There are 10 parts to Question 1.
For each of the parts (a) to (j) 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) Faraz buys and sells new and used motor vehicles. He purchased a us...
Cambridge Assessment International Education
Cambridge International General Certificate of Secondary Education
ACCOUNTING Paper 1 with Marking Scheme 0452/12
February/March 2024
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 an HB pencil for any diagrams or graphs.
Do not use staples, paper clips, 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.
For each of the parts (a) to (j) 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) Faraz buys and sells new and used motor vehicles. He purchased a used motor vehicle from
Tahir for $7000 which he paid for by cheque.
How would Faraz record this transaction?
account debited account credited
A motor vehicles bank
B motor vehicles Tahir
C purchases bank
D purchases Tahir [1]
(b) Kala had the following assets and liabilities on 1 February 2019.
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