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Cambridge O Level Accounting · 7707

O-Level Accounting (7707) The fundamentals of accounting past paper questions

Questions on the accounting equation and the purpose of accounting records.

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

The fundamentals of accounting in O-Level Accounting 7707 exams, 2020–2025

Across 2020–2025, The fundamentals of accounting accounted for 65 questions worth 94 marks in Cambridge O Level Accounting (7707) papers.

By year
YearQuestionsMarks
20201111
2021145
202277
20231433
2024928
20251010

Appears in

  • Paper 1 · 63 qs
  • Paper 2 · 2 qs
All most-tested Accounting topics
  1. 2021 May/Jun · Paper 1 · Q1

    1 Which statements about book-keeping and accounting are correct? 1 Accounting is performed periodically rather than daily.…
  2. 2021 Oct/Nov · Paper 1 · Q1

    1 Which statement is correct? A The accountant prepares the trial balance and the book-keeper prepares the financial…
  3. 2021 May/Jun · Paper 1 · Q2

    2 What increases owner’s capital? A bank loan extended from five to ten years B purchase of inventory on credit C purchase…
  4. 2021 Oct/Nov · Paper 1 · Q2

    2 Which formulas may be used for the accounting equation? 1 assets = owner’s equity minus liabilities 2 liabilities = assets…
  5. 2021 May/Jun · Paper 1 · Q1 · 1 mark

    1 Which statements about book-keeping and accounting are correct? 1 Accounting is performed periodically rather than daily.…
    Marking scheme

    Mark scheme — 2021 Paper 1 Q1

    Answer: A

    Get Steven’s plain-English explanation

Showing 5 of 25 free The fundamentals of accounting questions.

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