6001 June 2009

Surname
Centre
No.
Initial(s)
Paper Reference
6 0 0 1
Candidate
No.
0 1
Signature
Paper Reference(s)
6001/01
Examiners use only
London Examinations GCE
Team Leaders use only
Accounting (Modular Syllabus)

Advanced Subsidiary/Advanced Level
Unit 1: The Accounting System and
Costing
Tuesday 2 June 2009 Morning
Time: 3 hours
Question Leave
Number Blank
1
2
3
4
5
Materials required for examination
Items included with question papers
Nil
Source booklet
Instructions to Candidates
In the boxes above, write your centre number, candidate number, your surname, initial(s) and signature.
Answer FIVE questions, choosing TWO from Section A and THREE from Section B.
Indicate which question you are answering by marking the box ( ).
If you change your mind, put a line through the box ( ) and then indicate your new question with
a cross ( ).
All calculations must be shown.
Write your answers in the spaces provided in this question paper.
Do not return the insert with the question paper.
Information for Candidates

The marks for individual questions and the parts of questions are shown in round brackets: e.g. (2).
The total mark for this paper is 200.
There are 40 pages in this question paper. Any blank pages are indicated.
Calculators may be used.
The source material for use with questions 1 to 7 is in the enclosed source booklet.
Advice to Candidates
Write your answers neatly and in good English.
Total
This publication may be reproduced only in accordance with
Edexcel Limited copyright policy.
2009 Edexcel Limited.
Printers Log. No.
M33446A
W850/6001/57570 4/5/4/
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M33446A_Paper_GCE_Accounting_Uni1 1
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SECTION A
Answer TWO questions from this section.
If you answer question 1, put a cross in this box (
).
Source material for question 1 is on pages 2 and 3 of the source booklet.
1.
(a) Calculate for the year ended 30 April 2009, the:

(i) sales
(ii) purchases.
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(b) Prepare for Rania the:

(i) trading and profit and loss account for the year ended 30 April 2009
(ii) balance sheet as at 30 April 2009.
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(c) Explain the terms:

(i) day-work
(ii) piecework.
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(d) Evaluate the decision of Rania to change the remuneration payment to her employees
from day-work to piecework.
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(8)
Q1
(Total 52 marks)
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2.
(a) Prepare the trading and profit and loss account of Sayeda for the year ended 30 April
2009.
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(b) Calculate for Sayeda the:

mark up on cost
stock turnover
return on capital employed
debtors collection period (in days)
creditors payment period (in days).
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(15)
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(c) (i) Explain the term profitability.

(ii) Comment upon the profitability of the business of Sayeda.
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(10)
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Sayeda is considering how to improve profitability. She proposes both of the following:
reduce prices by 20%
purchase lower quality goods for resale.
(d)
Evaluate the proposal for Sayeda.

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(8)
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(e) (i) Identify the accounting concept or convention which forms the basis of the
accountants rejection of each proposal 1 to 4.
(ii) Explain the reasons for the rejection of each proposal.
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(12)
Q2
(Total 52 marks)
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3.
(a) (i) Distinguish between bad debts and a provision for doubtful debts.
(ii) Identify one accounting concept which is applied when a provision for doubtful
debts is created.
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(8)
14
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(b) Prepare the journal to record the correction of the errors.

(Narratives are not required.)
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(7)
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(c) Prepare the following accounts for the year ended 30 April 2009 showing the transfer
to the final accounts and the balance carried down.
(i) Provision for doubtful debts account
(ii) Electricity account
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(9)
16
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(d) Prepare the trading and profit and loss account of Tejal for the year ended 30 April
2009.
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(20)
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Tejal has decided to change her basis of stock valuation for the next financial year from
the First In First Out (F.I.F.O.) periodic to the Last In First Out (L.I.F.O.) perpetual.
(e) Evaluate the implications of Tejals decision.
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(8)
Q3
(Total 52 marks)
TOTAL FOR SECTION A: 104 MARKS
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SECTION B
Answer THREE questions from this section.
).

