Trial balance: past paper questions
Real questions on trial balance
The newest 20 of 83 written questions. Open one to see it on the real paper.
- 9706/31 · May/June 2025 · Q1b[4]
Calculate the profit/loss from operating the vending machine for the year ended 31 December 2024.
See it on the paper → - 9706/41 · May/June 2025 · Q1a[10]
$ Rental $ Fixed costs Administrative costs $ $ Net cash flow (a) Complete the following table by calculating the net cash flow for each year of the project. $ Tickets $ $ Equipment Cost Year Additional information Waheed has a cost of capital of 10%. The discount factors for this are as follows: Year Discount factor 1...
See it on the paper → - 9706/22 · February/March 2025 · Q4b[4]
Calculate, to two decimal places, an overhead absorption rate for each production department, using a suitable basis. Cutting department Finishing department Additional information The Stores department issues component X to the Finishing department. The weighted average cost (AVCO) method of inventory control is used...
See it on the paper → - 9706/32 · February/March 2025 · Q3c[4]
Calculate the working capital cycle (round up each component to the next whole day). Additional information X plc, a major competitor, has a shorter working capital cycle than B plc.
See it on the paper → - 9706/32 · February/March 2025 · Q3d[5]
Discuss the performance of B plc in managing its working capital cycle as compared with X plc. Additional information X plc also has a PE ratio higher than B plc.
See it on the paper → - 9706/42 · February/March 2025 · Q2d[4]
Prepare a revised budgeted statement of financial position at 31 March 2026 based on the directors’ assumptions about the discount.
See it on the paper → - 9706/21 · October/November 2024 · Q2a[9]
Prepare journal entries to correct each error. Narratives are not required. Error Debit $ Journal Credit $ 1 2 3 4
See it on the paper → - 9706/21 · October/November 2024 · Q2b[4]
Prepare the suspense account at 30 September 2024 clearly showing the opening balance brought down. Dates are not required. Suspense account Details $ Details $ Additional information The trial balance included the following balances: Debit $ Purchases ledger control account Sales ledger control account Credit $ 8 640...
See it on the paper → - 9706/21 · October/November 2024 · Q2c(i)[1]
Purchases ledger control account
See it on the paper → - 9706/21 · October/November 2024 · Q2c(ii)[1]
Sales ledger control account.
See it on the paper → - 9706/41 · October/November 2024 · Q1b(i)[4]
April May June production budget (in units) (i)
See it on the paper → - 9706/41 · October/November 2024 · Q1b(ii)[6]
purchases budget (in kilos and dollars) April May June Additional information All goods are sold on a credit basis for $200 each. The credit period is 2 months. However, if the customers settle their accounts in the following month after sale, they will be allowed a discount of 3%. It is expected that 40% of the custom...
See it on the paper → - 9706/41 · October/November 2024 · Q1c[4]
Prepare a trade receivables budget for the month of June, showing the opening and closing balances. Additional information The sales for December 2025 are expected to be high. The directors have been informed that the maximum supply of direct materials for the months of November and December will be reduced. The direct...
See it on the paper → - 9706/21 · May/June 2024 · Q2a[2]
State two benefits of preparing a trial balance. Additional information Sana discovered some errors which did not affect the agreement of the trial balance totals. Type of error Error Omission A dishonoured cheque for $80 received from Aryan Stores. Commission An entry was made in the account of K Limited for goods ret...
See it on the paper → - 9706/21 · May/June 2024 · Q2b[8]
Prepare journal entries to correct the errors. Narratives are not required. Journal Debit $ Credit $
See it on the paper → - 9706/21 · May/June 2024 · Q2c[2]
State what is meant by an error of principle. Support your answer with one example.
See it on the paper → - 9706/42 · May/June 2024 · Q1a[4]
Prepare the production budget (in units) for each of the months April, May, June and July 2025. Additional information The budgeted cost structure of each unit is as follows: $ Direct materials 25 These are purchased on credit in the month of production. • • • One fifth (20%) is paid for in the month following purchase...
See it on the paper → - 9706/42 · May/June 2024 · Q1b[7]
Prepare an extract from the cash budget for each of the months June and July 2025 to show the payments related to production. Workings: Additional information The company usually makes all its sales on a cash basis for a selling price of $150 per unit. It expects to operate with a bank overdraft throughout 2025. The co...
See it on the paper → - 9706/42 · May/June 2024 · Q1c[7]
Calculate the change in the expected bank overdraft at the end of each of the months June, July and August 2025 if the order was accepted. Assume that all the extra production would take place in the month in which the units are supplied.
See it on the paper → - 9706/42 · May/June 2024 · Q1d[7]
Advise the directors whether or not the company should accept the order. Justify your answer.
See it on the paper →
What examiners said
Overhead absorption rates then had to be calculated using either the machine hour or labour hour. This was well answered with many gaining full marks for the calculation and the labels. A few candidates ignored the decimal places but generally this was adhered to. A minority of candidates forgot to label their answers appropriately, i.e., with ‘per machine hour’ or ‘per labour hour’. Some had used...
— Examiner report, February/March 2025, 9706/22 Q4(b) (Cambridge)
The working capital cycle calculation was made correctly by a high number of candidates. There were no common errors. A few candidates did not round up each component as was required.
— Examiner report, February/March 2025, 9706/32 Q3(c) (Cambridge)
There were some good responses which fully addressed the differences in the working capital cycle. Some candidates answered only regarding B plc without comparison to X plc.
— Examiner report, February/March 2025, 9706/32 Q3(d) (Cambridge)
Past papers, syllabus and examiner reports © UCLES (Cambridge University Press & Assessment). Questions are matched to topics from the official syllabus. AssessPro is independent and not endorsed by Cambridge.