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.
A sales ledger control account showed the following. $ opening debit balance 2 000 sales 10 000 receipts from debtors 8 000 returns inwards 100 di...
A sports club had the following assets and liabilities. $ trade payables (creditors) for refreshments 750 bank 1870 debit subscriptions due from m...
A sole trader purchased the following items from an office supplier. $ calculator 10 computer system 2000 document shredder 25 stapler 5 Applying...
Rahman is a debtor in the books of Goldy. On 1 April 2010 the balance on the account of Rahman was $300. The following transactions related to the...
Sparky Ltd set up business on 1 May 2008 with the following assets: $ Property (Land and buildings) 150000 Computer equipment 40000 Inventory (sto...
Indira is a computer consultant. She does not keep a full set of double entry accounts but the following information is available for the year ende...
Zaynah is in business buying and selling goods on credit. The following balances were extracted from her books on 30 April 2010. $ Revenue (Sales)...
SGC Ltd is a trading company. The following balances were extracted from the books on 30 April 2010. $ Inventory (stock) at 1 May 2009 48500 Raw m...
Leung commenced business on 1 April 2010 with inventory (stock) $500 and bank $6000. Leung also has a bank loan of $3500 which is repayable in full...
Tsang is in business buying and selling goods on credit. The following information is available for the month of March 2010. $ Revenue (sales) 6500...
Chan and David were sole traders with the following assets and liabilities on 31 March 2009. | | Chan $ | David $ |---|---|--- | Intangible assets...
Paula Lim supplied the following information relating to her financial year ended 30 April 2010. $ Revenue (sales) 250000 Inventory (stock) 1 May 2...
Wang Yee is a manufacturer. The following balances were extracted from his books on 31 January 2010. | | $ | |---|---| | Inventories (stocks) 1 Fe...
Businesses make use of both book-keeping and accounting procedures. What is the purpose of book-keeping?
Which would be recorded by a credit entry in an account?
Which is true of a computerised accounting system?
Which is the accounting equation?
Wayne has sent the following business documents to Len, a customer. $ Jan 1 invoice 250 Jan 12 invoice 370 Jan 14 credit note 90 Jan 18 invoice 48...
Which document is issued to a customer to show all the transactions that have taken place during a month?
Hassan maintains a sales journal, purchases journal, sales returns journal and a purchases returns journal. At the end of his first month's tradin...
Jane, a trader, withdrew $50 from the business bank account for office use. How is this recorded in Jane's books?
Ann is a trader. On 1 April 2011 Cindy's account in Ann's ledger showed a credit balance of $520. The following transactions took place during Apri...
A trial balance fails to agree. The credit column totals $10 000. Two errors are then found. The sales journal has been overcast by $100. Goods so...
Azad maintains a ledger account for general expenses. On 1 January there was a prepayment of $176. On 31 December there was an accrual of $212. Th...
Winston decides to write off a debt due to him from Leroy for goods sold on credit. How is this recorded in Winston's books?
Motor repairs of $250 have been posted in error to the motor vehicles account. What is the effect on the financial statements?
A machine was purchased on 1 January 2010 for $12 000. It has a working life of 8 years after which it will be sold for $2000. Depreciation is cal...
The difference on a trial balance is entered in a suspense account. A payment of $112 for general expenses had been correctly entered in the cash ...
Which total is shown by the closing balance on a purchases ledger control account?
Which affects both gross profit and net profit?
How is capital employed calculated?
Which is not a service business?
Rajid and Sunil formed a partnership on 1 January 2010 but did not prepare a partnership agreement. They provided the following information. capi...
The Sandhill Golf Club has 150 members who each pay an annual subscription of $40. On 1 January 2010 subscriptions unpaid for 2009 amounted to $48...
A football club provided the following information at the end of its financial year: rent of premises paid in advance outstanding subscriptions fr...
Tarrant produced a statement of affairs at 31 December 2009 and at 31 December 2010. During 2010 his long term loan increased by $3000 and his net...
A limited company provided the following information: $ issued share capital – 50 000 ordinary shares of $1 each 50 000 profit for the year ended ...
Which appears in the appropriation account of a limited company?
Which is a direct cost?
An employer provides each employee with a time sheet. Which statement is correct?
Jake had current liabilities of trade payables and had current assets of inventory, trade receivables and cash at bank. Which measure would improv...
An international company has prepared financial statements without including very small items of furniture in its non-current assets. Which accoun...
Applying the money measurement principle, what is recorded in a balance sheet?
A trial balance fails to agree. The credit column totals $10 000. Two errors are then found. The sales journal has been overcast by $100. Goods sol...
Azad maintains a ledger account for general expenses. On 1 January there was a prepayment of $176. On 31 December there was an accrual of $212. The...
Winston decides to write off a debt due to him from Leroy for goods sold on credit. How is this recorded in Winston's books? account to be debited ...
Motor repairs of $250 have been posted in error to the motor vehicles account. What is the effect on the financial statements? profit for the year ...
The difference on a trial balance is entered in a suspense account. A payment of $112 for general expenses had been correctly entered in the cash b...
The Sandhill Golf Club has 150 members who each pay an annual subscription of $40. On 1 January 2010 subscriptions unpaid for 2009 amounted to $480...
A football club provided the following information at the end of its financial year: rent of premises paid in advance outstanding subscriptions fro...