(IGCSE) Accounting Oct/Nov 2008 paper 1
Question paper found on page 5 / 12 pages total, pdf
s petty cash expenses for June totalled $175. Which entries record restoration of the imprest on 1 July? debit $ credit $ A cash book 175 petty cash book 175 B petty cash book 175 cash book 175 C cash book 200 petty cash book 200 D petty cash book 200 cash book 200 15 On 1 September a trader purchased on credit goods
(IGCSE) Accounting Oct/Nov 2009 paper 1
Question paper found on page 6 / 12 pages total, pdf
6 © UCLES 2009 0452/01/O/N/09 15 Sarah sublets part of her premises to Ruth. A cheque for rent has been received from Ruth. How will Sarah record this in her ledger? account to be debited account to be credited A bank rent receivable B rent receivable bank C rent receivable Ruth D Ruth bank 16 What is not a purpose of preparing a trial balance
(IGCSE) Accounting Oct/Nov 2014 paper 1 variant 1
Question paper found on page 2 / 24 pages total, pdf
discount. Which entries record this payment in Udoka’s books? account debited A $ bank discount allowed 970 30 Francis bank discount received 1000 970 30 Francis 1000 B C D © UCLES 2014 account credited $ Francis bank discount allowed 1000 970 30 Francis bank discount received 1000 970 30 0452/11/O/N/14 [1]
(IGCSE) Accounting Oct/Nov 2014 paper 1 variant 2
Question paper found on page 2 / 25 pages total, pdf
000. Udoka paid Francis by cheque after deducting 3% cash discount. Which entries record this payment in Udoka’s books? account debited $ account credited $ A bank discount allowed 970 30 Francis 1000 B Francis 1000 bank discount allowed 970 30 C bank discount received 970 30 Francis 1000 D Francis 1000 bank discount received 970 30 [1]
(IGCSE) Accounting May/June 2018 paper 1 variant 1
Mark scheme found on page 16 / 17 pages total, pdf
0452/11 Cambridge IGCSE – Mark Scheme PUBLISHED Question 6(a) Answer 2 6 entries required to correct the error debit error credit account 1 $ account $ motor expenses, $150, debited to motor vehicles account motor expenses 150 motor vehicles 150 carriage inwards, $120, debited to carriage outwards account carriage inwards 120 (1) carriage outwards 120 (1) 3 sales journal overcast
(IGCSE) Accounting May/June 2014 paper 1 variant 2
Question paper found on page 2 / 20 pages total, pdf
and for resale. Which entry records the transaction in the flower shop’s books? account to be debited account to be credited $ $ A purchases 1000 A. Field 1000 B A. Field 1000 purchases 1000 C purchases 800 A. Field 800 D A. Field 800 purchases 800 © UCLES 2014 0452/12/M/J/14 [1]
(IGCSE) Accounting May/June 2015 paper 2 variant 2
Mark scheme found on page 6 / 10 pages total, pdf
Page 6 3 Mark Scheme Cambridge IGCSE – May/June 2015 (a) Syllabus 0452 Paper 22 Akhtar Hussain Inventory account $ 2014 1 April Balance b/d 3560 3560 2015 31 Mar Income Statement 2015 1 April Balance b/d $ 4150 (1) 4150 2015 31 Mar Income Statement 2015 31 Mar Balance c/d
(IGCSE) Accounting May/June 2009 paper 1
Question paper found on page 8 / 12 pages total, pdf
s financial year she owed one month’s wages. How will this be shown in Jane’s final accounts? profit and loss account balance sheet expense revenue asset liability A B C D 23 A trader made the following payments. $ building repairs 1000 carriage on office equipment 200 extension to building 2000 new tyre for van 100 office equipment 4000 What is the total capital expenditure
(IGCSE) Accounting Oct/Nov 2018 paper 2 variant 3
Question paper found on page 6 / 24 pages total, pdf
6 (f) Name the accounting principle which Thato did not apply in each of the following. Principle Thato debited the wages account with $400 withdrawn from the bank for personal use. Thato revalued his premises by $20 000 when the premises next door were offered for sale for $20 000 more than Thato paid for his. Thato credited the sales account with $1000 after a
(IGCSE) Accounting Oct/Nov 2016 paper 1 variant 3
Question paper found on page 8 / 24 pages total, pdf
s rent account on 1 September 2015 was $1000 credit. During the year he made three payments of rent, by cheque, as follows. $ 4 September 2015 6000 1 March 2016 7400 9 July 2016 3600 REQUIRED (b) State what the balance on 1 September 2015 represented. .....................
(IGCSE) Accounting Oct/Nov 2018 paper 2 variant 1
Question paper found on page 6 / 24 pages total, pdf
6 (f) Name the accounting principle which Thato did not apply in each of the following. Principle Thato debited the wages account with $400 withdrawn from the bank for personal use. Thato revalued his premises by $20 000 when the premises next door were offered for sale for $20 000 more than Thato paid for his. Thato credited the sales account with $1000 after a
(IGCSE) Accounting May/June 2010 paper 2 variant 2
Question paper found on page 11 / 16 pages total, pdf
s Use The bookkeeper credited the bank with $1000, debited the insurance account with $750 and debited the drawings account with $250. REQUIRED (d) Name the accounting principle the bookkeeper has applied. .......................................................................
