answers in the table below. The first one has been done for you.

Terms Definitions / Descriptions

1 Factory A Selling goods and services to foreign countries.

2 Franchisor B Informing consumers about a product or service

or persuading them to buy it.

3 Market C A place where goods are manufactured.

4 Commercial bank D Buying and selling of products.

5 Money E A place where buyers and sellers interact to

exchange goods and services against payment.

6 Trade F A tax to be paid on an imported good.

7 Exports G Anything generally acceptable as a medium of

exchange against goods and services.

8 Business plan H A firm that gives the right to another firm to use

its brand name in return for a licence fee.

9 Advertising I An institution which receives deposits.

J A document providing detailed information about

the activities that an enterprise intends to do.

Term 1 2 3 4 5 6 7 8 9

Definition C

7

QUESTION 2 (10 marks)

Zoya and Ken want to be entrepreneurs. (a) (i) By choosing the appropriate words from the list given below, complete Figure 4 to show

the basic functions they should perform as entrepreneurs.

Leading Consuming Organising Following

Figure 3: Basic functions of entrepreneurs [2 marks]

Figure 4: Basic functions of entrepreneurs

(ii) Zoya and Ken decide to set up their enterprise as a private limited company.

Tick () the correct boxes to indicate whether each of the following statements about a

private limited company is an advantage or disadvantage to the owners.

Statements about a private limited company Advantage Disadvantage

1. Additional capital can be raised by selling shares to family members.

2. There are many legal formalities when setting up a private limited company.

3. Zoya and Ken will have limited liability.

[3 marks]

Planning

Controlling

Staffing

8

(b) State whether the following are ‘True’ or ‘False’. An example has been done for you.

True / False

Example: A producer usually aims at making maximum profits. True

1. Owners of a cooperative are known as partners.

2. For barter to take place, there should be double coincidence of wants.

3. Commercial banks usually provide advice to customers.

4. The cost of borrowing money is known as dividend.

5. Goods and services bought and sold within a country is known as home trade.

[5 marks] QUESTION 3 (13 marks)

(a) (i) Atish owns a small gift shop in Port Louis. His enterprise is successful as he communicates effectively with different stakeholders. Table 1 shows the different forms of communication used by Atish.

Table 1: Forms of communication with stakeholders

8

(b) State whether the following are ‘True’ or ‘False’. An example has been done for you.

True / False

Example: A producer usually aims at making maximum profits. True

1. Owners of a cooperative are known as partners.

2. For barter to take place, there should be double coincidence of wants.

3. Commercial banks usually provide advice to customers.

4. The cost of borrowing money is known as dividend.

5. Goods and services bought and sold within a country is known as home trade.

[5 marks] QUESTION 3 (13 marks)

(a) (i) Atish owns a small gift shop in Port Louis. His enterprise is successful as he communicates effectively with different stakeholders. Table 1 shows the different forms of communication used by Atish.

Table 1: Forms of communication with stakeholders

9

From Table 1, identify one example of the following forms of communication used by

Atish: Written communication: …………………………………………………………………………..

Verbal communication: …………………………………………………………………………...

Visual communication: ………………………………………………………………………….... [3 marks]

(ii) Atish is planning to open another gift shop in Grand Bay. His friend told him to carry out

a market research before opening this new shop.

Explain two reasons why it is important for Atish to do a market research.

Reason 1: ………………………………………………………………………………………………

……………………………………………………………………………………………………………

……………………………………………………………………………………………………………

Reason 2: ………………………………………………………………………………………………

…………………………………………………………………………………………………………… ……………………………………………………………………………………………………………

[4 marks]

(b) Atish’s friend, Salim, grows and sells carrots. Table 2 shows the demand and supply

schedules for carrots.

Table 2: Demand and supply schedules for carrots

Price per kg (Rs) Quantity demanded per week (kg)

Quantity supplied per week (kg)

10 120 40

20 100 50

30 80 60

40 70 70

50 60 80

60 50 90

70 40 110

10

Use Table 2 to answer questions (i) to (iv) below.

(i) What is the equilibrium price? Explain your answer. ……………………………………………………………………………………………………………

……………………………………………………………………………………………………………

……………………………………………………………………………………………… [2 marks]

(ii) What is the equilibrium quantity?

……………………………………………………………………………………………………………

[1 mark]

(iii) What will be the quantity demanded if the price is Rs 60 per kg?

………………………………………………………………………………………………… [1 mark]

(iv) Price is one factor which affects the supply of carrots. Identify any two other factors

which might influence the supply of carrots.

Factor 1:………………………………………………………………………………………………...

Factor 2:………………………………………………………………………………………………...

[2 marks]

QUESTION 4 (11 marks)

Ah-Moy produces shirts which he sells in his home country. He is now planning to expand his

business and sell his products to foreign countries. To finance the expansion, he needs to

borrow money from a local bank. Before meeting the bank manager, Ah-Moy prepares a

business plan.

(i) Define the term ‘borrowing’.

……………………………………………………………………………………………………………

………………………………………………………………………………………….…… [2 marks]

(ii) Identify one factor that Ah-Moy will consider when borrowing money from the bank.

……………………………………………………………………………………………..… [1 mark]

10

Use Table 2 to answer questions (i) to (iv) below.

(i) What is the equilibrium price? Explain your answer. ……………………………………………………………………………………………………………

……………………………………………………………………………………………………………

……………………………………………………………………………………………… [2 marks]

(ii) What is the equilibrium quantity?

……………………………………………………………………………………………………………

[1 mark]

(iii) What will be the quantity demanded if the price is Rs 60 per kg?

………………………………………………………………………………………………… [1 mark]

(iv) Price is one factor which affects the supply of carrots. Identify any two other factors

which might influence the supply of carrots.

Factor 1:………………………………………………………………………………………………...

Factor 2:………………………………………………………………………………………………...

[2 marks]

QUESTION 4 (11 marks)

Ah-Moy produces shirts which he sells in his home country. He is now planning to expand his

business and sell his products to foreign countries. To finance the expansion, he needs to

borrow money from a local bank. Before meeting the bank manager, Ah-Moy prepares a

business plan.

(i) Define the term ‘borrowing’.

……………………………………………………………………………………………………………

………………………………………………………………………………………….…… [2 marks]

(ii) Identify one factor that Ah-Moy will consider when borrowing money from the bank.

……………………………………………………………………………………………..… [1 mark]

11

(iii) Explain one reason why the Mauritian government encourages entrepreneurs like

Ah-Moy to sell their products to foreign countries.

……………………………………………………………………………………………………………

……………………………………………………………………………………………………………

……………………………………………………………………………………………………………

[2 marks]

(iv) Identify and explain one reason for Ah-Moy to prepare a business plan before meeting

the bank manager. Reason: ………………………………………………………………………………………………...

Explanation:……………………………………………………………………………………………

……………………………………………………………………………………………………………

……………………………………………………………………………………………………………

[3 marks]

(v) The use of technology such as automated machinery, as shown in Figure 5, has allowed

Ah-Moy’s enterprise to reduce its costs of production.

Figure 5: Use of technology

Identify and explain one possible effect of using technology on the supply of shirts.

Effect on supply of shirts:………………………………………………………………… [1 mark]

Explanation:…………………………………………………………………………………...………..

