IGCSEAccountingCambridge (CIE)Exam Questions2. Sources & Recording of DataDouble Entry Book-keeping with Ledger Accounts

Double Entry Book-keeping with Ledger Accounts (Cambridge (CIE) IGCSE Accounting): Exam Questions

Exam code: 0452 & 0985

37 mins20 questions

Select a download format for Double Entry Book-keeping with Ledger Accounts

Scroll for more

Select an answer set to view for
Double Entry Book-keeping with Ledger Accounts

1
Sme Calculator5 marks

Mariam is a credit customer of Shahid.

The following incomplete statement of account was available on 31 August 2017.

STATEMENT OF ACCOUNT
Shahid
44 Narrow Lane, Anytown

Mariam
The Avenue
Weston

31 August 2017

Date

Reference

Debit
$

Credit
$

Balance
$

2017 Aug 1

Balance due

520

9

Goods

340

860

13

Returns

24

?

24

Payment

507

?

Discount

13

?

REQUIRED

Prepare the account of Shahid as it would appear in the ledger of Mariam.

Balance the account and bring down the balance on 1 September 2017.

Mariam
Shahid account

Date

Details

$

Date

Details

$

How did you do?

2
Sme Calculator4 marks

Omer is a trader.

The following transactions took place in April 2023

April 7

Paid $360 to a supplier, Alexander, by telephone transfer

12

Purchased goods, $340, on credit from Alexander

27

Paid $323 by cheque to Alexander, having deducted $17 cash discount

28

Purchased goods, $235, on credit from Alexander

REQUIRED

Prepare the account for Alexander for April 2023. Balance the account and bring down the balance at 1 May 2023.

Omer
Alexander account

Date

Details

$

Date

Details

$

2023

Apr 1

Balance b/d

360

How did you do?

3
Sme Calculator4 marks

Shvan makes payments to Giles from his bank account as well as by cash. All payments of less than $75 are made from petty cash. He provided the following information.

March 1

Owed Giles, $165, from February

2

Paid $55 to Giles, a trade payable

13

Paid Giles the amount outstanding on his account, by cheque

22

Purchased goods on credit from Giles, list price $150, subject to a trade discount of 4%

Prepare the account for Giles as it would appear in the books of Shvan. Balance the account at 31 March 2023 and bring down the balance at 1 April 2023.

Shvan
Giles account

Date

Details

$

Date

Details

$

How did you do?

4
Sme Calculator6 marks

Seok buys and sells goods on credit. He allows a credit customer, Naomi, trade discount of 10%. All customers pay Seok by bank transfer.

The following balance was extracted from Seok’s sales ledger at 1 August 2023.

$

Naomi

450

The following transactions took place in August 2023.

Aug 3

Sold goods on credit, to Naomi, list price $410

10

Naomi returned goods, list price $20

11

Naomi paid $423 in full settlement of the amount she owed at 1 August

22

Sold goods on credit, to Naomi, list price $230

REQUIRED

Prepare the account for Naomi for August 2023 as it would appear in the books of Seok. Balance the account and bring down the balance at 1 September 2023.

Seok
Naomi account

Date

Details

$

Date

Details

$

How did you do?

53 marks

Logan is a trader who sells goods on credit. His year end is 30 September. Logan has provided the following information.

$

At 1 October 2022

     Inventory

8 400

At 30 September 2023

     Inventory

8 675

The provision for doubtful debts is to be maintained at 4% of trade receivables.

REQUIRED

Prepare the inventory account for the year ended 30 September 2023.

Logan
Inventory account

Date

Details

$

Date

Details

$

How did you do?