ExamForge

Cambridge O Level Accounting · 7707

O-Level Accounting (7707) Preparation of financial statements past paper questions

Questions on income statements and balance sheets for traders, partnerships, limited companies, and other organisations.

79 free questions from 2020–2021, each with its marking scheme. Open the full topical bank to filter by subtopic, paper, and year.

Preparation of financial statements in O-Level Accounting 7707 exams, 2020–2025

Across 2020–2025, Preparation of financial statements accounted for 266 questions worth 1,216 marks in Cambridge O Level Accounting (7707) papers.

By year
YearQuestionsMarks
202035206
202144160
202249237
202340192
202453243
202545178

Most-tested subtopics

  1. 5.3 Limited companies240 marks
  2. 5.1 Sole traders200 marks
  3. 5.5 Manufacturing accounts200 marks

Appears in

  • Paper 1 · 215 qs
  • Paper 2 · 51 qs
All most-tested Accounting topics
  1. 2021 Oct/Nov · Paper 1 · Q17

    17 Which is an advantage and a disadvantage of operating as a sole trader? advantage disadvantage A gains all the profit…
  2. 2021 Oct/Nov · Paper 1 · Q21

    21 Hassin found that he needed help to run his business. He decided to take a partner rather than employ an assistant. Why…
  3. 2021 May/Jun · Paper 1 · Q22

    22 James is an accountant and operates as a sole trader. Which items would not appear in his statement of financial…
  4. 2021 Oct/Nov · Paper 1 · Q22

    22 Anwar is a sole trader making annual profits of $24 000. He decides to admit Dilip as a partner. They agree that Anwar…
  5. 2021 Oct/Nov · Paper 1 · Q10 · 1 mark

    10 At the end of each year, PT Limited transfers 20% of the profit for the year to the general reserve. Draft financial…
    Marking scheme

    Mark scheme — 2021 Paper 1 Q10

    Answer: B

    Get Steven’s plain-English explanation

Showing 5 of 79 free Preparation of financial statements questions.

See them all in the topical bank

More Accounting topics