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ACCOUNTING 0985/22 Paper 2 Structured Written Paper with MARKING SCHEME October/November 2024 $8.99   Add to cart

Exam (elaborations)

ACCOUNTING 0985/22 Paper 2 Structured Written Paper with MARKING SCHEME October/November 2024

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  • Course
  • ACCOUNTING 0985 Paper 2
  • Institution
  • ACCOUNTING 0985 Paper 2

Ayesha is a trader who maintains a full set of accounting records and prepares control accounts at the end of each month. She provided the following information for the month of August 2021. On 1 August $ Sales ledger control account debit balance 9 800 Sales ledger control accoun...

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  • October 19, 2024
  • 35
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • ACCOUNTING 0985 Paper 2
  • ACCOUNTING 0985 Paper 2
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masigaderic
Cambridge IGCSE (9–1)




ACCOUNTING 0985/22
Paper 2 Structured Written Paper with MARKING SCHEME October/November 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. Any blank pages are indicated.


DC (RW) 222136
© UCLES 2021 [Turn over

, 2

1 Ayesha is a trader who maintains a full set of accounting records and prepares control accounts at
the end of each month.

She provided the following information for the month of August 2021.

$
On 1 August
Sales ledger control account debit balance 9 800
Sales ledger control account credit balance 420
Purchases ledger control account credit balance 7 700

Totals for the month
Credit sales 88 850
Credit purchases 55 400
Cash purchases 1 860
Receipts from customers 82 100
Payments to credit suppliers 50 600
Discount received 600
Discount allowed 900
Irrecoverable debt written off 300
Provision for doubtful debts 450
Sales returns 2 400
Interest charged to customer on overdue account 90
Contra between sales ledger and purchases ledger 2 920

The sales ledger control account credit balance brought down on 1 September 2021 was $350.

REQUIRED

(a) Prepare the sales ledger control account and the purchases ledger control account for August
2021.

Balance the accounts and bring down the balances on 1 September 2021.




© UCLES 2021 0985/22/O/N/21

, 3

Ayesha
Sales ledger control account

Date Details $ Date Details $
2021 2021
.......... ..................................... ............... .......... ..................................... ...............

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

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

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

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

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

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

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

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

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

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




Purchases ledger control account

Date Details $ Date Details $
2021 2021
.......... ..................................... ............... .......... ..................................... ...............

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

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

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

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

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

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

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

[14]




© UCLES 2021 0985/22/O/N/21 [Turn over

, 4

(b) Name the book of prime entry which Ayesha would use to obtain the following information
when preparing her sales ledger control account.

Item Book of prime entry

Returns

Discount allowed

Interest charged to customer on overdue
account

Contra entry

[4]

(c) Suggest two reasons why the sales ledger control account had a credit balance of $420 on
1 August 2021.

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

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

2 ................................................................................................................................................

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

[Total: 20]




© UCLES 2021 0985/22/O/N/21

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