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  • IG-1 Class Test Oct 2022

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    Zeeshan Siddiqui
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    B. Allen started a business with $5,400 cash and deposited $4,400 in the bank. Goods were purchased on credit from Henry Co. for $2,500 and $400 were returned as damaged. Sales of $2,200 were made to Nelly Ltd. who paid by cheque. Equipment costing $2,000 was purchased partly by cash ($600) and the remainder owed to Francis Co. The accounting entries were made, T-accounts prepared and balances brought down to prepare a trial balance.

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    B. Allen started a business with $5,400 cash and deposited $4,400 in the bank. Goods were purchased on credit from Henry Co. for $2,500 and $400 were returned as damaged. Sales of $2,200 were made to Nelly Ltd. who paid by cheque. Equipment costing $2,000 was purchased partly by cash ($600) and the remainder owed to Francis Co. The accounting entries were made, T-accounts prepared and balances brought down to prepare a trial balance.

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    3 views2 pages

    IG-1 Class Test Oct 2022

    Uploaded by

    Zeeshan Siddiqui
    B. Allen started a business with $5,400 cash and deposited $4,400 in the bank. Goods were purchased on credit from Henry Co. for $2,500 and $400 were returned as damaged. Sales of $2,200 were made to Nelly Ltd. who paid by cheque. Equipment costing $2,000 was purchased partly by cash ($600) and the remainder owed to Francis Co. The accounting entries were made, T-accounts prepared and balances brought down to prepare a trial balance.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 2

    INTERNAL EXAMINATIONS

    International General Certificate for Secondary


    Education Class Test October 2022(IGCSE-1)

    Candidate
    Name

    Centre Candidate
    Number Number

    Branch: _ Date:

    Accounting 0452
    Oct 2022
    Time : 40mins
    Additional Material: Answer Sheet Total marks:20
    FOR EXAMINER’S USE
    Max. Marks
    Questions
    Marks Obtained
    READ THESE INSTRUCTIONS FIRST
    1 20
    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 rough working. Total
    Do not use staples, paper clips, highlighters and glue or Percentage
    correction fluid. Grade

    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
    each question or part question.

    This document consists of 3 printed pages

    [TURN OVER]
    Question 1: B.Allen started a business in September 2022.

     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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