Book-keeping and Accounts

Level 1
8991-01-001
2012 Sample Paper
Candidates name (Block letters please)
Centre no

Date

Time allowed:

1 hour 30 minutes
(plus 5 minutes' reading time).

The marks allocated to each question are shown

in brackets.
All answers must be written in ink.
Calculators may be used.
Show all your workings.
If additional separate sheets of paper are used, make sure
each page is clearly labelled with your name.

For examiners use only

T1
/12

T2
/11

T3

T4
/4

T5
/5

/10

The City and Guilds of London Institute 2012

T6

T7

/16

C1

T8
/4

/12

T9

T10
/6

/20

Total
/100

V1

Scenario
You work as an office trainee in the accounts department of Westie Wardrobes, a
manufacturer of quality wardrobes to the retail trade. Your work is varied and today
there are a number of tasks for you to complete. Todays date is 19 January.
Task 1
Four invoices have been prepared by an inexperienced sales clerk and these are
shown below.
Check the calculations of each invoice. If you find one or more of the invoices are
incorrect you are to recalculate the invoice(s) showing full workings in the space(s)
provided below.
(12 marks)
INVOICE

INVOICE

WESTIE WARDROBES
WELLFIELD LANE
MARSDEN

WESTIE WARDROBES
WELLFIELD LANE
MARSDEN

Taylor & Co
Canterbury
Kent

Invoice No 123
Date: 18 January

6 x wardrobes @ 50 each
Less 5% trade discount
Add tax @ 12%
Total

300.00
15.00
34.20
349.20

Terms 30 days net

Morse & Co
Exmouth
Devon

5 x wardrobes @ 75 each
Less 5% trade discount
Add tax @ 12%
Total

375.00
18.75
42.75
399.00

Terms 30 days net

Your calculation if necessary

Your calculation if necessary

The City and Guilds of London Institute 2012

Invoice No 124
Date: 18 January

C2

V1

INVOICE

INVOICE

WESTIE WARDROBES
WELLFIELD LANE
MARSDEN

WESTIE WARDROBES
WELLFIELD LANE
MARSDEN

Pitman & Co
Sevenoaks
Kent

Invoice No 125
Date: 18 January

7 x wardrobes @ 60 each
Less 5% trade discount
Add tax @12%
Total

420.00
20.00
48.00
448.00

Terms 30 days net

Taylor & Co
Canterbury
Kent

4 Wardrobes @ 50 each
Less 5% trade discount
Add tax @12%
Total

200.00
10.00
22.80
212.80

Terms 30 days net

Your calculation if necessary

Your calculation if necessary

The City and Guilds of London Institute 2012

Invoice No 126
Date: 18 January

C3

V1

Task 2
Some sales invoices that you previously checked and your supervisor confirmed as
being correct are detailed below.
Enter invoice numbers 119 122 into the sales day book on the next page, totalling
the sales day book as at 19 January.
(11 marks)
INVOICE

INVOICE

WESTIE WARDROBES
WELLFIELD LANE
MARSDEN

WESTIE WARDROBES
WELLFIELD LANE
MARSDEN

Taylor & Co
Canterbury
Kent

Invoice No 119
Date: 18 January

150.00
7.50
17.10
159.60

3 x wardrobes @ 50 each
Less 5% trade discount
Add tax @ 12%
Total
Terms 30 days net

Morse & Co
Exmouth
Devon

Invoice No 120
Date:18 January

4 x wardrobes @ 75 each
Less 5% trade discount
Add tax @ 12%
Total

300.00
15.00
34.20
319.20

Terms 30 days net

INVOICE

INVOICE

WESTIE WARDROBES
WELLFIELD LANE
MARSDEN

WESTIE WARDROBES
WELLFIELD LANE
MARSDEN

Pitman & Co
Sevenoaks
Kent

Invoice No 121
Date: 18 January

6 x wardrobes @ 60 each
Less 5% trade discount
Add tax @12%
Total

360.00
18.00
41.04
383.04

Taylor & Co
Canterbury
Kent

Invoice No 122
Date: 18 January

2 Wardrobes @ 50 each
Less 5% trade discount
Add tax @12%
Total

Terms 30 days net

Terms 30 days net

The City and Guilds of London Institute 2012

C4

100.00
5.00
11.40
106.40

V1

Date

Customer

Westie Wardrobes
Sales Day Book
Invoice
Total
No

Tax

Net

Task 3
Transfer the sales day book totals to the ledger accounts below.

Date

Details

Sales Account
Amount
Date

Details

Amount

(2 marks)

Date

Details

Tax Account
Amount
Date

Details

Amount

(2 marks)
(Total 4 marks)

The City and Guilds of London Institute 2012

C5

V1

Task 4
Complete the ledger account for Taylor & Co below from the transactions entered in
the day book above. Balance the account at 19 January and bring down the balance.
(5 marks)

Date

Details

Taylor & Co Account

Amount
Date

The City and Guilds of London Institute 2012

C6

Details

Amount

V1

Task 5
Below is the petty cash book for the week ended 13 January. The opening balance of 100 at 6 January has not been entered and two further petty cash
vouchers need entering into the petty cash book before the petty cash book can be balanced for the week. These vouchers are shown below:

PETTY CASH VOUCHER

No 10
Date: 13 Jan

p
Required for:
Postage stamps
5
10
Signed by:

