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ACCOUNTING Paper 1 Multiple Choice With Merged Marking Scheme 0452/12 $7.99
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ACCOUNTING Paper 1 Multiple Choice With Merged Marking Scheme 0452/12

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  • ACCOUNTING 0452
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  • ACCOUNTING 0452

1 A business employs a book-keeper and an accountant. Which task would the accountant perform? A extracting balances from the ledger accounts to produce a trial balance B making entries in the general journal to adjust a provision for doubtful debts C preparing a monthly report that analyse...

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  • October 19, 2024
  • 19
  • 2024/2025
  • Exam (elaborations)
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  • accounting paper 1 multiple choice with merged mar

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  • ACCOUNTING 0452
  • ACCOUNTING 0452

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Cambridge IGCSE

ACCOUNTING Paper 1 Multiple Choice With Merged Marking Scheme 0452/12
February/March 2024
1 hour 15 minutes

You must answer on the multiple-choice answer sheet.

You will need: Multiple choice answer sheet
Soft clean eraser
Soft pencil (type B or HB is recommended)

INSTRUCTIONS
• There are thirty-five questions on this paper. Answer all questions.
• For each question there are four possible answers A, B, C and D. Choose the one you consider correct
and record your choice in soft pencil on the multiple choice answer sheet.
• Follow the instructions on the multiple choice answer sheet.
• Write in soft pencil.
• Write your name, centre number and candidate number on the multiple choice answer sheet in the
spaces provided unless this has been done for you.
• Do not use correction fluid.
• Do not write on any bar codes.
• You may use a calculator.


INFORMATION
• The total mark for this paper is 35.
• Each correct answer will score one mark.
• Any rough working should be done on this question paper.




This document has 16 pages. Any blank pages are indicated.


IB21 03_0452_12/3RP

, 2

1 A business employs a book-keeper and an accountant.

Which task would the accountant perform?

A extracting balances from the ledger accounts to produce a trial balance
B making entries in the general journal to adjust a provision for doubtful debts
C preparing a monthly report that analyses the profitability of the company
D recording sales and purchase invoices in the books of prime entry


2 What are assets?

amounts owed amounts owed items owned
to a business by a business by a business

A no no yes
B no yes yes
C yes no yes
D yes yes no


3 On 15 February, Kalou made the following entries in his accounts.

debit $ credit $

bank 228 Droghba 240
discount allowed 12

Which transaction was being recorded?

A Droghba paid Kalou by cheque after taking a cash discount.
B Droghba paid Kalou by cheque after taking a trade discount.
C Kalou paid Droghba by cheque after taking a cash discount.
D Kalou paid Droghba by cheque after taking a trade discount.




© UCLES 2021 0452/12/F/M/21

, 3

4 Jai is a manufacturer. On 1 February he purchased a machine costing $15 000 from Vinita. He
paid $10 000 immediately with a cheque from his personal bank account. The balance was to be
paid in June.

Which entries did Jai make on 1 February?

accounts debited $ accounts credited $

A machinery 10 000 bank 10 000
B machinery 10 000 capital 10 000
C machinery 15 000 bank 10 000
Vinita 5 000
D machinery 15 000 capital 10 000
Vinita 5 000


5 Jameel’s financial year ends on 31 December. On 1 January 2021 he brought down a debit
balance on his stationery account.

What does this balance represent?

A amount owing for stationery on 1 January 2021
B amount paid for stationery during 2020
C cost of stationery used during 2020
D inventory of stationery on 1 January 2021


6 Daksha returned goods to Amina.

Which entries did Daksha make in her books?

debit entry credit entry
account ledger account ledger

A Amina general purchases returns purchases
B Amina purchases purchases returns general
C purchases returns general Amina purchases
D purchases returns purchases Amina general


7 Which book of prime entry is written up from the copies of credit notes issued by a trader?

A purchases journal
B purchases returns journal
C sales journal
D sales returns journal


© UCLES 2021 0452/12/F/M/21 [Turn over

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