(IGCSE) Accounting Oct/Nov 2019 paper 1 variant 1
Mark scheme found on page 11 / 17 pages total, pdf
0452/11 Cambridge IGCSE – Mark Scheme PUBLISHED Question Answer 4(c) Mar 1 Mar 1 Details 4 Debit $ Motor vehicles (1) Capital (1) Credit $ 12 000 12 000 Drawings (1) Purchases (1) 4(d) 450 450 Abiola Rent payable account Details $ Date 2018 Sept 2 2019 Feb 3 Aug 6 Bank } } Bank }(1)
(IGCSE) Accounting May/June 2012 paper 2 variant 2
Mark scheme found on page 8 / 9 pages total, pdf
Page 8 Mark Scheme: Teachers’ version IGCSE – May/June 2012 Syllabus 0452 Paper 22 (d) The new shares rank equally with the existing ordinary shares with regard to dividend. The new shares rank equally with the existing ordinary shares with regard to repayment in a winding up. The percentage of ownership of the existing ordinary shareholders is diluted. Any 1 point (2) [2] [Total:
(IGCSE) Accounting May/June 2016 paper 1 variant 1
Question paper found on page 5 / 20 pages total, pdf
s books of account. The first has been completed as an example. Account(s) debited 1 Purchases $ 1000 Account(s) credited Pamela $ 1000 2 3 4 5 [9] (c) Identify the transaction which decreased Lewis’s capital. Transaction number ....................... [1] (d) Identify the transaction which increased Lewis’s capital. State the
(IGCSE) Accounting May/June 2010 paper 2 variant 3
Question paper found on page 11 / 16 pages total, pdf
s Use The bookkeeper credited the bank with $1000, debited the insurance account with $750 and debited the drawings account with $250. REQUIRED (d) Name the accounting principle the bookkeeper has applied. .......................................................................
(IGCSE) Accounting Oct/Nov 2019 paper 1 variant 3
Mark scheme found on page 11 / 17 pages total, pdf
0452/13 Cambridge IGCSE – Mark Scheme PUBLISHED Question Answer 4(c) Mar 1 Mar 1 Details 4 Debit $ Motor vehicles (1) Capital (1) Credit $ 12 000 12 000 Drawings (1) Purchases (1) 4(d) 450 450 Abiola Rent payable account Details $ Date 2018 Sept 2 2019 Feb 3 Aug 6 Bank } } Bank }(1)
(IGCSE) Accounting May/June 2008 paper 1
Question paper found on page 7 / 12 pages total, pdf
s useful life B to find the value of the asset at the end of its useful life C to provide money for a replacement at the end of the asset’s useful life D to spread the cost of the asset over its expected useful life 24 An office machine cost $8500 and is estimated to have a useful life of four years. Its scrap value at the end of this
(IGCSE) Accounting Feb/March 2016 paper 2 variant 2
Mark scheme found on page 6 / 10 pages total, pdf
Page 6 4 Mark Scheme Cambridge IGCSE – March 2016 Syllabus 0452 Paper 22 (a) 2016 Jan 31 Lodi Sports Club Receipts and Payments Account for the year ended 31 January 2016 $ $ 2015 Subscriptions 14 700 (1) Feb 1 Balance b/d 210 Sale of equipment 275 (1) 2016 Balance c/d 739 Jan 31
(IGCSE) Accounting Oct/Nov 2017 paper 1 variant 2
Question paper found on page 4 / 20 pages total, pdf
4 (e) Which businesses are trading businesses and which are service businesses? (f) trading business service business A food retailer hairdresser B food retailer and hairdresser neither C hairdresser food retailer D neither food retailer and hairdresser [1] An appropriation account showed the following. interest on drawings interest on capital share of residual profit Sumit Tom Sumit Tom Sumit Tom $ 1300 1200 1000 1000
(IGCSE) Accounting Oct/Nov 2010 paper 1 variant 2
Question paper found on page 3 / 20 pages total, pdf
s trial balance for 31 December 2009 includes the following balances. $ sales 3 200 inventory (stock) at 1 January 2009 purchases 200 1 800 expenses 800 Karl’s inventory (stock) at 31 December 2009 was $300. What is Karl’s net profit for the year? A $400 B $500 C $700 D $1500
(IGCSE) Accounting May/June 2010 paper 2 variant 3
Mark scheme found on page 4 / 7 pages total, pdf
Page 4 3 Mark Scheme: Teachers’ version IGCSE – May/June 2010 Syllabus 0452 Paper 23 (a) A narrative explains the reasons for the entries which are to be made in the ledger. [2] (b) Journal Debit $ Zaffar Khan Zubin Khan Correction of error Zaffar Khan incorrectly credited Equipment Office expenses Correction of error equipment debited to office expenses Stationery Purchases Correction of error stationery debited
(IGCSE) Accounting May/June 2010 paper 2 variant 2
Mark scheme found on page 4 / 7 pages total, pdf
Page 4 3 Mark Scheme: Teachers’ version IGCSE – May/June 2010 Syllabus 0452 Paper 22 (a) A narrative explains the reasons for the entries which are to be made in the ledger. [2] (b) Journal Debit $ Zaffar Khan Zubin Khan Correction of error Zaffar Khan incorrectly credited Equipment Office expenses Correction of error equipment debited to office expenses Stationery Purchases Correction of error stationery debited
(IGCSE) Accounting Oct/Nov 2010 paper 1 variant 1
