PROMETHEUs

SCH0OL
learning RE imagined

End of term
Cambridge IGCSE: Grade 9 Examination
(December2021)
Date: 14.12.2021 Subject: Accounts (0452)
Paper 2: Structured
Total Marks: 100 Written Paper
Duration: 1 hr 45 mins

Candidate Name

Comment/Score LAadhacAggarwal
Teacher's Comment
Mark

Moderator Name
53100
Date of Moderation

Instructions:

Answer all questions.

Use a black or dark blue pen. You may use an HB pencil for any diagrams or graphs.
Write your answer to each question in the space provided.
Do not use an erasable pen or correction fluid.

You may use a calculator.

International accounting terms and formats should be used as
appropriate.
You should show your
workings.
The number of marks for each question or part question is shown in brackets [ ].
Where you are asked to complete a layout, you may not need all the lines for your answer.

Total printed pages: 16

Prometheus School/Accounts (0455)/Cambridge IGCSE/ EOT(Dec)/ Paper 2/2021-22

 PROMETHEUS
SCHOOL End of term Examination
learning RE imogined
(December 2021)

amount, which
I. Leo maintains petty cash book using the imprest system.
a
The imprest
is $200, is restored on the first day of each month.

of less
All payments of less than $100 are made from petty cash. All cash receipts
than $100 are paid into petty cash.

On 1 April 2021 Leo had $48 in his petty cash box. Leo provided the following
information for April 2021.

April 1 Restored petty cash imprest from the business bank acount.

April 5 Paid for office cleaning, $21

April 7 Paid for train ticket, $13

April 13 Paid $72 to Hunter, a trade payable

April 18 Paid taxi fare, $14

April 25 Received cash, $11, from Conrad, a trade receivable

REQUIRED
(a) Prepare Leo's petty cash book for the month of April 2021, on page 3.
Balance the petty cash book and bring down the balance on 1 May 2021.

Prometheus School/Accounts (0455)/Cambridge IGCSE/ EOT(Dec)/ Paper 2/2021-22 2

 Leo
Petty Cash Book
Total Date Details Total Travel Office Led ger
received
paid expenses accounts
2021

*** ***" APril4 ****

Restored pett cash imprest
A.Prit.. **** 21 *** ********** ****' *********** 2-1
fice eanng. **|
********" **'*****'**

* *

APi.2. {rainicRets 3
********** ********* +1
*'*******
Aptil! ade yable 2 2 ***Y********
12
*******************
APd1 * **. taxi e
APil2s rade reccivable *********'******' * ****************** ***

***********

******************** ***

*************"****** *********************** ***************

3 27 S3
********* *****'

*********'***' * * * * * * * * * * * * * * * * * * * * * * * * * ** * * * * * * * * * ********* ********************'******y

******************** *********************
****** ************** **************'*****

*****'**** ********** * ************* ***************

** ***************** **********

**
April 3o Bal e7
********** **********| ***************"**** *******.*********
********** ***°*************"************'********** ************°** ************** ********* ************* ***** ********* ******

**********
. - .

* *********** ******'**** ******* **************** ********** *****'***** *********' *** ** ************ * .****.** ..
Bal d 69
Mag 1

a
 SLTHEUS
SCHOOL
leorning RE imogined
End of term Examination
(December 2021)
(6) i. Name the ledger to which each of the
following would be)posted.
The total of the column for travel
expenses.. enS.eS...
****'***"''""****"'******'T*****'***

The payment to Hunter.. dePable.

. .

(b) ii Name the accounting principle which is

being applied when figures from the
petty cash book are posted to the appropriate
ledgers.

2
2. Saftie is a trader. She maintains a three
column cash book and also a petty cash book.
The imprest amount is $150. All
payments below $100 are made from petty cash.
Saftie had the following transactions in
September 2017.
Sept 1 Petty cash imprest restored from the business bank account

Sept 3 Paid taxi fare, S12

Sept 7 Paid $461 by cheque for repairs to office machinery

Sept11 Purchased office stationery, $64

Sept 15 A cheque for $210 received from SL Stores in August was

dishonoured by the bank

Sept 21 Paid Faariqa, a credit supplier, $29

Sept 26 Received a cheque from Thushari, $392, in settlement ofthe amount

due less 2% cash discount

Sept 28 Cash sales. $4840, of which $4800 was immediately paid into the bank

Sept 29 Paid Sopitha's account of $480 after deducting a cash discount of 2.5%

Sept 30 Paid postage, $22

REQUIRED
(a) Record the above transactions in the following books which appear on the next
two pages. Balance each book and bring down the balances on 1 October 2017.

