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.
The accounts of a business show:
payments to suppliers
Which items will be debited to accounts in the purchases ledger?
A 1 and 2
B 1 and 4
C 2 and 3
D 3 and 4
2 X Ltd rents its building to Y Ltd.
At 31 December 2002, Y Ltd owed $4500 for rent, but at 31 December 2003 had paid $3200 in
advance. During the year X Ltd had received $17 100 in rental from Y Ltd.
What is the rental income to be shown in X Ltd’s Profit and Loss Account for the year ended
31 December 2003?
B $15 800
C $18 400
D $24 800
From which of the following do revenue reserves arise?
the issue of new shares by a company
the revaluation of fixed assets
the share premium received on shares issued by the company
the trading activities of a company
4 A. Spender owns a road haulage business.
What would be classified as capital expenditure?