EZONE ACADEMY PARKCITY HOMESCHOOL

Cambridge International General Certificate of Secondary Education

STUDENT’S
NAME

EXAM TOTAL
DATE MARKS

Accounting 0452
Part 1 Multiple choice July 2023
30 minutes
You must answer on the multiple choice answer sheet.

You will need: Multiple choice answer sheet

Soft clean eraser
Soft pencil (type B or HB is recommended)

READ THESE INSTRUCTIONS FIRST

• Write your full name, as per name in your Identity Card (IC).
• There are fifteen questions on this paper. Answer all questions.
• For each question there are four possible answers A, B, C and D. Choose the one you consider correct
and record your choice in soft pencil on the multiple choice answer sheet.
• Follow the instructions on the multiple choice answer sheet.
• Write in soft pencil.
• Write your full name, as per name in your Identity Card (IC) on the multiple choice answer sheet in the
spaces provided unless this has been done for you.
• Do not use correction fluid.
• Do not write on any bar codes.
• You may use a calculator.
INFORMATION
• The total mark for this paper is 15.
• Each correct answer will score one mark.
• Any rough working should be done on this question paper.
• At the end of the examination, fasten all your work securely together.

6 printed pages and ___ blank pages.

This document consists of ___
 2

1. Which statement is true?

A. Accoun4ng is part of book-keeping.

B. Accoun4ng requires the skills of an expert accountant.
C. Book-keeping includes ac4vi4es such as analyzing and interpre4ng financial data.
D. Book-keeping requires the skills of an expert accountant.

2. Which item is an asset?

A. An amount owing by credit customers

B. An amount owing to credit suppliers
C. Interest accrued on bank loan
D. Rent received in advance from tenant

3. Marine purchased goods for resale on credit from Nathan.

Which entries would Marine make in her ledger?

Account to be debited Account to be credited

A. Bank Purchases
B. Nathan Purchases
C. Purchases Bank
D. Purchases Nathan

4. On 1 March, a business owed its suppliers $9500. During March, the following
transac4ons took place.

Good purchased on credit $10 000

Good returned to suppliers $200
Cheque paid to suppliers $8900
Cash discount received $100

How much did the business owe its suppliers on 31 March?

A. $800
B. $1000
C. $10300
D. $10500
 3

5. Sioux made a payment to Joe, a credit supplier. In error she debited the account of
Jason.

Which type of error did Sioux make?

A. Commission
B. Omission
C. Original Entry
D. Principle

6. Which error affects the trial balance?

A. An addi4on error in the Sales returns account

B. Debi4ng a sale to Jason’s account instead of Jackson’s account
C. Debi4ng the repairs to machinery to the machinery account
D. Failing to enter a purchases invoice to the accoun4ng records

7. Raju’s cash book had a debit balance of $300. When the bank statement arrived he
saw that a customer’s cheque for $160 had been dishonored, and he had received
$10 in bank interest.

What was the balance on the cash book when it had been updated?

A. $130 debit
B. $150 debit
C. $450 credit
D. $470 credit

8. Which statement is false?

A. Contra entries will be made when surplus cash is paid into the bank account
B. A cheque is dishonored because the amount in words differs from the amount in
figures shown on the cheque
C. Cash discount are different to a trade discount as cash discounts are not recorded
in the accoun4ng system
D. Nominal ledger includes accounts of assets, liabili4es, expenses, incomes, sales,
purchases and returns

9. Which transac4on would not belong in the pe`y cash book?

A. Payment for coffee

B. Payment for loan interest
C. Payment for petrol
D. Payment for postage
 4

10. On 1 July the pe`y cash balance equalled the imprest amount of $250. During July
the pe`y cashier spent $95 and received a refund for cleaning materials of $12.

What entry will be made on 31 July to restore the imprest?

Debit Credit
A. Bank $83 Pe`y Cash Book $83
B. Bank $95 Pe`y Cash Book $95
C. Pe`y cash book $83 Bank $83
D. Pe`y cash book $95 Bank $95

11. Which document from a supplier reduces the amount owed by a customer?

A. Credit note
B. Debit note
C. Invoice
D. Statement of account

12. A credit customer buys goods with a list price of $3000. Trade discount is 25% and
cash discount is 6%.

Which amount is entered in the customer’s account to record the sale?