………………………………………………………………………………………………………….…

………………………………………………………………………………………………………….…

[2 marks]

12

QUESTION 5 (8 marks) Jennifer manufactures and sells cocolouda; a drink made with

coconut milk. Recenlty, she has faced a risk due to a lack of

appropriate planning of raw materials. She finds it difficult to

meet the increase in the number of orders. The excess orders

were due to the use of internet (e-marketing) for the marketing

of her cocolouda.

(i) Name the risk faced by Jennifer’s business.

…………………………………………………………………………………………… [1 mark]

(ii) Explain one way in which Jennifer can overcome the risk identified in part (i).

……………………………………………………………………………………………………… ………………………………………………………………………………………………………

[2 marks] (iii) Name one method of e-marketing that Jennifer might have used to promote her product.

…………………………………………………………………………………………… [1 mark]

(iv) Explain one way in which e-marketing is important for Jennifer’s business.

……………………………………………………………………………………….……………… ………………………………………………………………………………………………………. [2 marks]

(v) Jennifer is experiencing conflict with her sales staff regarding long working hours and low

pay. Explain one way in which the conflict can be resolved.

………………………………………………………………………………………………………

………………………………………………………………………………………………………

………………………………………………………………………………………………………

[2 marks]

12

QUESTION 5 (8 marks) Jennifer manufactures and sells cocolouda; a drink made with

coconut milk. Recenlty, she has faced a risk due to a lack of

appropriate planning of raw materials. She finds it difficult to

meet the increase in the number of orders. The excess orders

were due to the use of internet (e-marketing) for the marketing

of her cocolouda.

(i) Name the risk faced by Jennifer’s business.

…………………………………………………………………………………………… [1 mark]

(ii) Explain one way in which Jennifer can overcome the risk identified in part (i).

……………………………………………………………………………………………………… ………………………………………………………………………………………………………

[2 marks] (iii) Name one method of e-marketing that Jennifer might have used to promote her product.

…………………………………………………………………………………………… [1 mark]

(iv) Explain one way in which e-marketing is important for Jennifer’s business.

……………………………………………………………………………………….……………… ………………………………………………………………………………………………………. [2 marks]

(v) Jennifer is experiencing conflict with her sales staff regarding long working hours and low

pay. Explain one way in which the conflict can be resolved.

………………………………………………………………………………………………………

………………………………………………………………………………………………………

………………………………………………………………………………………………………

[2 marks]

13

SECTION B: Accounting Answer ALL questions [35 marks]

QUESTION 6 A (5 marks)

Circle the correct letter as shown in the example.

Example: Activities that take place in a business are called ____________ .

A inflows B capital

C transactions D outflows

1. The double entry system implies that each business transaction affects ____________ .

A one account B two accounts

C three accounts D four accounts

2. ‘Paid sundry expenses by cash’ requires which one of the following entries:

Account Debited Account Credited

A Sundry Expenses Cash

B Purchases Cash

C Cash Purchases

D Cash Sundry Expenses

3. Which one of the following is a list of debit and credit balances?

A Cash Account B Income Statement

C Revenue Account D Trial Balance

4. Gross profit is earned when ________________________ .

A assets exceed liabilities B capital exceeds assets

C revenue exceeds cost of sales D revenue exceeds expenses

C

14

5. Which one of the following is classified under non-current assets in the Statement of

Financial Position?

A Cash B Closing inventory C Loan D Motor vehicle

[5 Marks]

QUESTION 6 B (5 marks)

Match the terms below to their correct definitions / descriptions. Write your answers in the table below. The first one has been done for you.

Insert your answer below:

Term 1 2 3 4 5 6

Definition/ Description F

Terms Definitions / Descriptions

1 Trade receivables A Amount the owner invests in his/her firm.

2 Drawings B What a business owns.

3 Revenue (Sales) C Amount the owner takes from the firm for his/her personal use.

4 Expenses D Total income earned from the sale of goods.

5 Capital E Payments made for the day-to-day running of the business.

6 Assets F Amount owed by credit customers.

G What a business owes.

14

5. Which one of the following is classified under non-current assets in the Statement of

Financial Position?

A Cash B Closing inventory C Loan D Motor vehicle

[5 Marks]

QUESTION 6 B (5 marks)

Match the terms below to their correct definitions / descriptions. Write your answers in the table below. The first one has been done for you.

Insert your answer below:

Term 1 2 3 4 5 6

Definition/ Description F

Terms Definitions / Descriptions

1 Trade receivables A Amount the owner invests in his/her firm.

2 Drawings B What a business owns.

3 Revenue (Sales) C Amount the owner takes from the firm for his/her personal use.

4 Expenses D Total income earned from the sale of goods.

5 Capital E Payments made for the day-to-day running of the business.

6 Assets F Amount owed by credit customers.

G What a business owes.

15

QUESTION 6 C (4 marks)

Fill in the blanks with a suitable word from the list given below. The first one has been done as an example.

balance c/d debit statement of financial position

credit ledger cash transaction

Example: A cash transaction is a transaction that occurs when money is received or paid in

cash immediately.

1. A ________________________ is a book which consists of different accounts. 2. The ________________________ of an account is the difference between the total of

debit entries and the total of credit entries.

3. The ________________________ is a list of assets, liabilities and owner’s capital in an

enterprise at a particular date. 4. Balances of income are entered in the ________________________ column of the trial

balance.

QUESTION 6 D (4 marks) Complete the table below with the ‘Account to be debited’ and the ‘Account to be credited’ for each of the transactions given. The first one has been done for you.

Date 2019

Transaction Account to be debited

Account to be credited

July 1 Started business with Rs 50 000 cash in hand Cash Capital

July 5 Bought goods on credit from PKL Company Ltd Rs 15 000

July 9 Sold goods for cash Rs 25 000

16

QUESTION 7 ( 7 marks) Rajesh is a sole trader. He had the following balances on 1 October 2019: Cash Account - Rs 6 000 Bank Account - Rs 20 000 Debit Table 3 shows the transactions which took place during the month of October 2019.

Table 3: Transactions for the month of October 2019

Date October 2019

Transactions Amount (Rs)

2 Purchased goods by cheque 7 000

8 Cash sales 2 000

17 Bought goods on credit from General Suppliers 4 000

19 Paid wages by cash 1 000

29 Bought office equipment by cheque 3 000

30 Received commission in cash 100

31 Sold goods on credit to Carol 1 000

(a) Select the appropriate transactions from Table 3 and make the relevant entries in the

following Cash Account.

Dr CASH ACCOUNT Cr

Date 2019

Details Rs Date 2019

Details Rs

October 1 Balance b/d 6 000

[3 marks]

16

QUESTION 7 ( 7 marks) Rajesh is a sole trader. He had the following balances on 1 October 2019: Cash Account - Rs 6 000 Bank Account - Rs 20 000 Debit Table 3 shows the transactions which took place during the month of October 2019.

Table 3: Transactions for the month of October 2019

Date October 2019

Transactions Amount (Rs)

2 Purchased goods by cheque 7 000

8 Cash sales 2 000

17 Bought goods on credit from General Suppliers 4 000

19 Paid wages by cash 1 000

29 Bought office equipment by cheque 3 000

30 Received commission in cash 100

31 Sold goods on credit to Carol 1 000

(a) Select the appropriate transactions from Table 3 and make the relevant entries in the

following Cash Account.

