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Ase1017 S2 2011
Ase1017 S2 2011
CERTIFICATE IN BOOK-KEEPING
Level 1
Wednesday 6 April
Subject code: 1017
Time allowed: 2 hours 30 minutes
Study the REQUIRED section of each question carefully and extract the data required for your
answers from the information supplied.
Write your answers in blue or black ink/ballpoint. You can only use pencil for graphs, charts,
diagrams, etc.
All answers must be correctly numbered but need not be in numerical order.
You may use a calculator provided the calculator gives no printout, has no word display facilities,
is silent and cordless. The provision of batteries and their condition is your responsibility.
1017/2/11
Page 1 of 8
ASE 1017 2 11 1
QUESTION 1
Belle extracted the following Trial Balance at 31 January 2011:
67,127
35,000
18,000
43,687
19,400
6,480
16,213
3,847
210
95,460
1,240
230
9,600
84,640
38,420
11,431
412
357,730
258,100
348
5,500
115
357,730
Stock 19,750
(2)
(3)
(4)
(5)
REQUIRED
Prepare the:
(a)
Trading and Profit & Loss Account for the year ended 31 January 2011
(13 marks)
(b)
(12 marks)
(Total 25 marks)
1017/2/11
Page 2 of 8
QUESTION 2
Gerald prepares his accounts to 30 June each year. The business purchased motor vehicles by cheque,
as follows:
2008
January
March
July
September
February
2009
2010
1
31
1
30
1
12,000
9,000
13,800
15,000
7,500
REQUIRED
Prepare, for the three years ended 30 June 2008, 30 June 2009 and 30 June 2010, the:
(a)
(8 marks)
(b)
(9 marks)
New Premises
Fixtures for new premises
Wages paid to employees to build the new premises
Insurance of new premises
Bought second hand equipment
Repairs to equipment
Computer, for office use
Computers, for stock.
REQUIRED
(c)
State in the above items (i) to (viii), indicating those which are capital expenditure and which are
revenue expenditure.
(8 marks)
(Total 25 marks)
1017/2/11
Page 3 of 8
QUESTION 3
The following information has been extracted from Jeans records:
18,348
8,478
10,370
5,595
10,657
3,246
3,921
265
185
1,460
95
125
75
103
?
?
REQUIRED
(a)
Prepare the:
(i)
(9 marks)
(ii)
(8 marks)
The following errors were found in Jeans records for March 2011:
(1)
A cheque for 260, received from Will, had been entered in Bills account
(2)
(3)
A cheque for 385, payable to Greg, had been recorded in the Cash Book as
835
(4)
REQUIRED
(b)
(8 marks)
(Total 25 marks)
1017/2/11
Page 4 of 8
QUESTION 4
Helen keeps her Petty Cash Book on the imprest system. The imprest of 100.00 is restored on the first
day of each month. Helen uses three analysis columns, Travelling expenses, Office expenses and
Ledger. The following transactions took place in January 2011 and February 2011:
Voucher
January
1
6
13
21
28
February
1
4
8
11
18
25
23.81
32
33
34
35
36
37
38
39
25.41
3.25
11.55
1.75
25.00
2.44
5.40
9.60
40
41
28.59
12.66
5.00
8.50
3.09
6.80
2.18
11.25
1.79
42
43
44
45
46
47
REQUIRED
(a)
Write up the Petty Cash Book for the month of January and February 2011. Balance the book at
the end of each month and restore the imprest on the first day of the following month.
(21 marks)
Remove and use the sheet(s) on pages 6 and 7 to present your answer.
(b)
Prepare the:
(i)
(2 marks)
(ii)
(2 marks)
(Total 25 marks)
1017/2/11
Page 5 of 8
1017/2/11
Page 6 of 8
Candidate No:
Centre Code:
1017/2/11
Date
Details
Voucher
number
Total
Analysis Columns
Page 7 of 8
Candidate No:
Centre Code:
1017/2/11
Date
Details
Voucher
number
Total
Analysis Columns
Page 8 of 8