Cambridge O Level
* 1 9 8 0 3 9 5 0 3 2 *
ACCOUNTING 7707/22
Paper 2 Structured Written Paper May/June 2024
1 hour 45 minutes
You must answer on the question paper.
No additional materials are needed.
INSTRUCTIONS
● Answer all questions.
● Use a black or dark blue pen. You may use an HB pencil for any diagrams or graphs.
● Write your name, centre number and candidate number in the boxes at the top of the page.
● Write your answer to each question in the space provided.
● Do not use an erasable pen or correction fluid.
● Do not write on any bar codes.
● You may use a calculator.
● International accounting terms and formats should be used as appropriate.
● You should show your workings.
INFORMATION
● The total mark for this paper is 100.
● The number of marks for each question or part question is shown in brackets [ ].
● Where you are asked to complete a layout, you may not need all the lines for your answer.
This document has 20 pages. Any blank pages are indicated.
DC (SL) 341613
© UCLES 2024 [Turn over
, 2
1 Lottie is a trader. Her financial year end is 30 April. She keeps her petty cash book using the
imprest system. The imprest amount is $150. The totals of the payments analysis columns in her
petty cash book for April 2024 are as follows.
$
Cleaning 21
Stationery 47
Sundry expenses 44
During April 2024, Lottie received a refund for damaged stationery, $15. This amount was received
into petty cash.
REQUIRED
(a) Calculate the amount required to restore the petty cash imprest on 1 May 2024.
...................................................................................................................................................
...................................................................................................................................................
...................................................................................................................................................
...................................................................................................................................................
............................................................................................................................................. [3]
The petty cash book is one of the books of prime entry.
REQUIRED
(b) State
(i) one other book of prime entry
...........................................................................................................................................
..................................................................................................................................... [1]
(ii) two advantages of using books of prime entry
...........................................................................................................................................
...........................................................................................................................................
...........................................................................................................................................
..................................................................................................................................... [2]
© UCLES 2024 7707/22/M/J/24
, 3
On 30 April 2024, Lottie sold a motor vehicle for $6000 on credit to Y Limited. She had purchased
the vehicle on 1 May 2021 for $12 000. Lottie charges depreciation on vehicles at 25% using the
reducing balance method. No depreciation is charged in the year of disposal.
REQUIRED
(c) (i) Calculate the accumulated depreciation on the vehicle at 30 April 2024.
...........................................................................................................................................
...........................................................................................................................................
...........................................................................................................................................
...........................................................................................................................................
..................................................................................................................................... [2]
(ii) Prepare the disposal of motor vehicles account.
Lottie
Disposal of motor vehicles account
Date Details $ Date Details $
............ ..................................... ............. ............ ..................................... .............
............ ..................................... ............. ............ ..................................... .............
............ ..................................... ............. ............ ..................................... .............
............ ..................................... ............. ............ ..................................... .............
............ ..................................... ............. ............ ..................................... .............
[4]
© UCLES 2024 7707/22/M/J/24 [Turn over
* 1 9 8 0 3 9 5 0 3 2 *
ACCOUNTING 7707/22
Paper 2 Structured Written Paper May/June 2024
1 hour 45 minutes
You must answer on the question paper.
No additional materials are needed.
INSTRUCTIONS
● Answer all questions.
● Use a black or dark blue pen. You may use an HB pencil for any diagrams or graphs.
● Write your name, centre number and candidate number in the boxes at the top of the page.
● Write your answer to each question in the space provided.
● Do not use an erasable pen or correction fluid.
● Do not write on any bar codes.
● You may use a calculator.
● International accounting terms and formats should be used as appropriate.
● You should show your workings.
INFORMATION
● The total mark for this paper is 100.
● The number of marks for each question or part question is shown in brackets [ ].
● Where you are asked to complete a layout, you may not need all the lines for your answer.
This document has 20 pages. Any blank pages are indicated.
DC (SL) 341613
© UCLES 2024 [Turn over
, 2
1 Lottie is a trader. Her financial year end is 30 April. She keeps her petty cash book using the
imprest system. The imprest amount is $150. The totals of the payments analysis columns in her
petty cash book for April 2024 are as follows.
$
Cleaning 21
Stationery 47
Sundry expenses 44
During April 2024, Lottie received a refund for damaged stationery, $15. This amount was received
into petty cash.
REQUIRED
(a) Calculate the amount required to restore the petty cash imprest on 1 May 2024.
...................................................................................................................................................
...................................................................................................................................................
...................................................................................................................................................
...................................................................................................................................................
............................................................................................................................................. [3]
The petty cash book is one of the books of prime entry.
REQUIRED
(b) State
(i) one other book of prime entry
...........................................................................................................................................
..................................................................................................................................... [1]
(ii) two advantages of using books of prime entry
...........................................................................................................................................
...........................................................................................................................................
...........................................................................................................................................
..................................................................................................................................... [2]
© UCLES 2024 7707/22/M/J/24
, 3
On 30 April 2024, Lottie sold a motor vehicle for $6000 on credit to Y Limited. She had purchased
the vehicle on 1 May 2021 for $12 000. Lottie charges depreciation on vehicles at 25% using the
reducing balance method. No depreciation is charged in the year of disposal.
REQUIRED
(c) (i) Calculate the accumulated depreciation on the vehicle at 30 April 2024.
...........................................................................................................................................
...........................................................................................................................................
...........................................................................................................................................
...........................................................................................................................................
..................................................................................................................................... [2]
(ii) Prepare the disposal of motor vehicles account.
Lottie
Disposal of motor vehicles account
Date Details $ Date Details $
............ ..................................... ............. ............ ..................................... .............
............ ..................................... ............. ............ ..................................... .............
............ ..................................... ............. ............ ..................................... .............
............ ..................................... ............. ............ ..................................... .............
............ ..................................... ............. ............ ..................................... .............
[4]
© UCLES 2024 7707/22/M/J/24 [Turn over
