IGCSE Accounting (0452) — May–June 2025, Paper 21

5 questions · every question answerable online with instant point-by-point AI marking against the official mark scheme.

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Question 1 · 20 marks · The accounting system - the journal

Anika started in business on 1 March 2024, but she did not start to keep full book-keeping records until 1 March 2025. Anika's assets and liabilities at 1 March 2025 were: $ ---…

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Question 2 · 20 marks · Accounting procedures - depreciation of non-current assets (reducing balance)

Mo is a farmer. He prepares his financial statements to 31 December each year. He delivers his farm produce to his customers in his delivery vehicle. Mo charges depreciation on…

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Question 3 · 20 marks · Accounting procedures - correction of errors and the journal

Nabil prepared a trial balance at 30 April 2025. The total of the debit side was $95 428, and the total of the credit side was $95 156. Nabil placed the difference in a suspense…

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Question 4 · 20 marks · Preparation of financial statements - limited companies (statement of changes in equity)

H Limited prepares its financial statements to 30 April each year. During the year ended 30 April 2025, the following took place: 1 The company made a profit for the year of $26…

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Question 5 · 20 marks · Preparation of financial statements - manufacturing accounts

Grace owns a factory which makes shoes. She buys handbags from a supplier and sells the shoes and handbags. Grace prepares her financial statements to 31 March each year. At 31…

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