1
1 mark
Which book of original entry is used to record small cash payments?
Journal
Petty cash book
Purchases day book
Three column cash book
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Books of Original Entry (Edexcel IGCSE Accounting: Introduction to Bookkeeping & Accounting): Exam Questions
Exam code: 4AC1
3 hours31 questions
2
1 mark
Which transaction will be recorded in the purchases day book?
Purchase of goods by cash
Purchase of goods on credit
Purchase of a machine on credit
Purchase of stationery by cash
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3
7 marks
On 1 January 2023 Jean started in business with the following assets and liabilities.
$ | |
|---|---|
Bank loan | 2500 |
Cash at bank | 2000 |
Inventory | 1890 |
Motor vehicle | 10000 |
Trade payables | 600 |
Prepare an opening journal entry for Jean at 1 January 2023.
A narrative is not required.
Journal
2023 | Details | Debit | Credit |
|---|---|---|---|
1 January | |||
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4
1 mark
Identify what a debit balance of $100 in a cash account represents.
Cash had been overspent by $100
Cash in hand was $100
Total cash paid out was $100
Total cash received was less than $100
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5
1 mark
Identify which transaction would not be entered in a business’s cash book.
Purchase of goods by cheque
Purchase of goods for cash
Purchase of machinery on credit
Purchase of machinery by credit transfer
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6
1 mark
Identify the book of original entry that is also part of the double entry system.
Cash book
Petty cash book
Purchases day book
Purchases returns day book
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7a
8 marks
State the source document and book of original entry for each transaction.
Transaction | Source document | Book of original entry |
|---|---|---|
Paid credit supplier by cheque | ||
Purchased goods on credit | ||
Returned faulty goods to credit supplier | ||
Purchased non-current asset on credit |
7b
6 marks
On 1 April 2023 Magnusson owed Tina, a credit supplier, $750
The following transactions took place between them during April 2023.
April | Transaction |
|---|---|
4 | Paid the balance at 1 April 2023 by cheque after deducting a 2% cash discount. |
12 | Purchased goods on credit, $2120 |
22 | Returned faulty goods, $130 |
Prepare the account of Tina. Balance the account on 30 April 2023 and bring the balance down on 1 May 2023.
Date | Details | $ | Date | Details | $ |
|---|---|---|---|---|---|
7c
1 mark
State one reason why a supplier’s account could have a debit balance.
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8
1 mark
A business maintains a petty cash book with a float of $300. During the month it spent $185 on petty cash items.
Identify the amount required to restore the float at the end of the month.
$485
$300
$185
$115
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9
5 marks
State the book of original entry used to record each transaction.
Transaction | Book of original entry |
|---|---|
Write-off of an irrecoverable debt. | |
Return of goods from a credit customer. | |
Return of goods to a credit supplier. | |
Purchase by cheque of a non-current asset. | |
Purchase on credit of a non-current asset. |
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10
15 marks
Keren maintains a three‑column cash book.
On 1 March 2023 the balances were: bank $1726 overdrawn, cash $350
The following transactions took place during March 2023.
March 2023 | Transaction |
|---|---|
1 | Sold goods for cash, $490 |
2 | Received notice from the bank that a cheque received from Arthur, $350, had been dishonoured. |
4 | Paid SW Electric, $190, by standing order. |
11 | Received a credit transfer, $878, from Jules in full settlement of her account balance, $950 |
20 | Banked cash, $440 |
26 | Paid Zelen, $686, by cheque in full settlement of an invoice after taking a 2% cash discount. |
27 | Paid wages by cash, $100 |
29 | Paid bank charges, $8 |
Prepare the three‑column cash book on page 13. Balance the cash book on 31 March 2023 and bring the balances down on 1 April 2023.
Cash Book
Date 2023 | Details | Discount $ | Cash $ | Bank $ | Date 2023 | Details | Discount $ | Cash $ | Bank $ |
|---|---|---|---|---|---|---|---|---|---|
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11
5 marks
Complete the table to show the book of original entry for each transaction.
Transaction | Book of original entry |
|---|---|
Purchase of a non-current asset on credit | |
Receipt from customer by credit transfer | |
Return of goods to a credit supplier | |
Sale of goods on credit | |
Small cash payment to window cleaner |
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12a
2 marks
State two benefits of maintaining a petty cash book.
12b
9 marks
Sven maintains a petty cash book with a float of $150
The following transactions took place during August 2022.
