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.
At the end of the financial year, Ryan owed $200 for motor expenses. How will this appear in Ryan's ledger and balance sheet?
A business provides the following information. $ trade receivables 13 400 provision for doubtful debts brought forward 800 debts to be written ...
A motor vehicle cost $8000. The price included $36 for petrol. The total payment of $8000 was debited in the motor vehicle account. What is the ef...
At the end of her financial year, Lucy decided to depreciate her fixtures by $1000. Which journal entry will record this?
Tracey runs a clothing store. She sold a computer with a net book value of $2000 for $1800. Cash was received but no entries had been made in any a...
Which group of items appear in a purchases ledger control account?
Nirmal sells two products, product G and product H. The following information is available about his inventory on 31 December 2010. product | num...
On 1 January 2010, Zafar borrowed $10 000. He agreed to repay the loan by annual instalments of $1000 starting on 1 January 2011. How will the loa...
Which is a service business?
A partnership agreement states that interest on drawings will be charged. How is this recorded?
On 1 August 2011 the opening balance of a receipts and payments account was $10 000. The following information is available for the month of Augus...
Wayne provided the following information. $ $ revenue (sales) 12 800 opening inventory 1 000 purchases 10 500 11 500 closing inventory 1 600 ...
Zed Ltd provided the following information. $ issued and paid up share capital 200 000 general reserve 30 000 retained profits 15 000 10% debe...
Which group contains only indirect costs?
Tarik and Fatima are paid $5 for each article they make, subject to a minimum weekly wage of $400 each. In one week Tarik made 70 articles and Fat...
Simran's profit for the year, before interest, was $18 000. Interest payable amounted to $2000. The balance on her capital account was $80 000 and ...
A sole trader and a large limited company purchase identical office equipment. The sole trader treats it as a non-current asset and the limited com...
John purchased a non-current asset on credit. He made an entry in both the non-current asset account and the creditor's account. Which accounting ...
Melanie provided the following information at the end of her financial year. $ non-current assets at cost 14 000 amount owing by customers 1 250 am...
Eli buys goods on credit from Mona. What entries should Eli make in his ledgers? general ledger purchases ledger A credit Mona debit purchases B cr...
Raoul trades with Christine. They exchange the following documents. Which document would normally be issued first?
Zoran was given the following discounts by his supplier when he bought goods, list price $4000. trade discount 25% cash discount 5% Which amount wo...
The bank statement of Leroy shows a balance of $3500 and the cash book shows a balance of $4200. The difference is due to a receipt of $1000 shown ...
There is a credit balance of $100 on Yasmin's account in Shula's purchases ledger. What does this mean?
A business provides the following information. $ trade receivables 13 400 provision for doubtful debts brought forward 800 debts to be written off ...
At the end of her financial year, Lucy decided to depreciate her fixtures by $1000. Which journal entry will record this? debit credit $ $ A fixtur...
Nirmal sells two products, product G and product H. The following information is available about his inventory on 31 December 2010. product number ...
A partnership agreement states that interest on drawings will be charged. How is this recorded? debit credit A appropriation account partners' curr...
On 1 August 2011 the opening balance of a receipts and payments account was $10 000. The following information is available for the month of August...
Wayne provided the following information. $ $ revenue (sales) 12 800 opening inventory 1 000 purchases 10 500 11 500 closing inventory 1 600 9 900 ...
Zed Ltd provided the following information. $ issued and paid up share capital 200 000 general reserve 30 000 retained profits 15 000 10% debenture...
Christos is in business buying and selling goods on credit. The following details relate to the account of his customer Michelle for the month of J...
Majda prepared a trial balance on 31 August 2011. The trial balance failed to agree and a suspense account was opened. It was discovered that all o...
The treasurer of the Sandbury Sports Club did not keep full accounting records. The following information was available at 31 October 2011: Cash B...
The following information relates to the business of Samara, a wholesaler. Revenue (sales) for year ended 30 September 2011 $200000 Inventory 1 O...
Answer Question 5 on the following pages. Donney and Raj are in partnership sharing profits and losses in the ratio 2:1. Interest is allowed on ca...
Savvas is a supplier of goods to Akmal. Savvas allows 15% trade discount on all purchases made by Akmal. The following transactions took place in ...
Andrea prepares a sales ledger control account. At 30 September 2011 the following information is available: $ Trade receivables at 1 October 201...
Paulton Ltd is a company with the following capital structure: Authorised share capital $ Issued share capital $ Ordinary shares of $1 100000 5000...
The following information was extracted from the books of Anika. Revenue (sales) for the year ended 30 September 2011 $80000 Purchases for the yea...
Jasmine is a retailer of fashion goods. The following balances were extracted from her books on 30 September 2011. $ Revenue (sales) 210000 Purch...
On 1 October Winston's assets totalled $10 000 and his liabilities totalled $3000. On 2 October he paid $190 to a creditor after deducting $10 cash...
What is the purpose of the double entry book-keeping system?
Sue returned goods to Ana. Which entries did Sue make in her books?
Karim issued an invoice, a credit note and a receipt. What has happened?
Amina returned goods to Khalid. Where will this transaction be recorded in Khalid's books?
On 1 October Wayne invoiced Mandy for goods, $5000, less 20% trade discount. Mandy was also entitled to a cash discount of 5% if the balance was pa...
On 1 September Miriam's bank statement showed a credit balance of $3000. She found that there was an unpresented cheque of $360 and an uncredited d...
At the end of Leroy's financial year it was decided that the balance on the telephone expenses account, $340, should be split 90% for business use ...
The following balances were extracted from Majid's purchases and sales ledgers. Walid account $1500 debit Xian account $1700 debit Yu account $2300...