0452_s12_qp_12.pdf - UNIVERSITY OF CAMBRIDGE INTERNATIONAL...

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This document consists of 20 printed pages. IB12 06_0452_12_9RP © UCLES 2012 [Turn over *6100309263* For Examiner's Use 1 2 3 4 5 6 Total UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education ACCOUNTING 0452/12 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 0452/12/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) Beth sold goods on credit to Peter. It was later discovered that Peter had been overcharged. Which document will Beth send to Peter to correct the error? A credit note B debit note C invoice D statement [1] (b) Where are the balances of carriage inwards and carriage outwards shown in the trial balance? debit column credit column A carriage inwards carriage outwards B carriage outwards carriage inwards C carriage inwards carriage outwards D carriage inwards carriage outwards [1] (c) A trader purchased stationery for office use. This was entered in the ledger as purchase of goods for resale. Which entry will correct this error? account debited account credited A purchases stationery B stationery purchases C stationery sales D sales purchases [1]
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3 © UCLES 2012 0452/12/M/J/12 [Turn over For Examiner's Use (d) A trader maintains a sales ledger control account. From which books of prime (original) entry would he obtain the totals for cash discounts and goods returned? discounts goods returned A cash book – discount allowed column purchases returns journal B cash book – discount allowed column sales returns journal C cash book – discount received column purchases returns journal D cash book – discount received column sales returns journal [1] (e) David owes $1000 to Parvinder. He pays 90% of the debt. Parvinder writes off the remaining debt. What entry will Parvinder make to write off the bad debt? account to be debited $ account to be credited $ A bad debts 100 David 100 B David 100 bad debts 100 C bad debts 900 David 900 D David 900 bad debts 900 [1] (f) Which is a current asset?
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