The accounting system: past paper questions
Real questions on the accounting system
The newest 20 of 38 written questions. Open one to see it on the real paper.
- 9706/22 · October/November 2025 · Q2d[2]
State two features of a direct debit.
See it on the paper → - 9706/43 · May/June 2025 · Q2d(i)[2]
April
See it on the paper → - 9706/43 · May/June 2025 · Q2d(ii)[3]
May.
See it on the paper → - 9706/43 · May/June 2025 · Q2e[7]
Advise Terri whether she should proceed with option 1 or option 2 or both. Justify your answer.
See it on the paper → - 9706/22 · February/March 2025 · Q1e(ii)[2]
irrecoverable debts. Concept: Explanation: Additional information The partners are concerned about the liquidity of the business. The current credit terms are 30 days for both credit suppliers and credit customers. They have noticed that some credit customers are delaying the settlement of their invoices, whilst credit...
See it on the paper → - 9706/41 · May/June 2024 · Q2a(iii)[3]
the actual total quantity of direct materials used (in kilos)
See it on the paper → - 9706/41 · May/June 2024 · Q2a(iv)[2]
the actual price paid per kilo of direct material
See it on the paper → - 9706/41 · May/June 2024 · Q2a(v)[3]
the actual hours used by direct labour per unit.
See it on the paper → - 9706/21 · October/November 2023 · Q1a[3]
Calculate the value of closing inventory at 30 September 2023.
See it on the paper → - 9706/23 · October/November 2023 · Q3a[9]
Prepare the following ledger accounts to record the transactions. Dates are not required. Share capital Details $ Details Balance b/d $ 60 000 Share premium Details $ Details Balance b/d $ 21 800 Retained earnings Details $ Details Balance b/d $ 32 600 Additional information J Limited currently operates a manual system...
See it on the paper → - 9706/32 · October/November 2023 · Q1c[1]
State the accounting concept being applied in the treatment of the goods sent on a sale or return basis in item 2.
See it on the paper → - 9706/33 · October/November 2023 · Q1c(i)[1]
the directors
See it on the paper → - 9706/33 · October/November 2023 · Q1c(ii)[1]
the auditors.
See it on the paper → - 9706/33 · October/November 2023 · Q2c(i)[4]
Reducing the level of inventory held
See it on the paper → - 9706/23 · May/June 2023 · Q2d[2]
Define the term ‘error of principle’.
See it on the paper → - 9706/32 · May/June 2023 · Q1d[5]
Advise the management committee which option they should choose. Justify your answer.
See it on the paper → - 9706/21 · October/November 2022 · Q3a[10]
Prepare journal entries to record transactions 1 – 4. Dates and narratives are not required. Workings: Journal Item Account Debit $ Credit $ 1 2 3 4
See it on the paper → - 9706/23 · October/November 2022 · Q1h[5]
Advise Reece whether or not he should maintain a full set of accounting records. Justify your answer. PLEASE TURN OVER
See it on the paper → - 9706/23 · May/June 2022 · Q2a(i)[2]
Matching Definition Example
See it on the paper → - 9706/23 · May/June 2022 · Q2a(ii)[2]
Going concern Definition Example
See it on the paper →
What examiners said
A common error was identifying the matching concept instead of prudence. Most candidates then explained the impact on profit or the trade receivables with confidence.
— Examiner report, February/March 2025, 9706/22 Q1(e)(ii) (Cambridge)
Candidates were required to calculate the closing inventory. It was evident that very few candidates could calculate it correctly. The most common error being the failure to adjust the revenue figure to the cost price.
— Examiner report, October/November 2023, 9706/21 Q1(a) (Cambridge)
Candidates were required to prepare ledger accounts for three accounts – share capital, share premium and retained earnings. Overall, candidate did not answer this question well. Many candidates demonstrated a lack of understanding of basic double entry skills. The most common error was a failure to enter the correct details for transactions.
— Examiner report, October/November 2023, 9706/23 Q3(a) (Cambridge)
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