This question paper consists of 10 printed pages and 2 blank pages.
SJF2465(JB) S26244/1
© CIE 2002
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CAMBRIDGE INTERNATIONAL EXAMINATIONS
General Certificate of Education
Advanced Subsidiary Level and Advanced Level
ACCOUNTING
9706/1
PAPER 1 Multiple Choice
OCTOBER/NOVEMBER SESSION 2002
1 hour
Additional materials:
Multiple Choice answer sheet
Soft clean eraser
Soft pencil (type B or HB are recommended)
TIME
1 hour
INSTRUCTIONS TO CANDIDATES
Do not open this booklet until you are told to do so.
Write your name, Centre number and candidate number on the answer sheet in the spaces provided
unless this has already been done for you.
There are thirty questions in 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 very carefully the instructions on the answer sheet.
INFORMATION FOR CANDIDATES
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.
2
9706/1/O/N/02
1
A transport business owned by a sole proprietor purchases a motor vehicle. This is charged to the
Motor Vehicles Running Costs account.
What are the effects of this on the end-of-year Balance Sheet?
2
A club’s Income and Expenditure Account for 2001 showed insurance as $4000.
On 1 January insurance owing was $800.
On 31 December insurance paid in advance was $600.
What was the amount shown in the Receipts and Payments Account for insurance for the year
ended 31 December 2001?
A
$3800
B
$4000
C
$4200
D
$5400
3
A vehicle cost $30 000. The vehicle was later sold for $9000 and the profit on disposal was $1500.
What was the accumulated depreciation of the vehicle on disposal?
A
$7500
B
$9000
C
$21 000
D
$22 500
4
The bookkeeper of a company has disappeared. There is no cash in the till and theft is suspected.
The following information is known:
How much has the bookkeeper stolen during