0452/22/M/J/25 Question Paper – Accounting May/June 2025 Paper 22

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Cambridge Accounting (0452) question paper for paper 22, May/June 2025 — 0452/22/M/J/25, file 0452_s25_qp_22.pdf.

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ACCOUNTING

0452/22

Paper 2 Structured Written Paper

May/June 2025
1 hour 45 minutes

You must answer on the question paper.
No additional materials are needed.
INSTRUCTIONS
●
Answer all questions.
●
Use a black or dark blue pen. You may use an HB pencil for any diagrams or graphs.
●
Write your name, centre number and candidate number in the boxes at the top of the page.
●
Write your answer to each question in the space provided.
●
Do not use an erasable pen or correction fluid.
●
Do not write on any bar codes.
●
You may use a calculator.
●
International accounting terms and formats should be used as appropriate.
●
You should show your workings.

INFORMATION
●
The total mark for this paper is 100.
●
The number of marks for each question or part question is shown in brackets [ ].
●
Where you are asked to complete a layout, you may not need all the lines for your answer.

This document has 20 pages. Any blank pages are indicated.
DC (LK) 340555/4
© UCLES 2025

[Turn over

Kadima is a trader. He sells on credit only. During March 2025, the following transactions took
place.
March

Paid Lee, $196, by bank transfer in full settlement of an invoice for $200

Received payment by cheque, $291, from Sophiah who had deducted 3% cash
discount

Paid motor expenses, $26, by cash

Received payment by bank transfer, $375, from Merve, a customer

Paid Mark, $240, by online transfer, having deducted 4% cash discount

Withdrew $400 cash from the bank for business use

Paid wages, $362, in cash

30 Paid motor expenses, $91, by cheque

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2
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0452/22/M/J/25

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(a) Complete Kadima’s cash book on page 3. Balance the cash book and bring down the
balances at 1 April 2025.

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REQUIRED

Discount
allowed
$
50

Cash

840

Bank
2025

Date

Kadima
Cash Book

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Details
Discount
received
$

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Cash

Bank

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0452/22/M/J/25

[12]

Balance b/d

Details

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Mar 1

2025

Date

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[Turn over

Kadima has received a bank statement dated 31 March 2025. The bank statement shows:
1

The cheque for motor expenses had not yet been presented to the bank.

The amount received from Merve was $357. Kadima has checked his records and found that
the amount shown on the bank statement is the correct amount.

REQUIRED
(b) Calculate the amount for the bank balance which Kadima would show in his statement of
financial position at 31 March 2025.

[3]
Kadima is considering stopping using cash and cheques in his business. All payments would be
made directly from the bank account and all customers would be required to pay by bank transfer.
He would allow cash discount of 5% for all payments received within 30 days of the invoice.
REQUIRED
(c) Advise Kadima whether or not he should make the above changes. Justify your answer by
providing points for and against making these changes.

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4
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[5]
[Total: 20]
© UCLES 2025

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0452/22/M/J/25

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BLANK PAGE

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0452/22/M/J/25

[Turn over

6
,

Farah and Salma are sisters who trade as a partnership. Their partnership agreement provides for
the following:

•
•
•
•

interest on capital of 2% per annum
interest on drawings of 4% per annum
a salary to Farah of $11 200 per annum
residual profits and losses to be shared as Farah 30%, Salma 70%.

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$
Profit for the year ended 28 February 2025

38 175

Capital accounts at 1 March 2024
Farah
Salma

52 000
75 000

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Farah and Salma provided the following details.

Farah
Salma

3 450 credit
1 900 debit

Drawings for the year ended 28 February 2025
drawn from bank on 31 December 2024
drawn from bank on 31 December 2024
goods taken for own use 31 August 2024

14 250
14 250
5 750

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0452/22/M/J/25

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Farah
Salma

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Current accounts at 1 March 2024

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7
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REQUIRED
(a) Prepare the appropriation account for Farah and Salma for the year ended 28 February 2025.
Farah and Salma
Appropriation Account for the year ended 28 February 2025
$

[6]

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0452/22/M/J/25

[Turn over

8
,

(b) Prepare Farah’s current account for the year ended 28 February 2025. Balance the account
and bring down the balance at 1 March 2025.
Farah
Current account
Date

Details

Date

Details

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[7]
Farah’s partner, Salma, wanted to take further drawings.
REQUIRED
(c) State two reasons why Salma should not take more drawings.

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[2]

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0452/22/M/J/25

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9
,

Farah and Salma would like to expand the business. They have decided to convert the business
to a limited company.
They are considering selling 30% of the ordinary share capital of the new company to each of their
two brothers. The brothers would become directors and would manage the business.
Farah and each brother would receive a salary of $15 000 each year.

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REQUIRED
(d) Advise Farah and Salma whether or not they should make the above changes. Justify your
answer with advantages and disadvantages to them of making these changes.

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[5]
[Total: 20]

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0452/22/M/J/25

[Turn over

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10
Jasmine owns a consulting business.
At 1 April 2024, Jasmine’s ledger accounts included the following balances.
$
Motor vehicles

16 000

Provision for depreciation of motor vehicles

7 000
12 220

Provision for doubtful debts

366

Rent (prepaid)

900

Rates (unpaid)

270

During the year ended 31 March 2025, Jasmine’s bank payments included the following amounts.
$
Motor vehicles

18 000

Rent and rates

14 960

Additional Information
1

Depreciation is to be provided at 25% per annum using the reducing balance method.
A full year’s depreciation is to be charged on vehicles purchased during the year.

