ACCOUNTING Paper 1 Multiple Choice With Merged Marking Scheme 0452/12
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Course
ACCOUNTING 0452
Institution
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...
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.
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
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
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