Sources and Recording of Data

Worked examples (6)

• 1Balancing a simple cash account (2 marks)
• 2Balancing a trade payable account (2 marks)
• 3Balancing a customer account with returns and discount (5 marks)
• 4Complete and balance ledger accounts including credit transactions (12 marks)
• 5Balancing and closing a rent account at the year end (6 marks)
• 6Balancing a supplier account with returns, discount and a residual balance (8 marks)

Model answers (6)

• ✓Model answer — Paper 1 short-answer style
• ✓Model answer — Paper 1 short-answer style
• ✓Model answer — Paper 2 structured style
• ✓Model answer — Paper 2 structured style
• ✓Model answer — Paper 2 evaluation (AO3) style
• ✓Model answer — Paper 2 structured/analysis style

Worked examples (6)

• 1Stating the side that increases each account (2 marks)
• 2Stating the double entry for one cash transaction (2 marks)
• 3Identifying debit and credit entries (6 marks)
• 4Posting and balancing a single Cash account (5 marks)
• 5Recording transactions in several ledger accounts (10 marks)
• 6Recording credit transactions and a part-payment (8 marks)

Model answers (6)

• ✓Model answer — Paper 1 short-answer style
• ✓Model answer — Paper 1 short-answer style
• ✓Model answer — Paper 2 structured style
• ✓Model answer — Paper 2 structured style
• ✓Model answer — Paper 2 structured style
• ✓Model answer — Paper 2 evaluation (AO3) style

Worked examples (6)

• 1Identifying the correct document for each stage (4 marks)
• 2Calculating the net invoice total with trade discount (3 marks)
• 3Preparing an invoice with trade discount on multiple lines (5 marks)
• 4Source documents, day books and ledger entries (6 marks)
• 5Preparing a statement of account and finding the balance owed (6 marks)
• 6Reconciling a statement of account with the ledger (6 marks)

Model answers (6)

• ✓Model answer — Paper 1 short-answer style
• ✓Model answer — Paper 1 short-answer style
• ✓Model answer — Paper 2 structured style
• ✓Model answer — Paper 2 structured style
• ✓Model answer — Paper 2 structured style
• ✓Model answer — Paper 2 evaluation (AO3) style

Worked examples (6)

• 1Naming the document for each cash situation (2 marks)
• 2Who prepares each cash document (2 marks)
• 3Identifying the correct document for each cash transaction (5 marks)
• 4Petty cash book and imprest calculation (5 marks)
• 5Tracing cash documents into the cash book (6 marks)
• 6Restoring the imprest and assessing a change in the float (8 marks)

Model answers (6)

• ✓Model answer — Paper 1 short-answer style
• ✓Model answer — Paper 1 short-answer style
• ✓Model answer — Paper 2 structured style
• ✓Model answer — Paper 2 structured style
• ✓Model answer — Paper 2 evaluation (AO3) style
• ✓Model answer — Paper 2 analysis/interpretation style

Worked examples (6)

• 1Choosing the correct book of prime entry (2 marks)
• 2Totalling the Sales Day Book (2 marks)
• 3Posting day-book totals to the general ledger (4 marks)
• 4Purchases Day Book with trade discount (5 marks)
• 5Completing day books and posting to ledger (8 marks)
• 6General journal: opening entry and credit NCA purchase (6 marks)

Model answers (6)

• ✓Model answer — Paper 1 short-answer style
• ✓Model answer — Paper 1 short-answer style
• ✓Model answer — Paper 2 structured style
• ✓Model answer — Paper 2 structured style
• ✓Model answer — Paper 2 evaluation (AO3) style
• ✓Model answer — Paper 2 journal style

Worked examples (6)

• 1Identify the side and column for each cash book entry (4 marks)
• 2Calculate the petty cash reimbursement (3 marks)
• 3Complete and balance a two-column cash book (6 marks)
• 4Record opening entries in the general journal (5 marks)
• 5Complete a three-column cash book with discounts (10 marks)
• 6Complete a petty cash book under the imprest system (8 marks)

Model answers (6)

• ✓Model answer — Paper 1 short-answer style
• ✓Model answer — Paper 1 short-answer style
• ✓Model answer — Paper 2 structured style
• ✓Model answer — Paper 2 structured style
• ✓Model answer — Paper 2 evaluation (AO3) style
• ✓Model answer — Paper 2 structured style