Cambridge O Level ACCOUNTING :Paper 2 Structured Written Paper

● 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 (RW) 222140 © UCLES 2021 [Turn over 1 Ayesha is a trader who maintains a full set of accounting records and prepares control accounts at the end of each month. She provided the following information for the month of August 2021. On 1 August $ Sales ledger control account debit balance 9 800 Sales ledger control account credit balance 420 Purchases ledger control account credit balance Totals for the month 7 700 Credit sales 88 850 Credit purchases 55 400 Cash purchases 1 860 Receipts from customers 82 100 Payments to credit suppliers 50 600 Discount received 600 Discount allowed 900 Irrecoverable debt written off 300 Provision for doubtful debts 450 Sales returns 2 400 Interest charged to customer on overdue account 90 Contra between sales ledger and purchases ledger 2 920 The sales ledger control account credit balance brought down on 1 September 2021 was $350. REQUIRED (a) Prepare the sales ledger control account and the purchases ledger control account for August 2021. Balance the accounts and bring down the balances on 1 September 2021. Ayesha Sales ledger control account Date Details $ Date Details $ 2021 2021 .......... ..................................... ............... .......... ..................................... ............... .......... ..................................... ............... .......... ..................................... ............... .......... ..................................... ............... .......... ..................................... ............... .......... ..................................... ............... .......... ..................................... ............... .......... ..................................... ............... .......... ..................................... ............... .......... ..................................... ............... .......... ..................................... ............... .......... ..................................... ............... .......... ..................................... ............... .......... ..................................... ............... .......... ..................................... ............... .......... ..................................... ............... .......... ..................................... ............... .......... ..................................... ............... .......... ..................................... ............... .......... ..................................... ............... .......... ..................................... ............... Purchases ledger control account Date Details $ Date Details $ 2021 2021 .......... ..................................... ............... .......... ..................................... ............... .......... ..................................... ............... .......... ..................................... ............... .......... ..................................... ............... .......... ..................................... ............... .......... ..................................... ............... .......... ..................................... ............... .......... ..................................... ............... .......... ..................................... ............... .......... ..................................... ............... .......... ..................................... ............... .......... ..................................... ............... .......... ..................................... ............... .......... ..................................... ............... .......... ..................................... ............... [14] (b) Name the book of prime entry which Ayesha would use to obtain the following information when preparing her sales ledger control account. Item Book of prime entry Returns Discount allowed Interest charged to customer on overdue account Contra entry [4] (c) Suggest two reasons why the sales ledger control account had a credit balance of $420 on 1 August 2021. 1 ................................................................................................................................................ ................................................................................................................................................... 2 ................................................................................................................................................ ................................................................................................................................................... [2] [Total: 20] 2 Jabir owns an electrical wholesale business. The following balances appeared in his books on 30 September 2021. $ Inventory 8 000 Purchases 109 000 Trade payables 11 600 Revenue 160 000 Trade receivables 22 600 Operating expenses 35 200