Dr CASH ACCOUNT Cr

Date 2019

Details Rs Date 2019

Details Rs

October 1 Balance b/d 6 000

[3 marks]

17

(b) Select the appropriate transactions from Table 3 and make the relevant entries in the

following Bank Account. Balance off the Bank Account and bring down the balance on 1

November 2019.

Dr BANK ACCOUNT Cr

[3 marks]

(c) What does the balance in the Bank Account on 1 November 2019 represent?

………………………………………………………………………………………………………

………………………………………………………………………………………………………

[1 mark]

Date 2019

Details Rs Date 2019

Details Rs

October 1 Balance b/d 20 000

18

QUESTION 8 (10 marks) The following Trial Balance has been prepared for the business of Aslam.

Aslam Trial balance as at 31 October 2019

Debit

Rs Credit

Rs

Revenue (Sales) 126 100

Inventory 1 November 2018 14 500

Purchases 76 000

Bank overdraft 2 300

Equipment 9 000

Trade receivables 1 700

Trade payables 2 800

Rent 12 500

Salary 25 000

Capital 15 500

Drawings 8 000

Total

------------- 146 700 =======

------------- 146 700 =======

Additional information: Aslam had an inventory of Rs 18 000 as at 31 October 2019.

18

QUESTION 8 (10 marks) The following Trial Balance has been prepared for the business of Aslam.

Aslam Trial balance as at 31 October 2019

Debit

Rs Credit

Rs

Revenue (Sales) 126 100

Inventory 1 November 2018 14 500

Purchases 76 000

Bank overdraft 2 300

Equipment 9 000

Trade receivables 1 700

Trade payables 2 800

Rent 12 500

Salary 25 000

Capital 15 500

Drawings 8 000

Total

------------- 146 700 =======

------------- 146 700 =======

Additional information: Aslam had an inventory of Rs 18 000 as at 31 October 2019.

19

(a) Using the information from the Trial Balance of Aslam, prepare the Income Statement for the year ended 31 October 2019.

Aslam

Income Statement for the year ended 31 October 2019

Rs Rs

Revenue

Cost of Sales

Opening inventory (i)

Purchases

Closing inventory (ii)

Cost of Sales (iii)

Gross Profit (iv)

Expenses:

(v)

(vi)

(vii)

Profit / (loss) for the year (viii)

[8 marks]

(b) Briefly explain the effect of an increase in salary on the profits of Aslam’s enterprise.

………………………………………………………………………………………………….…………

……………………………………………………………………………………………………….…… [2 marks]

76 000

126 000

20

BLANK PAGE

20

BLANK PAGE

MARK SCHEME

BUSINESS & ENTREPRENEURSHIP

EDUCATION

Specimen paper Mark scheme for first assessment in October 2020

1

BEE

SPE

CIM

EN P

APER

202

0- S

ECTI

ON

A -

BUSI

NES

S/ E

NTE

RPR

ISE/

EC

ONO

MIC

S (6

5 m

arks

)

Item

An

swer

M

ark

Rem

ark

1A 1

A

1 m

ark

1A 2

B

1 m

ark

1A 3

D

1

mar

k

1A 4

A

1 m

ark

1A 5

C

1

mar

k

1A 6

B

1 m

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1A 7

C

1

mar

k

1A 8

D

1

mar

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1A 9

C

1

mar

k

1A 1

0 A

1 m

ark

1B

Fill

in th

e bl

anks

with

a s

uita

ble

wor

d gi

ven

in th

e lis

t bel

ow.

1.

The

role

of m

arke

ting

is to

ens

ure

that

the

prod

uct o

f a b

usin

ess

mee

ts c

usto

mer

s’ n

eeds

.

2.

A fa

ll in

pop

ulat

ion

may

dec

reas

e th

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man

d fo

r hou

sing

.

3.

The

orga

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resp

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for t

he is

sue

of n

otes

and

coi

ns in

a

coun

try is

the

cent

ral b

ank.

1 m

ark

for e

ach

suita

ble

wor

d

2

4.

The

proc

ess

of c

hoos

ing

a bu

sine

ss id

ea, s

ettin

g ob

ject

ives

and

antic

ipat

ing

risks

is k

now

n as

pla

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g.

5.

Payi

ng o

ut m

oney

to b

uy o

r hi

re g

oods

and

ser

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as s

pend

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1C

Te

rms

D

efin

ition

s / D

escr

iptio

ns

1 Fa

ctor

y A

Sellin

g go

ods

and

serv

ices

to fo

reig

n co

untri

es.

2 Fr

anch

isor

B

Info

rmin

g co

nsum

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abou

t a p

rodu

ct o

r ser

vice

or

pers

uadi

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em to

buy

it.

3 M

arke

t C

A

plac

e w

here

goo

ds a

re m

anuf

actu

red.

4 C

omm

erci

al b

ank

D

Buyi

ng a

nd s

ellin

g of

pro

duct

s.

5 M

oney

E

A pl

ace

whe

re

buye

rs

and

selle

rs

inte

ract

to

ex

chan

ge g

oods

and

ser

vice

s ag

ains

t pay

men

t.

6 Tr

ade

F A

tax

to b

e pa

id o

n an

impo

rted

good

.

7 Ex

ports

G

An

ythi

ng

gene

rally

ac

cept

able

as

a

med

ium

of

ex

chan

ge a

gain

st g

oods

and

ser

vice

s.

8 Bu

sine

ss p

lan

H

A fir

m th

at g

ives

the

right

to a

noth

er fi

rm to

use

its

bran

d na

me

in re

turn

for a

lice

nce

fee.

9 Ad

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I

An in

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whi

ch re

ceiv

es d

epos

its.

J A

docu

men

t pro

vidi

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etai

led

info

rmat

ion

abou

t the

ac

tiviti

es th

at a

n en

terp

rise

inte

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o.

1

BEE

SPE

CIM

EN P

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202

0- S

ECTI

ON

A -

BUSI

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S/ E

NTE

RPR

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EC

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MIC

S (6

5 m

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)

Item

An

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M

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Rem

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1A 1

A

1 m

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1A 2

B

1 m

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1A 3

D

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1A 4

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1A 5

C

1

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B

1 m

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1A 7

C

1

mar

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1A 8

D

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mar

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0 A

1 m

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1B

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in th

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anks

with

a s

uita

ble

wor

d gi

ven

in th

e lis

t bel

ow.

1.

The

role

of m

arke

ting

is to

ens

ure

that

the

prod

uct o

f a b

usin

ess

mee

ts c

usto

mer

s’ n

eeds

.

2.

A fa

ll in

pop

ulat

ion

may

dec

reas

e th

e de

man

d fo

r hou

sing

.

3.

The

orga

nisa

tion

resp

onsi

ble

for t

he is

sue

of n

otes

and

coi

ns in

a

coun

try is

the

cent

ral b

ank.

1 m

ark

for e

ach

suita

ble

wor

d

2

4.

The

proc

ess

of c

hoos

ing

a bu

sine

ss id

ea, s

ettin

g ob

ject

ives

and

antic

ipat

ing

risks

is k

now

n as

pla

nnin

g.

5.

Payi

ng o

ut m

oney

to b

uy o

r hi

re g

oods

and

ser

vice

s is

kno

wn

as s

pend

ing.

1C

Te

rms

D

efin

ition

s / D

escr

iptio

ns

1 Fa

ctor

y A

Sellin

g go

ods

and

serv

ices

to fo

reig

n co

untri

es.

