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ACCOUNTING Paper 1 Multiple Choice with Marking Scheme 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) 0452/12 $7.99
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ACCOUNTING Paper 1 Multiple Choice with Marking Scheme 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) 0452/12
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Course
ACCOUNTING 0452
Institution
ACCOUNTING 0452
1 Which task would be carried out by a book-keeper but not an accountant?
A comparing one year's results with those of previous years
B interpreting the accounting records
C preparing financial statements
D recording transactions in the ledgers and cash book
2 A business provided the foll...
ACCOUNTING Paper 1 Multiple Choice with Marking Scheme 0452/12
February/March 2020
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. A mark will not be deducted for a wrong answer.
• Any rough working should be done on this question paper.
This document has 12 pages. Blank pages are indicated.
1 Which task would be carried out by a book-keeper but not an accountant?
A comparing one year's results with those of previous years
B interpreting the accounting records
C preparing financial statements
D recording transactions in the ledgers and cash book
2 A business provided the following information on 1 February 2019.
$
non-current assets 75 000
current assets 40 000
current liabilities 25 000
The business made a profit of $10 000 for the year ended 31 January 2020.
The owner did not make any drawings during the year.
What was the capital on 31 January 2020?
A $35 000 B $50 000 C $70 000 D $100 000
3 Dilip is a manufacturer. He purchased a machine on credit from Sachin.
How did Dilip record this?
account to account to
be debited be credited
A machinery Sachin
B purchases Sachin
C Sachin machinery
D Sachin purchases
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