Pearson LCCI

Certificate in Bookkeeping
(VRQ) Level 1
(ASE20091)

Examiners’ Report
April 2016

LCCI Bookkeeping ASE20091 1

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April 2016
Publication code: 49471_ER

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© Pearson Education Ltd 2016

2 LCCI Bookkeeping ASE20091

Introduction
Pearson (LCCI) redeveloped the new specification at Level 1 Certificate in
Bookkeeping (VRQ) (ASE20091) in January 2015 as a part of Finance and
Quantitative suite of qualifications from Level 1 to Level 4 and assessed first time
in November 2015. The purpose of this qualification is to give candidates the
essential skills and knowledge of double entry book-keeping.

The assessment is of 100 marks comprising of a total of 10 questions. All the

questions are compulsory. The assessment is split up into two sections, A and B.
Section A has five multiple choice questions and section B has five processing
questions.

This assessment covered these topics:

 Petty cash system.

 Books of original entries.
 The ability to maintain up-to-date records of all financial transactions in
an appropriate format using accounting record books (the ledgers).
 Double entry book-keeping.
 Introduction to financial statements (preparation of income statement and
statement of financial position).
 Depreciation.
 Control accounts.

The financial statements were generally very well prepared with few errors and
omissions.

The book-keeping aspects of the paper, however, highlighted weaknesses in less

well prepared candidates.

Section A

The five multiple choice questions were well answered and there were no common
errors.

Section B

Question 6 was a 23 mark question on petty cash.

Part (a) was poorly answered with few candidates able to correctly explain the
operation of the imprest system. Part (b) was very well answered with nearly all
candidates scoring most of the available marks.

Question 7 (a) was poorly answered with few candidates aware of the source
documents for a transaction. Part (b) required the preparation of the sales day
book and this was very well answered. Performance was variable for part (c)
which required the completion of two ledger accounts.

LCCI Bookkeeping ASE20091 3

 Examiner Comments

An excellent candidate response, earning full marks, is shown above.

Examiner Tip

Always remember to complete a ledger account using the date, details

and amount, and bring down the closing balance.

4 LCCI Bookkeeping ASE20091

Question 8 part (a) required the preparation of an income statement and was
very well answered. Very few candidates were able to provide the required
explanation for part (b). The depreciation calculations for parts (c) and (d) were
well answered but the explanation for part (e) was very poorly answered.

Examiner Comments

The written parts of questions are generally not answered to the same
standard as the computational questions.

Examiner Tip

Ensure that you practice answering written questions before the

examination.
 
 
Question 9 tested control accounts. Part (a), being a written question on the
purposes of control accounts, was not well answered. A typical answer is shown
below. The control accounts were generally well prepared but candidates are
advised to enter the book from which the entries are posted in the details
column (e.g. Sales day book and NOT sales).
 

 
 
 

LCCI Bookkeeping ASE20091 5

 Examiner Comments

Purpose 1 above could have been developed to state ‘control account should
equal the sum of the balances from the sales ledger’. Two marks would then
have been awarded instead of one.

Examiner Tip

Where there are 2 marks available for an explanation, 1 will be awarded for
identification and 1 for development.

Question 10 (a) required the preparation of the statement of financial position

and was well answered. Some candidates lost marks for using old terminology
(e.g. stock instead of inventory).

When answering part (b) most candidates correctly calculated the interest
charge for the first year but few made the correct calculation for the second year
and very few explained correctly how the loan should be treated in the
statement of financial position.
 
 
 

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Grade Boundaries
Grade boundaries for this, and all other papers, can be found on the website on
this link:

http://qualifications.pearson.com/en/support/support-topics/results-
certification/grade-boundaries.html

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