Cambridge International ExaminationsCambridge International General Certificate of Secondary Education* 1 6 2 6 0 3 4 7 9 8 *0452/11ACCOUNTINGMay/June 2018Paper 11 hour 45 minutesCandidates answer on the Question Paper.No Additional Materials are required.READ THESE INSTRUCTIONS FIRSTWrite your Centre number, candidate number and name on all the work you hand in.Write in dark blue or black pen.You may use an HB pencil for any diagrams or graphs.Do not use staples, paper clips, glue or correction fluid.DO NOT WRITE IN ANY BARCODES.Answer all questions.You may use a calculator.Where layouts are to be completed, you may not need all the lines for your answer.The businesses mentioned in this Question Paper are fictitious.At the end of the examination, fasten all your work securely together.The number of marks is given in brackets [ ] at the end of each question or part question.This document consists of 22 printed pages and 2 blank pages.DC (RCL (DF)) 148225/3 UCLES 2018[Turn overwww.egyptigstudentroom.com
2There are 10 parts to Question 1.For each of the parts (a) to (j) below there are four possible answers, A, B, C and D. Choose the oneyou consider correct and place a tick ( ) in the box to indicate the correct answer.1(a) For which accounts does the cash book act as a ledger account?Abankcashdiscountalloweddiscountreceived BCD (b) Which statement about the division of the ledger is not correct?AChecking procedures can be introduced.BFewer entries are needed in the sales and purchases accounts.CIt is easier for reference and for locating accounts.DWork can be shared between two or more book-keepers.(c) Which account may appear as a credit balance in a trial balance?Acarriage outwardsBdiscount receivedCdrawingsDinventory(d) Insurance prepaid, 120, was treated as an accrual in the income statement.Which effect did this have on the profit for the year?Aoverstated 120Boverstated 240Cunderstated 120Dunderstated 240 UCLES 20180452/11/M/J/18www.egyptigstudentroom.com
3(e) Goods, 250, sold on credit to Ahmed were credited to Aktar’s account.What is the correcting journal entry?debit dit 500500250250250250Hassan sells two products, X and Y. He provided the following information on 31 December2017.productnumber of unitscost per unit net realisablevalue per unit X5202.002.20Y3903.002.8050 units of product Y were damaged and will have to be destroyed.What was the total value of Hassan’s inventory?A 1992B 2132C 2164D 2314 UCLES rn over
4(g) What would not be included in a statement of changes in equity?Aordinary share dividend paid which relates to the previous yearBordinary share dividend proposed which relates to the current yearCprofit for the yearDtransfer to general reserve(h) Beth and Carla are in partnership, sharing profits and losses 3:2. They provided the followinginformation at 31 January 2018.Profit for the yearInterest on capital: BethCarlaSalary: Beth 4 0003 000 42 0007 00010 000What was the total amount credited to Beth’s current account on 31 January 2018?(i)A 15 000B 25 200C 29 000D 39 200Some members of a sports club had not paid their annual subscriptions at the end of thefinancial year.Where will these unpaid subscriptions be shown in the financial statements?receipts andpayments accountincome andexpenditure accountstatement offinancial positionA B C D  UCLES 20180452/11/M/J/18www.egyptigstudentroom.com
5(j)On 1 April 2017 trade receivables owed 4250 and on 31 March 2018 they owed 3940.During the year 46 750 was received from trade receivables and they returned goods, 1130.What were the credit sales for the year?A 46 440B 47 060C 47 570D 48 190[Total: 10] UCLES 20180452/11/M/J/18www.egyptigstudentroom.com[Turn over
62(a) Complete the following table indicating with a tick ( ) the section of a statement of financialposition in which each item would abilitiescurrentliabilitiestrade payables5-year loaninventoryloose toolsbank overdraftrent receivable accrued(b) (i)State one advantage of being a partner rather than a sole trader.(ii)State one disadvantage of being a partner rather than a sole trader.(c) Name three interested parties (other than the business owner) who may wish to look at thefinancial statements of a business. For each interested party state a reason for their interest.interested partyreason for their interest(d) State two causes of depreciation.1 .2 . UCLES 20180452/11/M/J/18www.egyptigstudentroom.com
