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Initial(s)
Centre
Paper Reference
No.
7 0 1 1 0 1
Candidate
Signature
No.
Paper Reference(s)
GCE
Accounting Question Leave
Number Blank
Ordinary Level 1
Time: 3 hours 3
4
5
Materials required for examination Items included with question papers 6
Nil Source booklet
Instructions to Candidates
In the boxes above, write your centre number, candidate number, your surname, initial(s) and
signature.
Answer BOTH questions in Section A and ALL questions in Section B.
All calculations must be shown.
Write your answers in the spaces provided in this question paper.
Do not return the insert with the question paper.
Information for Candidates
The marks for individual questions and the parts of questions are shown in round brackets: e.g. (2).
There are 6 questions in this question paper. The total mark for this paper is 200.
There are 24 pages in this question paper. Any blank pages are indicated.
Calculators may be used.
The source material for use with questions 1 to 6 is in the enclosed source booklet.
Advice to Candidates
Write your answers neatly and in good English.
Total
This publication may be reproduced only in accordance with
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Edexcel Limited copyright policy.
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2009 Edexcel Limited.
Printers Log. No.
M33412A
W850/7011/57570 4/4/4/3/
Source material for use with question 1 can be found on pages 2 and 3 of the source booklet.
1. (a) Prepare Kofi Appiahs sales day book and sales returns day book, showing columns
for goods, VAT and total.
(12)
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(b) Prepare the account of Vernon Chan in the ledger of Kofi Appiah. Balance the account
at 30 April 2009 and bring down the balance to begin the next month.
Vernon Chan Account
(10)
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(4)
(d) Prepare Kofi Appiahs petty cash book for the period from 1 April to 14 April.
Balance off the petty cash book to show the final balance. (There is no need to bring
this balance down.)
(18)
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(e) What actions might the petty cashier take if the amount of money in the petty cash
box did not equal the balance on the petty cash book?
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(4) Q1
(Total 48 marks)
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2. (a) prepare the trading account and profit and loss account for the year ended 31 March
2009;
Trading and Profit & Loss Account for the year ended 31 March 2009
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(22)
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(22)
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(4) Q2
(Total 48 marks)
TOTAL FOR SECTION A: 96 MARKS
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Source material for use with question 3 can be found on page 6 of the source booklet.
3. (a) Showing your workings, calculate for both 2007 and 2008 (to two decimal places):
Current Ratio
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(iv) bad debts as a percentage of debtors.
(12)
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(b) Evaluate her claim, making equal reference in your answer to her profitability and
liquidity.
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(10)
(c) Give two ways in which a business could increase its working capital.
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(4) Q3
(Total 26 marks)
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4. (a) Update Pedro Garcias cash book to find the balance at 30 April 2009.
Cash Book
(6)
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(b) Prepare a bank reconciliation statement at 30 April 2009 to reconcile the bank
statement balance with the up-to-date cash book balance.
(10)
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(10) Q4
(Total 26 marks)
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Source material for use with question 5 can be found on page 8 of the source booklet.
5. (a) Prepare the computer account in Ram Singhs ledger for the years ended 31 December
2007 and 31 December 2008.
(4)
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Provision for Depreciation Account for years ended 31 December 2007 and 2008
(7)
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(c) Prepare the disposal account for the computer system at 31 December 2008.
(7)
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(8) Q5
(Total 26 marks)
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Source material for use with question 6 can be found on page 9 of the source booklet.
6. (a) Prepare Vasos trading and profit & loss account for the year ended 31 December
2008. Show all your calculations.
Trading and Profit & Loss Account for the Year ended 31 December 2008
(14)
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(12) Q6
(Total 26 marks)
TOTAL FOR SECTION B: 104 MARKS
TOTAL FOR PAPER: 200 MARKS
END
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