Accounting Paper

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Mark Scheme (Results) Summer 2012

IGCSE Accounting (4AC0) Paper 01

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Summer 2012 Publications Code UG031569 All the material in this publication is copyright © Pearson Education Ltd 2012

General Marking Guidance



All candidates must receive the same treatment. Examiners must mark the first candidate in exactly the same way as they mark the last. Mark schemes should be applied positively. Candidates must be rewarded for what they have shown they can do rather than penalised for omissions. Examiners should mark according to the mark scheme not according to their perception of where the grade boundaries may lie. There is no ceiling on achievement. All marks on the mark scheme should be used appropriately. All the marks on the mark scheme are designed to be awarded. Examiners should always award full marks if deserved, i.e. if the answer matches the mark scheme. Examiners should also be prepared to award zero marks if the candidate’s response is not worthy of credit according to the mark scheme. Where some judgement is required, mark schemes will provide the principles by which marks will be awarded and exemplification may be limited. When examiners are in doubt regarding the application of the mark scheme to a candidate’s response, the team leader must be consulted. Crossed out work should be marked UNLESS the candidate has replaced it with an alternative response.





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Section A Question Number 1 Question Number 2 Question Number 3 Question Number 4 Question Number 5 Question Number 6 Question Number 7 Question Number 8 Question Number 9 Question Number 10 Answer A Answer C Answer D Answer A Answer B Answer B Answer C Answer D Answer B Answer A Mark (1) Mark (1) Mark (1) Mark (1) Mark (1) Mark (1) Mark (1) Mark (1) Mark (1) Mark (1)

Section B Questio n Number 11(a) Answer Mark

Sales ledger (total debtors) control account Date Mar 1 Mar 31 Mar 31 Narration Balance b/f (Credit) Sales Cash Book £ 12 800 26 780 125 Date Mar 31 Mar 31 Mar 31 Mar 31 Mar 31 Mar 31 39 705 24 513 Narration Returns inwards Bad Debts Cash Book (Bank) Discount Allowed PL Set off (Contra) Balance c/d

(10)

(1) (1) (1)

Apr 1

Balance b/d

(2cf) (1of)

Questio n Number 11(b)

Answer A contra entry can arise when a customer is also a supplier of the business (1). Instead of the customer paying us for goods supplied (1) their balance is offset against the amount owing to them for good or services supplied (1). Mark

Mark

(3)

Question Answer Number 11(c) Award one mark for each clear advantage identified Sample answers: Verifies the arithmetical accuracy of the sales ledger (1). Assists in the prevention of fraud (1). Provides management with total debtors (1) Helps in the preparation of the...
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