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ACCOUNTING Paper 2 Structured Written Paper with Marking Scheme 0985/21 9,36 €
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ACCOUNTING Paper 2 Structured Written Paper with Marking Scheme 0985/21

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  • ACCOUNTING 0985 Paper 2
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  • ACCOUNTING 0985 Paper 2

Rahat is a trader. The following transactions took place in March 2021. March 3 Cash sales, $580, were paid directly into Rahat’s business bank account 6 Paid insurance, $360, by direct debit 9 Paid $196 to GH Limited by telephone transfer, having deducted 2% cash discount from ...

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  • 19 de octubre de 2024
  • 44
  • 2024/2025
  • Examen
  • Preguntas y respuestas

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  • accounting paper 2 structured written paper wi

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  • ACCOUNTING 0985 Paper 2
  • ACCOUNTING 0985 Paper 2

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Cambridge IGCSE (9–1)




ACCOUNTING Paper 2 Structured Written Paper with Marking Scheme 0985/21
May/June 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 24 pages. Any blank pages are indicated.


DC (JP) 214310
© UCLES 2021 [Turn over

, 2

1 Rahat is a trader.

The following transactions took place in March 2021.

March 3 Cash sales, $580, were paid directly into Rahat’s business bank account

6 Paid insurance, $360, by direct debit

9 Paid $196 to GH Limited by telephone transfer, having deducted 2% cash
discount from the amount due

13 Paid $75 cash for stationery

17 Cash sales, $140

27 Sold old office equipment to Burgess, who paid $50 by cheque in full settlement

30 Paid $340 to Colin by cheque in full settlement of a debt of $350

REQUIRED

(a) Complete Rahat’s cash book on the page opposite.
Balance the cash book and bring down the balances on 1 April 2021.




© UCLES 2021 0985/21/M/J/21

,© UCLES 2021

Rahat
Cash Book
Date Details Discount Cash Bank Date Details Discount Cash Bank
allowed received
2021 $ $ $ 2021 $ $ $

March 1 Balance b/d .............. 150 ................ March 1 Balance b/d .............. ................ 1980

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0985/21/M/J/21




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3
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[11]
[Turn over

, 4

(b) Complete the following table by placing a tick (✓) in the correct column to indicate whether
each item would be used to update the cash book or would appear in the bank reconciliation
statement.

Update the Bank
cash book reconciliation
statement
Cheque from Burgess dishonoured

Cheque to Colin unpresented

Overdraft interest

Standing order paid for rates
[4]

Rahat is concerned about the level of her bank overdraft. She is considering applying for a bank
loan. This would enable her to pay off her bank overdraft and to purchase new office furniture.

REQUIRED

(c) Advise Rahat whether she should apply for the bank loan. Justify your answer by providing
two advantages and two disadvantages.

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

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............................................................................................................................................. [5]

[Total: 20]




© UCLES 2021 0985/21/M/J/21

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