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.
What is the correct definition of margin of safety in dollars?
A company had sales revenue of $500000 and total costs of $400000. Fixed costs were $120000. What was the total contribution?
The following information is available. sales $250 000 variable production costs $150 000 fixed production costs $30000 gross profit $70000 fixed ...
What are the limitations of cost-volume-profit analysis? 1 It assumes fixed costs will remain constant. 2 It cannot be used if multiple products a...
Which of the following source documents would be issued when goods previously purchased on credit are returned to a supplier?
For each of the following transactions, state the account to be debited and the account to be credited in the ledger of XYZ Traders.
The following information relates to PQR Ltd for the year ended 31 December 2025:
The following information relates to the inventory of Product X held by RST Retailers during March 2026:
J. Khan's Cash Book (Bank column) on 30 April 2026 showed a debit balance of $1 850. The Bank Statement on the same date showed a credit balance of...
On 1 January 2023, Priti started a business selling custom-made jewellery. The following balances were extracted from her books at 31 December 2023:
The following information relates to T. Khan's business for the year ended 31 December 2023:
K. Singh, a sole trader, provided the following information from his books for June 2024:
Kiran, a business owner, is considering implementing a computerised accounting system. She currently uses a manual system.
The following is a list of balances from the books of J. Davies, a sole trader, as at 31 December 2023:
At the start of the year, a business had inventory valued at $3 500. During the year, purchases totalled $15 000 and sales totalled $20 000. The ma...
A business had the following balances at the end of the financial year. Trade receivables $12 000 Allowance for doubtful debts $800 It was decided ...
A manufacturing business provided the following information for the year ended 31 December 2022. Cost of raw materials used $23 000 Direct labour $...
A sole trader provided the following information. Gross profit $32 000 Expenses $11 000 Drawings $5 000 Sales $128 000 What was the net profit for ...
Which of the following is an example of a capital receipt? A Commission received B Interest received C Loan from a financial institution D Rent rec...
Which of the following is not a characteristic of a partnership? A Created by an agreement B Limited liability C Owned by partners D Unlimited liab...
Which of the following would be found in the Appropriation Account of a partnership? A Cost of sales B Drawings C Interest on capital D Rent of pre...
The following information relates to a limited company. Issued share capital $150 000 Share premium $10 000 Retained earnings $40 000 Debentures $2...
Which of the following describes the cost of production? A Cost of raw materials used and direct labour B Cost of raw materials used, direct labour...
The following information relates to a non-profit organisation for the year ended 31 December 2022. Subscriptions received $15 000 Subscriptions ou...
John, a sole trader, provided the following balances at 31 December 2022. Sales $130 000 Purchases $60 000 Returns inwards $4 000 Returns outwards ...
Samira is a sole trader. She provided the following information. Gross profit margin 20% Revenue $180 000 Rate of inventory turnover 5 times Trade ...
Sarah started a new business on 1 January 2023. She provided the following information for January 2023. 1. Paid $50 000 into the bank account as c...
The following information relates to T Ltd for the year ended 31 December 2022. Non-current assets Land and buildings $150 000 Plant and machinery ...
Max and Tom are in a partnership sharing profits and losses in the ratio 2:1 respectively. The following balances were available at 31 December 202...
Raja maintains her books of account using the accruals concept. On 1 May 2019, she paid an annual insurance premium of \$2 400 for the period 1 May...
The following balances were extracted from the books of Ben on 31 March 2020. Premises (at cost) \200 000 Accumulated depreciation – Premises 20 0...
The following balances were extracted from the books of Ben on 31 March 2020. Premises (at cost) \200 000 Accumulated depreciation – Premises 20 0...
Junaid provided the following information for his business for the year ended 31 December 2019. Inventory 1 January 2019 \5 000 Inventory 31 Decem...
Banu owns a business selling household appliances. She provided the following information for her business for the year ended 31 March 2020. | Ite...
Banu owns a business selling household appliances. She provided the following information for her business for the year ended 31 March 2020. | Ite...
Banu owns a business selling household appliances. She provided the following information for her business for the year ended 31 March 2020. | Ite...
Mila is a sole trader. On 1 April 2019, her bank account showed a debit balance of \2 800. The cash book showed a credit balance of 2 500 on the sa...
Mila is a sole trader. On 1 April 2019, her bank account showed a debit balance of \2 800. The cash book showed a credit balance of 2 500 on the sa...
Mila is a sole trader. On 1 April 2019, her bank account showed a debit balance of \2 800. The cash book showed a credit balance of 2 500 on the sa...
The following extract was taken from the books of Harsha for the year ended 31 March 2020. | | \$ | |:---|:---| | Revenue | 250 000 | | Returns in...
The following extract was taken from the books of Harsha for the year ended 31 March 2020. | | \$ | |:---|:---| | Revenue | 250 000 | | Returns in...
The following extract was taken from the books of Harsha for the year ended 31 March 2020. | | \$ | |:---|:---| | Revenue | 250 000 | | Returns in...
The following extract was taken from the books of Harsha for the year ended 31 March 2020. | | \$ | |:---|:---| | Revenue | 250 000 | | Returns in...
Aisha started a business on 1 January 2018. She provided the following information. **Financial year ended 31 December 2018** * Motor vehicles w...
Aisha started a business on 1 January 2018. She provided the following information. **Financial year ended 31 December 2018** * Motor vehicles w...
Lee started a business on 1 January 2020. He provided the following information for the month of January. **January 1** Started business with \5...
Kai owns a sports shop. He provided the following information for the year ended 31 December 2021. Revenue = $150 000 Cost of sales = $90 000 Expe...