Question paper found on page 3 / 20 pages total, pdf
s trial balance for 31 December 2009 includes the following balances. $ sales 3 200 inventory (stock) at 1 January 2009 purchases 200 1 800 expenses 800 Karl’s inventory (stock) at 31 December 2009 was $300. What is Karl’s net profit for the year? A $400 B $500 C $700 D $1500
(IGCSE) Accounting May/June 2010 paper 2 variant 1
Question paper found on page 18 / 20 pages total, pdf
an example. Ben and Jane Mwanga Statement of corrected profit for the year ended 31 March 2010 Profit for the year (net profit) before corrections Error 1 Increase in profit $ 1000 $ 12 000 Decrease in profit $ 2 3 4 Corrected profit for the year [7] [Total: 21] © UCLES 2010 0452/21/M/J/10 For Examiner’s Use
(IGCSE) Accounting May/June 2015 paper 1 variant 2
Question paper found on page 2 / 20 pages total, pdf
2 There are 10 parts to Question 1. For each of the parts (a) to (j) there are four possible answers A, B, C and D. Choose the one you consider correct and place a tick ( ) in the box to indicate the correct answer. 1 (a) What is the purpose of book-keeping? A to identify trends over a number of years B to prepare the financial
(IGCSE) Accounting May/June 2010 paper 2 variant 1
Mark scheme found on page 8 / 8 pages total, pdf
Page 8 6 Mark Scheme: Teachers’ version IGCSE – May/June 2010 Syllabus 0452 Paper 21 (a) To avoid misunderstandings/disagreements later. [2] (b) (i) To discourage the partners from making excessive drawings. [2] (ii) To compensate for an unequal work-load. OR In recognition of work done in the business. (c) [2] Ben and Jane Mwanga Profit and Loss Appropriation
(IGCSE) Accounting Oct/Nov 2013 paper 2 variant 3
Question paper found on page 18 / 20 pages total, pdf
for the year ended 31 August 2013. The first one has been completed as an example. Error Overstated $ 1 Effect on profit for the year Understated $ No effect 1000 2 3 4 5 [8] (b) Name the type of error made in: Error number 2 Error number 3. [2] © UCLES 2013 0452/23/O/N/13 For Examiner's Use
(IGCSE) Accounting May/June 2008 paper 1
Question paper found on page 6 / 12 pages total, pdf
$4400 22 Khalid’s financial year ends on 30 September. On 1 July 2007 $2000 was paid for insurance for six months to 31 December 2007. What will be recorded in Khalid’s balance sheet on 30 September 2007? A accrual of $1000 B prepayment of $1000 C accrual of $2000 D prepayment of $2000
(IGCSE) Accounting May/June 2007 paper 3
Mark scheme found on page 6 / 10 pages total, pdf
Page 6 Mark Scheme Syllabus Paper IGCSE – May/June 2007 0452 03 © UCLES 2007 3 (a) Jamil and Sara Suliman Trading Account for the year ended 30 April 2007 Sales Less cost of sales Opening stock Purchases Less Closing stock – Stock remaining Stock lost Gross profit $ 4 500 2 500 [1] [2] [1] C/F O/F $
(IGCSE) Accounting Oct/Nov 2019 paper 1 variant 3
Mark scheme found on page 13 / 17 pages total, pdf
0452/13 Cambridge IGCSE – Mark Scheme PUBLISHED Question October/November 2019 Answer Marks 5(a) Amounts paid by members of a club/society to use the facilities provided by that club/society 1 5(b) $ Subscriptions due for the year (50 × $85) 4250 (1) Add amount prepaid for following year (10 × $85) 850 (1) 5100 Less
(IGCSE) Accounting Oct/Nov 2018 paper 2 variant 2
Mark scheme found on page 7 / 12 pages total, pdf
s salary: $ Paul Ann 1 000 12 350 2 600 * 3 400 (1) 6 000 Paul 7000 × 6 / 12 = 3500(1) 8000 × 6 / 12 = 4000(1) Share of loss $ 11 350 450 } 550 } (1) Paul 4% × 50 000 × 6 / 1
(IGCSE) Accounting May/June 2015 paper 2 variant 2
Question paper found on page 12 / 20 pages total, pdf
12 Drawings account Date 2015 Feb 1 Details Bank $ Date Details $ 1000 …..…. ……………..…..…. …..…. ….…. ……………..…..…… …..…. ……… ………....…………… …..….. …..…. ………....…………… …..…. …..…. ………....…………
(IGCSE) Accounting Oct/Nov 2019 paper 1 variant 1
Mark scheme found on page 13 / 17 pages total, pdf
0452/11 Cambridge IGCSE – Mark Scheme PUBLISHED Question October/November 2019 Answer Marks 5(a) Amounts paid by members of a club/society to use the facilities provided by that club/society 1 5(b) $ Subscriptions due for the year (50 × $85) 4250 (1) Add amount prepaid for following year (10 × $85) 850 (1) 5100 Less
(IGCSE) Accounting Feb/March 2018 paper 1 variant 2
Mark scheme found on page 13 / 13 pages total, pdf
0452/12 Cambridge IGCSE – Mark Scheme PUBLISHED Question 6(e) March 2018 Answer Marks Statement of corrected profit for the year ended 31 January 2018 Decrease No Effect Increase $ $ $ Draft profit 24 250 Error 1 270 (1) Error 2 Error 3 1000 (1) 9 (1) Error 4 35 (1) Error 5 700 (1) Error 6
(IGCSE) Accounting May/June 2017 paper 1 variant 1
Mark scheme found on page 4 / 11 pages total, pdf
175 (1) OF 1575 (1) OF Standard chair Luxury chair 10% trade discount 2(h) $1575 (1) OF 1 2(i) credit note (1) 1 2(j) Andy’s business buys or manufactures goods which it then sells. (1) A service business provides a service to its customers or clients. (1) 2 © UCLES 2017 Page 4 of 11
