0452_s12_qp_13.pdf - UNIVERSITY OF CAMBRIDGE INTERNATIONAL...

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This document consists of 19 printed pages and 1 blank page. IB12 06_0452_13_RP © UCLES 2012 [Turn over *6309166617 * For Examiner's Use 1 2 3 4 5 6 Total UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education ACCOUNTING 0452/13 Paper 1 May/June 2012 1 hour 45 minutes Candidates answer on the Question Paper. No Additional Materials are required. READ THESE INSTRUCTIONS FIRST 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 a soft pencil for any diagrams or graphs. Do not use staples, paper clips, highlighters, glue or correction fluid. DO NOT WRITE IN ANY BARCODES. Answer all questions. You may use a calculator. Where layouts are to be completed, you may not need all the lines for your answer. The businesses mentioned in this Question Paper are fictitious. At the end of the examination, fasten all your work securely together. The number of marks is given in brackets [ ] at the end of each question or part question.
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2 © UCLES 2012 0452/13/M/J/12 For Examiner's Use There are 10 parts to Question 1. For each of the parts (a) to (j) below there are four possible answers A , B , C and D . Choose the one you consider correct and place a tick ( ) in the box to indicate the correct answer. 1 (a) In which book of prime (original) entry are invoices issued by a trader recorded? A purchases journal B purchases returns journal C sales journal D sales returns journal [1] (b) Where are the personal accounts of customers who buy goods on credit found? A purchases journal B purchases ledger C sales journal D sales ledger [1] (c) A trader has received a bank statement and brought his cash book up to date. Which item will be included in the trader’s bank reconciliation statement? A bank charges B bank interest C direct debits D unpresented cheques [1]
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3 © UCLES 2012 0452/13/M/J/12 [Turn over For Examiner's Use (d) K Lain owns a bakery shop. Which of the following are capital expenditure? 1 motor vehicle 2 petrol for motor vehicle 3 shop fixtures 4 wages of bakers A 1 and 3 B 1, 2 and 3 C 2 and 4 D 2, 3 and 4 [1] (e) What is the effect of providing for depreciation? A It increases profit. B It reduces profit. C It extends the life of non-current assets. D It increases the cash balance. [1] (f) On which basis should inventory be valued? A the higher of cost and net realisable value B the lower of cost and net realisable value C the higher of selling price and net realisable value D the lower of selling price and net realisable value [1]
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4 © UCLES 2012 0452/13/M/J/12 For Examiner's Use (g) In December 2010 Imran wrote off Ahmed’s debt of $50. On 30 April 2012 Ahmed sent a cheque for $50.
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