Accounting > Edexcel > 2022 pearson june booklet + mark scheme Edexcel International GCSE 4AC1/01R Accounting Level 1/2 PAP (All)

2022 pearson june booklet + mark scheme Edexcel International GCSE 4AC1/01R Accounting Level 1/2 PAPER 1: Introduction to Bookkeeping and Accounting

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SECTION A Answer ALL questions. Write your answers in the spaces provided. For questions 1–10, choose an answer A, B, C or D, and put a cross in the box . If you change your mind about an answer, ... put a line through the box and then mark your new answer with a cross . 1 Identify which is an asset. A Bank overdraft B Other payables C Other receivables D Trade payables (Total for Question 1 = 1 mark) 2 Identify which account is maintained in the trade receivables ledger. A Customer's account B Purchases account C Sales account D Supplier's account (Total for Question 2 = 1 mark) 3 Identify which source document would show bank interest paid. A Bank statement B Cheque counterfoil C Credit note D Invoice (Total for Question 3 = 1 mark) *P71573A0324* Turn over 3 4 Identify which statement is correct. A bank reconciliation statement is: A a record of bank charges B part of the double entry C prepared by the bank D prepared by the trader (Total for Question 4 = 1 mark) 5 Identify which account always has a debit balance. A Bank loan B Drawings C Equity D Interest received (Total for Question 5 = 1 mark) 6 Identify where an expense owing is shown in the statement of financial position. A Current assets: Other payables B Current assets: Other receivables C Current liabilities: Other payables D Current liabilities: Other receivables (Total for Question 6 = 1 mark) 7 Identify where the total of the discounts column on the credit side of a three column cash book is posted. A Credit discount allowed B Credit discount received C Debit discount allowed D Debit discount received [Show More]

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