(IGCSE) Accounting Oct/Nov 2012 paper 1 variant 3
Question paper found on page 8 / 20 pages total, pdf
s books after the preparation of the income statement for the year ended 30 September 2012. Bank Bank loan (repayable 2018) Capital Equipment at cost Inventory Motor vehicle at cost Other payables Provision for depreciation – equipment Provision for depreciation – motor vehicle Trade payables Trade receivables $ 500 Dr 2800 6800 3500 3300 4500 900 600 1000
(IGCSE) Accounting May/June 2015 paper 1 variant 3
Question paper found on page 16 / 24 pages total, pdf
ended 30 November 2014. Gross profit Cost of sales Purchases Profit for the year Expenses [7] Antoinette’s brother, Louis, has a business selling similar type of goods. His gross profit margin is 40% and his net profit margin is 20%. REQUIRED (b) State one reason for the difference in the ratios. [1] © UCLES 2015 0452/13/M/J/15
(IGCSE) Accounting Oct/Nov 2007 paper 2
Question paper found on page 10 / 12 pages total, pdf
s Use 5 Hedda and Marie decide to open a shop as pa rtners. They open a business bank account into which Hedda deposits $1800 and Marie $60 0. The partnership borrows $1000 from Mish. This money is paid into the business bank account. In order to start the shop the partners buy shop fittings for $850, a cash register for $400 and stock costing
(IGCSE) Accounting May/June 2015 paper 1 variant 1
Question paper found on page 16 / 24 pages total, pdf
ended 30 November 2014. Gross profit Cost of sales Purchases Profit for the year Expenses [7] Antoinette’s brother, Louis, has a business selling similar type of goods. His gross profit margin is 40% and his net profit margin is 20%. REQUIRED (b) State one reason for the difference in the ratios. [1] © UCLES 2015 0452/11/M/J/15
(IGCSE) Accounting Oct/Nov 2019 paper 2 variant 2
Question paper found on page 10 / 20 pages total, pdf
10 The treasurer of the KS Sports Club provided the following information. $ At 1 August 2018 Bank overdraft 5% loan from AB Loans 2620 2000 Receipts and payments during the year ended 31 July 2019 Subscriptions received from members Loan interest and repayment of loan Short-term interest-free loan received from a member General expenses Rates and insurance Purchase of new sports equipment Repairs to
(IGCSE) Accounting May/June 2007 paper 3
Question paper found on page 10 / 20 pages total, pdf
s Use The partners provide the following additional information: $ At 1 May 2006 Current account – Jamil 200 debit Sara 600 credit For the year ended 30 April 2007 Running expenses 4600 Interest on capital – Jamil 2000 Sara 1000 Drawings – Jamil 3100 Sara 2800 Profits and losses are shared equally. REQUIRED (b) Using your answer to (a
(IGCSE) Accounting Oct/Nov 2019 paper 2 variant 2
Mark scheme found on page 12 / 20 pages total, pdf
0452/22 Cambridge IGCSE – Mark Scheme PUBLISHED October/November 2019 Question Answer 3(b) KS Sports Club Receipts and Payments Account for the year ended 31 July 2019 Date 2019 July 31 Details Subscriptions (1)OF Loan (1) Disposal of equipment (1) Tournament receipts (1) Balance c/d $ 7850 1000 Date 2018 Aug 1 2019 July
(IGCSE) Accounting May/June 2010 paper 2 variant 2
Question paper found on page 6 / 16 pages total, pdf
from Zubin Khan had been credited to the account of Zaffar Khan, another debtor. 2 Purchase of equipment, $1000, had been debited to the office expenses account. 3 Stationery, $19, had been debited to the purchases account. 4 No entry had been made for sales returns, $25, from Mariam Sitar. © UCLES 2010 0452/22/M/J/10 For Examiner’s Use
(IGCSE) Accounting Feb/March 2018 paper 1 variant 2
Mark scheme found on page 12 / 13 pages total, pdf
0452/12 Cambridge IGCSE – Mark Scheme PUBLISHED Question 6(a) 6(b) March 2018 Answer Marks Useful as a basis for preparing financial statements 1 Check arithmetical accuracy of the double entry 1 Error 3 commission 1 Error 4 omission 1 Error 5 principle 1 6(c) Date 2018 Jan 31 Details Rent receivable Purchases returns Sales returns Sanjay Suspense account $ Date Details 2018 (
(IGCSE) Accounting May/June 2010 paper 2 variant 3
Question paper found on page 6 / 16 pages total, pdf
from Zubin Khan had been credited to the account of Zaffar Khan, another debtor. 2 Purchase of equipment, $1000, had been debited to the office expenses account. 3 Stationery, $19, had been debited to the purchases account. 4 No entry had been made for sales returns, $25, from Mariam Sitar. © UCLES 2010 0452/23/M/J/10 For Examiner’s Use
(IGCSE) Accounting Oct/Nov 2015 paper 1 variant 2
Question paper found on page 7 / 20 pages total, pdf
