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ACCOUNTING Paper 2 Structured Written Paper With Merged Marking Scheme 0452/22
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  • ACCOUNTING 0452
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  • ACCOUNTING 0452

1 Amara maintains a petty cash book using the imprest system. The imprest amount of $200 is restored on the first day of each month. On 1 January 2020 Amara had a balance of $65 in her petty cash. All payments of less than $100 are made from petty cash. On 1 January 2020, Amara owed $...

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  • October 19, 2024
  • 34
  • 2024/2025
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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 Merged Marking Scheme 0452/22
February/March 2024

1 hour 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. Blank pages are indicated.


DC (RCL (GO)) 186087/2
© UCLES 2020 [Turn over

, 2

1 Amara maintains a petty cash book using the imprest system. The imprest amount of $200 is
restored on the first day of each month. On 1 January 2020 Amara had a balance of $65 in her
petty cash.

All payments of less than $100 are made from petty cash.

On 1 January 2020, Amara owed $85 to Razvan, a credit supplier.

Amara provided the following information for January 2020.

January 1 The petty cash imprest was restored from the business bank account.

3 Purchased stationery for cash, $24

7 Paid travelling expenses, $49

14 Paid Razvan the amount outstanding on his account

19 Purchased goods on credit from Razvan, $200 less 10% trade discount

22 Paid taxi fare, $18

28 Returned goods to Razvan which had been purchased on 19 January, list price
$40

29 Paid postage, $11

REQUIRED

(a) Prepare Amara’s petty cash book for the month of January 2020, on the page opposite.

Balance the petty cash book and bring down the balance on 1 February 2020.




© UCLES 2020 0452/22/F/M/20

,© UCLES 2020

Amara
Petty Cash Book

Total Date Details Total Travel Postage and Ledger
received paid stationery accounts
$ $ $ $ $

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0452/22/F/M/20




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[Turn over




[10]

, 4

Amara’s supplier, Razvan, maintains a full set of accounting records.

REQUIRED

(b) Prepare the account of Amara as it would appear in the ledger of Razvan.

Balance the account and bring down the balance on 1 February 2020.

Razvan
Amara account

Date Details $ Date Details $

……….... …………………………………… ………..... ……….... …………………………………. ……….....

……….... …………………………………… ………..... ……….... …………………………….…… ……….....

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[6]

On 2 February 2020 Amara paid the balance due to Razvan. She deducted cash discount of 2%.

REQUIRED

(c) Complete the following table by placing a tick (✓) in the correct column to show how Razvan
should record the cash discount. Where an account has no entry, tick ‘no entry’.

debit credit no entry
Amara account
Discount allowed account
Discount received account
[2]

Amara usually pays Razvan by cash or cheque.

REQUIRED

(d) State two other methods which Amara could use to pay Razvan from her bank account.

1 ..............................................................................................................................................................

2 ......................................................................................................................................... [2]

[Total: 20]


© UCLES 2020 0452/22/F/M/20

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