Cambridge Past Paper Questions
Browse 23,045questions from 25 years of O-Level & A-Level exams. Click any question to practice.
What will not appear in the financial statements of a club?
A sports club provided the following information. $ subscriptions received during the year 12000 subscriptions owing at the start of the year 1 200...
Anita provided the following information for the year. $ sales 70000 profit for the year 7000 expenses 26000 opening inventory 2000 closing invento...
The following items appeared in the statement of financial position of a limited company. 1 debentures 2 general reserve 3 ordinary share capital 4...
A company had retained earnings of $3600 on 1 July 2018. The profit for the year ended 30 June 2019 was $20000. An interim ordinary share dividend ...
A manufacturer provided the following information. $ prime cost of manufacturing 81 200 factory overheads 63 200 opening work in progress 8500 clos...
Which are used to record the number of hours worked by an employee?
A trader provided the following information. What was the current ratio? trade receivables $ 12000 trade payables 8000 inventory 15000 cash 100 ban...
Which transaction will increase both assets and capital by the same amount?
On 1 May Waheed issued an invoice for a credit sale of ten chairs to Yasser at a list price of $40 each. Trade discount of 10% was deducted. Yasser...
On 1 October the bank column of Kim's cash book showed an overdraft of $120. She was then notified that a cheque, $80, received from a customer in ...
Which statement about a bank reconciliation statement is correct?
A supplier's account in Shilpa's ledger showed a balance owing on 1 October of $3400. In October Shilpa purchased goods, $860, and returned goods, ...
A flat above a trader's shop was rented out at $90 a month from 1 July 2018. At 30 June 2019 the rent receivable account showed entries for rent re...
Hanna owed Alan $1800. On 1 June Hanna paid $1300 and the remaining balance was written off. What entries did Alan make on 1 June?
At the end of her financial year Ling reduced the provision for doubtful debts by $500. Which journal entry records this?
What will be treated as capital expenditure?
Which methods of depreciation are used for these non-current assets? 1 a non-current asset consisting of a number of small items 2 a non-current as...
Machinery, $20000, was purchased on 1 January 2017. The provision for depreciation of machinery account at 31 December 2018 showed the following en...
Joseph depreciates his fixtures by 20% per annum using the straight-line method. A full year's depreciation is charged in the year of purchase. Dur...
Which item would not appear in a sales ledger control account?
After preparing her income statement Emma found that: 1 a bad debt, $1500, should have been written off 2 no adjustment had been made for rent prep...
The following balances were extracted from Sabeena's books on 31 December. $ non-current assets 65000 current assets 13000 current liabilities 900...
A sports club provided the following information. $ subscriptions received during the year 12000 subscriptions owing at the start of the year 1200...
The statement of financial position of a sports club included the following. $ subscriptions in advance 100 subscriptions in arrears 130 bank 790 ...
What is not a voluntary deduction from gross wages?
How is the current ratio calculated?
Which ratio measures liquidity?
Which accounting principle is referred to in the following statement? 'An accountant should not overstate profit and should provide for all possibl...
Filton is a retailer of electrical goods. His financial year ends on 30 September. The following information was available from his books. Balance...
Rod's financial year ends on 31 December. On 1 January 2020 Rod will purchase a new delivery vehicle for his business. The details are as follows: ...
The Primrose Garden Store has two departments: plants and tools. The following information is available for the year ended 30 September 2019. Reven...
Indu is in business buying and selling goods on credit. The following information is available. At 1 October 2018 Inventory $35000 For the year end...
Feng is a sole trader. The following balances were extracted from the books on 30 September 2019. Non-current assets (at cost) Land and buildings $...
Sairah is a retailer of garden furniture. The following ledger account appeared in her books on 31 August 2019. Wootton account Date Details Debit ...
Karthik extracted the following trial balance from his books on 30 September 2019. Trial Balance at 30 September 2019 Debit Credit $ $ Revenue 180...
ABC Limited has ordinary share capital consisting of 150000 shares of $1 each. The following is an extract from the statement of changes in equity ...
Rani is in business buying and selling goods on credit. She provided the following information. At 1 October 2017 $ Capital 75000 Bank loan (repaya...
The following balances were extracted from the books of B Manufacturing on 30 September 2019. Inventory at 1 October 2018 $ Raw materials 7900 Work...
What is not an example of a book-keeping entry?
The following balances appeared in Hussein's books. $ fixtures 6000 inventory 3300 trade receivables 3000 trade payables 4500 other receivables 500...
What does the owner's equity consist of?
Which entries did Sally make to record the following transaction? Rashid, a credit customer, returned damaged goods. account to be debited | accou...
The following account appeared in the books of Mary. Paul account $ | $ --- | --- April 1 balance b/d 90 | April 21 returns 25 14 sales 150 | 30 b...
In which sections of Zamir's ledger would the following accounts be maintained? 1 the sales account 2 the account of Harjit, a trade receivable s...
Sue allows 2% cash discount to credit customers who settle their account within 28 days. Jane purchased goods, list price $200, on 10 September. Sh...
A transaction was posted to the wrong account of the same class. Which type of error was made?
Motor vehicle expenses, $50, were incorrectly debited to the motor vehicles account. Which journal entry corrects this error? debit $ | credit $ -...
Kate calculated her draft profit for the year at $28400. She later discovered the following errors. 1 Rent prepaid by Kate was understated by $100...
A trader's bank statement showed a credit balance of $2940. The following items had not been entered in the cash book. $ bank interest received 70...