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223 Exam L2 Comp Bk QCF Jan 2011 QP

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223 Exam L2 Comp Bk QCF Jan 2011 QP
Exam ID 223
Qualifications:

Level 2 Award in Computerised Bookkeeping QCF
(Accreditation number 500/9261/3) – IAB ID 220

Level 2 Certificate in Applied Bookkeeping QCF
(Accreditation number 500/9262/5) – IAB ID 230

Examination
Units

Unit ID 222: Setting up Accounting Software to Manage Accounting
Information – F6013649
Unit ID 221: Process Routine Payments and Receipts Using a
Computerised System – A6013651

January 2011

QUESTION PAPER
Time Allowed: 2 hours

Suite 30, 40 Churchill Square, Kings Hill, West Malling, Kent ME19 4YU
Tel: 0844 330 3527, Fax: 0844 330 3514, email:education@iab.org.uk

INTERNATIONAL ASSOCIATION OF BOOK-KEEPERS

QUALIFICATION TITLE:
IAB LEVEL 2 AWARD IN COMPUTERISED BOOKKEEPING
Unit Titles:
Setting up Accounting Software to Manage Accounting Information
– F6013649
Process Routine Payments and Receipts Using a Computerised
System – A6013651

General Information and Instructions

The following Instructions should also be followed:
1

You must enter your Candidate Number, Student Number, Name of
Centre, Date of Examination and Software used on the front cover of your Answer Booklet.

2

Time Allowed: TWO HOURS.

3

The use of silent non-programmable calculators is permitted.

4

NOTE - This Question Booklet has information and data printed on both sides of the pages.

5

THE VAT RATE FOR THIS PAPER IS 20% AND THEREFORE
COMPUTERS SHOULD BE SET TO 20% PRIOR TO STARTING THE
QUESTION PAPER.

IAB Level 2 Award in Computerised Bookkeeping OD1 (v6)

1

Scenario
A new business, Golfalot, is being set up by Nick Fulcheri. The business will be registered for VAT (Standard Accounting) and will be trading on both a credit and cash basis.
Sales will be divided into 2 categories – sales of golf supplies and sales of golf training books. The latter is VAT zero rated.
Purchases will be divided into 2 categories – purchases of golf supplies and purchases of golf training books. The latter is VAT zero rated.

Required
You are to assume the role of

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