0452/13/M/J/25 Question Paper – Accounting May/June 2025 Paper 13

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Cambridge Accounting (0452) question paper for paper 13, May/June 2025 — 0452/13/M/J/25, file 0452_s25_qp_13.pdf.

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Cambridge IGCSE™
ACCOUNTING

0452/13

Paper 1 Multiple Choice

May/June 2025
1 hour 15 minutes

You must answer on the multiple choice answer sheet.

*6766318808*

You will need: Multiple choice answer sheet
Soft clean eraser
Soft pencil (type B or HB is recommended)
INSTRUCTIONS
 There are thirty-five 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 multiple choice answer sheet.
 Follow the instructions on the multiple choice answer sheet.
 Write in soft pencil.
 Write your name, centre number and candidate number on the multiple choice answer sheet in the
spaces provided unless this has been done for you.
 Do not use correction fluid.
 Do not write on any bar codes.
 You may use a calculator.
INFORMATION
 The total mark for this paper is 35.
 Each correct answer will score one mark.
 Any rough working should be done on this question paper.

This document has 16 pages. Any blank pages are indicated.
IB25 06_0452_13/FP
© UCLES 2025

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1

Which task will not be performed by a book-keeper?
A

calculating accounting ratios

preparing a purchases journal

preparing a sales ledger

writing up a petty cash book

What are assets?
amounts owed
to a business

amounts owed
by a business

items owned
by a business

yes

Sammy bought goods on credit and later returned some of these goods. How would he record the
returns in his books of account?
account debited

account credited

purchases

purchases returns

supplier

purchases returns

purchases

supplier

purchases returns

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3
4

An account in Peter’s books of account was as follows:
Rami

bank

380 balance b / d

400

discount received

400

400
Which statement is correct?

Peter received a discount for buying in bulk.

Peter received a discount for paying early.

Rami received a discount for buying in bulk.

Rami received a discount for paying early.

At the end of her financial year, Jasmine balanced her cash book and ledger accounts and made
appropriate year-end transfers.
Which statements are correct?

The debit balance on the account of a credit customer will be shown as an asset in
the statement of financial position.

The debit balance on the bank column in the cash book will be shown as a liability
in the statement of financial position.

The total of the discount received account will be included in the cost of sales in the
income statement.

The total of the general expenses account will be deducted from gross profit in the
income statement.

1, 2 and 3

1, 3 and 4

1 and 4 only

2 and 3 only

A trader bought goods on credit from a supplier.
In which book of prime entry would the trader record this transaction?
A

cash book

general journal

purchases journal

sales journal

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7

Which account balance will appear in the debit column of a trial balance?
A

carriage inwards

discounts received

provision for doubtful debts

purchases returns

The totals of a trial balance did not agree, and a suspense account was opened. It was later
found that the total of the discount allowed column in the cash book of $100 had been credited
to the discount allowed account.
Which journal entry corrects this error?

A
B
C
D

debit

credit

discount allowed
suspense

100

discount allowed
suspense

200

suspense
discount allowed

100

suspense
discount allowed

200

100
200
100
200

After calculating his profit for the year, Yui discovered the following errors.
1

A purchase of a new motor vehicle for $3200 was debited to motor expenses.

The purchases account was overcast by $500.

What was the effect on the profit for the year after correcting these errors (ignore depreciation)?
A

It decreased by $2700.

It decreased by $3700.

It increased by $2700.

It increased by $3700.

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10 Jerry received a cheque of $450 from Fatima. He entered the receipt of the cheque correctly in his
cash book. The posting to Fatima’s account was reversed in error.
Which journal entry corrects this error?

account debited

account credited

bank $450

Fatima $450

bank $900

suspense $900

suspense $450

bank $450

suspense $900

Fatima $900

Somraj’s bank statement showed a credit balance of $740 at 31 January. Somraj compared the
bank statement with his cash book and updated the cash book after he found the following:
$
bank charges not recorded in the cash book

cheque paid but not presented to the bank

150

What was the updated cash book balance at 31 January?
A

$590

$620

$860

$890

12 George is preparing his purchases ledger control account.
Which information would he obtain from his general journal in order to do this?
A

contra entries with the sales ledger

goods returned to credit suppliers

irrecoverable debts written off

refunds received from credit suppliers

13 Javid’s sales ledger control account had a debit balance of $12 000. Interest of $40 on an
overdue account and also discount allowed of $150 had been omitted.
What was the correct balance on the sales ledger control account?
A

$11 810

$11 890

$12 110

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$12 190

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14 What is the effect of incorrectly treating expenses as capital expenditure?
income statement
profit for the year

expenses total

overstated

understated

overstated

15 Atif depreciates his motor vehicles at a rate of 20% per annum, using the reducing balance method.
On 1 May 2024, Atif owned motor vehicles which had cost $35 000. The accumulated depreciation
on these motor vehicles was $12 600 on 1 May 2024.
What will be the balance on Atif’s provision for depreciation account on 30 April 2025?
A

$17 080

$17 920

$22 400

$26 880

16 T Limited rents out part of its premises. At the start of the year, the tenant was $600 in arrears.
During the year, T Limited received $8650 in rent from the tenant. T Limited’s income statement
showed rent receivable for the year as $7900.
What was the balance brought down on the rent receivable account at the start of the following
year?
A

$150 on the credit side

$150 on the debit side

$1350 on the credit side

$1350 on the debit side

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17 A provision for doubtful debts of 5% of trade receivables is maintained.
At 1 January 2024, the provision for doubtful debts account had a credit balance of $240.
At 31 December 2024, trade receivables owed $5200. It was decided that $200 of this amount was
irrecoverable.
Which entry was made in the provision for doubtful debts account on 31 December 2024?
A

debit $10

credit $10

debit $20

credit $20

18 How should a business value its inventory?
A

at the higher of cost and net realisable value

at the lower of cost and net realisable value

at the higher of selling price and cost

at the lower of cost and net book value

19 Which items are shown in a statement of financial position?
current
assets

revenue

capital

non-current
liabilities

✓

✗

✓

✗

✓

✗

✓

✗

✓

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20 A business provided the following information about two expenses.