August | Voucher number | Transaction | $ |
|---|---|---|---|
5 | 1201 | Paid employee’s travel expenses | 14.00 |
12 | 1202 | Purchased postage stamps | 26.80 |
16 | 1203 | Paid Fabrizi, a credit supplier | 30.00 |
19 | 1204 | Paid parcel post | 45.00 |
24 | 1205 | Paid taxi fare | 9.60 |
31 | Restored the petty cash float | To be calculated |
Prepare the petty cash book for the month ended 31 August 2022.
Balance the petty cash book on that date and bring the balance down on 1 September 2022.
Petty Cash Book
Receipts $ | Date 2022 | Details | Voucher number | Total $ | Travel $ | Postage $ | Ledger $ |
|---|---|---|---|---|---|---|---|
12c
4 marks
(i) State whether the imprest amount restored would be shown on the debit side or the credit side of the main cash book.
(1)
(ii) State where in the statement of financial position the petty cash book balance on 1 September 2022 will be shown.
(1)
(iii) State two reasons why the balance in the petty cash book may be different to the amount in the petty cash box.
(2)
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13
1 mark
Identify the book of original entry in which irrecoverable debts are recorded.
Cash book
Journal
Purchases day book
Sales day book
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14
1 mark
Identify in which book of original entry a credit note received by a trader would be recorded.
Purchases day book
Purchases returns day book
Sales day book
Sales returns day book
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15
3 marks
Martina, a retailer, maintains a full set of accounting records.
On 1 April 2022, Martina owed Rafa $640 for goods supplied.
During April 2022, the following transactions took place between Martina and Rafa.
April 2022 | Transaction |
|---|---|
12 | Purchased goods, list price $850, less a trade discount of 20% |
19 | Returned goods, list price $100, from the order received on 12 April 2022 |
29 | Paid the balance owing at 1 April 2022 by credit transfer after taking a cash discount of 5% |
State the book of original entry for each transaction.
April 2022 | Book of original entry |
|---|---|
12 | |
19 | |
29 |
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16
1 mark
On 28 February 2022 Nabil’s bank statement showed a credit balance of $135 On the same date the cash book showed a credit balance of $180
The following had not been entered in the cash book:
a direct debit for telephone, $42
a dishonoured cheque from Barjey Ltd, $668
a credit transfer from BX Trading, $475
cash sales banked, $295
cheque drawn for cash, $120
State in which section of the statement of financial position at 28 February 2022 the bank balance would appear.
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17
1 mark
A trader issues a credit note. Where would he record it?
Purchases day book
Purchases returns day book
Sales day book
Sales returns day book
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18
1 mark
Where are the entries in the purchases day book taken from?
Credit notes
Purchase invoices
Purchase order
Statement of account
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19
1 mark
Where would the purchase of a motor vehicle on credit be recorded?
Cash book
Journal
Petty cash book
Petty cash book
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20
1 mark
Barney has $25 left in the petty cash box and vouchers totalling $35.
How much does Barney need to restore the imprest to $60?
$10
$25
$35
$60
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21
15 marks
Lee maintains a three-column cash book. On 1 August 2020 the balances were: bank overdraft $248, cash $45
The following transactions took place in August 2020.
August | Transaction |
|---|---|
3 | Paid by direct debit to Mobilecom, $115 |
8 | Cash sales, $1 420 |
9 | Paid cash into the bank, $800 |
16 | Paid Sophia by cheque, $475, in full settlement of an invoice after taking 5% cash discount. |
23 | Received a cheque from Folan, a credit customer, $225 |
28 | Paid wages by cash, $540 |
29 | Received notice from the bank that the cheque from Folan, $225, had been dishonoured. |
30 | Received a cheque from Chan in full settlement of an invoice for $880. Chan had taken a 5% cash discount. |
Enter the above transactions in the three-column cash book on page 11. Balance the cash book at 31 August 2020 and bring the balances down on 1 September 2020.
Cash book
Date 2020 | Details | Discount $ | Cash $ | Bank $ | Date 2020 | Details | Discount $ | Cash $ | Bank $ |
|---|---|---|---|---|---|---|---|---|---|
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22
1 mark
Identify in which book of original entry a credit note received would be recorded in a customer’s books.
Purchases
Purchases returns
Sales
Sales returns
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23a
10 marks
Raheem maintains a three-column cash book.
On 1 April 2021 the balances were: bank $110 overdrawn, cash $25
The following transactions took place during April 2021.
April | Transaction |
|---|---|
3 | Received a credit transfer from Joseph in full settlement of an invoice for $1620. The receipt was after taking 10% cash discount. |
12 | Paid BL Council by standing order, $220 |
21 | Sold goods for cash, $80 |
23 | Transferred cash to bank, $65 |
27 | Paid window cleaner by cash, $28 |
30 | Paid AWB $2185 by cheque in full settlement of an invoice after taking 5% cash discount. |
Enter the transactions in the three-column cash book on page 9.
