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.
The following information was obtained from the books of Arden. 1 February 2015 Trade receivables balance Trade payables balance $ 14 900 Dr 171...
Warle Limited provided the following information after the calculation of the profit for the year ended 30 April 2015. Profit for the year ended 3...
John provided the following information for the year ended 31 March 2015. Revenue Inventory 1 April 2014 Inventory 31 March 2015 Expenses Owner's ...
The following balances were extracted from the books of Spiron Manufacturing on 30 April 2015. Factory machinery (cost) Office fixtures (cost) Pro...
The following balances were available from the books of Priya on 1 April 2015. Putil $3000 credit Wages $1750 debit The following transactions took...
Atto Electrical had the following non-current assets on 31 March 2013. Net book value $ Premises (cost $50000) 48000 Motor vehicles (cost $16000) 1...
The following information is available for the Axton Chess Club. Receipts and Payments Account for the year ended 31 March 2015 $ $ Balance b/d 1 A...
Xever provided the following information for the year ended 31 March 2015. $ Capital 40000 Bank loan (repayable 1 Jan 2020) 10000 Inventory 1 Apri...
Farah and Hana are in partnership. The partnership agreement states that they share profits and losses equally. Interest on capital is allowed at t...
Which task would not be carried out by a book-keeper?
Goods purchased by Anna from Winston were returned before they were paid for. Where will Anna record the return of goods?
Aldo buys and sells goods on credit. A cheque received by Aldo was dishonoured by the bank. How would he record this dishonoured cheque?
Waseem received a bank statement. He found that the bank had charged interest twice in error and that a dividend had been received on an investment...
The following account appeared in Amna's ledger. [Syed account table: Sept 1 Balance b/d $400 dr; Sept 14 Sales $600 debit, $1000 dr; Sept 26 Bank ...
A trial balance did not balance. Which error caused this?
Alice's financial year ends on 31 December. The balances in her books on 1 January included the following. [Table: commission received $250 dr, ren...
Motor repairs, $250, have been posted in error to the motor vehicles account. What is the effect on the financial statements?
A business allowed Lee, a customer, $40 cash discount. The discount was entered in the discount allowed account but omitted from Lee's account. A s...
A trader provided the following information. [Table: Feb 1 sales ledger control account balance $6320 dr; Feb 28 sales journal total $51200; sales ...
A trader provided the following information. [Table: non-current assets $137000; current assets $44500; current liabilities $18000; non-current lia...
How is working capital calculated?
Leroy sublets part of his premises to Boris. How can Leroy calculate the rent receivable for the year?
Which group of items appears in a partnership appropriation account?
Fran and David are sole traders. They agree to amalgamate their businesses and to share profits and losses equally. Fran's goodwill was valued at $...
What may appear in the income and expenditure account of a sports club?
A sports club provided the following information. [Table: subscriptions received during the year $12000; subscriptions owing at the start of the ye...
A trader supplied the following information. [Table: capital at start of the year $30000; capital at end of the year $50000; drawings during the ye...
What is mark-up?
Which item is directly affected by the dividend policy of a limited company?
A limited company provided the following information. [Table: issued share capital – 50000 ordinary shares of $1 each $50000; profit for the year e...
A manufacturer provided the following information. [Table: cost of raw materials consumed $20000; direct wages $10000; light and heat $5000; machin...
At the end of the financial year a manufacturer had inventory of finished goods, raw materials and work-in-progress. Which inventories will appear ...
Dhoni's basic pay is $4 per hour. He is paid overtime as follows. Saturday: time and a half Sunday: double time Dhoni worked 6 hours on Saturday an...
An employer deducts income tax from staff wages each week and pays it to the government once a month on the last day of the month. What does the en...
A company provided the following information. [Table: revenue $500000; opening inventory $35000; purchases $310000; closing inventory $45000; cost ...
Omar purchased land ten years ago for $25000. He has been offered $60000 for the land. He thinks that the land may now be worth $100000. At what va...
Which statement is not true about reasons for using international accounting standards?
The following account appeared in Amna's ledger. Syed account date | details | debit $ | credit $ | balance $ Sept 1 | Balance b/d | | | 400 dr 14 ...
A trader provided the following information. Feb 1 sales ledger control account balance $6320 dr Feb 28 sales journal total $51200 sales returns jo...
A trader provided the following information. non-current assets $137000 current assets $44500 current liabilities $18000 non-current liabilities $1...
A sports club provided the following information. subscriptions received during the year $12000 subscriptions owing at the start of the year $1200 ...
A trader supplied the following information. capital at start of the year $30000 capital at end of the year $50000 drawings during the year $12000 ...
What is mark-up?
A limited company provided the following information. issued share capital – 50000 ordinary shares of $1 each $50000 profit for the year ended 30 A...
A manufacturer provided the following information. cost of raw materials consumed $20000 direct wages $10000 light and heat $5000 machinery repairs...
Dhoni's basic pay is $4 per hour. He is paid overtime as follows. Saturday time and a half Sunday double time Dhoni worked 6 hours on Saturday and ...
A company provided the following information. revenue $500000 opening inventory $35000 purchases $310000 closing inventory $45000 cost of goods sol...
Faara had the following assets and liabilities on 1 May 2015. $ Inventory 2850 Trade receivable - Jaafar 600 Other payables – Electricity 200 Bank...
The following balances were recorded in the books of Sofea on 1 March 2015. Motor vehicles account (at cost) $ 50000 Motor vehicles – provision fo...
Alif is a trader. He does not maintain a full set of accounting records but the following information is available. 1 Summarised bank transactions...