7 (d) Name the financial statement in which the following are recorded. (i) assets [1] (ii) expenses. [1] Neel started a business on 1 June. The following transactions took place in June. 1 Opened a business bank account with $8000 of his own money. 2 Received a bank loan, $2000. 3 Bought a delivery van, $5200, from A1 Motors
(IGCSE) Accounting Oct/Nov 2015 paper 1 variant 1
Question paper found on page 7 / 20 pages total, pdf
7 (d) Name the financial statement in which the following are recorded. (i) assets [1] (ii) expenses. [1] Neel started a business on 1 June. The following transactions took place in June. 1 Opened a business bank account with $8000 of his own money. 2 Received a bank loan, $2000. 3 Bought a delivery van, $5200, from A1 Motors
(IGCSE) Accounting Oct/Nov 2011 paper 2 variant 3
Question paper found on page 17 / 20 pages total, pdf
s Use [3] Susan Morgan provided the following information at 31 July 2011. Inventory Trade payables Trade receivables Petty cash Balance at bank $ 4500 5600 3800 50 1000 REQUIRED (e) Calculate Susan Morgan’s current ratio. The calculation should be correct to two decimal places. Show your workings. [2] (f) Calculate Susan Morgan’s quick ratio. The calculation should
(IGCSE) Accounting May/June 2013 paper 1 variant 3
Question paper found on page 12 / 20 pages total, pdf
12 Youssef sold one machine receiving a cheque for $5800. (b) Prepare the following ledger accounts for each of the years ended 31 December 2011 and 31 December 2012. Bring down the balances on 1 January 2013. Machinery account [4] Provision for depreciation of machinery account [7] © UCLES 2013 0452/13/M/J/13 For Examiner's Use
(IGCSE) Accounting Oct/Nov 2013 paper 1 variant 2
Question paper found on page 11 / 20 pages total, pdf
s Use [1] On 1 August 2013 Alan’s cash book showed a debit balance of $1690 while his bank statement showed a credit balance of $1634. The following items appeared on the statement but not in the cash book. $ Bank charges 61 Direct debit (water rates) 205 Standing order (rent) 1000 Credit transfers received - Diga - Howat 658 5
(IGCSE) Accounting Oct/Nov 2016 paper 1 variant 3
Question paper found on page 13 / 24 pages total, pdf
double entry needed to record the withdrawal. debit entry credit entry [2] Rajiv made further drawings during the year and at the year end the balance on his drawings account was $7500. REQUIRED (e) State the double entry needed at the year end to account for Rajiv’s drawings. debit entry credit entry [2] © UCLES 2016 0452/13/O/N/16 [Turn over
(IGCSE) Accounting Oct/Nov 2019 paper 1 variant 2
Mark scheme found on page 16 / 17 pages total, pdf
0452/12 Cambridge IGCSE – Mark Scheme PUBLISHED Question Answer 6(a) Gross profit Discount received current assets inventory trade receivables other receivables current liabilities trade payables other payables bank overdraft working capital 12 $ 40 780 (1) 970 (1) 41 750 Wages (27 120 (1) + 980 (1) – 1000) (1) Rates and insurance (1700
(IGCSE) Accounting May/June 2013 paper 1 variant 1
Question paper found on page 12 / 20 pages total, pdf
12 Youssef sold one machine receiving a cheque for $5800. (b) Prepare the following ledger accounts for each of the years ended 31 December 2011 and 31 December 2012. Bring down the balances on 1 January 2013. Machinery account [4] Provision for depreciation of machinery account [7] © UCLES 2013 0452/11/M/J/13 For Examiner's Use
(IGCSE) Accounting Oct/Nov 2011 paper 1 variant 1
Question paper found on page 5 / 20 pages total, pdf
s account; (ii) the provision for bad debt account. [2] (e) (i) Susie’s trial balance does not balance. Give one example of an error which may have been made. [1] (ii) Japo has bought inventory for $1000 but this has been entered in his books as $1100. Name the error which has been made. [1] © UCLES 2011 0
(IGCSE) Accounting Oct/Nov 2013 paper 1 variant 1
Question paper found on page 11 / 20 pages total, pdf
s Use [1] On 1 August 2013 Alan’s cash book showed a debit balance of $1690 while his bank statement showed a credit balance of $1634. The following items appeared on the statement but not in the cash book. $ Bank charges 61 Direct debit (water rates) 205 Standing order (rent) 1000 Credit transfers received - Diga - Howat 658 5
(IGCSE) Accounting Oct/Nov 2013 paper 1 variant 3
Question paper found on page 4 / 20 pages total, pdf
s Use $ 1 January 2012 2000 Dr 1 January 2013 1000 Cr Rent received during 2012 was $15 000. What amount should be shown for rent receivable in the income statement for the year ended 31 December 2012? A $12 000 B $13 000 C $14 000 D $15 000 [1] (g)
(IGCSE) Accounting May/June 2018 paper 1 variant 1
Question paper found on page 21 / 24 pages total, pdf
21 6 Mai is a trader. At the end of her financial year on 31 March 2018 she opened a suspense account with a debit balance of $650. REQUIRED (a) State two reasons why it was necessary for Mai to open a suspense account. 1 ...............................................
