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
Online Sessional Examination (Re-Test) April 2021 (IGCSE-I)

Candidate
Name

Centre Candidate
Number Number

Branch: ___________________________ Date: ______________________

Accounting 0452
April 2021
120 mins
Additional Material: Answer Sheet Total marks:30

READ THESE INSTRUCTIONS FIRST

Write your Centre number, candidate number and name on FOR EXAMINER’S USE
all the work you hand in. Max. Marks
Questions
Marks Obtained
Write in dark blue or black pen.
You may use an HB pencil for any diagrams or rough working. 1 30
Do not use staples, paper clips, highlighters and glue or
correction fluid.
Answer All the questions.
Total 30
At the end of the examination, fasten all your work securely
Percentage
together.
The number of marks are given in brackets [ ] at the end of Grade
each question or part question.

This document consists of 4 printed pages

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Question 2: Robert Co had the following balances at the start of March 2021.
$
Machinery 22,000
Inventory at 1st March 2021 3,600
Motor Van 8,200
Bank 3,690
F.Allen 7,560 Cr
Sales 88,850
Purchases 53,250
Carriage Outwards 1,250
Salary 16,740
Insurance 4,800
Loan (5 years) 4,920
Office Rent 5,500

A) Using the Above information find the Capital at that date. (4 marks)
B) The Following transactions occurred during the month of March 2021:
• March 1 Proprietor invested $6,500 into the business bank account.
• March 2 $2,500 cash was taken out of the bank account.
• March 4 Purchased goods on time from Gordon $6,490.
• March 8 Rent paid by cash $500.
• March 9 Insurance paid by wire transfer $1200.
• March 14 Paid off F.Allen $5,0000 by cheque.
• March 15 Purchased good for resale on-time from ABC Co $2,300.
• March 19 Returned goods worth $1,220 to Gordon.
• March 21 The owner withdrew $300 cash and $1,000 from the bank for his
personal use.
• March 23 Sales $13,390, $2,500 cash sales and rest on-time to Henry Co.
• March 26 paid sundry expenses by cash $750.
• March 29 Received cheque from Henry Co $9,300.

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Robert Co did a stock count and the Inventory at 31st March 2021 was $1,300. You are
required to do the following:
i) Prepare Journal Entries (6 marks)
ii) Closing Accounts (5 marks)
iii) Trial Balance (5 marks)
iv) Income Statement (5 marks)
v) Balance Sheet (5 marks)

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