Mark Scheme

November 2019

Pearson LCCI Certificate in Bookkeeping

(VRQ)
Level 1 (ASE20091)
LCCI Qualifications

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Publication Code: 64526_MS

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© Pearson Education Ltd 2019

2 LCCI ASE20091, November 2019

General Marking Guidance

• All candidates must receive the same treatment. Examiners must mark the
first candidate in exactly the same way as they mark the last.

• Mark schemes should be applied positively. Candidates must be rewarded

for what they have shown they can do rather than penalised for omissions.

• Examiners should mark according to the mark scheme not according to

their perception of where the grade boundaries may lie.

• There is no ceiling on achievement. All marks on the mark scheme should

be used appropriately.

• All the marks on the mark scheme are designed to be awarded. Examiners
should always award full marks if deserved, i.e. if the answer matches the
mark scheme. Examiners should also be prepared to award zero marks if
the candidate’s response is not worthy of credit according to the mark
scheme.

• Where some judgement is required, mark schemes will provide the

principles by which marks will be awarded and exemplification may be
limited.

• When examiners are in doubt regarding the application of the mark scheme
to a candidate’s response, the team leader must be consulted.

• Crossed out work should be marked UNLESS the candidate has replaced it
with an alternative response.

3 LCCI ASE20091, November 2019

Question Answer (AO2) 5 Mark
Number
1(a)(i) Award marks as indicated.

Violet
Petal Avenue Reigate RH1 0DE Invoice

Number: 5698
Customer: Calla Date: 9 September
2019

Quantity Description Unit Cost Total Cost

$ $

8 Chairs 75 600 (1)

2 Tables 180 360 (1)

Subtotal 960 (1)

Trade discount 96 (1)
Total 864 (1of)
(5)

Question Answer (AO2) 4 Mark

Number
1(a)(ii) Award marks as indicated.

Violet
Petal Avenue Reigate RH1 0DE Invoice

Number: 5699
Customer: Fern Date: 16 September
2019

Quantity Description Unit Cost Total Cost

$ $

2 Sofas 210 420 (1)

1 Table 180 180 (1)

Subtotal 600 (1)

Trade discount -
Total 600 (1of)
(4)

4 LCCI ASE20091, November 2019

Question Answer (AO2) 4 Mark
Number
1(a)(iii) Award marks as indicated.

Violet
Petal Avenue Reigate RH1 0DE Credit
note
Number: 193
Customer: Calla Date: 23 September
2019

Quantity Description Unit Cost Total Cost

$ $

2 Chairs 75 150 (1)

Subtotal 150 (1)

Trade discount 15 (1)
(4)
Total 135 (1of)

Question Answer (AO2) 3

Number Mark
1(b)(i) Award marks for correct dates, details and amounts in
combination.

Bud Account
Date Details $ Date Detail $
s
14 Cash 350 1 Balanc 368 (1) Balanc 39
September book (1) September e b/d e b/d (1)

Cash 18
book / (1)
Discount
received
368 368
(3)

5 LCCI ASE20091, November 2019

Question Answer (AO2) 4
Number Mark
1(b)(ii) Award marks for correct dates, details and amounts in
combination.

Ivy Account
Date Details $ Date Detail $
s
19 Returns 1 1 Balanc 2 710 (1) Balanc 39
September outwards 060 September e b/d e b/d (1)
(day (1)
book)
30 Balance 4 9 Purcha 3 100 (1)
September c/d 750 September ses
(day
book)
5 5 810
810
1 October Balanc 4 750
e b/d (1of)
(4)

Question Answer (AO1) 1 Mark

Number
1(c) Award one mark for correct answer.

D (1) (1)

Question Answer (AO1) 1 Mark

Number
1(d) Award one mark for correct answer.

C (1) (1)

TOTAL FOR QUESTION 1 = 22 MARKS

6 LCCI ASE20091, November 2019

Question Answer (AO2) 2
Number Mark
2(a)(i) Award marks as indicated.

$152.10 (2) W

W
$
123.60 (1)
28.50 (1)
152.10 (2)
Additional guidance
No specific layout required.
Correct answer only scores 2 marks.

Question Answer (AO2) 3

Number Mark
2(a)(ii) Award marks as indicated.

$152.10 (3)

$
200.00 - (76.40 (1) -28.50 (1of)) = 152.10 (1of)
(3)
Additional guidance
No specific layout required.
Correct answer only scores 3 marks.

7 LCCI ASE20091, November 2019

Question Answer (AO2) 12 Mark
Number
2(b) Award 1 mark for correct details and amounts in combination.

Cash Book

Discount Discount
Date Details Cash Bank Date Details Cash Bank
Allowed Received

October
$ $ $ October $ $ $
25 Balance 195.20 25 Balance b/d 86.25
b/d (1
both)
27 Sales 700.00 26 Wages 200.00 (1)
(1)
27 Cash 500.00 26 Postage 22.00
(1) Stamps (1)
29 Aster 15.00 395.00 27 Bank 500.00
(1) (1) (1)
28 Florian 212.00
(1)
31 Petty cash 152.10
(1of)
31 Balances 373.20 244.65
c/d
15.00 895.20 895.00 895.20 895.00

1 Balances 373.20 244.65

November b/d (1of) (1of)

(12)

8 LCCI ASE20091, November 2019

Question Answer (AO2) 4
Number Mark
2(c) Award marks as indicated.

Rowan
Bank reconciliation statement at 31 October 2019

Balance per cash book 244.65 (1of)

Add unpresented cheques

Florian 212.00 (1)

456.65

Less outstanding lodgements

Aster (395.00) (1)

Balance per bank statement 61.65 (1)

(4)

TOTAL FOR QUESTION 2 = 21 MARKS

9 LCCI ASE20091, November 2019

Question Answer (AO1) 4 (AO2) 8 Mark
Number
3(a) Award marks as indicated.

