0452.5.4.02 — prepare receipts and payments accounts: past paper questions
Real questions on 0452.5.4.02 — prepare receipts and payments accounts
The newest 6 of 6 written questions. Open one to see it on the real paper.
- 0452/23 · May/June 2023 · Q3b[6]
Prepare the income and expenditure account for the year ended 31 December 2022. Favourite Book Club Income and Expenditure Account for the year ended 31 December 2022 $ $ The treasurer is considering increasing the subscription amount in order to obtain sufficient funds to purchase computer equipment. The equipment wou...
See it on the paper → - 0452/23 · May/June 2023 · Q3d(i)[1]
receipts and payments account
See it on the paper → - 0452/21 · May/June 2022 · Q5a[6]
Prepare the subscriptions account for the year ended 31 December 2021. Balance the account and bring down the balances on 1 January 2022.
See it on the paper → - 0452/21 · May/June 2022 · Q5aii[3]
Explain whether the treasurer should be satisfied with the amount of cash received from member subscriptions during the year ended 31 December 2021.
See it on the paper → - 0452/21 · May/June 2022 · Q5b[0]
Calculate the profit on refreshments for the year ended 31 December 2021.
See it on the paper → - 0452/21 · May/June 2020 · Q1(b)[8]
Prepare the receipts and payments account for the ZED Sports Club for the year ended 29 February 2020. Balance the account and bring down the balance on 1 March 2020.
See it on the paper →
What examiners said
This question followed on from part (a) requiring the preparation of an income and expenditure account for the ‘Favourite Book Club’. The income calculated from the subscriptions account is transferred and is the start point for this statement. There were no complications such as a refreshments or shop account required, and consequently half marks were easily accessible. Common mistakes were to us...
— Examiner report, May/June 2023, 0452/23 Q3(b) (Cambridge)
and (ii) Textbook knowledge required for both parts of (d). The receipts and payments account is a summary of the cash book for a club or society produced on an annual basis. Very few correct answers were seen. The accumulated fund was frequently described as the capital or the equivalent of capital which is incorrect. Similarly, some answers identified it as the accumulated surpluses but did not...
— Examiner report, May/June 2023, 0452/23 Q3(d)(i) (Cambridge)
Candidates were asked to explain whether the treasurer would be satisfied with the amount of subscriptions received. The answers should have concentrated on the fact that the amount received was less than the amount due for the year, the subscription prepaid decreased and the subscriptions accrued increased. Some candidates referred to accruals and prepayments in general rather than referring spec...
— Examiner report, May/June 2022, 0452/21 Q5(a)(ii) (Cambridge)
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