2 Fr

anch

isor

B

Info

rmin

g co

nsum

ers

abou

t a p

rodu

ct o

r ser

vice

or

pers

uadi

ng th

em to

buy

it.

3 M

arke

t C

A

plac

e w

here

goo

ds a

re m

anuf

actu

red.

4 C

omm

erci

al b

ank

D

Buyi

ng a

nd s

ellin

g of

pro

duct

s.

5 M

oney

E

A pl

ace

whe

re

buye

rs

and

selle

rs

inte

ract

to

ex

chan

ge g

oods

and

ser

vice

s ag

ains

t pay

men

t.

6 Tr

ade

F A

tax

to b

e pa

id o

n an

impo

rted

good

.

7 Ex

ports

G

An

ythi

ng

gene

rally

ac

cept

able

as

a

med

ium

of

ex

chan

ge a

gain

st g

oods

and

ser

vice

s.

8 Bu

sine

ss p

lan

H

A fir

m th

at g

ives

the

right

to a

noth

er fi

rm to

use

its

bran

d na

me

in re

turn

for a

lice

nce

fee.

9 Ad

verti

sing

I

An in

stitu

tion

whi

ch re

ceiv

es d

epos

its.

J A

docu

men

t pro

vidi

ng d

etai

led

info

rmat

ion

abou

t the

ac

tiviti

es th

at a

n en

terp

rise

inte

nds

to d

o.

3 1C

Term

1

2 3

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6 7

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Def

initi

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1 m

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for e

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Def

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H

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G

D

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B

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tes

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the

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ny

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ntag

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1.

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tiona

l ca

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l ca

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mor

e pe

ople

.

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e m

any

lega

l fo

rmal

ities

in

se

tting

up

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ivat

e lim

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com

pany

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3.

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ited

liabi

lity.

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ark

for e

ach

corre

ct ti

ck

(3 x

1) m

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St

ate

whe

ther

the

follo

win

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rue’

or ‘

Fals

e’.

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xam

ple

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don

e fo

r you

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ple

A pr

oduc

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sual

ly a

ims

at m

akin

g m

axim

um p

rofit

s.

True

/ Fa

lse

True

1.

O

wne

rs o

f a c

oope

rativ

e ar

e kn

own

as p

artn

ers.

Fa

lse

2.

Fo

r bar

ter t

o ta

ke p

lace

, the

re s

houl

d be

dou

ble

coin

cide

nce

of w

ants

. Tr

ue

3.

C

omm

erci

al b

anks

usu

ally

pro

vide

adv

ice

to c

usto

mer

s.

True

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Th

e co

st o

f bor

row

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kno

wn

as d

ivid

end.

Fa

lse

5.

G

oods

and

ser

vice

s bo

ught

and

sol

d w

ithin

a c

ount

ry is

kn

own

as h

ome

trade

. Tr

ue

1 m

ark

for e

ach

corre

ct a

nsw

er

5 3(

a) (i

) Fr

om T

able

1, i

dent

ify o

ne e

xam

ple

of th

e fo

llow

ing

form

s of

co

mm

unic

atio

n us

ed b

y At

ish:

Writ

ten

com

mun

icat

ion

Se

ndin

g em

ails

Dis

tribu

ting

leaf

lets

Verb

al c

omm

unic

atio

n

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leph

one

calls

Visu

al c

omm

unic

atio

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H

ealth

& S

afet

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gns

1 m

ark

for a

ny o

ne

corre

ct a

nsw

er

1 m

ark

for t

he

corre

ct a

nsw

er

1 m

ark

for t

he

corre

ct a

nsw

er

No

othe

r ans

wer

is

acce

ptab

le

3(a)

(ii)

Expl

ain

two

reas

ons

why

it is

impo

rtan

t for

Atis

h to

do

a m

arke

t res

earc

h?

Rea

sons

may

incl

ude:

To

hel

p in

iden

tifyi

ng th

e ne

eds

/ wan

ts /

pref

eren

ces

of c

usto

mer

s.

To

allo

w A

tish/

an

ente

rpris

e to

res

pond

qui

ckly

to

chan

ging

nee

ds o

f

cust

omer

s.

To

hel

p At

ish/

an

ente

rpris

e to

des

ign

his

/ its

mar

ketin

g ac

tiviti

es.

To

allo

w A

tish/

an

entre

pren

eur

to l

aunc

h ne

w p

rodu

cts

with

gre

at

conf

iden

ce.

2 m

arks

eac

h fo

r

any

two

corre

ct

answ

ers

(2 x

2 m

arks

)

Awar

d m

arks

for

any

othe

r ac

cept

able

answ

ers.

3(b)

(i)

Wha

t is

the

equi

libriu

m p

rice?

Exp

lain

you

r ans

wer

R

s 40

per

kg

1 m

ark

for

iden

tifyi

ng th

e Al

low

mar

k ev

en if

‘p

er k

g’ is

mis

sing

6

co

rrect

equ

ilibriu

m

pric

e an

d

No

othe

r ans

wer

is

acce

ptab

le

Ex

plan

atio

n:

Beca

use

it is

the

pric

e at

whi

ch q

uant

ity d

eman

ded

is e

qual

to q

uant

ity s

uppl

ied.

1 m

ark

for t

he

expl

anat

ion.

3b(ii

) W

hat i

s th

e eq

uilib

rium

qua

ntity

?

70 k

g pe

r wee

k

1 m

ark

for t

he

corre

ct a

nsw

er

Allo

w m

ark

even

if

‘per

wee

k’ is

mis

sing

No

othe

r ans

wer

is

acce

ptab

le

3b(ii

i) W

hat w

ill b

e th

e qu

antit

y de

man

ded

if th

e pr

ice

is R

s 60

per

kg?

50 k

g pe

r wee

k

1 m

ark

for t

he

corre

ct a

nsw

er

Allo

w m

ark

even

if

‘per

wee

k’ is

mis

sing

No

othe

r ans

wer

is

acce

ptab

le

3b(iv

) Pr

ice

is o

ne fa

ctor

whi

ch a

ffect

s th

e su

pply

of c

arro

ts. I

dent

ify a

ny tw

o ot

her f

acto

rs w

hich

mig

ht in

fluen

ce th

e su

pply

of c

arro

ts.

Fact

ors

may

incl

ude:

C

limat

e/ W

eath

er

Cos

t of p

rodu

ctio

n Te

chno

logy

Ta

x

1 m

ark

each

for

any

2 of

the

answ

ers

Awar

d m

arks

for

any

othe

r ac

cept

able

answ

ers.

No

mar

k fo

r “Pr

ice

of

the

prod

uct i

tsel

f”

4 (i)

B

orro

win

g ca

n be

def

ined

as

taki

ng m

oney

from

a p

erso

n or

a fi

nanc

ial

inst

itutio

n/ b

ank

(1) w

hich

mus

t be

repa

id in

the

futu

re (1

). 2

mar

ks fo

r the

co

rrect

def

initi

on

Awar

d m

arks

for

any

othe

r ac

cept

able

defin

ition

.

