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 10 printed pages and 2 blank pages.
© UCLES 2005
A business purchases a new van.
The table shows the purchase invoice details:
tank of fuel
How much should be debited to the motor van account?
A $13 500
C $13 900
D $13 950
A company has completed arrangements for the closure of part of its business next year.
What should the company create in this year’s accounts for the closure costs?
A a contingency
B a liability
C a provision
D a reserve
The journal entry ‘Debit Subscription Income, Credit Creditors’ was made in the accounting
records of a club.
What does this represent?
A subscriptions owed by membe