ROOTS INTERNATIONAL SCHOOLS

Department of International Qualifications

Head Office: Building 66, St: 7, H- 8/4 , Islamabad: www.rootsinternational.edu.pk

INTERNAL EXAMINATIONS
International General Certificate for Secondary Education
Class Test Sept 2021 (IGCSE-I)

Candidate
Name

Centre Candidate
Number Number

Branch: ___________________________ Date: ______________________

Accounting 0452
May 2020
40min
Additional Material: Answer Sheet Total marks:30

READ THESE INSTRUCTIONS FIRST

FOR EXAMINER’S USE
Write your Centre number, candidate number and name on
all the work you hand in. Max. Marks
Questions
Write in dark blue or black pen. Marks Obtained
You may use an HB pencil for any diagrams or rough working.
Do not use staples, paper clips, highlighters and glue or
1 20
correction fluid.
2 10
Answer All the questions.
At the end of the examination, fasten all your work securely
together.
The number of marks are given in brackets [ ] at the end of Total
each question or part question.
Percentage

Grade

This document consists of 4 printed p

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Question 1

B.Allen started a business in September 2021.

 Started business with $5,400, deposited $4,400 in the bank and remaining in cash.

 Bought good on time from Henry Co $2,500.

 Goods returned to Henry Co $400 as they were damaged.

 Sales to Nelly Ltd $2,200, nelly paid us by cheque

 Purchased equipment for $2,000, paid for it partly by cash $600 and owing the remaining amount to Francis Co.

Required:

 Prepare Double Entires. (5 marks)

 T-accounts (5 marks)

 Closing of Accounts (5 marks)

 Trial Balance (5 Marks)

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Journal Entries

Date Details Debit ($) Credit ($)

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Date Detail Amount ($) Date Detail Amount ($)

Date Detail Amount ($) Date Detail Amount ($)

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Date Detail Amount ($) Date Detail Amount ($)

Date Detail Amount ($) Date Detail Amount ($)

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Date Detail Amount ($) Date Detail Amount ($)

Date Detail Amount ($) Date Detail Amount ($)

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Date Detail Amount ($) Date Detail Amount ($)

Date Detail Amount ($) Date Detail Amount ($)

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Date Detail Amount ($) Date Detail Amount ($)

Date Detail Amount ($) Date Detail Amount ($)

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Question 2

What is Accounting? (3 marks)

Write The Accounting Equation: (3 marks)

Identify and explain 2 elements of accounting equation: (4 marks)

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