1 January 2024
$

amount paid during year
ended
31 December 2024
$

31 December 2024
$

electricity

240 accrued

1500

360 accrued

insurance

180 prepaid

1200

220 prepaid

Which amounts are charged to the income statement for the year ended 31 December 2024?
electricity
$

insurance
$

900

800

1380

1240

1620

1160

2100

1600

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21 Which item is a current liability?
A

bank overdraft

commission receivable

mortgage loan on a property

provision for doubtful debts

22 What is an advantage to a sole trader of forming a partnership?
A

Decisions are always acted on immediately.

Decisions are taken by the directors.

Partners share profits and losses.

Partners share the responsibilities.

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23 Which statements are correct in relation to the financial statements of a partnership?

Interest on partners’ capital is shown as an expense in the income statement.

Interest on partners’ drawings is added to the profit for the year in the appropriation
account.

Partners’ current account balances are shown in the statement of financial position.

Partners’ salaries are shown as an expense in the income statement.

1 and 2

2 and 3

2 and 4

3 and 4

24 R Limited provided the following information.
$
At 1 January 2024
ordinary share capital

350 000

retained earnings

46 000

general reserve

37 000

For year ended 31 December 2024
profit for the year

32 000

dividends paid

20 000

What was the value of total equity at the end of the year?
A

$408 000

$428 000

$445 000

$465 000

25 A club included the balance on its accumulated fund in its statement of financial position.
What is the equivalent of the accumulated fund in a statement of financial position of a sole trader?
A

capital

capital and liabilities

current liabilities

non-current assets

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26 Which item is included in a manufacturing account?
A

carriage on purchases of finished goods

depreciation of delivery vehicles

repairs of factory machinery

salaries of office supervisors

27 A trader’s assets increased by $25 000 and liabilities decreased by $5000 during the year. He took
no drawings during the year.
What was the profit or loss for the year?
A

$20 000 loss

$20 000 profit

$30 000 loss

$30 000 profit

28 A trader does not maintain a full set of accounting records.
How could he calculate the profit for the year?
A

closing capital – opening capital – drawings – capital introduced

closing capital – opening capital + drawings – capital introduced

closing capital – opening capital + drawings + capital introduced

closing capital – opening capital – drawings + capital introduced

29 Janice started trading on 1 January. All her sales were made on a cash basis.
During the year, Janice paid wages of $12 100 and took drawings of $7800 out of the amount
received from customers. She also banked $56 000 of these receipts. At the year end, she held
$150 of unbanked sales in cash.
Which value for Janice’s sales was recorded in the income statement?
A

$35 950

$36 250

$75 750

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$76 050

11
30 A trader provided the following information.
$
revenue

120 000

inventory at the start of the year

9 600

inventory at the end of the year

10 200

A mark-up of 25% is applied.
What were the purchases for the year?
A

$89 400

$90 600

$95 400

$96 600

31 A trader provided the following information for the year ended 31 December.
$
total cash and credit purchases of goods for resale

150 000

cash purchases of goods for resale

17 000

credit purchases of non-current assets

25 000

His trade payables at that date were $8000.
What was the trade payables turnover?
A

17 days

20 days

22 days

24 days

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12
32 The following information is taken from an income statement.
$
cost of sales

15 000

gross profit

10 000

motor expenses

4 000

general expenses

1 000

What is the profit margin for the year?
A

20%

24%

36%

40%

33 The trade receivables turnover of a business is 42 days.
Trade receivables are allowed 30 days to settle their accounts.
The business has difficulty paying its credit suppliers.
Which statements are correct?

Credit customers are taking longer than allowed to pay their accounts.

It takes on average 42 days to receive payments from credit customers.

It would be easier to pay credit suppliers if credit customers paid within 30 days.

The business has an efficient credit control system.

1 and 2 only

1, 2 and 3

2 and 4

4 only

34 A business does not record the skills or morale of its employees in its financial statements.
Which accounting principle is being applied?
A

historic cost

materiality

money measurement

realisation

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35 What does the objective of understandability assume users of financial statements will possess?
A

full knowledge of accounting

knowledge of book-keeping but not accounting

no knowledge of book-keeping or accounting

reasonable knowledge of accounting

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Assessment International Education Copyright Acknowledgements Booklet. This is produced for each series of examinations and is freely available to download
at www.cambridgeinternational.org after the live examination series.
Cambridge Assessment International Education is part of Cambridge Assessment. Cambridge Assessment is the brand name of the University of Cambridge
Local Examinations Syndicate (UCLES), which is a department of the University of Cambridge.

0452/13/M/J/25

Accounting (0452) · May/June 2025 · Question paper 13

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