Transaction Type of error Account Account

to be to be
debited credited
A purchase of office Principle (1) Office Office
equipment had been recorded equipment expenses
in the office expenses (1) (1)
account.
A payment for insurance had Commission (1) Insurance Motor
been recorded in the motor (1) expenses
expenses account. (1)
Bank charges had not been Omission (1) Bank Bank
recorded. charges (1)
(1)
Rental income had been (Complete) reversal Bank Rental
credited in the bank account (1) (1) income
and debited in the rental (1)
income account.

(12)

Question Answer (AO3) 2 Mark

Number
3(b)(i) Award one mark for identification and one mark for linked
justification.

There is no effect on the trial balance (1) as both accounts always have
debit balances (1)

Accept any other appropriate responses. (2)

Question Answer (AO3) 2 Mark

Number
3(b)(ii) Award one mark for identification and one mark for linked
justification.

Profit for the year would be understated (1) as office equipment is

capital expenditure (1)

Accept any other appropriate responses. (2)

Question Answer (AO1) 1 Mark

Number
3(c) Award one mark for correct answer.

B (1) (1)

10 LCCI ASE20091, November 2019

Question Answer (AO1) 1 Mark
Number
3(d) Award one mark for correct answer.

D (1) (1)

TOTAL FOR QUESTION 3 = 18 MARKS

11 LCCI ASE20091, November 2019

Question Answer (AO1) 1 Mark
Number
4(a) Award mark as indicated.

Journal (1)
(1)

Question Answer (AO2) 3

Number Mark
4(b)(i) Award marks as indicated.

$13 800 (3) W

W
$
13 250
150 (1)
400 (1)
13 800 (1of)

(3)
Additional guidance
No specific layout required.
Correct answer only scores 3 marks.

Question Answer (AO2) 1

Number Mark
4(b)(ii) Award marks as indicated.

$670 (1)
(1)
Additional guidance
No specific layout required.
Correct answer only scores 1 mark.

12 LCCI ASE20091, November 2019

Question Answer (AO2) 3
Number Mark
4(c) Award marks for correct dates, details and amounts in
combination.

Motor Vehicles - Cost Account

Date Details $ Date Details $

1 Balance 61 200 31 Balance 75 000 Balanc 3
September b/d (1) August c/d e b/d (1)

3 August Journal/SS 13 800

Garages (1of)
75 000 75 000
1 Balance 75 000
September b/d (1of)

(3)

Question Answer (AO2) 2

Number Mark
4(d) Award marks as indicated.

$12 725 (2) W

W
$75 000 (1of) – 24 100 x 25% = 12 725 (1of)
(2)
Additional guidance
No specific layout required.
Correct answer only scores 2 marks.

Question Answer (AO2) 3

Number Mark
4(e) Award 1 mark for each correct figure as indicated.
Award 1 mark for all correct details and dates.

Motor Expenses Account

Date Details $ Date Details $

1 August Balance 3 840 31 Stateme 4 510 Balanc 3
b/d August nt of (1of) e b/d (1)
profit or
loss
3 August Journal/SS 670
Garages (1of)
4 510 4 510

(3)

13 LCCI ASE20091, November 2019

Question Answer (AO2) 5
Number Mark
4(f) Award marks for each correct figure with label as indicated.

Ren
Statement of profit or loss for the year ended 31 August 2019

$ $

Gross profit 79 710

Depreciation charge 12 725

(1of)

Motor expenses 4 510

(1of)
135
Irrecoverable debt
(1)
912
General expenses
(1)

18 282

Profit for the year 61 428

(1of)

(5)

TOTAL FOR QUESTION 4 = 18 MARKS

14 LCCI ASE20091, November 2019

Question Answer (AO1) 1 Mark
Number
5(a) Award one mark for correct answer.

A (1) (1)

Question Answer (AO2) 8

Number Mark
5(b) Award 1 mark for each correct figure as indicated.
Award 1 mark for all correct details and dates.

Trade Payables Ledger Control Account

Date Details $ Date Details $

31 Cash book/ 364 1 Balance b/d 13 730
October Discount (1) November (1)
received
Cash book 83 752 31 Purchases 89 640
(1) October day book (1)
Returns 836
outwards (1)
day book
Journal/ 1 110
Trade (1)
receivables
ledger
control
Balance c/d 17 308

103 370 103 370

1 Balance b/d 17 308
November (1of)

(8)

15 LCCI ASE20091, November 2019

Question Answer (AO2) 10
Number Mark
5(c) Award marks for each correct figure with label as indicated.

Fleur
Statement of financial position at 31 October 2019

$ $

Assets
Non–current assets
Property, plant and 79 640
equipment (1)

Current assets
Inventory 18 670 (1)
Trade receivables 7 780(1)
Cash at bank 1 005 (1) 27 455
Total assets 107 095

Equity and liabilities

Equity
Opening balance 46 800 (1)
Profit for the year 32 197 (1)
78 997
Drawings (7 210) (1)
Total equity 71 787

Current liabilities
Trade payables 17 308 (1of)
Bank loan (2019) 18 000 (1) 35 308

Total equity and 107 095 (1of)

liabilities
(10)

Additional guidance
Award OF for equity and liabilities only if it matches to total assets

16 LCCI ASE20091, November 2019

Question Answer (AO3) 2 Mark
Number
5(d) Award one mark for identification and one mark for linked
justification.

This method is used where each year is expected to benefit equally from
the use of the asset (1) to comply with the accruals/matching concept
(1)

Accept any other appropriate responses. (2)

TOTAL FOR QUESTION 5 = 21 MARKS

TOTAL FOR PAPER = 100 MARKS

17 LCCI ASE20091, November 2019