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Candidate surname Other names
Centre Number Candidate Number
Pearson Edexcel International GCSE
Wednesday 15 May 2024
Afternoon (Time: 2 hours) Paper
reference 4AC1/01R
Accounting ■ ■
Level 1/2
PAPER 1: Introduction to Bookkeeping and
Accounting
You do not need any other materials. Total Marks
Pearson Edexcel International GCSE Accounting Level 1/2 PAPER 1: Introduction to
Bookkeeping and Accounting QP MAY 2024
Instructions
•• Use black ink or ball-point pen.
Fill in the boxes at the top of this page with your name,
centre number and candidate number.
•• Answer all questions.
Answer the questions in the spaces provided
– there may be more space than you need.
• Calculators may be used.
Information
•• The total mark for this paper is 100.
The marks for each question are shown in brackets
– use this as a guide as to how much time to spend on each question.
Advice
• Read each question carefully before you start to answer it.
• Try to answer every question.
• your answers if you have time at the end.
Check
Answer ALL questions in this section. Write your answers in the spaces provided.
DO NOT WRITE IN THIS AREA
For questions 1–10, choose an answer A, B, C or D, and put a cross in the box .
If you change your mind about an answer, put a line through the box
and then mark your new answer with a cross .
1 Identify where the account of a credit supplier is maintained.
A General journal
B General ledger
C Payables ledger
D Receivables ledger
(Total for Question 1 = 1 mark)
2 Identify where discount allowed is initially recorded.
DO NOT WRITE IN THIS AREA
A Cash book
B General journal
C General ledger
D Purchases journal
(Total for Question 2 = 1 mark)
3 Identify what an opening credit balance of $1 500 in a business bank
account represents.
A Business has an overdraft of $1 500
B Business has $1 500 in the bank
C Owner’s equity is $1 500 DO NOT WRITE IN THIS AREA
D Owner’s equity is $3 000
(Total for Question 3 = 1 mark)
2
■■■■
, 4 Identify when a cash discount is given.
A Payment is made by cash only
DO NOT WRITE IN THIS AREA
B Payment is made by cash or cheque
C Payment is made within an agreed time period
D Payment is made after an agreed time period
(Total for Question 4 = 1 mark)
5 Identify which transaction would be recorded in the receivables ledger.
A Sale of a non-current asset on credit
B Sale of goods on credit
C Sale of a non-current asset for cash
D Sale of goods for cash
(Total for Question 5 = 1 mark)
DO NOT WRITE IN THIS AREA
6 Identify which account would always be shown on the credit side of a trial balance.
A Bank
B Drawings
C Equity
D Petty cash
(Total for Question 6 = 1 mark)
7 Identify which statement describes the imprest system of petty cash.
A The chief cashier has to authorise every payment of petty cash
B The chief cashier regularly monitors the work of the petty cashier
DO NOT WRITE IN THIS AREA
C The petty cashier requests money from the chief cashier as required
D The petty cashier always starts each period with the same amount
of money
(Total for Question 7 = 1 mark)
3
■■■■ Turn over
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