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Exam (elaborations)

ACCOUNTING Paper 2 Structured Written Paper with Marking Scheme 0452/22

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  • Course
  • ACCOUNTING 0452
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  • ACCOUNTING 0452

1 Nazmeen started in business as a hairdresser on 1 January 2022. She purchases her hairdressing supplies on credit and uses the imprest system for her petty cash. Nazmeen’s assets and liabilities at 1 January 2022 were as follows: $ Motor vehicle 11 000 Balance at bank 2 300 Petty...

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  • October 19, 2024
  • 37
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • accounting paper 2 structured written paper with m

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  • ACCOUNTING 0452
  • ACCOUNTING 0452

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Cambridge IGCSE™




ACCOUNTING Paper 2 Structured Written Paper with Marking Scheme 0452/22
February/March 2024

1hour 45 minutes

You must answer on the question paper.

No additional materials are needed.

INSTRUCTIONS
● Answer all questions.
● Use a black or dark blue pen. You may use an HB pencil for any diagrams or graphs.
● Write your name, centre number and candidate number in the boxes at the top of the page.
● Write your answer to each question in the space provided.
● Do not use an erasable pen or correction fluid.
● Do not write on any bar codes.
● You may use a calculator.
● International accounting terms and formats should be used as appropriate.
● You should show your workings.


INFORMATION
● The total mark for this paper is 100.
● The number of marks for each question or part question is shown in brackets [ ].
● Where you are asked to complete a layout, you may not need all the lines for your answer.




This document has 20 pages. Any blank pages are indicated.


DC (CJ) 303841/3
© UCLES 2022 [Turn over

, 2

1 Nazmeen started in business as a hairdresser on 1 January 2022. She purchases her hairdressing
supplies on credit and uses the imprest system for her petty cash.

Nazmeen’s assets and liabilities at 1 January 2022 were as follows:
$
Motor vehicle 11 000
Balance at bank 2 300
Petty cash 200
Bank loan 2 500

REQUIRED

(a) (i) Prepare the general journal entry to record the opening assets and liabilities at
1 January 2022. A narrative is required.

Nazmeen
General journal

Date Details $ $

................... ................................................................. ................... ...................

................... ................................................................. ................... ...................

................... ................................................................. ................... ...................

................... ................................................................. ................... ...................

................... ................................................................. ................... ...................

................... ................................................................. ................... ...................


[4]

(ii) State one other use of the general journal.

..................................................................................................................................... [1]

Nazmeen makes all payments of less than $100 by petty cash. The imprest amount, which is
$200, is restored on the first day of each month from the bank account.

Nazmeen provided the following information for January 2022.

January 3 Paid for petrol, $35.
8 Paid for magazines for the reception area, $14.
17 Paid $60 to GL Limited, a trade payable.
26 Paid for vehicle cleaning, $9.
29 Paid $38 to Alim, a trade payable.

REQUIRED

(b) (i) Complete Nazmeen’s petty cash book on the following page.
Balance the petty cash book, bring down the balance on 1 February 2022 and restore
the imprest.
© UCLES 2022 0452/22/F/M/22

,© UCLES 2022

Nazmeen
Petty Cash Book
Total Date Details Total Motor Sundry Ledger
received paid expenses expenses accounts
$ $ $ $
$
2022

...................... ...................... ........................................................................... ...................... ...................... ...................... ......................

...................... ...................... ........................................................................... ...................... ...................... ...................... ......................

...................... ...................... ........................................................................... ...................... ...................... ...................... ......................

...................... ...................... ........................................................................... ...................... ...................... ...................... ......................

...................... ...................... ........................................................................... ...................... ...................... ...................... ......................
0452/22/F/M/22




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3
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...................... ...................... ........................................................................... ...................... ...................... ...................... ......................

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...................... ...................... ........................................................................... ...................... ...................... ...................... ......................

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[10]
[Turn over

, 4

(ii) State one advantage of using the imprest system for petty cash.

..................................................................................................................................... [1]

Nazmeen receives business documents from her credit suppliers.

REQUIRED

(c) Complete the table below by placing a tick (✓) to indicate which document(s) each item
appears on. The first one is completed for you.


Invoice Credit note Statement
of account
A credit purchase ✓ ✓
The balance owing by Nazmeen to a
supplier at the end of the month
A purchases return
Trade discount deducted from list price
Payment made to a credit supplier
[4]

[Total: 20]




© UCLES 2022 0452/22/F/M/22

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