0452_s12_qp_22.pdf - UNIVERSITY OF CAMBRIDGE INTERNATIONAL...

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This document consists of 19 printed pages and 1 blank page. IB12 06_0452_22/6RP © UCLES 2012 [Turn over *2725653254* For Examiner's Use 1 2 3 4 5 Total UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education ACCOUNTING 0452/22 Paper 2 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 0452/22/M/J/12 For Examiner's Use 1 Dalia Said is a trader. She maintains a full set of accounting records. She purchases and sells goods on credit. The following transactions took place in March 2012. March 2 Bought goods, $1950, on credit from Essam Wholesalers 8 Bought goods on credit from Ramy El Din, list price $680, subject to a trade discount of 20% 14 Returned goods, list price $120, to Ramy El Din 21 Paid the balance owing to Essam Wholesalers by cheque, less 2% cash discount 28 Paid a cheque for $300 on account to Ramy El Din REQUIRED (a) Write up the purchases journal and the purchases returns journal for March 2012. Total each journal and indicate the ledger account to which the total would be transferred. Dalia Said Purchases journal Date Details $ $ [3] Purchases returns journal Date Details $ $ [2]
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3 © UCLES 2012 0452/22/M/J/12 [Turn over For Examiner's Use (b) Write up the accounts of Essam Wholesalers and Ramy El Din as they would appear in Dalia Said’s ledger for the month of March 2012. There was no balance on either of these accounts on 1 March 2012. Where traditional “T” accounts are used they should be balanced and the balance brought down. If there is no balance the account should be totalled. Where three-column running balance accounts are used the balance column should be updated after each entry. Dalia Said Essam Wholesalers account [3] Ramy El Din account [4] (c) Name the ledger in which Dalia Said would maintain the accounts of Essam Wholesalers and Ramy El Din. [1]
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4 © UCLES 2012 0452/22/M/J/12 For Examiner's Use Dalia Said’s total purchases for the year ended 31 March 2012 were $33 400. On 31 March 2012 her trade payables amounted to $2600. Dalia Said is allowed a period of 30 days in which to pay her accounts. REQUIRED (d) Calculate the payment period for the trade payables.
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