7(e) Complete the following table by writing either True or False against each statement aboutdepreciation.True or FalseThe depreciation is calculated on the cost priceless residual value when the straight line (equalinstalment) method is used.The percentage rate of depreciation decreases eachyear when the reducing (diminishing) balance method isused.The provision for depreciation of a non-current assetis deducted from the cost price in the statement offinancial position.A provision for depreciation is a means of providing afund to purchase a replacement non-current asset.(f)Name one accounting objective.(g) Name the accounting principle described by each of the following statements.Accounting PrincipleThe same accounting treatment is applied to similaritems at all times.Accounting assumes that a business will continue tooperate indefinitely.Transactions are expressed in monetary terms.Revenue is recognised as earned when ownership ofgoods passes to the customer.[Total: 22] UCLES 20180452/11/M/J/18www.egyptigstudentroom.com[Turn over
83Amira owns an advertising agency. Her financial year ends on 30 April.On 1 April 2018 she decided to use a petty cash book with a monthly imprest of 80 which wouldbe restored on the first day of each month.REQUIRED(a) State one reason for using a petty cash book.(b) State one advantage of the imprest system of petty cash.On 1 April 2018 Amira put 80 cash in the petty cash box.Her transactions for the month of April 2018 were as follows.April 4Bought stamps 37Purchased printing paper811Purchased ink cartridges1219Paid window cleaner1022Paid KK Limited, a trade payable3529Purchased flowers for reception desk7REQUIRED(c) Enter these transactions in Amira’s petty cash book on the page opposite.Balance the petty cash book and bring down the balance on 1 May 2018. UCLES 20180452/11/M/J/18www.egyptigstudentroom.com
UCLES pril 1Date80Totalreceived .CashDetails .PostageTotal paid.AmiraPetty Cash Book.Computersupplies .Generalexpenses .Ledgeraccounts 9[Turn over
10(d) Complete the following table to show the double entry to restore the petty cash imprest on1 May 2018.debit credit (e) Show the entry which would be made in the computer supplies account in April 2018. It is notnecessary to close or balance the account.AmiraComputer supplies accountDateDetails DateDetails .Amira balanced her cash book on 30 April 2018. The bank column showed that she had 17 620in the bank.On the same date the bank statement showed a different balance.REQUIRED(f)State two reasons for preparing a bank reconciliation statement.1 .2 .A comparison of the cash book and the bank statement revealed the following.1Items appearing only on the bank statementBank chargesDishonoured cheque, JabirBusiness rates paid by direct debit2 UCLES 20182815395Items appearing only in the cash bookCheque received from ShadyaCheque paid to Abasi3 Debit side of cash book was 241075100
11REQUIRED(g) Update the cash book of Amira.Bring down the updated balance on 1 May 2018.AmiraCash Book (bank columns only)DateDetails DateDetails 17 620.2018April 30Balance b/d.(h) Prepare a bank reconciliation statement for Amira at 30 April 2018 to determine the balanceshown on the bank statement.AmiraBank Reconciliation Statement at 30 April 2018 . UCLES 20180452/11/M/J/18www.egyptigstudentroom.com[Turn over
12(i)State the bank balance which would appear in the statement of financial position on30 April 2018. Name the section in which it would appear.Amount of bank balance .Section of statement of financial position .(j)Suggest two possible reasons why the cheque from Jabir was dishonoured.1 .2 .[Total: 31] UCLES 20180452/11/M/J/18www.egyptigstudentroom.com
13PLEASE TURN OVER UCLES 20180452/11/M/J/18www.egyptigstudentroom.com[Turn over
144Harry is a trader in farm machinery. He maintains a full set of accounting records. His financialyear ends on 31 March.Harry made the following entries in his purchases journal and purchases returns journal inMarch 2018.HarryPurchases Journal2018March 152431AX LimitedGoodsLess Trade discount 32506502600FM LimitedGoodsLess Trade discount18202731547Total for month4147Purchases Returns Journal2018March 172831AX LimitedGoodsLess Trade discount 45090360FM LimitedGoodsLess Trade discount20030170Total for month530Harry made the following payments by cheque.2018March 430AX Limited, 2425, in full settlement of the amount due on that date.FM Limited to settle the amount due on that date. No cash discount was received.REQUIRED(a) Enter the transactions for March in the following ledger accounts.Close the accounts on 31 March 2018 by balancing or by making a transfer to the incomestatement.Some entries have already been made in the accounts during the year. UCLES 20180452/11/M/J/18www.egyptigstudentroom.com
15HarryAX Limited accountDateDetails DateDetails.2018Mar 1.Details Balance b/d 2500FM Limited accountDateDetails Date.2018Mar 1.Balance b/d750Purchases accountDateDetails DateDetails 43 000.2018Feb 28Total to date. UCLES 20180452/11/M/J/18www.egyptigstudentroom.com[Turn over
16Purchases returns accountDateDetails DateDetails .2018Feb 28Total to date.5020(b) (i)Suggest one reason why AX Limited allowed Harry trade discount on his purchases on15 March 2018.(ii)Calculate the percentage of trade discount AX Limited allowed Harry on his purchaseson 15 March 2018.
