Sources and recording of data — IGCSE Accounting (0452) questions by topic
Ledger balances, credit transactions recorded through the correct book of prime entry, year-end transfers between accounts, and the distinction between assets and liabilities make up this page's 18 questions, taken from 2025 papers and worth between 1 and 20 marks. Identify and calculate check whether you can read a transaction correctly, while prepare, complete and discuss ask you to record or reason about it.
Because a purchases-ledger or sales-ledger balance depends on correctly reading which party owes whom, submit worked answers for instant marking to catch a reversed debit or credit before it undermines every later posting.
May–June 2025, Paper 11
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 $ $ --- --- --- --- bank 380 balance b/d 400 discount received 20 400 400 Which statement is correct? A Peter received…
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 →May–June 2025, Paper 12
Rikado left his job as a machine operator to start his own manufacturing business. Why was he interested in his financial statements at the end of the first year of business? A to…
Answer this question and get it marked →How is owner's equity calculated? A total assets – total liabilities B total assets + total liabilities C current assets – current liabilities D non-current assets – non-current…
Answer this question and get it marked →Shula's financial year ends on 31 March. On 1 April 2024, there was a credit balance of $100 on Yasmin's account in Shula's purchases ledger. What does this mean? A Shula had paid…
Answer this question and get it marked →Which document may be used by a business as proof that an invoice has been paid? A credit note B paying-in slip C petty cash voucher D receipt
Answer this question and get it marked →Raminder maintains a petty cash book using the imprest system. The monthly imprest of $250 is restored on the first day of each month. In January, the petty cashier spent $105,…
Answer this question and get it marked →Which statement about cash discounts is not correct? A Cash discounts are given if payment is made within the time limit set by the supplier. B Cash discounts are shown as a…
Answer this question and get it marked →May–June 2025, Paper 13
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 →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 →May–June 2025, Paper 21
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: $ ---…
Answer this question and get it marked →May–June 2025, Paper 22
Kadima is a trader. He sells on credit only. During March 2025, the following transactions took place. Date (March) Transaction --- --- 4 Paid Lee, $196, by bank transfer in full…
Answer this question and get it marked →May–June 2025, Paper 23
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: $ ---…
Answer this question and get it marked →