Petty cash book

i. Cash book

Prometheus School/Accounts (0455)/Cambridge IGCSE/ EOT(Dec)/ Paper 2/2021-22 A

 PROMETHEUS
SCHOOL
learning RE imagined
End of term Examination
(December 2021)

[10]

Prometheus School/Accounts (0455)/Cambridge IGCSE/ EOT(Dec)/ Paper 2/2021-22

 PROMETHEUS
SCHOOL End of term Examination
leorning RE imagined
(December 2021)

[10]

Prometheus School/Accounts (0455)/Cambridge IGCSE/ EOT(Decl/ Paper 2/2021-22 6

 ROMETHEUS
SCHOOL
learning RE imogined

End of term Examination

. Bilal is a trader. He buys (December 2021)
only. goods on credit and for cash. He sells goods on a cash basis

The
following transactions took place in April 2020.
April
4
Bought goods on credit from Milly, list price $320,
of 20% subject to a trade discount

5 Bought goods on credit from EHL Limited, $500

Bought stationery, $145, paying by cheque

8 Cash sales, $280, were paid immediately into Bilal's bank account

10 Paid $128 cash to Milly

12 Cash sales, $110

13 Bought goods on credit, $250, from Todd who offers 4% cash discount for
payments made within 14 days

17 Bought office equipment, $500, paying by bank transfer

21 Paid by cheque for the goods purchased from Todd on 13 April after discount.

24 Paid $485 to EHL Limited by telephone transfer, having deducted 3% cash

discount

28 Sold old office equipment for $50 cash

REQUIRED

for April 2020.

(a) Prepare the purchases journal

and indicate the ledger account to which the total would be posted.
Total the journal

EOT(Dec)/ Paper 2/2021-22

Prometheus School/Accounts (0455)/Cambridge 1GCSE/
 PRONETHE
SCHOOL End of term Examination
teerming DE Imngined
(December 2021)

Blal
Purchases journal

Date
Details

320
Aprilh Mily So0
Apl 5 EHL mited
2S0
Apr137odd
* '********* '***********

*'*****'********************'**** T ********

141
situations.

applied by
Bilal in each ofthe following
Name one accounting principle
(b) accounting principle

joumal
of the purchases
the posting a m o u n t s to
entry for individual
The double posting
the
completed by
entries is
the purchases ledger. include goods
not
on 5 April did
purchase
of goods for his
own
use.

The bought
which Bilal
$55 had been recycled.
costing
6 April
purchased
on
reputation
of the business
The
stationery the statements.
improve
expected
to accounting
This is recorded
in the financial

Reputation
is not shown in
the
equipment

value of office purcthase price

The ils
based on
was
s t a l e r n e n t s

opposite.
the page
book on
cash 2020.
Bilal's
Complete balances
on I May
(c) the
down
bring
book and
Balance
the cash

2/2021-22

Paper
EOT(Dec)/

1GCSE/
(0455)/Cambridge

School/Accounts

Prometheus
 PROMETHEUS
SCHOOL
learning RE imagined
End of term Examination
(December 2021)

Prometheus School/Accounts (0455)/Cambridge 1GCSE/EOr(Dec)/ Paper 2/2021-22

 Examination

term
End of
(December 2021)
PROMETHEUS
sCHOOL 2021.
January
place in
l e a r n i n g RE i m o g i n e d

transactions
took

trader. The following

4. Shilpa is a

January
debit
Paid rent. S450. by direct

to a trade
$120, subject
on credit from Dilip, list price
Bought goods
discount of 25%
to a trade
list price $200, subject
on credit to Kabir,
Sold goods
discount of 20%
credit transfer
which was paid by
Sold surplus office fittings for $110
9
been
list price $20. These goods had
10 Returned goods to Dilip,
purchased on 3 January

11 Paid $50 to Dilip in cash

bank
15 Cash sales, $85, were immediately paid into the

$30, by credit transfer

17 Paid office expenses,

20 Sold goods on credit to Pari, $150

21 Kabir paid by cheque for the goods he purchased on 6 January, after

deducting cash discount of 7 V2%

24 Pari paid $141, by cheque, in full settlement of the purchases made on

20 January

26 Sold goods on credit to Yash, $62, offering him a discount of 5% if he

paid within 21 days

REQUIRED
(a) Prepare Shilpa's sales journal for January 2021

Total the journal and indicate the ledger account to which the total would be posted

