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Cambridge International Examinations
Cambridge International Advanced Subsidiary and Advanced Level

9706/11

ACCOUNTING
Paper 1 Multiple Choice

May/June 2014
1 hour

Additional Materials:

*5180729136*

Multiple Choice Answer Sheet
Soft clean eraser
Soft pencil (type B or HB is recommended)

READ THESE INSTRUCTIONS FIRST
Write in soft pencil.
Do not use staples, paper clips, glue or correction fluid.
Write your name, Centre number and candidate number on the Answer Sheet in the spaces provided
unless this has been done for you.
DO NOT WRITE IN ANY BARCODES.
There are thirty questions on this paper. Answer all questions. For each question there are four possible
answers A, B, C and D.
Choose the one you consider correct and record your choice in soft pencil on the separate Answer Sheet.
Read the instructions on the Answer Sheet very carefully.
Each correct answer will score one mark. A mark will not be deducted for a wrong answer.
Any rough working should be done in this booklet.
Calculators may be used.

This document consists of 10 printed pages and 2 blank pages.
IB14 06_9706_11/RP
┬ę UCLES 2014

[Turn over

2
1

Which items will be debited to accounts in the purchases ledger?

A
2

1

discount allowed

2

payments to suppliers

3

purchases

4

purchases returns

1 and 2

B

2 and 3

C

2 and 4

D

3 and 4

The accounting year end of a business is 31 October.
On 1 April the business rents out part of its warehouse for an annual rent of $6000. Payments
were received in equal instalments on 1 April, 1 July, 1 October and 1 January.
At 31 October what would the financial statements show?
statement of
financial position

income statement
$

3

4

$

A

rental income

3500

current asset

1000

B

rental income

3500

current liability

1000

C

rental income

4500

current liability

1000

D

rental income

6000

current asset

1500...

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