(IGCSE) Accounting Oct/Nov 2017 paper 1 variant 2
Question paper found on page 3 / 20 pages total, pdf
3 (c) A disposal account showed the following. Disposal account Machinery $ 6200 6200 Provision for depreciation Bank Income statement $ 2100 3800 300 6200 Which book of prime entry was used to transfer the $300 to the income statement and how was it treated there? book of prime entry treatment in income statement A general journal as a loss B general journal
(IGCSE) Accounting Oct/Nov 2018 paper 2 variant 3
Question paper found on page 9 / 24 pages total, pdf
s private house. REQUIRED (f) Complete the rates and insurance account for the year ended 31 July 2018. Balance the account and bring down the balances on 1 August 2018. Sara Rates and insurance account Date 2017 Aug 1 Details Balance (insurance) b/d $ Date 570 2017 Aug 1 Balance (rates) b/d Details $ 800 ……… ………………
(IGCSE) Accounting Oct/Nov 2015 paper 1 variant 3
Mark scheme found on page 6 / 9 pages total, pdf
Page 6 5 Mark Scheme Cambridge IGCSE – October/November 2015 Syllabus 0452 Paper 13 (a) Date Details 2015 May 1 Capital May 31 Sales Cash June 1 Balance b/d Elliott Cash Book Date Cash $ Bank $ 2 250 (1) 12 000 (1) 4 200 (1) 2 000 (1) 2 250 100 (1of) Details 2
(IGCSE) Accounting Feb/March 2016 paper 2 variant 2
Question paper found on page 5 / 20 pages total, pdf
5 2 The cash book of Aireville Limited was balanced on 31 December 2015 and showed an overdraft of $ 3420. On the same date, the bank statement showed an overdraft of $1800. A comparison of the cash book and the bank statement revealed the following. $ 1 Items appearing only on the bank statement Bank charges Dishonoured cheque, PB Limited 2 190 330 Items
(IGCSE) Accounting Oct/Nov 2011 paper 1 variant 2
Question paper found on page 5 / 20 pages total, pdf
s account; (ii) the provision for bad debt account. [2] (e) (i) Susie’s trial balance does not balance. Give one example of an error which may have been made. [1] (ii) Japo has bought inventory for $1000 but this has been entered in his books as $1100. Name the error which has been made. [1] © UCLES 2011 0
(IGCSE) Accounting May/June 2014 paper 1 variant 1
Question paper found on page 4 / 20 pages total, pdf
4 (f) A business uses the straight line method of depreciation. The following information is provided. motor vehicles at cost $30 000 anticipated life 4 years residual value $2000 What is the annual depreciation charge for motor vehicles? A $2000 B $5000 C $7000 D $7500 [1] (g) How should inventory be valued in the statement of financial position
(IGCSE) Accounting May/June 2014 paper 1 variant 3
Question paper found on page 4 / 20 pages total, pdf
4 (f) A business uses the straight line method of depreciation. The following information is provided. motor vehicles at cost $30 000 anticipated life 4 years residual value $2000 What is the annual depreciation charge for motor vehicles? A $2000 B $5000 C $7000 D $7500 [1] (g) How should inventory be valued in the statement of financial position
(IGCSE) Accounting Oct/Nov 2013 paper 1 variant 3
Question paper found on page 18 / 20 pages total, pdf
s Use 1 Received $800 by cheque from subletting premises. 2 Took goods costing $200 for his own use. 3 Received $600 by cheque in full settlement of a debt of $625 from Tabitha, a credit customer. 4 Sold goods costing $1000 on credit to Samir for $1400. (a) Complete the table below showing how these transactions are recorded. The first
(IGCSE) Accounting Oct/Nov 2018 paper 2 variant 1
Question paper found on page 9 / 24 pages total, pdf
s private house. REQUIRED (f) Complete the rates and insurance account for the year ended 31 July 2018. Balance the account and bring down the balances on 1 August 2018. Sara Rates and insurance account Date 2017 Aug 1 Details Balance (insurance) b/d $ Date 570 2017 Aug 1 Balance (rates) b/d Details $ 800 ……… ………………
(IGCSE) Accounting May/June 2012 paper 1 variant 2
Question paper found on page 3 / 20 pages total, pdf
s Use goods returned cash book – discount allowed column cash book – discount allowed column cash book – discount received column cash book – discount received column purchases returns journal sales returns journal purchases returns journal sales returns journal [1] (e) David owes $1000 to Parvinder. He pays 90% of the debt. Parvinder writes off the remaining debt. What entry will Parvinder make to write off the bad
(IGCSE) Accounting Oct/Nov 2010 paper 2 variant 2
Mark scheme found on page 6 / 9 pages total, pdf
Page 6 Mark Scheme: Teachers’ version IGCSE – October/November 2010 Syllabus 0452 Paper 22 (b) (i) 4% × 25 000 shares of $1 each (1) = $1000 (1) (ii) 3% × $15 000 (1) = $450 (1) (iii) 5% × 60 000 shares of $0.50 (1) = $1
(IGCSE) Accounting Oct/Nov 2013 paper 1 variant 3
Question paper found on page 13 / 20 pages total, pdf
s profit for the year ended 31 August 2013. [5] (c) The bank statements show that receipts from customers during the year were $94 450, and payments to suppliers were $71 700. Prepare the trading account section of Solomon’s income statement for the year ended 31 August 2013. Solomon Income Statement for the year ended 31 August 2013 [8]
(IGCSE) Accounting Oct/Nov 2011 paper 1 variant 3
Question paper found on page 7 / 16 pages total, pdf
s Use REQUIRED (a) Name the book of prime (original) entry in which Briscow will enter his purchase invoices. [1] (b) Briscow has received a purchase invoice from a supplier. Certain items are missing from the invoice but it is possible to complete the missing items from the other information. Complete the missing items (words or figures) (i) to (vii) on the supplier’s invoice. Global
(IGCSE) Accounting Feb/March 2016 paper 1 variant 2
Question paper found on page 11 / 20 pages total, pdf
s account in Deepa’s ledger for the month of January 2016. Balance the account and bring down the balance on 1 February 2016. Deepa Ali account Date Details $ Date Details $ .......... .......................................... .......... ..........
(IGCSE) Accounting May/June 2017 paper 2 variant 1
Question paper found on page 10 / 24 pages total, pdf
s salary should be increased by $1000 per annum starting on 1 November 2016. Drawings and interest on drawings during the year ended 30 April 2017 were as follows: Drawings Interest on drawings Meena $ 7300 292 The profit for the year ended 30 April 2017 was $7534. © UCLES 2017 0452/21/M/J/17 Rafah $
(IGCSE) Accounting Oct/Nov 2010 paper 2 variant 1
Mark scheme found on page 6 / 9 pages total, pdf
Page 6 Mark Scheme: Teachers’ version IGCSE – October/November 2010 Syllabus 0452 Paper 21 (b) (i) 4% × 25 000 shares of $1 each (1) = $1000 (1) (ii) 3% × $15 000 (1) = $450 (1) (iii) 5% × 60 000 shares of $0.50 (1) = $1
(IGCSE) Accounting Feb/March 2016 paper 1 variant 2
Question paper found on page 12 / 20 pages total, pdf
s provision for doubtful debts account for each of the two years ended 31 December 2014 and 31 December 2015. Balance the account at the end of each year and bring down the balances. Nesbit Limited Provision for doubtful debts account Date Details $ Date Details $ .......... ...................................
