IGCSE Accounting (0452) — May–June 2025, Paper 13
35 questions · every question answerable online with instant point-by-point AI marking against the official mark scheme.
Start with Question 1 →Which task will not be performed by a book-keeper? A calculating accounting ratios B preparing a purchases journal C preparing a sales ledger D writing up a petty cash book
Answer this question and get it marked →What are assets? Each option shows whether each of three descriptions applies (yes/no): amounts owed to a business, amounts owed by a business, items owned by a business. amounts…
Answer this question and get it marked →Sammy bought goods on credit and later returned some of these goods. How would he record the returns in his books of account? account debited account credited --- --- --- A…
Answer this question and get it marked →An account in Peter's books of account was as follows: Rami account debit $ credit $ --- --- --- --- bank 380 balance b/d 400 discount received 20 400 400 Which statement is…
Answer this question and get it marked →At the end of her financial year, Jasmine balanced her cash book and ledger accounts and made appropriate year-end transfers. Which statements are correct? 1 The debit balance on…
Answer this question and get it marked →A trader bought goods on credit from a supplier. In which book of prime entry would the trader record this transaction? A cash book B general journal C purchases journal D sales…
Answer this question and get it marked →Which account balance will appear in the debit column of a trial balance? A carriage inwards B discounts received C provision for doubtful debts D purchases returns
Answer this question and get it marked →The totals of a trial balance did not agree, and a suspense account was opened. It was later found that the total of the discount allowed column in the cash book of $100 had been…
Answer this question and get it marked →After calculating his profit for the year, Yui discovered the following errors. 1 A purchase of a new motor vehicle for $3200 was debited to motor expenses. 2 The purchases…
Answer this question and get it marked →Jerry received a cheque of $450 from Fatima. He entered the receipt of the cheque correctly in his cash book. The posting to Fatima's account was reversed in error. Which journal…
Answer this question and get it marked →Somraj's bank statement showed a credit balance of $740 at 31 January. Somraj compared the bank statement with his cash book and updated the cash book after he found the…
Answer this question and get it marked →George is preparing his purchases ledger control account. Which information would he obtain from his general journal in order to do this? A contra entries with the sales ledger B…
Answer this question and get it marked →Javid's sales ledger control account had a debit balance of $12 000. Interest of $40 on an overdue account and also discount allowed of $150 had been omitted. What was the correct…
Answer this question and get it marked →What is the effect of incorrectly treating expenses as capital expenditure? income statement: profit for the year income statement: expenses total --- --- --- A overstated…
Answer this question and get it marked →Atif depreciates his motor vehicles at a rate of 20% per annum, using the reducing balance method. On 1 May 2024, Atif owned motor vehicles which had cost $35 000. The accumulated…
Answer this question and get it marked →T Limited rents out part of its premises. At the start of the year, the tenant was $600 in arrears. During the year, T Limited received $8650 in rent from the tenant. T Limited's…
Answer this question and get it marked →A provision for doubtful debts of 5% of trade receivables is maintained. At 1 January 2024, the provision for doubtful debts account had a credit balance of $240. At 31 December…
Answer this question and get it marked →How should a business value its inventory? A at the higher of cost and net realisable value B at the lower of cost and net realisable value C at the higher of selling price and…
Answer this question and get it marked →Which items are shown in a statement of financial position? Each option indicates (tick/cross) whether each item is shown: current assets, revenue, capital, non-current…
Answer this question and get it marked →A business provided the following information about two expenses. 1 January 2024 $ amount paid during year ended 31 December 2024 $ 31 December 2024 $ --- --- --- --- electricity…
Answer this question and get it marked →Which item is a current liability? A bank overdraft B commission receivable C mortgage loan on a property D provision for doubtful debts
Answer this question and get it marked →What is an advantage to a sole trader of forming a partnership? A Decisions are always acted on immediately. B Decisions are taken by the directors. C Partners share profits and…
Answer this question and get it marked →Which statements are correct in relation to the financial statements of a partnership? 1 Interest on partners' capital is shown as an expense in the income statement. 2 Interest…
Answer this question and get it marked →R Limited provided the following information. $ --- --- At 1 January 2024 ordinary share capital 350 000 retained earnings 46 000 general reserve 37 000 For year ended 31 December…
Answer this question and get it marked →A club included the balance on its accumulated fund in its statement of financial position. What is the equivalent of the accumulated fund in a statement of financial position of…
Answer this question and get it marked →Which item is included in a manufacturing account? A carriage on purchases of finished goods B depreciation of delivery vehicles C repairs of factory machinery D salaries of…
Answer this question and get it marked →A trader's assets increased by $25 000 and liabilities decreased by $5000 during the year. He took no drawings during the year. What was the profit or loss for the year? A $20 000…
Answer this question and get it marked →A trader does not maintain a full set of accounting records. How could he calculate the profit for the year? A closing capital - opening capital - drawings - capital introduced B…
Answer this question and get it marked →Janice started trading on 1 January. All her sales were made on a cash basis. During the year, Janice paid wages of $12 100 and took drawings of $7800 out of the amount received…
Answer this question and get it marked →A trader provided the following information. $ --- --- revenue 120 000 inventory at the start of the year 9600 inventory at the end of the year 10 200 A mark-up of 25% is applied.…
Answer this question and get it marked →A trader provided the following information for the year ended 31 December. $ --- --- total cash and credit purchases of goods for resale 150 000 cash purchases of goods for…
Answer this question and get it marked →The following information is taken from an income statement. $ --- --- cost of sales 15 000 gross profit 10 000 motor expenses 4000 general expenses 1000 What is the profit margin…
Answer this question and get it marked →The trade receivables turnover of a business is 42 days. Trade receivables are allowed 30 days to settle their accounts. The business has difficulty paying its credit suppliers.…
Answer this question and get it marked →A business does not record the skills or morale of its employees in its financial statements. Which accounting principle is being applied? A historic cost B materiality C money…
Answer this question and get it marked →What does the objective of understandability assume users of financial statements will possess? A full knowledge of accounting B knowledge of book-keeping but not accounting C no…
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