This document consists of 9 printed pages and 3 blank pages.
© UCLES 2009
UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS
General Certificate of Education Ordinary Level
PRINCIPLES OF ACCOUNTS
Paper 1 Multiple Choice
Multiple Choice Answer Key
Soft clean eraser
Soft pencil (type B and 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.
© UCLES 2009
1 What is true of a computerised accounting system?
A Data input can be used for several accounting processes.
Installation costs are low.
It is always simple to design and modify a computer system.
D Staff do not require special training.
Javed had the following assets and liabilities.
2 000 credit
amount owing to suppliers
amount owing by customers
loan to Davinder
What was Javed’s capital?
A $20 000
B $24 000
C $26 000
D $30 000
Tony owns a bookshop. He sells a book to Susie who pays cash.
How will Tony record this transaction?
account to be debited
account to be credited