0452.4.4.02 — prepare ledger accounts and journal entries to record irrecoverable debts: past paper questions
Real questions on 0452.4.4.02 — prepare ledger accounts and journal entries to record irrecoverable debts
The newest 13 of 13 written questions. Open one to see it on the real paper.
- 0452/21 · May/June 2024 · Q1b[3]
Prepare the journal entry to write off the amount owing by Rachel. A narrative is required.
See it on the paper → - 0452/22 · February/March 2024 · Q2a(i)[3]
Prepare the journal entry to write off the amount owed by Ria. A narrative is required. Samir Journal Date Details Debit $ Credit $
See it on the paper → - 0452/22 · October/November 2022 · Q4a[13]
Prepare the following ledger accounts for the year ended 31 July 2022. Where appropriate show the balance brought down on 1 August 2022.
See it on the paper → - 0452/22 · October/November 2022 · Q4c[3]
List three ways in which PG could reduce the possibility of irrecoverable debts.
See it on the paper → - 0452/23 · October/November 2022 · Q5a[3]
Prepare a journal entry to write off the amount owed by LW. A narrative is required. NT General Journal Date Details Debit $ Credit $ In addition to the irrecoverable debt of LW, other irrecoverable debts of $4100 were written off during the year ended 31 August 2021. Trade receivables at 31 August 2021 were $91 500 an...
See it on the paper → - 0452/23 · October/November 2022 · Q5b[2]
Prepare an extract from the expenses section of NT’s income statement for the year ended 31 August 2021. NT Extract from income statement for the year ended 31 August 2021
See it on the paper → - 0452/23 · October/November 2022 · Q5c[2]
Prepare an extract from the assets section of NT’s statement of financial position at 31 August 2021. NT Extract from statement of financial position at 31 August 2021 During the financial year ended 31 August 2022, PB a trade receivable who owed $7000 had been declared bankrupt. On 17 July 2022, NT received payment of...
See it on the paper → - 0452/23 · October/November 2022 · Q5d[8]
Prepare the following ledger accounts for the year ended 31 August 2022. Bring down the balance on 1 September 2022, where appropriate. NT ledger accounts PB account Date Details $ Date Details $ Irrecoverable debts account Date Details $ Date Details $ Provision for doubtful debts account Date Details $ Date Details $...
See it on the paper → - 0452/22 · October/November 2021 · Q3c[2]
Prepare the journal entry to record the irrecoverable debt. A narrative is not required.
See it on the paper → - 0452/22 · May/June 2020 · Q4d[4]
Prepare journal entries to record 1 and 2 above. Narratives are not required.
See it on the paper → - 0452/22 · February/March 2019 · Q1b[4]
Explain the following entries in the provision for doubtful debts account. Name the account in which the double entry would be made for each item. State whether the account would be debited or credited. 1 February 2018 Balance b/d Explanation Name of account Debit or credit 31 January 2019 Balance c/d Explanation Name...
See it on the paper → - 0452/22 · February/March 2019 · Q1c(i)[1]
Explain the following entry in the provision for doubtful debts account. 31 January 2019 Income statement
See it on the paper → - 0452/22 · February/March 2019 · Q1c(ii)[1]
State how this entry affected Narinder’s profit for the year ended 31 January 2019.
See it on the paper →
What examiners said
This question included five ledger accounts and required a series of entries to be made from the cash book that totalled 13 marks. There were significant examples of ‘no response’ or completely incorrect answers. Entries were often reversed, omitted or incorrect labels. Frequent aliens in the trade receivables account were provision for doubtful debts and the cash sales. Double entry recording of...
— Examiner report, October/November 2022, 0452/22 Q4(a) (Cambridge)
Ways to reduce the possibility of irrecoverable debts is an important strategy that all businesses will keep under constant review. There are many well established methods of credit control and answers were generally of a high level and good candidates could identify at least two of the ten available. Weak answers would be too vague, for example ‘increase cash’ instead of ‘sell more on a cash basi...
— Examiner report, October/November 2022, 0452/22 Q4(c) (Cambridge)
A journal entry to write off an irrecoverable debt was required. Many candidates showed the correct entries. There were some reversed entries and some entries to trade receivables account rather than a named business. A narrative should indicate why the journal entry was made not simply state which account was debited and which was credited.
— Examiner report, October/November 2022, 0452/23 Q5(a) (Cambridge)
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