Trade receivables at 31 March 2025 were $11 800. An amount of $300 is still to be written off
as irrecoverable.

The provision for doubtful debts is to be maintained at 3% of net trade receivables.

At 31 March 2025, prepaid rent was $925 and unpaid rates were $185.

REQUIRED
(a) Prepare the provision for depreciation of motor vehicles account for the year ended
31 March 2025. Balance the account and bring down the balance at 1 April 2025.
Jasmine
Provision for depreciation of motor vehicles account
Date

Details

Date

Details

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Trade receivables

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[4]
0452/22/M/J/25

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11
,

(b) Prepare the provision for doubtful debts account for the year ended 31 March 2025.
Balance the account and bring down the balance at 1 April 2025.
Jasmine
Provision for doubtful debts account
Date

Details

Date

Details

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[4]
(c) Prepare the rent and rates account for the year ended 31 March 2025. Balance the account
and bring down the balances at 1 April 2025.
Jasmine
Rent and rates account
Date

Details

Date

Details

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[6]

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0452/22/M/J/25

[Turn over

12
,

At 31 March 2025, Jasmine had a bank overdraft of $2620.
REQUIRED
(d) Prepare the current assets section of Jasmine’s statement of financial position at
31 March 2025.

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[3]
(e) State:
how the principle of consistency is applied when charging depreciation.

[1]
one way Jasmine may reduce the possibility of irrecoverable debts.

[1]
(iii)

which accounting principle Jasmine is applying by making an adjustment for rent prepaid.

[1]
[Total: 20]

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0452/22/M/J/25

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(ii)

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(i)

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BLANK PAGE

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0452/22/M/J/25

[Turn over

Bilal prepared a trial balance at 31 December 2024.
Bilal later discovered the following errors.
1

Goods taken for Bilal’s own use, costing $185, had been recorded as cash drawings.

Motor expenses, $63, paid by bank transfer, had been recorded as $36.

Capital introduced by Bilal, $2000, had been credited to a bank loan account.

A purchase invoice, $84, from Maya, had been debited to the account for Moira and credited
to the purchases account.

Bilal’s private insurance, $130, had been recorded as business insurance.

REQUIRED

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0452/22/M/J/25

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(a) Prepare the journal entries on page 15 to correct errors 1–5. Narratives are not required.

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14
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15
,

Bilal
Journal
Error
number

Details

Debit
$

Credit
$

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[11]

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0452/22/M/J/25

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16
,

The balance on the capital account at 1 January 2024 was $6200.
Before correcting the errors:

•

original profit for the year was $12 930

•

drawings were $11 260.

REQUIRED

$
Original profit for the year

12 930

Profit for the year after correcting errors
[5]
(c) Calculate the balance on the capital account at 31 December 2024.
$
6 200

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Balance on capital account at 1 January 2024

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(b) Calculate Bilal’s profit for the year after correcting errors 1–5.

Balance on capital account at 31 December 2024

[Total: 20]

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0452/22/M/J/25

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[4]

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BLANK PAGE

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0452/22/M/J/25

[Turn over

Rexford is a trader. All his sales and purchases are on credit. He does not keep a full set of
accounting records but has provided the following information.
Assets and liabilities at 1 January 2024:
$
Fixtures and fittings (cost)

28 000

Accumulated depreciation on fixtures and fittings

22 400

Inventory

6 000

Trade receivables

21 750

Insurance prepaid

300

Cash at Bank

3 425

Trade payables

5 680

Bank payments during the year to 31 December 2024:
$
Trade payables (after deducting cash discount of $380)

68 100

Rent and insurance

10 120

General expenses

4 730

Wages

6 400
12 200

Additional Information
1

The only amounts received during the year to 31 December 2024 were $103 200 from trade
receivables.

Rexford applies a mark-up of 50%.

Depreciation is charged at 20% using the straight-line method.

Inventory at 31 December 2024 was valued at $400 more than inventory at 1 January 2024.

The amount owed to trade payables at 31 December 2024 was 25% more than the amount
owed at 1 January 2024.

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0452/22/M/J/25

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Drawings

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18
,

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19
,

REQUIRED
(a) Prepare Rexford’s purchases ledger control account for the year to 31 December 2024.
Balance the account and bring down the balance at 1 January 2025.
Rexford
Purchases ledger control account
Date

Details

Date

Details

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[4]
(b) Prepare Rexford’s income statement for the year ended 31 December 2024.
Rexford
Income Statement for the year ended 31 December 2024
$

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0452/22/M/J/25

[8]
[Turn over

20
,

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Rexford is considering employing a part-time bookkeeper. The bookkeeper would be paid $5000
per annum.
REQUIRED
(d) Advise Rexford whether or not he should employ a bookkeeper. Justify your answer by
providing two points for and two points against employing a part-time bookkeeper.

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[3]

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[Total: 20]
Permission to reproduce items where third-party owned material protected by copyright is included has been sought and cleared where possible. Every
reasonable effort has been made by the publisher (UCLES) to trace copyright holders, but if any items requiring clearance have unwittingly been included, the
publisher will be pleased to make amends at the earliest possible opportunity.
To avoid the issue of disclosure of answer-related information to candidates, all copyright acknowledgements are reproduced online in the Cambridge
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.

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0452/22/M/J/25

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[5]

Accounting (0452) · May/June 2025 · Question paper 22

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