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Sample IGCSE Accounting (0452) questions: Accounting procedures

Real past-paper questions with their marking schemes. Choose filters above and press Search to see all 1449 free Accounting questions across 7 chapters.

  1. 2021 Oct/Nov · Paper 2 · Q1 · 20 marks

    1 Shiv is a trader. His financial year ends on 31 August. He does not maintain a full set of accounting records but was able…1 Shiv is a trader. His financial year ends on 31 August. He does not maintain a full set of accounting records but was able… (continued)1 Shiv is a trader. His financial year ends on 31 August. He does not maintain a full set of accounting records but was able… (continued)1 Shiv is a trader. His financial year ends on 31 August. He does not maintain a full set of accounting records but was able… (continued)
    Marking scheme
    Mark scheme: 1(a) $ Payments to trade payables 257 700 Less Opening trade payables 32 600 (1) 225 100 Add Closing trade payables 29 600…Mark scheme: 1(a) $ Payments to trade payables 257 700 Less Opening trade payables 32 600 (1) 225 100 Add Closing trade payables 29 600… (continued)Get Steven’s plain-English explanation

  2. 2021 Oct/Nov · Paper 2 · Q1 · 20 marks

    1 Shiv is a trader. His financial year ends on 31 August. He does not maintain a full set of accounting records but was able…1 Shiv is a trader. His financial year ends on 31 August. He does not maintain a full set of accounting records but was able… (continued)1 Shiv is a trader. His financial year ends on 31 August. He does not maintain a full set of accounting records but was able… (continued)1 Shiv is a trader. His financial year ends on 31 August. He does not maintain a full set of accounting records but was able… (continued)
    Marking scheme
    Mark scheme: 1(a) $ Payments to trade payables 257 700 Less Opening trade payables 32 600 (1) 225 100 Add Closing trade payables 29 600…Mark scheme: 1(a) $ Payments to trade payables 257 700 Less Opening trade payables 32 600 (1) 225 100 Add Closing trade payables 29 600… (continued)Get Steven’s plain-English explanation

  3. 2021 Feb/Mar · Paper 2 · Q2 · 20 marks

    2 Zamir is in business providing legal services. Zamir provided the following balances from his books of account at 31…2 Zamir is in business providing legal services. Zamir provided the following balances from his books of account at 31… (continued)2 Zamir is in business providing legal services. Zamir provided the following balances from his books of account at 31… (continued)2 Zamir is in business providing legal services. Zamir provided the following balances from his books of account at 31… (continued)
    Marking scheme
    Mark scheme: 2(a) Zamir Income Statement for the year ended 31 December 2020 $ $ Fee income 151 750 Less Expenses *Rent and rates (26 000…Mark scheme: 2(a) Zamir Income Statement for the year ended 31 December 2020 $ $ Fee income 151 750 Less Expenses *Rent and rates (26 000… (continued)Mark scheme: 2(a) Zamir Income Statement for the year ended 31 December 2020 $ $ Fee income 151 750 Less Expenses *Rent and rates (26 000… (continued)Get Steven’s plain-English explanation

  4. 2021 May/Jun · Paper 2 · Q2 · 20 marks

    2 John and Banu are partners. The partners provided the following list of balances at 31 March 2021. $ Revenue 158 000…2 John and Banu are partners. The partners provided the following list of balances at 31 March 2021. $ Revenue 158 000… (continued)2 John and Banu are partners. The partners provided the following list of balances at 31 March 2021. $ Revenue 158 000… (continued)2 John and Banu are partners. The partners provided the following list of balances at 31 March 2021. $ Revenue 158 000… (continued)
    Marking scheme
    Mark scheme: 2(a) John and Banu Income Statement for the year ended 31 March 2021 $ $ Revenue 158 000 Cost of sales Opening inventory 9…Mark scheme: 2(a) John and Banu Income Statement for the year ended 31 March 2021 $ $ Revenue 158 000 Cost of sales Opening inventory 9… (continued)Mark scheme: 2(a) John and Banu Income Statement for the year ended 31 March 2021 $ $ Revenue 158 000 Cost of sales Opening inventory 9… (continued)Get Steven’s plain-English explanation

  5. 2021 Oct/Nov · Paper 1 · Q4 · 1 mark

    4 During her first financial year, a trader paid $1800 for insurance and $3200 for rent. At the end of the financial year,…
    Marking scheme

    Mark scheme — 2021 Paper 1 Q4

    Answer: C

    Get Steven’s plain-English explanation