(IGCSE) Accounting For examination from 2014 paper 1
Specimen question paper found on page 4 / 18 pages total, pdf
0. Janet receives a salary of $10 000 and interest on capital of $1000. Lesley receives interest on capital of $2000. What was Janet’s total income from the business? A $15 000 B $21 500 C $26 000 D $32 500 [1] [Total: 10] © UCLES 2013 0452/01/SP/14
(IGCSE) Accounting Oct/Nov 2013 paper 1 variant 1
Mark scheme found on page 6 / 9 pages total, pdf
Page 6 Mark Scheme IGCSE – October/November 2013 Syllabus 0452 Paper 11 (d) One from – Sales ledger control account Purchases ledger control account Trial balance Any one (1) [1] (e) 2013 Aug 1 2013 Aug 1 Balance Diga Howat b/d Balance b/d Cash Book (Bank columns only) $ 2013 1690 (1) Aug 1 Bank charges 6
(IGCSE) Accounting Oct/Nov 2012 paper 2 variant 2
Question paper found on page 8 / 16 pages total, pdf
012 was $36 000. 5 During the year ended 31 August 2012 an interim dividend of 3% on the ordinary shares was paid. 6 On 31 August 2012 it was decided to transfer $10 000 to general reserve and pay a dividend of 4% on the ordinary shares. © UCLES 2012 0452/22/O/N/12 For Examiner's Use
(IGCSE) Accounting Oct/Nov 2017 paper 1 variant 3
Question paper found on page 7 / 20 pages total, pdf
s cash book had a debit balance brought down of $1310 on 1 June 2017. The bank statement at the same date showed a credit balance of $790. When Kang-Dae compared the cash book with the bank statement he found the following. Items on the bank statement not in the cash book bank charges, $60 credit transfer, $540, from Nigel, a credit customer
(IGCSE) Accounting Oct/Nov 2007 paper 3
Question paper found on page 14 / 20 pages total, pdf
s Use 4 Ann and Fay are in partnership. They share profits and losses 3 : 2. On 1 October 2007 Ann’s capital was $30 000 and Fay’s was $15 000. They invited Kim to join the partnership and to be responsible for the day-to-day running of the business. Kim decided to join the partnership on 1 October 2007. She agreed to
(IGCSE) Accounting Oct/Nov 2013 paper 1 variant 2
Mark scheme found on page 6 / 9 pages total, pdf
Page 6 Mark Scheme IGCSE – October/November 2013 Syllabus 0452 Paper 12 (d) One from – Sales ledger control account Purchases ledger control account Trial balance Any one (1) [1] (e) 2013 Aug 1 2013 Aug 1 Balance Diga Howat b/d Balance b/d Cash Book (Bank columns only) $ 2013 1690 (1) Aug 1 Bank charges 6
(IGCSE) Accounting Oct/Nov 2016 paper 1 variant 3
Mark scheme found on page 5 / 10 pages total, pdf
s rent accrued/unpaid (1) [1] (c) 2015 Sept 4 Bank 2016 Mar 1 Bank July 9 Bank Sept 1 Balance b/d Winston Rent account $ 2015 6 000 } Sept 1 Balance b/d 2016 7 400 } Aug 31 Income statement Balance c/d 3 600 } (1) 17 000 2 400 (1of) $ 1
(IGCSE) Accounting Oct/Nov 2017 paper 1 variant 1
Question paper found on page 7 / 20 pages total, pdf
s cash book had a debit balance brought down of $1310 on 1 June 2017. The bank statement at the same date showed a credit balance of $790. When Kang-Dae compared the cash book with the bank statement he found the following. Items on the bank statement not in the cash book bank charges, $60 credit transfer, $540, from Nigel, a credit customer
(IGCSE) Accounting Oct/Nov 2019 paper 1 variant 2
Question paper found on page 4 / 24 pages total, pdf
$19 each. Of the inventory remaining at the end of her financial year 30 units were damaged and valued at $7 each. What was the value of Daraja’s inventory at the end of the financial year? A $1170 B $1350 C $1440 D $1710 [1] [Total: 10] © UCLES 2019 0452/12/O/N/19
(IGCSE) Accounting Oct/Nov 2012 paper 2 variant 1
Question paper found on page 8 / 16 pages total, pdf
012 was $36 000. 5 During the year ended 31 August 2012 an interim dividend of 3% on the ordinary shares was paid. 6 On 31 August 2012 it was decided to transfer $10 000 to general reserve and pay a dividend of 4% on the ordinary shares. © UCLES 2012 0452/21/O/N/12 For Examiner's Use
(IGCSE) Accounting May/June 2014 paper 1 variant 2
Question paper found on page 6 / 20 pages total, pdf
s capital [3] (b) Complete the table below using a tick ( ) to indicate if each item is an asset or a liability. The first has been completed as an example. Asset Inventory Liability Motor vehicle Creditor Debtor Bank loan Cash [5] Archie is a trader with a year end of 31 December. During the year he made the following transactions. 1 On 1 January paid $10 0
(IGCSE) Accounting Feb/March 2018 paper 1 variant 2
Question paper found on page 18 / 20 pages total, pdf
s account but had been debited to the sales returns account. REQUIRED (a) State two purposes of a trial balance. 1 ........................................................................................................