4.
(a) Prepare for the year ended 31 December 2008, the:
profit and loss appropriation account of Eleni and Gianna.

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current accounts of Eleni and Gianna.

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(b) Prepare as at 1 January 2009, the:
Journal entries recording the entry of Michalis to the partnership.

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Balance sheet of the new partnership.

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(c) Evaluate the decision of Michalis to become a partner of the business. Your answer
should consider one financial and one non-financial factor.
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(4)
Q4
(Total 32 marks)
24
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).
5.
(a) Explain the terms fixed cost and variable cost, giving an example of each from
(i) to (ix).
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(6)
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(b) Calculate the:
profit or loss of Hanifs business for the year ended 30 April 2009
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cost of making one picnic table, including the time spent by Hanif in
manufacture.
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(4)
(c) Calculate, for Hanif, the liquid (acid test) ratio at 30 April 2009.
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(d) Evaluate the decision of Hanif to commence self-employment making picnic tables.
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(4)
Q5
(Total 32 marks)
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6.
(a) Distinguish between allocation and apportionment in overhead recovery.

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(4)
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(b) (i) Apportion the unallocated costs between the departments using the basis of
apportionment that is most appropriate from the information provided. Determine
the total overhead cost for each department.
(ii) Re-allocate the costs of the service department (Administration) and calculate the
absorption rates per hour for each of the production departments.
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If the actual figures for the Assembly department in the year were:
Actual assembly hours
Actual assembly overhead
14 800
77 500
(c) Calculate for the Assembly department, the over or under recovery of overhead for
the year.
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(d) Evaluate apportionment as a means of recovering overhead costs.

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(4)
Q6
(Total 32 marks)
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).
Source material for question 7 is on page 14 of the source booklet.
7.
(a) Prepare for Sadiq the purchases ledger control account for the year.
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(b) Advise Sadiq whether his employee has carried out a fraud.
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(4)
(c) Evaluate the extent to which control accounts will detect fraud in a business.
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(4)
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(d) Prepare the trading account of Sadiq for the year ended 30 April 2009.
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(e) Calculate the value of the stock destroyed in the fire at the warehouse.
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(8)
Q7
(Total 32 marks)
TOTAL FOR SECTION B: 96 MARKS
TOTAL FOR PAPER: 200 MARKS
END
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*M33446A04040*
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Examiners use only

London Examinations GCE

Team Leaders use only

Accounting (Modular Syllabus)

Materials required for examination

Items included with question papers

Information for Candidates

Source material for question 1 is on pages 2 and 3 of the source booklet.

(a) Calculate for the year ended 30 April 2009, the:

(b) Prepare for Rania the:

(c) Explain the terms:

If you answer question 2, put a cross in this box (

Source material for question 2 is on pages 4 and 5 of the source booklet.

(b) Calculate for Sayeda the:

(c) (i) Explain the term profitability.

Evaluate the proposal for Sayeda.

If you answer question 3, put a cross in this box (

Source material for question 3 is on pages 6 and 7 of the source booklet.

(b) Prepare the journal to record the correction of the errors.

Source material for question 4 is on pages 8 and 9 of the source booklet.

(a) Prepare for the year ended 31 December 2008, the:

profit and loss appropriation account of Eleni and Gianna.

current accounts of Eleni and Gianna.

(b) Prepare as at 1 January 2009, the:

Journal entries recording the entry of Michalis to the partnership.

Balance sheet of the new partnership.

If you answer question 5, put a cross in this box (

Source material for question 5 is on pages 10 and 11 of the source booklet.

(b) Calculate the:

If you answer question 6, put a cross in this box (

Source material for question 6 is on pages 12 and 13 of the source booklet.

(a) Distinguish between allocation and apportionment in overhead recovery.

(d) Evaluate apportionment as a means of recovering overhead costs.

If you answer question 7, put a cross in this box (

Source material for question 7 is on page 14 of the source booklet.

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