Business documents — Paper 1 · IGCSE Accounting 0452

6 Which business document contains details of purchases, returns and payments occurring during a trading period? A credit note B debit note C invoice D statement of account

1 marks

Answer: D

This question in 0452/12 Feb/March 2020

6 Dave supplies goods to Peter on credit. On 1 April, Peter owed Dave $440. Dave sent or received the following documents in April. $ April 7 invoice 360 12 cheque (after deducting $11 cash discount) 429 13 debit note 50 15 credit note 50 What was the closing balance on the statement of account on 30 April? A $260 B $310 C $321 D $421

1 marks

Answer: B

This question in 0452/11 May/June 2020

9 Which statements about trade discount are correct? 1 It is debited to the supplier’s account. 2 It is only given if the invoice is paid within the period allowed by the supplier. 3 It is shown as a deduction from the price of the goods on an invoice. 4 It is used to encourage bulk buying. A 1 and 2 B 1 and 3 C 2 and 4 D 3 and 4

1 marks

Answer: D

This question in 0452/11 May/June 2020

7 Dave supplies goods to Peter on credit. On 1 April, Peter owed Dave $440. Dave sent or received the following documents in April. $ April 7 invoice 360 12 cheque (after deducting $11 cash discount) 429 13 debit note 50 15 credit note 50 What was the closing balance on the statement of account on 30 April? A $260 B $310 C $321 D $421

1 marks

Answer: B

This question in 0452/12 May/June 2020

8 A business sold goods with a list price of $50 each. The terms of trade were: trade discount for more than 20 items bought 10% cash discount if customer pays within 30 days 4% How much was received in full settlement from a customer who bought 25 items and paid after 35 days? A $900 B $1075 C $1125 D $1200

1 marks

Answer: C

This question in 0452/12 May/June 2020

7 Dave supplies goods to Peter on credit. On 1 April, Peter owed Dave $440. Dave sent or received the following documents in April. $ April 7 invoice 360 12 cheque (after deducting $11 cash discount) 429 13 debit note 50 15 credit note 50 What was the closing balance on the statement of account on 30 April? A $260 B $310 C $321 D $421

1 marks

Answer: B

This question in 0452/13 May/June 2020

8 A business sold goods with a list price of $50 each. The terms of trade were: trade discount for more than 20 items bought 10% cash discount if customer pays within 30 days 4% How much was received in full settlement from a customer who bought 25 items and paid after 35 days? A $900 B $1075 C $1125 D $1200

1 marks

Answer: C

This question in 0452/13 May/June 2020

4 Which business document is used to update the cash book for standing order payments? A bank statement B cheque counterfoil C paying-in slip D receipt

1 marks

Answer: A

This question in 0452/11 Oct/Nov 2020

4 Which business document is used to update the cash book for standing order payments? A bank statement B cheque counterfoil C paying-in slip D receipt

1 marks

Answer: A

This question in 0452/13 Oct/Nov 2020

19 Vinita’s credit customer paid the amount owing in cash, after deducting 2% discount for prompt payment. How did this affect Vinita’s financial statements? statement of financial income statement position A increase expenses decrease current assets B increase expenses increase current assets C increase revenue decrease current assets D increase revenue increase current assets

1 marks

Answer: A

This question in 0452/12 Feb/March 2021

5 Hasina buys radios from Nazneen at a list price of $10 each. Hasina bought 12 radios and was offered 20% trade discount and 4% cash discount. Two radios were faulty and were returned to Nazneen. What was the total of the credit note issued by Nazneen? A $15.36 B $16.00 C $19.20 D $20.00

1 marks

Answer: B

This question in 0452/11 May/June 2021

4 Which document does a trader issue to remind a credit customer that payment is due? A credit note B debit note C receipt D statement of account

1 marks

Answer: D

This question in 0452/11 Oct/Nov 2021

5 What is a cheque counterfoil used for? A to pay a cheque into the bank account B to pay for goods purchased by cheque C to record a cheque payment in the cash book D to record a cheque received in the cash book

