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.
Which items are shown in a statement of changes in equity?
Which document is used in the calculation of gross pay?
A business provided the following information. [Table with tangible non-current assets, intangible non-current assets, current assets, current liab...
Mario has decided that all items purchased by his business should be recorded at the amount he actually paid for them. Which accounting principle i...
Nor purchases goods from Adam. On 1 April Nor owed Adam $1500. The following transactions occurred in April 2017. April 9 Adam sold goods to Nor on...
Hong prepared draft financial statements on 31 March 2017 which showed a profit for the year of $9200. After the preparation of the financial state...
B Limited had the following balances in the books at 30 April 2017. $ Retained profits 1 May 2016 410000 General reserve 1 May 2016 75000 Debenture...
Jia provided the following information. $ At 1 April 2016 Opening inventory 27000 For the year ended 31 March 2017 Expenses 35000 Revenue 240000 At...
Bik is a sole trader. The following balances were extracted from her books on 28 February 2017. Revenue $410000 Purchases $216800 Returns inwards $...
Chung is a trader who buys and sells on cash and credit terms. He provided the following information for April 2017. April 1 Chung owed Delun, a cr...
Umar sells goods on credit and maintains a sales ledger control account. The following information is available for the month ended 31 March 2017. ...
Aishah and Bolin had been sole traders for many years. On 1 May 2016 they formed a partnership combining their assets and liabilities. Each partner...
Irfan's accounting year ends on 30 April. The following information is available for the years ended 30 April 2015, 2016 and 2017. 2015 $ 2016 $ 20...
The following balances were extracted from the books of Wang Manufacturing on 30 April 2017. Inventory at 1 May 2016 Raw materials $18200 Work in p...
Which group contains only liabilities?
Omar returned faulty goods to Yasmin, the supplier. Which document did Omar send to Yasmin?
Jacob settled the account of Ahmed, a credit supplier. He made the following entries on the credit side of his cash book. | | discount $ | cash $...
What may a credit balance on a ledger account represent?
The following partly-completed account appeared in Edward's sales ledger. Ann account | 2018 | | debit $ | credit $ | balance $ | |:---|:---|:...
The totals of a trial balance did not agree. The total of the debit column was $13400. It was found that the purchases journal had been overcast by...
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 ...