Balance the cash book on 30 April 2021 and bring the balances down on 1 May 2021.
Cash book
Date 2021 | Details | Discount $ | Cash $ | Bank $ | Date 2021 | Details | Discount $ | Cash $ | Bank $ |
|---|---|---|---|---|---|---|---|---|---|
23b
5 marks
Explain the benefits for Raheem of maintaining a petty cash book.
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24
1 mark
Where is the total of the discount column on the debit side of a three-column cash book posted?
Credit discount allowed
Credit discount received
Debit discount allowed
Debit discount received
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25
5 marks
State the book of original entry for each transaction.
Transaction | Book of original entry |
|---|---|
Sales to a credit customer | |
Returns from a credit customer | |
Purchases from a credit supplier | |
Purchase of a non-current asset on credit | |
Payment to a credit supplier |
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26a
2 marks
State two reasons why a business maintains a petty cash book.
26b
11 marks
Juliet maintains a petty cash book with a float of $150
The following transactions took place during April 2020.
April | Voucher number | Transaction | $ |
|---|---|---|---|
5 | 401 | Paid taxi fare | 15.20 |
9 | 402 | Purchased postage stamps | 14.60 |
13 | 403 | Paid employee travel expenses | 25.00 |
22 | 404 | Purchased envelopes | 18.30 |
29 | 405 | Paid cleaner’s wages | 30.00 |
30 | Restored float to petty cash | To be calculated |
Prepare the petty cash book for the month ended 30 April 2020.
Balance the petty cash book on that date and bring the balance down on 1 May 2020.
Petty Cash Book
Receipts $ | Date 2020 | Details | Voucher number | Payments $ | Cleaning $ | Stationery $ | Travel $ | Postage $ |
|---|---|---|---|---|---|---|---|---|
26c
1 mark
State one reason why the balance of the petty cash book at 1 May 2020 may be different to the cash held.
26d
1 mark
State where in the statement of financial position at 1 May 2020 the balance of the petty cash book would be shown.
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27
1 mark
Seth has $15 left in the petty cash box and vouchers totalling $25
How much does Seth need to restore the imprest?
$10
$15
$25
$40
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28
15 marks
Markus maintains a three-column cash book. On 1 December 2019 the balances were: bank $340 overdrawn, cash $70
The following transactions took place in December 2019.
December | December Transaction |
|---|---|
4 | Received a cheque from Patel, a credit customer, $125 |
5 | Sold goods for cash, $2 350 |
12 | Paid cash into the bank, $1 300 |
13 | Received notice from the bank that the cheque from Patel, $125, had been dishonoured |
19 | Paid by standing order to Westgas, $85 |
23 | Received a cheque from Sumner, $1 140, in full settlement of an invoice after taking 5% cash discount |
28 | Paid wages by cash, $840 |
29 | Paid Linston by cheque in full settlement of an invoice for $1 420. Payment was after taking 10% cash discount |
Enter the transactions in the three-column cash book on page 17. Balance the cash book at 31 December 2019 and bring down the balances at 1 January 2020.
Cash book
Date | Details | Discount allowed $ | Cash $ | Bank $ | Date | Details | Discount received $ | Cash $ | Bank $ |
|---|---|---|---|---|---|---|---|---|---|
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29
1 mark
In which book of original entry are irrecoverable debts recorded?
Cash book
Journal
Purchases day book
Sales day book
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30a
2 marks
State two reasons for maintaining a petty cash book.
30b
11 marks
Jonny maintains a petty cash book with a float of $150
During January 2019 the following petty cash transactions took place.
January | Voucher Number | Transaction | $ |
|---|---|---|---|
2 | 101 | Purchased postage stamps | 11.50 |
8 | 102 | Paid travel expenses to sales manager | 22.50 |
15 | 103 | Paid to John, a trade payable | 35.00 |
22 | 104 | Purchased coffee, tea and sugar | 17.75 |
26 | 105 | Purchased postage stamps | 8.50 |
31 | 106 | Paid cleaner’s wages | 15.00 |
31 | Restored float | To be calculated |
Prepare the petty cash book for the month ended 31 January 2019.
Balance the petty cash book on that date and bring the balance down on 1 February 2019.
Petty Cash Book
Receipts $ | Date 2019 | Details | Voucher n | Payments $ | Cleaning $ | Postage $ | Refreshments $ | Travel $ | Ledger Accounts $ |
|---|---|---|---|---|---|---|---|---|---|
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31
1 mark
In which book of original entry will a trader record an invoice received?
Purchases day book
Purchases returns day book
Sales day book
Sales returns day book
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