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UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS General Certificate of Education Advanced Subsidiary Level and Advanced Level
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9706/01
May/June 2008 1 hour
ACCOUNTING Paper 1 Multiple Choice Additional Materials: Multiple Choice Answer Sheet Soft clean eraser Soft pencil (type B or HB is recommended)
*1421697722*
READ THESE INSTRUCTIONS FIRST Write in soft pencil. Do not use staples, paper clips, highlighters, glue or correction fluid. Write your name, Centre number and candidate number on the Answer Sheet in the spaces provided unless this has been done for you. There are thirty questions on this paper. Answer all questions. For each question there are four possible answers A, B, C and D. Choose the one you consider correct and record your choice in soft pencil on the separate Answer Sheet. Read the instructions on the Answer Sheet very carefully. Each correct answer will score one mark. A mark will not be deducted for a wrong answer. Any rough working should be done in this booklet. Calculators may be used.
This document consists of 11 printed pages and 1 blank page.
IB08 06_9706_01/2RP © UCLES 2008
[Turn over
2 1 When is it necessary to distinguish between revenue and capital expenditure? A B C D 2 when preparing cash budgets when preparing investment appraisal calculations when preparing profit and loss accounts when preparing purchase ledger control accounts
Rent is paid by a business monthly in advance on the first day of each month. The payments during this financial year have been as follows: – up to and including 1 June – from 1 July thereafter $500 per month $600 per month
Which amount(s) will appear in the accounts for the year ended 31 October? profit and loss expense A B C D 3 $6400 $6400 $6400 $7000 balance sheet $600 prepayment $600 accrual -
The table gives information relating to the fixed assets of a business. $ net book value at the end of the year net book value at the
UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS General Certificate of Education Advanced Subsidiary Level and Advanced Level
.c rs om
9706/01
May/June 2008 1 hour
ACCOUNTING Paper 1 Multiple Choice Additional Materials: Multiple Choice Answer Sheet Soft clean eraser Soft pencil (type B or HB is recommended)
*1421697722*
READ THESE INSTRUCTIONS FIRST Write in soft pencil. Do not use staples, paper clips, highlighters, glue or correction fluid. Write your name, Centre number and candidate number on the Answer Sheet in the spaces provided unless this has been done for you. There are thirty questions on this paper. Answer all questions. For each question there are four possible answers A, B, C and D. Choose the one you consider correct and record your choice in soft pencil on the separate Answer Sheet. Read the instructions on the Answer Sheet very carefully. Each correct answer will score one mark. A mark will not be deducted for a wrong answer. Any rough working should be done in this booklet. Calculators may be used.
This document consists of 11 printed pages and 1 blank page.
IB08 06_9706_01/2RP © UCLES 2008
[Turn over
2 1 When is it necessary to distinguish between revenue and capital expenditure? A B C D 2 when preparing cash budgets when preparing investment appraisal calculations when preparing profit and loss accounts when preparing purchase ledger control accounts
Rent is paid by a business monthly in advance on the first day of each month. The payments during this financial year have been as follows: – up to and including 1 June – from 1 July thereafter $500 per month $600 per month
Which amount(s) will appear in the accounts for the year ended 31 October? profit and loss expense A B C D 3 $6400 $6400 $6400 $7000 balance sheet $600 prepayment $600 accrual -
The table gives information relating to the fixed assets of a business. $ net book value at the end of the year net book value at the