ANSWER BOOKLET Exam ID 208 Qualifications: Level 2 Award in Manual Bookkeeping (QCF) (Accreditation number: 500/9259/5) IAB ID 210 Level 2 Certificate in Bookkeeping (QCF) (Accreditation number: 500/9053/7) IAB ID 200 Level 2 Certificate in Applied Bookkeeping (QCF) (Accreditation number: 500/9262/5) IAB ID 230 January 2011 Time Allowed: 2 Hours 30 Minutes Student Number: Candidate Number: Name of Exam Centre: FOR USE BY ASSESSOR ONLY: IAB Units covered I/D 206 Maintaining the Journal T/600/8772 Possible marks Actual marks Pass or Fail (70%) 205 Maintaining Control Accounts K/600/8770 155 Maintaining Petty Cash Records R/600/8746 207 Processing Ledger Transactions and Extracting a Trial Balance F/600/8760 Suite 30, 40 Churchill Square, Kings Hill, West Malling, Kent, ME19 4YU Tel: 0844 330 3527, Fax: 0844 330 3514, Email: mail@iab.org.uk
For Use in Answering Question One PART ONE - Task A Date 2010 Details Bank Current Account Ellie s Wholesale The Journal DR CR Cash Sales Trade Debtors Purchases Trade Creditors Value Added Tax (VAT) Capital Insurance Light, Heat and Power Repairs and Renewals Bad Debts Rates Cleaning Costs Stationery Telephone Staff Wages PAYE Motor Expenses Advertising Rent Shop Equipment (COST) Delivery Vehicles (COST) SUSPENSE TOTALS IAB L2 Award in Man Bk Jan 2011 (final) Page 1
For Use in Answering Question One PART ONE - Task B ELLIE S WHOLESALE GENERAL LEDGER DR Suspense Account CR PART ONE - Task C Date 2010 Details Ellie s Wholesale The Journal DR CR IAB L2 Award in Man Bk Jan 2011 (final) Page 2
For Use in Answering Question One PART ONE - Task C Ellie s Wholesale - The Journal (continued) IAB L2 Award in Man Bk Jan 2011 (final) Page 3
For Use in Answering Question One PART ONE - Task E Ledger Account Bank Current Account Cash Sales Trade Debtors Purchases Trade Creditors Value Added Tax (VAT) Capital Insurance Light, Heat and Power Repairs and Renewals Bad Debts Rates Cleaning Costs Stationery Telephone Staff Wages PAYE Motor Expenses Advertising Rent Shop Equipment (Cost) Delivery Vehicles (Cost) Ellie s Wholesale Trial Balance as at 31 December 2010 DR CR IAB L2 Award in Man Bk Jan 2011 (final) Page 4
For Use in Answering Question One PART TWO Task A Ellie s Wholesale Journal Date 2011 Details DR Wages Control Account 2,900.00 CR Wages Control Account 665.78 Wages Control Account 497.33 Wages Control Account 453.77 Wages Control Account 15.00 IAB L2 Award in Man Bk Jan 2011 (final) Page 5
For Use in Answering Question One PART TWO Task B Ellie s Wholesale Journal Date 2011 Details DR CR IAB L2 Award in Man Bk Jan 2011 (final) Page 6
For Use in Answering Question Two Task A Green & Co. Control Accounts Green & Co. General Ledger (Extract) DR Sales Ledger Control CR DR Purchase Ledger Control CR IAB L2 Award in Man Bk Jan 2011 (final) Page 7
For Use in Answering Question Two Task B Green & Co. Reconciliation of Personal Account Balances to Control Account Balances Reconciliation of Personal Account Balances per Sales Ledger as at 31 December 2010 to Sales Ledger Control Account Balance as at that Date DR/CR Total debtors per Sales Ledger 31 Dec 2010 Balance per Sales Ledger Control Account 31 Dec 2010 Difference Reconciliation of Personal Account Balances per Purchase Ledger as at 31 December 2010 to Purchase Ledger Control Account Balance as at that Date DR/CR Total creditors per Purchase Ledger 31 Dec 2010 Balance per Purchase Ledger Control Account 31 Dec 2010 Difference Task C Green & Co. General Ledger (Extract) DR Value Added Tax (VAT) Control Account CR Date Details Date Details 2010 2010 1 Dec Balance b/d 6,755 IAB L2 Award in Man Bk Jan 2011 (final) Page 8
SECTION D MAINTAINING PETTY CASH RECORDS THERE ARE SIX TASKS IN THIS SECTION YOU MUST COMPLETE ALL TASKS Page 9 FOR USE IN ANSWERING SECTION D TASKS 1, 2 AND 3 COMPLETE A PETTY CASH BOOK High Street News Petty Cash Book Receipts Date 2011 Details 300.00 24 Jan Balance b/f Voucher No Total Payment Expenditure Analysis VAT Advertising Wages Stationery Sundries - Sub Totals - 28 Jan Balance c/d Totals 28 Jan Balance b/d - 28 Jan Bank - 28 Jan Balance c/f -
Reconciliation of Petty Cash Book Balance with Contents of Petty Cash Box Date: Denomination (notes and coins) Quantity Amount in Box P Contents of Petty Cash Box 20 Notes 10 Notes 5 Notes 2 Coins 1 Coins 50p Coins 20p Coins 10p Coins 5p Coins 2p Coins 1p Coins Total per Petty Cash Box Balance per Petty Cash Book Difference FOR USE IN ANSWERING TASK E COMPLETE A CHEQUE REQUISITION DATE: CHEQUE PAYABLE TO: AMOUNT: DETAILS: SIGNED: CHEQUE REQUISITION IAB L2 Award in Man Bk Jan 2011 v3 AB Page 10
FOR USE IN ANSWERING TASK F COMPLETE A PETTY CASH VOUCHER No: Petty Cash Voucher Date: AMOUNT Details p Claimant: Authorised by: IAB L2 Award in Man Bk Jan 2011 (final) Page 11
For Use in Answering Question Four Tasks A and F THE CONFECTIONERY STORE Sales Ledger (Memorandum Accounts only) DR Sweet & Co. CR DR The Sweet Shop Ltd CR DR Pick & Mix CR IAB L2 Award in Man Bk Jan 2011 (final) Page 12
THE CONFECTIONERY STORE Purchase Ledger (Memorandum Accounts only) DR Humbugs Co. CR DR Penny Sweets Ltd CR DR Sweets Galore CR IAB L2 Award in Man Bk Jan 2011 (final) Page 13
For Use in Answering Question Four (continued) Tasks A, B, C, D, E and F THE CONFECTIONERY STORE General Ledger (COMPLETE) DR Sales CR DR Sales Returns CR DR Sales Ledger Control CR DR Purchases CR DR Purchase Returns CR IAB L2 Award in Man Bk Jan 2011 (final) Page 14
For Use in Answering Question Four (continued) DR Purchase Ledger Control CR DR Value Added Tax CR DR Advertising CR DR Wages CR DR CR Capital IAB L2 Award in Man Bk Jan 2011 (final) Page 15
For Use in Answering Question Four (continued) DR Sundry CR IAB L2 Award in Man Bk Jan 2011 (final) Page 16
For Use in Answering Question Four Task G The Confectionery Store Trial Balance as at 31 December 2010 Ledger Account DR CR IAB L2 Award in Man Bk Jan 2011 (final) Page 17
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