UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS
General Certificate of Education Advanced Subsidiary Level
and Advanced Level
Paper 1 Multiple Choice
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 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.
© UCLES 2005
A company has issued shares at a premium.
For what purpose may the balance on the share premium account be used?
to provide for the premium on the redemption of shares which were issued at par
to provide for the discount on a new issue of shares
to write off the preliminary expenses incurred in forming the company
to write off a loss on the revaluation of fixed assets
The accounting year end for a company is 31 October.
The table shows the company’s telephone bill received on 2 December for the three months
ended 30 November.
telephone calls to 30 November
rental of equipment for the period from 1 September to 30 November