5 3(

a) (i

) Fr

om T

able

1, i

dent

ify o

ne e

xam

ple

of th

e fo

llow

ing

form

s of

co

mm

unic

atio

n us

ed b

y At

ish:

Writ

ten

com

mun

icat

ion

Se

ndin

g em

ails

Dis

tribu

ting

leaf

lets

Verb

al c

omm

unic

atio

n

Te

leph

one

calls

Visu

al c

omm

unic

atio

n

H

ealth

& S

afet

y si

gns

1 m

ark

for a

ny o

ne

corre

ct a

nsw

er

1 m

ark

for t

he

corre

ct a

nsw

er

1 m

ark

for t

he

corre

ct a

nsw

er

No

othe

r ans

wer

is

acce

ptab

le

3(a)

(ii)

Expl

ain

two

reas

ons

why

it is

impo

rtan

t for

Atis

h to

do

a m

arke

t res

earc

h?

Rea

sons

may

incl

ude:

To

hel

p in

iden

tifyi

ng th

e ne

eds

/ wan

ts /

pref

eren

ces

of c

usto

mer

s.

To

allo

w A

tish/

an

ente

rpris

e to

res

pond

qui

ckly

to

chan

ging

nee

ds o

f

cust

omer

s.

To

hel

p At

ish/

an

ente

rpris

e to

des

ign

his

/ its

mar

ketin

g ac

tiviti

es.

To

allo

w A

tish/

an

entre

pren

eur

to l

aunc

h ne

w p

rodu

cts

with

gre

at

conf

iden

ce.

2 m

arks

eac

h fo

r

any

two

corre

ct

answ

ers

(2 x

2 m

arks

)

Awar

d m

arks

for

any

othe

r ac

cept

able

answ

ers.

3(b)

(i)

Wha

t is

the

equi

libriu

m p

rice?

Exp

lain

you

r ans

wer

R

s 40

per

kg

1 m

ark

for

iden

tifyi

ng th

e Al

low

mar

k ev

en if

‘p

er k

g’ is

mis

sing

6

co

rrect

equ

ilibriu

m

pric

e an

d

No

othe

r ans

wer

is

acce

ptab

le

Ex

plan

atio

n:

Beca

use

it is

the

pric

e at

whi

ch q

uant

ity d

eman

ded

is e

qual

to q

uant

ity s

uppl

ied.

1 m

ark

for t

he

expl

anat

ion.

3b(ii

) W

hat i

s th

e eq

uilib

rium

qua

ntity

?

70 k

g pe

r wee

k

1 m

ark

for t

he

corre

ct a

nsw

er

Allo

w m

ark

even

if

‘per

wee

k’ is

mis

sing

No

othe

r ans

wer

is

acce

ptab

le

3b(ii

i) W

hat w

ill b

e th

e qu

antit

y de

man

ded

if th

e pr

ice

is R

s 60

per

kg?

50 k

g pe

r wee

k

1 m

ark

for t

he

corre

ct a

nsw

er

Allo

w m

ark

even

if

‘per

wee

k’ is

mis

sing

No

othe

r ans

wer

is

acce

ptab

le

3b(iv

) Pr

ice

is o

ne fa

ctor

whi

ch a

ffect

s th

e su

pply

of c

arro

ts. I

dent

ify a

ny tw

o ot

her f

acto

rs w

hich

mig

ht in

fluen

ce th

e su

pply

of c

arro

ts.

Fact

ors

may

incl

ude:

C

limat

e/ W

eath

er

Cos

t of p

rodu

ctio

n Te

chno

logy

Ta

x

1 m

ark

each

for

any

2 of

the

answ

ers

Awar

d m

arks

for

any

othe

r ac

cept

able

answ

ers.

No

mar

k fo

r “Pr

ice

of

the

prod

uct i

tsel

f”

4 (i)

B

orro

win

g ca

n be

def

ined

as

taki

ng m

oney

from

a p

erso

n or

a fi

nanc

ial

inst

itutio

n/ b

ank

(1) w

hich

mus

t be

repa

id in

the

futu

re (1

). 2

mar

ks fo

r the

co

rrect

def

initi

on

Awar

d m

arks

for

any

othe

r ac

cept

able

defin

ition

.

7 4

(ii)

Iden

tify

one

fact

or th

at A

h-M

oy w

ill c

onsi

der

whe

n bo

rrow

ing

mon

ey fr

om

the

bank

. Fa

ctor

s m

ight

incl

ude:

R

ate

of in

tere

st

Av

aila

bilit

y of

loan

s

Expe

ctat

ions

(if

Ah-M

oy e

xpec

ts t

o m

ake

prof

its a

fter

expa

nsio

n of

his

bu

sine

ss)

So

cial

atti

tude

s (if

Ah-

Moy

is w

illing

to in

crea

se h

is d

ebts

)

1 m

ark

for a

ny

one

of th

e fa

ctor

s Aw

ard

1 m

ark

for a

ny

othe

r acc

epta

ble

answ

er

4(iii

) Ex

plai

n on

e re

ason

w

hy

the

Mau

ritia

n go

vern

men

t en

cour

ages

en

trep

rene

urs

like

Ah-M

oy to

sel

l the

ir pr

oduc

ts to

fore

ign

coun

tries

.

Rea

sons

mig

ht in

clud

e:

In

flow

of f

orei

gn c

urre

ncie

s (1

) tha

t can

be

used

to p

ay fo

r im

ports

(1)

C

reat

ion

of jo

bs (1

) tha

t can

redu

ce u

nem

ploy

men

t (1)

Rev

enue

from

exp

orts

(1) t

hat c

an h

elp

to p

rom

ote

econ

omic

dev

elop

men

t (1

)

Max

imum

of 2

m

arks

for a

ny o

ne

corre

ctly

exp

lain

ed

reas

on

Awar

d m

arks

for a

ny

othe

r acc

epta

ble

answ

er

4 (iv

) Id

entif

y an

d ex

plai

n on

e re

ason

for

Ah-

Moy

to

prep

are

a bu

sine

ss p

lan

befo

re m

eetin

g th

e ba

nk m

anag

er.

Rea

son:

To o

btai

n a

loan

eas

ily

Exam

ple

of e

xpla

natio

n:

The

busi

ness

pla

n ca

n he

lp A

h-M

oy to

obt

ain

a lo

an e

asily

(1) t

o fin

ance

his

ex

pans

ion

proj

ect (

1) a

s de

tails

in a

car

eful

ly p

repa

red

busi

ness

pla

n ca

n co

nvin

ce th

e ba

nk m

anag

er to

lend

him

mon

ey (1

).

1 m

ark

for t

he

iden

tifie

d re

ason

Max

imum

of 2

m

arks

for

expl

anat

ion

No

othe

r ans

wer

is

acce

ptab

le

8 4

(v)

Effe

ct o

n su

pply

of s

hirts

:

Ris

e/ In

crea

se in

sup

ply

of s

hirts

Expl

anat

ion

may

incl

ude:

Te

chno

logy

will

redu

ce c

ost o

f pro

duct

ion

(1) a

nd th

eref

ore

supp

ly o

f shi

rts

will

incr

ease

whi

ch w

ill sh

ift th

e su

pply

cur

ve to

the

right

(1).

Or

Te

chno

logy

will

allo

w A

h-M

oy t

o re

plac

e la

bour

by

mac

hine

s (1

) w

hich

m

ight

be

less

cos

tly (1

) and

sup

ply

curv

e w

ill sh

ift to

the

right

.