1 marks

Answer: C

This question in 0452/11 Oct/Nov 2021

7 Tumelo sells on credit. The terms of trade are listed. list price: $200 per unit credit period: 60 days trade discount 15% if 10 units or more are purchased cash discount 3% if the debt is paid within one month A credit customer purchased 20 units and paid the debt within 15 days. What was the total of the invoice? A $3298 B $3400 C $3880 D $4000

1 marks

Answer: B

This question in 0452/11 Oct/Nov 2021

5 Leah bought goods, $8000, less 15% trade discount. She later returned half of these goods as they were faulty. Which document did Leah issue to the supplier for the returned goods? A credit note for $3400 B debit note for $3400 C credit note for $4000 D debit note for $4000

1 marks

Answer: B

This question in 0452/12 Oct/Nov 2021

6 What is a cheque counterfoil used for? A to make a credit entry in the bank column of a cash book B to make a debit entry in the bank column of a cash book C to send a payment to a supplier D to send proof of payment to a customer

1 marks

Answer: A

This question in 0452/12 Oct/Nov 2021

8 Why does a supplier offer trade discount? A to avoid irrecoverable debts B to encourage bulk buying C to encourage payment in cash D to reward prompt payment

1 marks

Answer: B

This question in 0452/12 Oct/Nov 2021

4 Which document does a trader issue to remind a credit customer that payment is due? A credit note B debit note C receipt D statement of account

1 marks

Answer: D

This question in 0452/13 Oct/Nov 2021

5 What is a cheque counterfoil used for? A to pay a cheque into the bank account B to pay for goods purchased by cheque C to record a cheque payment in the cash book D to record a cheque received in the cash book

1 marks

Answer: C

This question in 0452/13 Oct/Nov 2021

7 Tumelo sells on credit. The terms of trade are listed. list price: $200 per unit credit period: 60 days trade discount 15% if 10 units or more are purchased cash discount 3% if the debt is paid within one month A credit customer purchased 20 units and paid the debt within 15 days. What was the total of the invoice? A $3298 B $3400 C $3880 D $4000

1 marks

Answer: B

This question in 0452/13 Oct/Nov 2021

5 Which document from a supplier reduces the amount owed by a customer? A credit note B debit note C invoice D statement of account

1 marks

Answer: A

This question in 0452/12 Feb/March 2022

4 Omar sent a credit note to Miriam for goods returned. How would Miriam record this transaction? account to be debited account to be credited A purchases returns Omar B sales returns Miriam C Omar purchases returns D Miriam sales returns

1 marks

Answer: C

This question in 0452/12 May/June 2022

5 Abdul sells goods to Rekha on credit. Some goods were damaged in transit. Which document would Rekha send to Abdul? A credit note B debit note C invoice D statement of account

1 marks

Answer: B

This question in 0452/11 Oct/Nov 2022

4 Abdul sells goods to Rekha on credit. Some goods were damaged in transit. Which document would Rekha send to Abdul? A credit note B debit note C invoice D statement of account

1 marks

Answer: B

This question in 0452/12 Oct/Nov 2022

5 What is not shown on an invoice? A amount of trade discount B date payment made C details of goods supplied D terms of payment

1 marks

Answer: B

This question in 0452/12 Oct/Nov 2022

5 Abdul sells goods to Rekha on credit. Some goods were damaged in transit. Which document would Rekha send to Abdul? A credit note B debit note C invoice D statement of account

1 marks

Answer: B

This question in 0452/13 Oct/Nov 2022

6 Which business documents provide information for writing up the sales journal and the sales returns journal? sales journal sales returns journal A invoices issued credit notes issued B invoices issued credit notes received C invoices received credit notes issued D invoices received credit notes received

1 marks

Answer: A

This question in 0452/13 Oct/Nov 2022

6 Which items are shown on a statement of account? A bank charges B credit notes C debit notes D trade discounts

1 marks

Answer: B

This question in 0452/11 May/June 2023

4 Aiden purchased goods from Jai and paid for them by bank transfer when he received a statement of account. Jai says he has not received the payment. Which document would help Aiden check that he had made the payment? A bank statement B cheque counterfoil C paying-in slip D petty cash voucher

1 marks

Answer: A

This question in 0452/11 Oct/Nov 2023

5 Which document would a supplier issue to a credit customer if the credit customer had returned goods or had been overcharged? A cheque B credit note C debit note D invoice