The City and Guilds of London Institute 2012

G High

C7

PETTY CASH VOUCHER

No 11
Date: 13 Jan

p
Required for:
Plain paper
2
90
Tax
0
35
3
25
Signed by:
D Bell

V1

Enter voucher numbers 10 and 11 into the petty cash book below. Balance the petty cash book at 13 January, bringing down the balance and restoring
the imprest to 100.00 at 14 January.
(10 marks)
Receipts
Date
Details
Voucher
Total
Tax
Postage
Travel
Stationery

Number

7 Jan
9 Jan
9 Jan
10 Jan
11 Jan
11 Jan
12 Jan
12 Jan

The City and Guilds of London Institute 2012

Postage stamps
Plain paper
Taxi Fare
Receipt book
Parcel postage
Train fares
Envelopes
Airmail postage

C8

01
02
03
04
05
07
08
09

5.00
3.00
13.00
11.00
3.25
10.15
4.25
3.15

V1

Nil
0.32
1.39
1.18
Nil
1.09
0.46
Nil

5.00
2.68
11.61
9.82
3.25
9.06
3.79
3.15

Task 6
Four purchase invoices have been approved for payment. Westie Wardrobes policy
is to pay strictly according to invoice terms and to take advantage of any settlement
discounts. A summary of the invoices is shown below:
Invoice date
21 Dec
29 Dec
15 Jan
16 Jan

Supplier
Good Evans
Good Evans
E Mitchell
E Mitchell

Terms
30 days
30 days
30 days*
30 days*

Net

200.00
250.00
275.00
280.00

Tax (12%)

24.00
30.00
31.35
31.92

Total

224.00
280.00
306.35
311.92

* These invoices state 5% settlement discount for payment within 7 days.

Showing your workings calculate below the total amount due to Good Evans and
E Mitchell, taking into account any settlement discounts:
Good Evans

(3 marks)
E Mitchell

(13 marks)
(Total 16 marks)
The City and Guilds of London Institute 2012

C9

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Task 7
Complete the cheque below to pay the required amount to E Mitchell.
85-70-42

Lancashire Bank plc

Preston (770011) Branch
Preston

Date

A/C Payee

Pay

Westie Wardrobes
221122

85 70 42

88733112
(4 marks)

The City and Guilds of London Institute 2012

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Task 8
In todays post a bank statement arrived from Lancashire Bank plc and is detailed
below.
BANK STATEMENT
Lancashire Bank plc
Preston Branch
In account with: Westie Wardrobes
All entries to: 18 January are inclusive and complete
Date

Detail

01 Jan
02 Jan
03 Jan
09 Jan
11 Jan
12 Jan
13 Jan
15 Jan
16 Jan
17 Jan
18 Jan

Balance
Sarah Lewis - BACS
David Marsh
Sales - BGC
Asif Ali - Internet banking
Bank charges
Sarah Evans (Returned cheque)
Rent refund SO
Eva Mitchell - BACS
Telephone charges DD
Cash machine - ATM

Account No: 88733112

Balance

3 200
3 800
600
3 575
225
4 625
1 050
4 205
420
4 130
75
3 480
650
3 560
80
4 930
1 370
4 835
95
4 735
100

DD = Direct Debit SO = Standing Order BGC = Bank Giro Credit

BACS = Bankers Automated Clearing Services
Update the cash book below at 19 January. Balance the cash book at 19 January
and bring down the balance.
(12 marks)

Date
01 Jan
09 Jan
15 Jan
16 Jan

Details
Balance b/d
Sales
Stan Holt
Ann Cameron

Westie Wardrobes
Cash Book
(Bank columns only)

Date
Details
3 200 01 Jan
David Marsh
1 050
940
200

The City and Guilds of London Institute 2012

C11

225

V1

Task 9
Complete the bank reconciliation statement at 19 January using the form below.
Westie Wardrobes Bank Reconciliation Statement as at 19 January:

(6 marks)

The City and Guilds of London Institute 2012

C12

V1

Task 10
Terrie Henry, a friend of yours, has dropped off her accounting records from a couple
of weeks ago. The cash book has not been balanced; she has not posted her cash
book to her ledger, nor completed her trial balance.
Balance Terrie Henrys cash book at 6 January, bringing down the balances. Post the
cash book to the ledger accounts below, balancing all accounts containing more than
one transaction. Extract Terrie Henrys trial balance as at 6 January.

Date
1 Jan
3 Jan
4 Jan
4 Jan
5 Jan

Details
Capital
Sales
Sales
Bank
Sales

Terrie Henry Cash Book

Bank
Date
Details

3 800
1 Jan
Rent
600
1 Jan
Purchases
240
1 Jan
Purchases
250
4 Jan
Cash
785
5 Jan
Rent

Cash

Cash

Bank

700
990
2 500
250

300

(3 marks)

Date

Details

Capital Account
Amount
Date

Details

Amount

(1 mark)

Date

Details

Sales Account
Amount
Date

Details

Amount

(4 marks)

The City and Guilds of London Institute 2012

C13

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Date

Details

Rent Account
Amount
Date

Details

Amount

(3 marks)

Date

Details

Purchases Account
Amount
Date

Details

Amount

(3 marks)
Terrie Henry Trial Balance as at 6 January
Dr

Cr

(6 marks)
(Total 20 marks)

End of Examination
The City and Guilds of London Institute 2012

C14

V1