Macmillan Education

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www.macmillan-caribbean.com
ISBN 978-0-230-48209-8
Caribbean Examinations Council (CXC ) 2015
www.cxc.org
www.cxc-store.com
The author has asserted their right to be identified as the author of this work in accordance with the
Copyright, Design and Patents Act 1988.
First published 2014
This revised version published 2015
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CSEC Principles of Accounts Free Resources

LIST OF CONTENTS
CSEC Principles of Accounts Syllabus Extract

CSEC Principles of Accounts Syllabus

CSEC Principles of Accounts Specimen Papers Mark Schemes/Keys

01239010/SPEC2006

43

01239032/SPEC 2006

56

01239020/SPEC

66

01239020/F SPEC 2006

74

1239032/SPEC 2006

84

01239032/SPEC

88

CSEC Principles of Accounts Subject Reports

January 2004

95

June 2004

103

January 2005

110

June 2006

118

January 2007

127

May/June 2007

137

January 2008

152

May/June 2008

160

January 2009

174

May/June 2009

184

January 2010

197

May/June 2010

207

January 2011

222

May/June 2011

234

January 2012

252

May/June 2012

263

January 2013

278

May/June 2013

291

January 2014

306

Principles of Accounts Syllabus Extract

Principles of Accounts is a course of study that provides an introduction to the

principles and techniques that accountants employ in measuring, processing,
evaluating and communicating information about the financial performance and
position of a business.

The course in Principles of Accounts helps students to develop an understanding of

a range of theoretical and practical techniques used in accounting. It helps to
develop skills that should enable them to participate more effectively and responsibly
in todays business environment, to improve the management of personal financial
activities, such as, budgeting, savings and investment. In addition, this course
prepares students for post-secondary and professional studies in accounting.

The syllabus is arranged in 14 sections consisting of specific objectives and related

content.
Section 1

Introduction to Principles of Accounts

Section 2

The Classified Balance Sheet

Section 3

Books of Original Entry

Section 4

Ledgers and the Trial Balance

Section 5

The Preparation and Analysis of Financial Statements of the

Sole-trader
Section 6

End of Period Adjustments

Section 7

Control Systems

Section 8

Incomplete Records

Section 9

Accounting for Partnerships

Section 10

Accounting for Corporations (Limited Liability Companies)

Section 11

Accounting for Co-operative Societies

Section 12

Accounting for Non-Trading (Non Profit) Organisations

Section 13

Manufacturing Accounts

Section 14

Payroll Accounting

CARIBBEAN EXAMINATIONS COUNCIL

Caribbean Secondary Education Certificate

CSEC

PRINCIPLES OF ACCOUNTS
SYLLABUS
Effective for examinations from May/June 2008

CXC 10/G/SYLL 06