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ACCOUNTING Paper 2 Structured Written Paper with Merged Marking Scheme 0985/22 $8.49   Add to cart

Exam (elaborations)

ACCOUNTING Paper 2 Structured Written Paper with Merged Marking Scheme 0985/22

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

1 Bilal is a trader. He buys goods on credit and for cash. He sells goods on a cash basis only. The following transactions took place in April 2020. April 4 Bought goods on credit from Milly, list price $320, subject to a trade discount of 20% 5 Bought goods on credit from EHL Limited, $500 ...

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  • October 19, 2024
  • 32
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • ACCOUNTING 0985 Paper 2
  • ACCOUNTING 0985 Paper 2
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masigaderic
Cambridge IGCSE (9–1)




ACCOUNTING Paper 2 Structured Written Paper with Merged Marking Scheme 0985/22
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 20 pages. Blank pages are indicated.


DC (RW) 198533
© UCLES 2020 [Turn over

, 2

1 Bilal is a trader. He buys goods on credit and for cash. He sells goods on a cash basis only.

The following transactions took place in April 2020.

April 4 Bought goods on credit from Milly, list price $320, subject to a trade discount of 20%

5 Bought goods on credit from EHL Limited, $500

6 Bought stationery, $145, paying by cheque

8 Cash sales, $280, were paid immediately into Bilal’s bank account

10 Paid $128 cash to Milly

12 Cash sales, $110

13 Bought goods on credit, $250, from Todd who offers 4% cash discount for payments
made within 14 days

17 Bought office equipment, $500, paying by bank transfer

21 Paid by cheque for the goods purchased from Todd on 13 April after deducting the cash
discount

24 Paid $485 to EHL Limited by telephone transfer, having deducted 3% cash discount

28 Sold old office equipment for $50 cash

REQUIRED

(a) Prepare the purchases journal for April 2020.

Total the journal and indicate the ledger account to which the total would be posted.

Bilal
Purchases journal

Date Details $ $

……..….... ………………………………………………............. …………... ………......

………...... ………………………………………………............. …………... …………..

……..….... ………………………………………………............. …………... …………..

………...... ………………………………………………............. …………... ………......

………...... ………………………………………………............. …………... ………......

………...... ………………………………………………............. ………….. …………...

[4]

(b) Complete Bilal’s cash book on the page opposite.

Balance the cash book and bring down the balances on 1 May 2020.

© UCLES 2020 0985/22/M/J/20

,© UCLES 2020

Bilal
Cash Book

Date Details Discount Cash Bank Date Details Discount Cash Bank
allowed received
2020 $ $ $ 2020 $ $ $

April 1 Balance b/d ................ 160 1960 ........... ......................................... ............... ............... …...........

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

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

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

........... ........................................ ................ ............... ............... .......... ......................................... ............... ............... ...............
0985/22/M/J/20




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




3
........... ........................................ ................ ............... .............. ........... ......................................... ............... ............... ...............

.......... ....................................... ................ ............... ............... ........... ......................................... ............... .............. ...............
.
.......... ........................................ ................ ............... ............... …....... ......................................... ............... .............. ...............

…....... …..................................... …............ …............ …............ …....... …..................................... ............... …........... …...........

……… …..................................... …............ …........... …........... …....... …..................................... …............ …........... …...........

……… …..................................... …............ …........... …........... …....... …..................................... …............ …........... …...........

[12]
[Turn over

, 4

(c) Name one accounting principle applied by Bilal in each of the following situations.

accounting principle
The double entry for the posting of the purchases journal
entries is completed by posting the individual amounts to
the purchases ledger.
The purchase of goods on 5 April did not include goods
costing $55 which Bilal bought for his own use.
The stationery purchased on 6 April had been recycled.
This is expected to improve the reputation of the business.
Reputation is not recorded in the accounting statements.
The value of office equipment shown in the financial
statements was based on its purchase price.
[4]

[Total: 20]




© UCLES 2020 0985/22/M/J/20

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