1 marks

Answer: B

This question in 0452/12 Oct/Nov 2023

29 Elaine is starting a business. She wants to make sure she doesn’t miss out on any cash discount which is offered to her. Which action would help her achieve this? A issuing her invoices promptly B maintaining full accounting records of dealings with suppliers C making purchases in bulk D undertaking credit checks on all prospective customers

1 marks

Answer: B

This question in 0452/12 Oct/Nov 2023

4 Aiden purchased goods from Jai and paid for them by bank transfer when he received a statement of account. Jai says he has not received the payment. Which document would help Aiden check that he had made the payment? A bank statement B cheque counterfoil C paying-in slip D petty cash voucher

1 marks

Answer: A

This question in 0452/13 Oct/Nov 2023

4 Sami maintains a full set of accounting records. Why does Sami find it useful to complete the cheque counterfoil when he pays a credit supplier by cheque? A It enables him to keep the purchases account up to date. B It helps in preparing the bank reconciliation statement. C It is a source of information for maintaining the cash book. D It is proof that he has paid the correct amount.

1 marks

Answer: C

This question in 0452/12 Feb/March 2024

5 Which business documents are not entered in the books of prime entry? 1. credit note 2. debit note 3. invoice 4. statement of account A 1 and 3 B 1 only C 2, 3 and 4 D 2 and 4 only

1 marks

Answer: D

This question in 0452/11 May/June 2024

5 Which business documents are used as sources of information to make entries in the cash book? A bank statement, cheque counterfoil, invoice, paying-in slip B bank statement, cheque counterfoil, invoice, receipt C bank statement, cheque counterfoil, paying-in slip, receipt D cheque counterfoil, paying-in slip, petty cash voucher, receipt

1 marks

Answer: C

This question in 0452/12 May/June 2024

5 Which business documents are used as sources of information to make entries in the cash book? A bank statement, cheque counterfoil, invoice, paying-in slip B bank statement, cheque counterfoil, invoice, receipt C bank statement, cheque counterfoil, paying-in slip, receipt D cheque counterfoil, paying-in slip, petty cash voucher, receipt

1 marks

Answer: C

This question in 0452/13 May/June 2024

3 Which business document is used by a trader to record amounts deposited into the bank account? A bank statement B cheque counterfoil C paying-in slip D statement of account

1 marks

Answer: C

This question in 0452/11 Oct/Nov 2024

5 Ranjit is a credit customer of Balbir. In April the following activities took place. Balbir sold goods on credit to Ranjit. Ranjit advised Balbir that some of the goods were damaged. Balbir advised Ranjit of a reduction in the amount owing. Which documents were used to record these activities? A debit note, credit note and receipt B invoice, credit note and receipt C invoice, credit note and statement of account D invoice, debit note and credit note

1 marks

Answer: D

This question in 0452/12 Oct/Nov 2024

3 Which business document is used by a trader to record amounts deposited into the bank account? A bank statement B cheque counterfoil C paying-in slip D statement of account

1 marks

Answer: C

This question in 0452/13 Oct/Nov 2024

7 Which statements about trade discount are correct? 1 It is debited to the supplier’s account. 2 It is only given if the invoice is paid within the period allowed by the supplier. 3 It is shown as a deduction from the price of the goods on an invoice. 4 It is used to encourage bulk buying. A 1 and 2 B 1 and 3 C 2 and 4 D 3 and 4

1 marks

Answer: D

This question in 0452/12 Feb/March 2025

4 Which document may be used by a business as proof that an invoice has been paid? A credit note B paying-in slip C petty cash voucher D receipt

1 marks

Answer: D

This question in 0452/12 May/June 2025

6 A supplier has received a debit note from a customer. What does the supplier use this debit note for? A to complete a statement of account B to correct the sales journal C to make an entry in the sales returns journal D to prepare a credit note

1 marks

Answer: D

This question in 0452/12 Oct/Nov 2025

11 Which document is issued at regular intervals to show the transactions that have taken place between a business and its bank? A bank reconciliation statement B bank statement C statement of account D statement of affairs

1 marks

Answer: B

This question in 0452/13 Oct/Nov 2025