Or

Te

chno

logy

will

allo

w A

h-M

oy to

pro

duce

mor

e sh

irts

in le

ss ti

me

(1) a

nd

with

less

was

te o

f res

ourc

es (1

) and

sup

ply

curv

e w

ill sh

ift to

the

right

.

1 m

ark

for

iden

tific

atio

n of

the

corre

ct e

ffect

Max

imum

of 2

m

arks

for a

ny o

ne

corre

ct

expl

anat

ion

No

othe

r ans

wer

is

acce

ptab

le

Awar

d m

arks

for a

ny

othe

r acc

epta

ble

answ

er

5(i)

N

ame

the

risk

face

d by

Jen

nife

r’s b

usin

ess.

Ope

ratio

nal r

isk

1 m

ark

for

iden

tifyi

ng th

e ris

k N

o ot

her a

nsw

er is

ac

cept

able

5(ii)

Ex

plai

n on

e w

ay in

whi

ch J

enni

fer

can

over

com

e th

e ris

k id

entif

ied

in p

art

(i).

Ris

k ca

n be

ove

rcom

e as

follo

ws:

Th

roug

h be

tter

plan

ning

(1)

, pr

oper

am

ount

of

raw

mat

eria

ls h

as t

o be

or

dere

d an

d de

liver

ed in

due

tim

e (1

).

Bette

r man

agem

ent o

f res

ourc

es (1

) so

as to

avo

id d

elay

s in

the

deliv

ery

of ra

w m

ater

ials

(1).

2 m

arks

for a

ny

one

corre

ct

expl

anat

ion

Awar

d m

arks

for a

ny

othe

r acc

epta

ble

answ

er re

leva

nt to

th

e ca

se

5 (ii

i) N

ame

one

met

hod

of e

-mar

ketin

g th

at J

enni

fer m

ight

hav

e us

ed to

pro

mot

e he

r pro

duct

.

Met

hods

of e

-mar

ketin

g co

uld

incl

ude:

W

eb m

arke

ting

So

cial

med

ia m

arke

ting

Em

ail m

arke

ting

1 m

ark

for a

ny

one

corre

ct

met

hod

No

othe

r ans

wer

is

acce

ptab

le

7 4

(ii)

Iden

tify

one

fact

or th

at A

h-M

oy w

ill c

onsi

der

whe

n bo

rrow

ing

mon

ey fr

om

the

bank

. Fa

ctor

s m

ight

incl

ude:

R

ate

of in

tere

st

Av

aila

bilit

y of

loan

s

Expe

ctat

ions

(if

Ah-M

oy e

xpec

ts t

o m

ake

prof

its a

fter

expa

nsio

n of

his

bu

sine

ss)

So

cial

atti

tude

s (if

Ah-

Moy

is w

illing

to in

crea

se h

is d

ebts

)

1 m

ark

for a

ny

one

of th

e fa

ctor

s Aw

ard

1 m

ark

for a

ny

othe

r acc

epta

ble

answ

er

4(iii

) Ex

plai

n on

e re

ason

w

hy

the

Mau

ritia

n go

vern

men

t en

cour

ages

en

trep

rene

urs

like

Ah-M

oy to

sel

l the

ir pr

oduc

ts to

fore

ign

coun

tries

.

Rea

sons

mig

ht in

clud

e:

In

flow

of f

orei

gn c

urre

ncie

s (1

) tha

t can

be

used

to p

ay fo

r im

ports

(1)

C

reat

ion

of jo

bs (1

) tha

t can

redu

ce u

nem

ploy

men

t (1)

Rev

enue

from

exp

orts

(1) t

hat c

an h

elp

to p

rom

ote

econ

omic

dev

elop

men

t (1

)

Max

imum

of 2

m

arks

for a

ny o

ne

corre

ctly

exp

lain

ed

reas

on

Awar

d m

arks

for a

ny

othe

r acc

epta

ble

answ

er

4 (iv

) Id

entif

y an

d ex

plai

n on

e re

ason

for

Ah-

Moy

to

prep

are

a bu

sine

ss p

lan

befo

re m

eetin

g th

e ba

nk m

anag

er.

Rea

son:

To o

btai

n a

loan

eas

ily

Exam

ple

of e

xpla

natio

n:

The

busi

ness

pla

n ca

n he

lp A

h-M

oy to

obt

ain

a lo

an e

asily

(1) t

o fin

ance

his

ex

pans

ion

proj

ect (

1) a

s de

tails

in a

car

eful

ly p

repa

red

busi

ness

pla

n ca

n co

nvin

ce th

e ba

nk m

anag

er to

lend

him

mon

ey (1

).

1 m

ark

for t

he

iden

tifie

d re

ason

Max

imum

of 2

m

arks

for

expl

anat

ion

No

othe

r ans

wer

is

acce

ptab

le

8 4

(v)

Effe

ct o

n su

pply

of s

hirts

:

Ris

e/ In

crea

se in

sup

ply

of s

hirts

Expl

anat

ion

may

incl

ude:

Te

chno

logy

will

redu

ce c

ost o

f pro

duct

ion

(1) a

nd th

eref

ore

supp

ly o

f shi

rts

will

incr

ease

whi

ch w

ill sh

ift th

e su

pply

cur

ve to

the

right

(1).

Or

Te

chno

logy

will

allo

w A

h-M

oy t

o re

plac

e la

bour

by

mac

hine

s (1

) w

hich

m

ight

be

less

cos

tly (1

) and

sup

ply

curv

e w

ill sh

ift to

the

right

.

Or

Te

chno

logy

will

allo

w A

h-M

oy to

pro

duce

mor

e sh

irts

in le

ss ti

me

(1) a

nd

with

less

was

te o

f res

ourc

es (1

) and

sup

ply

curv

e w

ill sh

ift to

the

right

.

1 m

ark

for

iden

tific

atio

n of

the

corre

ct e

ffect

Max

imum

of 2

m

arks

for a

ny o

ne

corre

ct

expl

anat

ion

No

othe

r ans

wer

is

acce

ptab

le

Awar

d m

arks

for a

ny

othe

r acc

epta

ble

answ

er

5(i)

N

ame

the

risk

face

d by

Jen

nife

r’s b

usin

ess.

Ope

ratio

nal r

isk

1 m

ark

for

iden

tifyi

ng th

e ris

k N

o ot

her a

nsw

er is

ac

cept

able

5(ii)

Ex

plai

n on

e w

ay in

whi

ch J

enni

fer

can

over

com

e th

e ris

k id

entif

ied

in p

art

(i).

Ris

k ca

n be

ove

rcom

e as

follo

ws:

Th

roug

h be

tter

plan

ning

(1)

, pr

oper

am

ount

of

raw

mat

eria

ls h

as t

o be

or

dere

d an

d de

liver

ed in

due

tim

e (1

).

Bette

r man

agem

ent o

f res

ourc

es (1

) so

as to

avo

id d

elay

s in

the

deliv

ery

of ra

w m

ater

ials

(1).

2 m

arks

for a

ny

one

corre

ct

expl

anat

ion

Awar

d m

arks

for a

ny

othe

r acc

epta

ble

answ

er re

leva

nt to

th

e ca

se

5 (ii

i) N

ame

one

met

hod

of e

-mar

ketin

g th

at J

enni

fer m

ight

hav

e us

ed to

pro

mot

e he

r pro

duct

.

