Cambridge & Pearson Edexcel Past Paper Questions
Browse 35,704 questions from Cambridge O-Level & A-Level and Pearson Edexcel IGCSE & IAL exams. Click any question to practice.
Leo is unable to pay the debt he owes to Sam. Which entry did Sam make to write off this bad debt?
Rashid maintains a provision for doubtful debts of 5% of the trade receivables at the end of each year. Trade receivables owed $40000 on 31 March 2...
What are examples of revenue receipts? 1 a cheque received from the sale of a non-current asset at book value 2 a profit made on the sale of a non-...
Jon paid $18000 for machinery on 1 January 2016. He depreciated this asset using the diminishing (reducing) balance method at 5% per annum. What wa...
A motor vehicle cost $20000. It was sold for $12000. At the date of disposal the motor vehicle had been depreciated by $7200. Which journal entry r...
A business provided the following information. | | $ | |:---|:---| | sales ledger control account balance on 1 March | 3950 debit | | credit sales...
Dennis runs a business with two departments, one selling carpets and one selling furniture. Total sales were $210000 of which 60% related to the ca...
A business has no non-current liabilities. What is added to the non-current assets in order to calculate the capital employed?
Alan's inventory consisted of the following. | quantity | goods | cost per unit $ | selling price per unit $ | |:---|:---|:---|:---| | 100 | lar...
Which item is credited in a partnership appropriation account?
Y and Z formed a partnership and agreed to share profits equally. Y deposited $30000 into the business bank account. Z introduced a motor vehicle w...
A business provided the following information. | | $ | |:---|:---| | revenue | 100 000 | | gross profit | 20000 | What was the percentage mark-up?
A trader does not keep a full set of accounting records. How can he calculate credit sales?
Which item would be entered in a statement of changes in equity?
Which type of labour would be classified as direct? 1 factory managers 2 factory office staff 3 factory production workers
A manufacturing business provided the following information. | | $ | |:---|:---| | prime cost | 30 500 | | factory overheads | 17200 | | cost of g...
Which document is used to inform employees of their social security/national insurance contributions?
A business provided the following information. | | 2016 % | 2017 % | |:---|:---|:---| | gross profit/sales | 40 | 30 | | net profit/sales | 8 | ...
A trader spreads the cost of a machine over the years which benefit from the use of that machine. Which accounting principle is being applied?
On 1 May 2018 the balance in the bank column of Nuri's cash book was $350 debit. Nuri received a bank statement dated 1 May 2018 which showed a bal...
Zarita prepared a trial balance at 31 March 2018. The trial balance totals agreed. The following errors were later discovered. 1 Sales on credit t...
The W Sports Club provides sporting facilities for members. The club also runs a shop for the sale of sports clothing. The following information i...
The following balances remained in the books of Dharma on 30 April 2018 after preparation of the financial statements. | | $ ...
Boris is in business as a sole trader. The following balances were extracted from his books on 30 April 2018. | | $ ...
Which task is undertaken by an accountant?
What are advantages of using ICT (Information and Communications Technology) in book-keeping and accounting? 1 Accounts are instantly updated and a...
Which does not reduce the owner's capital?
A statement of account issued to a customer on 31 March 2019 showed the following information. $ invoices 250 credit note 10 cash discount 5% if pa...
Tahir purchased goods on credit from Yasmin. How did Yasmin record this? book of prime (original) account account entry debited credited A purchase...
Suzi owed $200 for goods supplied by Mandy. Suzi paid the amount owing by cheque, after deducting a cash discount of $10. Which entries would Suzi ...
The following account appeared in the ledger of Chan. Fu account 2019 $ 2019 $ March 28 bank 100 March 1 balance b/d 100 31 balance c/d 250 12 purc...
A trial balance is a listing of which balances?
A business purchased a motor vehicle, $8900, on credit from AKS Limited. The book-keeper made an error of reversal when recording this purchase. Wh...
Ali's financial year ends on 31 March. During the year ended 31 March 2019, Ali paid wages of $42500. On 31 March 2019, $1400 wages were accrued. W...
On 1 March 2019, a trader paid rent of $1200 covering the period 1 March 2019 to 31 May 2019. The trader's financial year ends on 31 March 2019. Wh...
An amount owed by Baloch was written off. Which entries were made? account debited account credited A bad debts Baloch B bad debts provision for do...
Kevin depreciated his motor vehicle by $2000 at the end of the financial year. Which journal entry would record this? debit $ credit $ A income sta...
Ravi's financial year ends on 30 April. Ravi bought a motor vehicle for $8000 on 1 May 2016 and sold it for $4050 on 1 May 2018. He uses the dimini...
Which would not appear in a sales ledger control account?
Fatima opened a department store on 1 January 2018. She provided the following information on 31 December 2018. department X $ department Y $ reven...
Which section of a statement of financial position would include goodwill?
At the end of the financial year Omar was owed $200 by a credit customer and he owed $10 for electricity. He also had a 2-year bank loan of $5000. ...
A club received subscriptions from members totalling $12600 in the year ended 30 April 2019. The following information was available. at 30 April 2...
A golf club sells refreshments to its members. Suppliers of refreshments were owed $250 on 1 January 2018 and $400 on 31 December 2018. Payments to...
Mariam provided the following information. at 1 January 2018 $ at 31 December 2018 $ trade receivables 5000 3500 Receipts from credit customers in ...
Sue started a business on 1 January 2019. The only accounting record she maintained was a bank account. Why is the balance on the bank account not ...
A limited company provided the following information. $ 1 January ordinary shares of $1 each 200 000 retained earnings 12000 31 December profit for...
What does not appear in a statement of changes in equity?
Which cost would be included in prime cost in a manufacturing account?
Jacob works 30 hours each week and is paid $10 per hour. He pays income tax at 30%, national insurance at 10% and makes a voluntary contribution to...