ACCOUNTING 0452/11 Paper 1 May/June 2018 1 hour 45 minutes Candidates answer on the Question Paper. No Additional Materials are required. READ THESE INSTRUCTIONS FIRST Write your Centre number, candidate number and name on all the work you hand in. Write in dark blue or black pen. You may use an HB pencil for any diagrams or graphs. Do not use staples, paper clips, glue or correction fluid. DO .
IGCSE First Language English 12 IGCSE World Literature 13 IGCSE English as a Second Language 14 . IGCSE Business Studies 19 IGCSE Global Perspectives 21 IGCSE Geography 22 IGCSE History 23 IGCSE Sciences 24 IGCSE Cambridge Mathematics Extended & Core 26 . At BISP, Year 12 and 13 (Key Stage Five) students study the IB Diploma Programme (IBDP .
IGCSE ARABIC for Native Arabic Speakers - Edexcel 11 GCSE ART & DESIGN - Edexcel 13 IGCSE BUSINESS STUDIES - Cambridge 15 IGCSE ECONOMICS - Cambridge 17 IGCSE COMPUTER SCIENCE - Cambridge 19 GCSE DRAMA - Edexcel 20 IGCSE ENGLISH LANGUAGE - Cambridge 22 IGCSE ENGLISH LITERATURE - Edexcel 22 IGCSE GEOGRAPHY - Edexcel 25
0452 ACCOUNTING 0452/21 Paper 2, maximum raw mark 120 This mark scheme is published as an aid to teachers and candidates, to indicate the requirements of the examination. It shows the basis on which Examiners were instructed to award marks. It does not indicate the details of the discussions that took place at an Examiners’ meeting before marking began, which would have considered the .
ACCOUNTING 0452/21 Paper 2 May/June 2018 1 hour 45 minutes Candidates answer on the Question Paper. No Additional Materials are required. READ THESE INSTRUCTIONS FIRST Write your Centre number, candidate number and name on all the work you hand in. Write in dark blue or black pen. You may use an HB pencil for any diagrams or graphs. Do not use staples, paper clips, glue or correction fluid. DO .
ACCOUNTING 0452/22 Paper 2 October/November 2018 1 hour 45 minutes Candidates answer on the Question Paper. No Additional Materials are required. READ THESE INSTRUCTIONS FIRST Write your Centre number, candidate number and name on all the work you hand in. Write in dark blue or black pen. You may use an HB pencil for any diagrams or graphs. Do not use staples, paper clips, glue or correction .
ACCOUNTING 0452/22 Paper 2 October/November 2017 1 hour 45 minutes Candidates answer on the Question Paper. No Additional Materials are required. READ THESE INSTRUCTIONS FIRST Write your Centre number, candidate number and name on all the work you hand in. Write in dark blue or black pen. You may use an HB pencil for any diagrams or graphs. Do not use staples, paper clips, glue or correction .
IGCSE – Accounting 0452 9 reputation of the firm which equal the difference between the net assets and selling price of the firm. 16. Direct expense of manufacturing There are any expenses which a manufacturer can directly link with the product begin manufactured 17. Appropriation account That account which shows how the profit for the year has been used 18. Collection period for trade .
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