Prometheus School/Accounts (0455)/Cambridge IGCSE/ EOT(Dec)/

Paper 2/2021-22 10
 PROMETHEUS
SCHOOL
tearning RE imogined
End of term Examination
(December 2021)
Shilpa
Sales jounal
Date Dotails

Tan 6 ab 20o
Jan 9 S plesoffce fita o
sh
**********'****
Sales ************
SX
an 2o Pari **********
* * * * * * *
O

Jan 26 Yash 62
. * .* .****************** **'*******************

(b) Complete Shilpa's cash book on the page opposite.

Balance the cash book and bring down the balances on 1 February 2021.

enm cen iscent

o CSe

No s

Prometheus School/Accounts (0455)/Cambridge lGCSE/ EOT(Dec)/ Paper 2/2021-22 11

 PROMETHEU
SCHOOL
corning RE imogined
End of term Examination
(December 2021)

Prometheus School/Accounts (0455)/Cambridge IGCSE/ EOT(Dec)/ Paper 2/2021-22 12

 PROMETHEUS
SCHOOL
learning RE imagined
End of term Examination
(C) Prepare the ledger account of (December 2021)
bring down the balance on 1 Dilip for January 2021. Balance the account and
February 2021.
There was no balance on Dilip's account on 1January 2021.

Shilpa
Dilip account
Date Details S Date Details

******* ***** **** ***** *

********
****.*--** ** o*

********* -***
*********'. ' * * *

****************** * ** **

****'**************}'******** **
***** ************7********** ***

** - ***
*********"* * * *1*********

********

**************************, ****** -** ***** ** ** *************************

14]

(d) Complete the table by placing a tick (3) to indicate which document Dilip would
send to Shilpa for the return of goods on 10 January.

Debit Note
Credit Note

Prometheus School/Accounts (0455)/Cambridge IGCSE/ EOT(Dec)/ Paper 2/2021-22 13

 PROMETHEUS
SCHOOL
learning RE imagined
End of term Examination
5. (December 2021)
Explain following Business Documents in detail:
(a) Debit Note:

A
..eit ofe. .... SSAed
****'****" *°*°''*°'*'

b
e
he.CRdit..Skofne.. ... ...

S ler n . e Y*
requeSE Of
***°'**'' V*''°°*'**°'****'**°°

...eston...
*** 9..Y.
. .

***°**°**.

(b) Credit Note:

..A...Credt.....ote....
****°*
ssued
.he $4PLuec.. he. dit...
**********°****° **'
CUStomer
***°*'**°**********
to .0etita...N4. heee

veisk. *****"***

********************°°
.. ...
* ********.
.

(c) Invoice

Ce (SSUed .

SuPLkear. Fo he ...OAKner

Prometheus School/Accounts (0455)/Cambridge IGCSE/ EOT(Dec)/ Paper 2/2021-22 14

 OMETHEUS
SCHOOL End of term
Examination
leorning RE imagined
(December2021)
...
* *** ' ' *'* /o
' '' '**''' *
oF...Ked«t.....
he olo
Pucchase. t..... ........****
Er.nen..uantita. Pl.

... .t.....
the * * * * * ' * * * ° "
rod
.u.c
.t..
* *

* * * * * * * * ' * * **

* * * * * *

****°*******°*********

Statement of Account
(d) f..Acceunt.
.

. t o t enea SuLrl.Ée..
.
.He..
.
*

**

.Ged....US.KEUne....A....he.
.
....
.

..SSe.. a .

he.
* * * *
9 z n e k R e

eh.
hE.
. . E A A . . 0 f . .. . .

hAs..rAsac.kioE...
. . . . ****

..
.d. ..a.
...akA......). Ja

*** ***

(e) Cheque . ndis..

...S. ****
... . .
..he An
a n.
k. .
..
. ..
... he
Orcdes e....5PEG.s..K . So1.
..IA....

....... **

15
2/2021-22
EOT(Dec)/ Paper
(0455)/Cambridge
IGCSE/
School/Accounts

Prometheus
 Examination
PROMETHEUS End of term
SCHOOL
jearning RE imogined (December 2021)

...20]

Prornetheus Sc
hool/Accounts (0455)/Cambridge IGCSE/
EOT(Dec)/ Paper 2/2021-22
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