A. $2070
B. $2115
C. $2250
D. $2820

13. Roxy ordered 200 computers components from Prooja. Each component was priced
at $20.95. Pooja allowed a trade discount of 5 per cent. What was the total of the
invoice that Roxy received?

A. $3580.90
B. $3890.50
C. $3950.80
D. $3980.50

14. In which book of prime entry is the purchase of a non-current asset on credit
recorded?

A. Cash book
B. General journal
C. Purchases journal
D. Purchases returns journal
 5

15. Where are the credit customer’s accounts found in a sole trader’s books of account?

A. Purchases journal
B. Purchases ledger
C. Sales journal
D. Sales ledger
 EZONE ACADEMY PARKCITY HOMESCHOOL
Cambridge International General Certificate of Secondary Education

STUDENT’S
NAME

EXAM TOTAL
DATE MARKS

Accounting 0452
Part 2 Structured Written Paper July 2023
1 hour
You must answer on the question paper

No additional materials are needed.

READ THESE INSTRUCTIONS FIRST

• Write your full name, as per name in your Identity Card (IC).
• Answer all questions.
• Use a black or dark blue pen. You may use an HB pencil for any diagrams or graphs.
• Write your answer to each question in the space provided.
• Do not use an erasable pen or correction fluid.
• Do not write on any bar codes.
• You may use a calculator.
• International accounting terms and formats should be used as appropriate.
• You should show your workings.
INFORMATION
• The total mark for this paper is 50.
• The number of marks for each question or part question is shown in brackets [ ].
• Where you are asked to complete a layout, you may not need all the lines for your answer.

This document consists of _ 6__ printed pages and ___ blank pages.
 2

1. Preparing a trial balance from a list of accounts

On 31 December 2014 the owner of a business, Sarah, extracted the following list of
balances from the accounAng system:

Account $
AdverAsing 600
Bank Loan 7000
Capital 10500
Inventory at 31 December 2014
Cash at bank 1200
Drawings 2300
General expenses 700
Purchases 6100
Sales 8800
Trade payables 400
Trade receivables 900
Vehicles 14900

Prepare a trial balance dated 31 December 2014.

Trial Balance for Sarah for _______________________________

Debit $ Credit $

[11]
 3

2. On 1 March 2015 the balance of Kuda Maposa’s peZy cash book was $100 which was
equal to the amount of the imprest.

Her transacAons for the month of March 2015 were as follows.

$
March 6 Paid for postage costs 13
11 Bought tea and coffee 5
14 Purchased staAonery 27
18 Paid T Masuka, a credit supplier 15
21 Received refund for damaged staAonery 10
26 Paid window cleaner 12
29 Paid P Zhonga, a credit supplier 16

A. Enter these transacAons in Kuda Maposa’s peZy cash book on the page opposite.
Balance the peZy cash book and bring down the balance on 1 April 2015.Quaid is a trader.
His transacAons in October 20-9 included the following:
4
 5

B. State the amount required to restore the imprest on 1 April 2015.

C. Name the account which would be credited with this amount.

[15]

3.
20-9
Oct 1 Purchased goods from Kate for $2200, less 20% trade discount
4 Sold goods to Emily for $4600, less 15% trade discount
8 Returned goods to Kate purchased on 1 October, list price $40
13 Purchased goods from Sienna for $1300
15 Emily returned goods purchased on 4 October, list price $1200
16 Sold goods to Emily for $3400, less 15% trade discount
28 Returned goods to Sienna at list price, $75

A. Prepare the journals by entering these transacAons in Quaid’s sales, purchases and
returns journals for October 20-9.
B. Prepare the following account in Quaid’s ledger for October 20-9:
sales, purchases, sales returns, purchases returns, Kate, Emily and Sienna.
C. Balance accounts of Kate, Emily and Sienna [24]

Quaid
Purchases Journal
Date Name Amount

Purchases Returns Journal

Date Name Amount
 6

Sales Journal
Date Name Amount

Sales Returns Journal

Date Name Amount
7