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International General Certificate of Secondary Education

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UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS

MARK SCHEME for the June 2005 question paper

0452 ACCOUNTING
0452/03 Paper 3, maximum raw mark 100

This mark scheme is published as an aid to teachers and students, to indicate the requirements of the examination. It shows the basis on which Examiners were initially instructed to award marks. It does not indicate the details of the discussions that took place at an Examiners’ meeting before marking began. Any substantial changes to the mark scheme that arose from these discussions will be recorded in the published Report on the Examination.

All Examiners are instructed that alternative correct answers and unexpected approaches in candidates’ scripts must be given marks that fairly reflect the relevant knowledge and skills demonstrated.

Mark schemes must be read in conjunction with the question papers and the Report on the Examination.



CIE will not enter into discussion or correspondence in connection with these mark schemes.

CIE is publishing the mark schemes for the June 2005 question papers for most IGCSE and GCE Advanced Level and Advanced Subsidiary Level syllabuses and some Ordinary Level syllabuses’.

Grade thresholds for Syllabus 0452 (Accounting) in the June 2005 examination.

Maximum
mark
available
Component 3

100

Minimum mark required for grade:
A

C

E

F

71

44

N/A

N/A

The threshold (minimum mark) for B is set halfway between those for Grades A and C. The threshold (minimum mark) for D is set halfway between those for Grades C and E. The threshold (minimum mark) for G is set as many marks below F threshold as the E threshold is above it.

Grade A* does not exist at the level of an individual component.

JUNE 2005

IGCSE

MARK SCHEME
MAXIMUM MARK: 100

SYLLABUS/COMPONENT: 0452/03
ACCOUNTING
Paper 3

Page 1

Mark Scheme
IGCSE – JUNE 2005

Syllabus
0452

Paper
3

Question 1
(a)
James
$
2004
May 1 Balance b/d
2005
Apl 30 Drawings
Interest on drawings
Balance c/d

400
6 000
300

6 700
2005
May 1

Balance b/d

1 400
(1)O/F

Current Accounts
Susan
$
2004
May 1 Balance b/d
2005
10 000(1) Apl 30 Interest on capital
500(1)
Partner’s salary
3 350(1)
Share of profit
Balance c/d
13 850
2005
May 1
Balance b/d

James
$

Susan
$
2 000

1 050
4 250
1 400(1)
6 700

600(1)
7 000(1)
4 250(1)
13 850
3 350
(1)O/F

The marks for interest on capital, profit shares, drawings, and interest on drawings are for both figures
Alternatively allow two separate “T” accounts

[9]

Alternative presentation
James Current Account
Debit
Credit
$
$
2004
May 1 Balance
2005
Apl 30 Drawings
Interest on drawings
Interest on capital
Share of profit

400

400

6 000
300

6 400
6 700
5 650
1 400

1 050
4 250
Susan Current Account
Debit
Credit
$
$

2004
May 1 Balance
2005
Apl 30 Drawings
Interest on drawings
Interest on capital
Partner’s salary
Share of profit
Drawings
Interest on drawings
Interest on capital
Profit shares

Balance
$
Dr
Dr
Dr
Dr
Dr (2)C/F
(1)O/F

Balance
$

2 000

2 000

Cr

600
7 000 (1)
4 250

8 000
8 500
7 900
900
3 350

Dr
Dr
Dr
Dr
Cr (2)C/F
(1)O/F

10 000
500

(1) for both figures
(1) for both figures
(1) for both figures
(1) for both figures

© University of Cambridge International Examinations 2005

[9]

Page 2

Mark Scheme
IGCSE – JUNE 2005

Syllabus
0452

Paper
3

Capital Accounts

(b)
James
$

Susan
$

2005
May 1 Goodwill
8 000 (1)
Balance c/d 33 000 (1)
41 000

Anna
$

James
$

Susan
$

2005
2 000 (1)
2 000 (1) May 1 Balance b/d 35 000 (1)
24 000 (1) 24 000 (1)
Bank
Goodwill
6 000 (1)
26 000
26 000
41 000
2005
May 2 Balance b/d 33 000
(1)O/F

20 000 (1)
26 000 (1)
6 000 (1)...
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