Met

hods

of e

-mar

ketin

g co

uld

incl

ude:

W

eb m

arke

ting

So

cial

med

ia m

arke

ting

Em

ail m

arke

ting

1 m

ark

for a

ny

one

corre

ct

met

hod

No

othe

r ans

wer

is

acce

ptab

le

9 5

(iv)

Expl

ain

one

way

in w

hich

e-m

arke

ting

is im

port

ant t

o Je

nnife

r’s b

usin

ess.

Impo

rtanc

e of

e-m

arke

ting

may

incl

ude:

Le

ss c

ostly

(1)

bec

ause

a la

rge

num

ber

of c

usto

mer

s ca

n be

rea

ched

th

roug

h el

ectro

nic

mea

ns (1

).

Sale

s m

ay in

crea

se (1

) as

the

busi

ness

can

ope

rate

on

a 24

/7 b

asis

(1).

C

an b

e us

ed fo

r ad

verti

sing

(1)

and

can

cha

nge

adve

rtise

men

ts q

uick

ly

(1).

C

an b

e us

ed fo

r pro

mot

ions

(1) a

nd c

an u

pdat

e in

form

atio

n/pi

ctur

es/p

rices

(1

)

1 m

ark

for

iden

tifyi

ng a

ny

impo

rtanc

e

1 m

ark

for

expl

aini

ng th

e m

entio

ned

impo

rtanc

e

Awar

d m

arks

for a

ny

othe

r acc

epta

ble

answ

er

5 (v

) Je

nnife

r is

expe

rienc

ing

conf

lict w

ith h

er s

ales

sta

ff re

gard

ing

long

wor

king

ho

urs

and

low

pay

. Exp

lain

one

way

in w

hich

the

conf

lict c

an b

e re

solv

ed?

Way

s of

reso

lvin

g co

nflic

ts m

ay in

clud

e:

Ag

ree

on th

e pr

oble

m (1

) and

find

a c

omm

on s

olut

ion

to th

e pr

oble

m (1

)

Show

willi

ngne

ss to

sol

ve th

e pr

oble

m (1

) thr

ough

effe

ctiv

e co

mm

unic

atio

n (1

)

Dev

elop

a w

in-w

in s

ituat

ion

(1) s

o th

at b

oth

parti

es c

ome

to a

con

sens

us

(1)

1 m

ark

for

iden

tifyi

ng a

ny

one

way

1 m

ark

for

expl

aini

ng th

e m

entio

ned

way

Awar

d m

arks

for a

ny

othe

r acc

epta

ble

answ

er

10

Sect

ion

B –

Acc

ount

ing

(35

mar

ks)

6 A

1 B

1 m

ark

6 A

2 A

1 m

ark

6A 3

D

1

mar

k

6A 4

C

1

mar

k

6A 5

D

1

mar

k

6B

Te

rms

D

efin

ition

s / D

escr

iptio

ns

1 Tr

ade

rece

ivab

les

A Am

ount

the

ow

ner

inve

sts

in h

is/h

er

firm

.

2 D

raw

ings

B

Wha

t a b

usin

ess

owns

.

3 R

even

ue (S

ales

) C

Am

ount

the

owne

r tak

es fr

om th

e fir

m

for h

is/h

er p

erso

nal u

se.

4 Ex

pens

es

D

Tota

l inc

ome

earn

ed fr

om s

ale

of

good

s,

5 C

apita

l E

Paym

ents

mad

e fo

r th

e da

y-to

- da

y ru

nnin

g of

the

busi

ness

.

6 As

sets

F

Amou

nt o

wed

by

cred

it cu

stom

ers.

G

Wha

t a b

usin

ess

owes

.

1 m

ark

for e

ach

corre

ct m

atch

ing

(1x

5) m

arks

9 5

(iv)

Expl

ain

one

way

in w

hich

e-m

arke

ting

is im

port

ant t

o Je

nnife

r’s b

usin

ess.

Impo

rtanc

e of

e-m

arke

ting

may

incl

ude:

Le

ss c

ostly

(1)

bec

ause

a la

rge

num

ber

of c

usto

mer

s ca

n be

rea

ched

th

roug

h el

ectro

nic

mea

ns (1

).

Sale

s m

ay in

crea

se (1

) as

the

busi

ness

can

ope

rate

on

a 24

/7 b

asis

(1).

C

an b

e us

ed fo

r ad

verti

sing

(1)

and

can

cha

nge

adve

rtise

men

ts q

uick

ly

(1).

C

an b

e us

ed fo

r pro

mot

ions

(1) a

nd c

an u

pdat

e in

form

atio

n/pi

ctur

es/p

rices

(1

)

1 m

ark

for

iden

tifyi

ng a

ny

impo

rtanc

e

1 m

ark

for

expl

aini

ng th

e m

entio

ned

impo

rtanc

e

Awar

d m

arks

for a

ny

othe

r acc

epta

ble

answ

er

5 (v

) Je

nnife

r is

expe

rienc

ing

conf

lict w

ith h

er s

ales

sta

ff re

gard

ing

long

wor

king

ho

urs

and

low

pay

. Exp

lain

one

way

in w

hich

the

conf

lict c

an b

e re

solv

ed?

Way

s of

reso

lvin

g co

nflic

ts m

ay in

clud

e:

Ag

ree

on th

e pr

oble

m (1

) and

find

a c

omm

on s

olut

ion

to th

e pr

oble

m (1

)

Show

willi

ngne

ss to

sol

ve th

e pr

oble

m (1

) thr

ough

effe

ctiv

e co

mm

unic

atio

n (1

)

Dev

elop

a w

in-w

in s

ituat

ion

(1) s

o th

at b

oth

parti

es c

ome

to a

con

sens

us

(1)

1 m

ark

for

iden

tifyi

ng a

ny

one

way

1 m

ark

for

expl

aini

ng th

e m

entio

ned

way

Awar

d m

arks

for a

ny

othe

r acc

epta

ble

answ

er

10

Sect

ion

B –

Acc

ount

ing

(35

mar

ks)

6 A

1 B

1 m

ark

6 A

2 A

1 m

ark

6A 3

D

1

mar

k

6A 4

C

1

mar

k

6A 5

D

1

mar

k

6B

Te

rms

D

efin

ition

s / D

escr

iptio

ns

1 Tr

ade

rece

ivab

les

A Am

ount

the

ow

ner

inve

sts

in h

is/h

er

firm

.

2 D

raw

ings

B

Wha

t a b

usin

ess

owns

.

3 R

even

ue (S

ales

) C

Am

ount

the

owne

r tak

es fr

om th

e fir

m

for h

is/h

er p

erso

nal u

se.

4 Ex

pens

es

D

Tota

l inc

ome

earn

ed fr

om s

ale

of

good

s,

5 C

apita

l E

Paym

ents

mad

e fo

r th

e da

y-to

- da

y ru

nnin

g of

the

busi

ness

.

6 As

sets

F

Amou

nt o

wed

by

cred

it cu

stom

ers.

G

Wha

t a b

usin

ess

owes

.

