ACCOUNTING Paper 2 Structured Written Paper with Marking Scheme 0452/22
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Course
ACCOUNTING 0452
Institution
ACCOUNTING 0452
1 Nazmeen started in business as a hairdresser on 1 January 2022. She purchases her hairdressing
supplies on credit and uses the imprest system for her petty cash.
Nazmeen’s assets and liabilities at 1 January 2022 were as follows:
$
Motor vehicle 11 000
Balance at bank 2 300
Petty...
ACCOUNTING Paper 2 Structured Written Paper with Marking Scheme 0452/22
February/March 2024
1hour 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.
1 Nazmeen started in business as a hairdresser on 1 January 2022. She purchases her hairdressing
supplies on credit and uses the imprest system for her petty cash.
Nazmeen’s assets and liabilities at 1 January 2022 were as follows:
$
Motor vehicle 11 000
Balance at bank 2 300
Petty cash 200
Bank loan 2 500
REQUIRED
(a) (i) Prepare the general journal entry to record the opening assets and liabilities at
1 January 2022. A narrative is required.
Nazmeen makes all payments of less than $100 by petty cash. The imprest amount, which is
$200, is restored on the first day of each month from the bank account.
Nazmeen provided the following information for January 2022.
January 3 Paid for petrol, $35.
8 Paid for magazines for the reception area, $14.
17 Paid $60 to GL Limited, a trade payable.
26 Paid for vehicle cleaning, $9.
29 Paid $38 to Alim, a trade payable.
Nazmeen receives business documents from her credit suppliers.
REQUIRED
(c) Complete the table below by placing a tick (✓) to indicate which document(s) each item
appears on. The first one is completed for you.
Invoice Credit note Statement
of account
A credit purchase ✓ ✓
The balance owing by Nazmeen to a
supplier at the end of the month
A purchases return
Trade discount deducted from list price
Payment made to a credit supplier
[4]
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