IGCSE Accounting (0985) — May–June 2023, 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

Shvan runs a business. He uses a petty cash book with an imprest amount of $200. The following information is available for the month of March 2023. Date Details Amount $ ------…

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Question 2 · 20 marks

Stalla is a sole trader who sells on credit. She maintains a provision for doubtful debts at 4% of trade receivables. Stalla's trade receivables were: $ --- --- At 31 December…

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Question 3 · 20 marks

Eshe is a trader. She has prepared a trial balance at 31 March 2023. The totals did not agree and the difference was placed in a suspense account. Eshe later discovered the…

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Question 4 · 20 marks

Salman owns a footwear factory. He sells to all of the three local shoe shops. Salman prepares his financial statements to 30 April each year. At 30 April 2023, Salman's ledger…

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Question 5 · 20 marks

Q Limited prepares its financial statements to 31 March each year. The company's retained earnings at 1 April 2022 were $16 250. During the year ended 31 March 2023, the company…

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