1 m

ark

for e

ach

corre

ct m

atch

ing

(1x

5) m

arks

12

7 (a

)

Dr

C

ash

Acco

unt

Cr

Dat

e 20

19

Det

ails

R

s D

ate

2019

D

etai

ls

Rs

Oct

ober

1

Bal

ance

b/d

6

000

Oct

ober

19

Wag

es

[1]

1 00

0

8

Sa

les/

Rev

enue

[1

] 2

000

30

Com

mis

sion

[1

] 10

0

(1 x

3) m

arks

7(b)

Dr

Ban

k Ac

coun

t

C

r

Dat

e

2019

Det

ails

R

s D

ate

2019

Det

ails

Rs

Oct

ober

1

Bal

ance

b/d

20

000

O

ctob

er

2

Purc

hase

s

[1]

7

000

29

Offi

ce E

quip

men

t

[1]

3

000

____

____

_

31

bala

nce

c/d

10 0

00

20 0

00

20 0

00

Nov

embe

r 1

Bala

nce

b/d

[1

]

10 0

00

(1

x 3

) mar

ks

11

Or

Term

1

2 3

4 5

6

Def

initi

on/

Des

crip

tion

F (G

iven

) C

D

E

A B

6C

1.

A le

dger

is a

boo

k w

hich

con

sist

s of

diff

eren

t acc

ount

s.

2.

The

bala

nce

c/d

of a

n ac

coun

t is

the

diffe

renc

e be

twee

n th

e to

tal o

f deb

it en

tries

and

the

tota

l of

cred

it en

tries

.

3.

The

stat

emen

t of f

inan

cial

pos

ition

is a

list

of a

sset

s, li

abilit

ies

and

owne

r’s c

apita

l in

an

ente

rpris

e at

a p

artic

ular

dat

e.

4.

Bala

nces

of i

ncom

e ar

e en

tere

d in

the

cred

it co

lum

n of

the

trial

bal

ance

.

1 m

ark

for e

ach

corre

ct a

nsw

er

(1x

4) m

arks

6D

Dat

e 20

19

Tran

sact

ion

Acco

unt t

o be

de

bite

d Ac

coun

t to

be

cred

ited

July

5

Boug

ht g

oods

on

cred

it fro

m P

KL C

ompa

ny L

td R

s

15 0

00

Purc

hase

s PK

L C

ompa

ny

Ltd

July

9

Sold

goo

ds fo

r cas

h R

s 25

000

C

ash

Rev

enue

/ Sal

es

Awar

d 1

mar

k fo

r ea

ch c

orre

ct a

nsw

er

No

othe

r ans

wer

s ar

e ac

cept

able

(1x4

) mar

ks

12

7 (a

)

Dr

C

ash

Acco

unt

Cr

Dat

e 20

19

Det

ails

R

s D

ate

2019

D

etai

ls

Rs

Oct

ober

1

Bal

ance

b/d

6

000

Oct

ober

19

Wag

es

[1]

1 00

0

8

Sa

les/

Rev

enue

[1

] 2

000

30

Com

mis

sion

[1

] 10

0

(1 x

3) m

arks

7(b)

Dr

Ban

k Ac

coun

t

C

r

Dat

e

2019

Det

ails

R

s D

ate

2019

Det

ails

Rs

Oct

ober

1

Bal

ance

b/d

20

000

O

ctob

er

2

Purc

hase

s

[1]

7

000

29

Offi

ce E

quip

men

t

[1]

3

000

____

____

_

31

bala

nce

c/d

10 0

00

20 0

00

20 0

00

Nov

embe

r 1

Bala

nce

b/d

[1

]

10 0

00

(1

x 3

) mar

ks

12

7 (a

)

Dr

C

ash

Acco

unt

Cr

Dat

e 20

19

Det

ails

R

s D

ate

2019

D

etai

ls

Rs

Oct

ober

1

Bal

ance

b/d

6

000

Oct

ober

19

Wag

es

[1]

1 00

0

8

Sa

les/

Rev

enue

[1

] 2

000

30

Com

mis

sion

[1

] 10

0

(1 x

3) m

arks

7(b)

Dr

Ban

k Ac

coun

t

C

r

Dat

e

2019

Det

ails

R

s D

ate

2019

Det

ails

Rs

Oct

ober

1

Bal

ance

b/d

20

000

O

ctob

er

2

Purc

hase

s

[1]

7

000

29

Offi

ce E

quip

men

t

[1]

3

000

____

____

_

31

bala

nce

c/d

10 0

00

20 0

00

20 0

00

Nov

embe

r 1

Bala

nce

b/d

[1

]

10 0

00

(1

x 3

) mar

ks

13

7(c)

O

peni

ng b

ank

bala

nce

on 1

Nov

embe

r 201

9

or

C

ash

at b

ank

on 1

Nov

embe

r 201

9

1 m

ark

Acce

pt a

ny o

ther

re

leva

nt a

nsw

er

11

Or

Term

1

2 3

4 5

6

Def

initi

on/

Des

crip

tion

F (G

iven

) C

D

E

A B

6C

1.

A le

dger

is a

boo

k w

hich

con

sist

s of

diff

eren

t acc

ount

s.

2.

The

bala

nce

c/d

of a

n ac

coun

t is

the

diffe

renc

e be

twee

n th

e to

tal o

f deb

it en

tries

and

the

tota

l of

cred

it en

tries

.

3.

The

stat

emen

t of f

inan

cial

pos

ition

is a

list

of a

sset

s, li

abilit

ies

and

owne

r’s c

apita

l in

an

ente

rpris

e at

a p

artic

ular

dat

e.

4.

Bala

nces

of i

ncom

e ar

e en

tere

d in

the

cred

it co

lum

n of

the

trial

bal

ance

.

1 m

ark

for e

ach

corre

ct a

nsw

er

(1x

4) m

arks

6D

Dat

e 20

19

Tran

sact

ion

Acco

unt t

o be

de

bite

d Ac

coun

t to

be

cred

ited

July

5

Boug

ht g

oods

on

cred

it fro

m P

KL C

ompa

ny L

td R

s

15 0

00

Purc

hase

s PK

L C

ompa

ny

Ltd

July

9

Sold

goo

ds fo

r cas

h R

s 25

000

C

ash

Rev

enue

/ Sal

es

Awar

d 1

mar

k fo

r ea

ch c

orre

ct a

nsw

er

No

othe

r ans

wer

s ar

e ac

cept

able

(1x4

) mar

ks

14

8 (a

) As

lam

Inc

ome

Stat

emen

t for

the

year

end

ed 3

1 Oc

tobe

r 201

9

Rs

Rs

Reve

nue

Cost

of S

ales

Open

ing

inve

ntor

y

(i)

Purc

hase

s

90

500

Clos

ing

inve

ntor

y

(i

i)

Cost

of S

ales

(iii)

Gros

s Pro

fit

(i

v)

Exp

ense

s:

Rent

(v)

Sala

ry

(vi)

(vii)

Prof

it / (

loss

) for

the

year

(vi

ii)

(1x

8) m

arks

Awar

d m

arks

on

ly w

here

the

rig

ht

figur

e is

in

dica

ted

as (

i) to

(v

iii)

in

the

Inco

me

Stat

emen

t

126

000

76 0

00

14

500

(18

000)

(72

500)

53 5

00

12 5

00

25 0

00

(37

500)

16 0

00

15

8 (b

) Th

e in

crea

se in

sal

ary

will

incr

ease

tota

l exp

ense

s (1

) and

ther

efor

e th

e pr

ofits

for t

he y

ear w

ill de

crea

se (1

). Aw

ard

a m

axim

um o

f 2

mar

ks fo

r the

co

rrect

ans

wer

13

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