(IGCSE) Accounting May/June 2013 paper 1 variant 1
Mark scheme found on page 6 / 8 pages total, pdf
Page 6 5 Mark Scheme IGCSE – May/June 2013 Syllabus 0452 Paper 11 (a) Economic reasons Obsolescence/out of date Depletion Passage of time Any 3 reasons (1) each [3] (b) Machinery account $ 2011 Jan 1 Bank $ 27 000(1) 2012 July 1 Disposal (A) Dec 31 Balance c/d 27 000 9 000 (1)
(IGCSE) Accounting May/June 2013 paper 1 variant 3
Mark scheme found on page 6 / 8 pages total, pdf
Page 6 5 Mark Scheme IGCSE – May/June 2013 Syllabus 0452 Paper 13 (a) Economic reasons Obsolescence/out of date Depletion Passage of time Any 3 reasons (1) each [3] (b) Machinery account $ 2011 Jan 1 Bank $ 27 000(1) 2012 July 1 Disposal (A) Dec 31 Balance c/d 27 000 9 000 (1)
(IGCSE) Accounting Oct/Nov 2013 paper 1 variant 3
Mark scheme found on page 6 / 10 pages total, pdf
Page 6 4 Mark Scheme IGCSE – October/November 2013 (a) Syllabus 0452 Paper 13 Solomon Statement of Affairs at 31 August 2013 $ $ $ Non-current Assets Vehicle (at valuation) 4 800 (1) Current Assets Inventory Trade receivables Other receivables Bank 6 200 3 100 400 4 700 14 400 Current Liabilities Trade payables Other payables Net current
(IGCSE) Accounting May/June 2012 paper 2 variant 2
Question paper found on page 17 / 20 pages total, pdf
s account but had been entered in the purchases returns journal. 4 The balance of the petty cash book, $100, had not been included in the trial balance. 5 The total of the sales journal had been overcast by $1000. For Examiner's Use REQUIRED (a) Prepare the entries in Bethany Searle’s journal to correct the above errors. Narratives are not required. The first one has
(IGCSE) Accounting May/June 2010 paper 1 variant 1
Question paper found on page 3 / 16 pages total, pdf
s Use Which could be the reason for this difference? A bank interest received B payments made directly into the trader’s bank account C standing order for property tax paid directly by the bank D unpresented cheque [1] (f) What is an income statement (profit and loss account)? A A list of all the assets and liabilities of a business at a particular date. B A list of all the
(IGCSE) Accounting Oct/Nov 2017 paper 2 variant 3
Question paper found on page 2 / 20 pages total, pdf
s flat above the business premises. 4 Commission receivable outstanding amounted to $150. 5 The fixtures originally cost $40 000 and are to be depreciated by 15% per annum using the reducing (diminishing) balance method. REQUIRED (a) Record this information in the following accounts of Zodwa’s ledger at 31 July 2017. Close the accounts by balancing or by making a transfer to an appropriate
(IGCSE) Accounting May/June 2011 paper 2 variant 1
Question paper found on page 13 / 24 pages total, pdf
s Use REQUIRED (a) Complete the following table to name the equivalent term used by a club or society which does not operate any trading activities. Business Club or society (i) Income statement (ii) Profit for the year (iii) Capital [3] The Muara Swimming Club was formed some years ago. It has 60 members who each pay an annual subscription of $90. On 1 March 2010
(IGCSE) Accounting May/June 2008 paper 2
Question paper found on page 4 / 16 pages total, pdf
s Use 2 Emilie has a shop and sells goods for cash and on credit. She keeps the cash book herself but her accountant writes up her ledger each month. Emilie puts her cash receipts in a till and enters them into her three-column cash book each week. She offers a cash discount of 3 % to her debtors for payment within 15 days. She buys stock in bulk from a wholesaler
(IGCSE) Accounting May/June 2014 paper 1 variant 2
Question paper found on page 18 / 20 pages total, pdf
s current ratio at 30 April 2014. [2] When Morwenna’s accountant checked her figures he discovered the following. 1 2 3 4 5 © UCLES 2014 The goodwill figure represented Morwenna’s estimate of the value of the good reputation of her business. Inventory had been calculated at selling price, after applying a mark up of $10 250. During the year motor vehicle repairs, $
(IGCSE) Accounting Oct/Nov 2009 paper 1
Question paper found on page 4 / 12 pages total, pdf
s books of prime (original) entry will the invoice be entered? A cash book B journal C purchases journal D sales journal 10 Paul had the following transactions with David, a new customer. $ March 4 goods invoiced to David 350 7 debit note received from David 25 8 credit note issued to David 20 19 cheque received from David 300 28 goods invoiced to David 470
(IGCSE) Accounting Oct/Nov 2017 paper 2 variant 1
Question paper found on page 2 / 20 pages total, pdf
s flat above the business premises. 4 Commission receivable outstanding amounted to $150. 5 The fixtures originally cost $40 000 and are to be depreciated by 15% per annum using the reducing (diminishing) balance method. REQUIRED (a) Record this information in the following accounts of Zodwa’s ledger at 31 July 2017. Close the accounts by balancing or by making a transfer to an appropriate
(IGCSE) Accounting May/June 2016 paper 2 variant 3
Mark scheme found on page 8 / 11 pages total, pdf
Page 8 Mark Scheme Cambridge IGCSE – May/June 2016 Syllabus 0452 Paper 23 (g) Shows the profit earned for each $100 used in the business (1) The higher the percentage the more efficiently the capital is being employed (1) Or other acceptable answer Any 2 points (1) each [2] [Total: 22] 4 (a) Yasmin Manufacturing Account for the year ended 30