IGCSE Accounting (0985) — October–November 2023, Paper 22

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 · Books of prime entry

Seok buys and sells goods on credit. He has three credit customers and allows one of them, Naomi, trade discount of 10%. All customers pay Seok by bank transfer. The following…

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Question 2 · 20 marks · Manufacturing accounts

Sara owns a clothing factory. She sells the clothing to a small number of local shops. She allows 30 days credit. At 30 September 2023, Sara's ledger account balances included the…

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Question 3 · 20 marks · Incomplete records

Lionel started trading on 1 July 2022. He paid $15 000 of his own personal money into the business bank account. He did not keep full accounting records but has supplied the…

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Question 4 · 20 marks · Correction of errors

Rachel is a trader. The totals of Rachel's trial balance prepared on 30 September 2023 did not agree and the difference was placed in a suspense account. Rachel later discovered…

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Question 5 · 20 marks · Ratio analysis

Nala is a retailer who sells toys and games. All sales are on a cash basis and all purchases are on credit. She has provided the following information. $ --- --- At 31 August 2023…

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October–November 2023 Paper 12 →

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