UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS
General Certificate of Education Ordinary Level
PRINCIPLES OF ACCOUNTS
Paper 1 Multiple Choice
1 hour 15 minutes
Additional Materials: Multiple Choice Answer Sheet
Soft clean eraser
Soft pencil (type B or HB is recommended)
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 forty 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 12 printed pages.
© UCLES 2005
1 What is the correct entry for office furniture bought on credit from X?
2 What is the purpose of a credit note?
to allow for cash discount
to ask for payment in advance
to increase the amount due on an invoice
to reduce the amount payable on an invoice
3 Which is part of the double entry system?
A cash book
B general journal
C sales journal
A business maintains a full set of books of prime entry.
Which book is written up from credit notes received?
A purchases journal
B purchases returns journal