0452.5.1.04 — prepare income statements for trading businesses and for service businesses: past paper questions
Real questions on 0452.5.1.04 — prepare income statements for trading businesses and for service businesses
The newest 20 of 59 written questions. Open one to see it on the real paper.
- 0452/02 · Specimen 2027 · Q3c[3]
the trading account section of the statement of profit or loss for the year ended 31 December 2026.
See it on the paper → - 0452/21 · May/June 2026 · Q2c[4]
Hi Notes Music Club Coffee shop income statement for the year ended 31 March 2026 $ $ (c) Prepare the income statement for the coffee shop for the year ended 31 March 2026.
See it on the paper → - 0452/22 · May/June 2026 · Q2a[10]
Prepare Bennu’s manufacturing account for the year ended 30 April 2026. Bennu Manufacturing account for the year ended 30 April 2026 $ $
See it on the paper → - 0452/22 · May/June 2026 · Q2b[5]
Prepare Bennu’s income statement (trading section) for the year ended 30 April 2026. $ $ Bennu Income statement (trading section) for the year ended 30 April 2026
See it on the paper → - 0452/22 · May/June 2026 · Q5c[8]
Prepare Amber’s income statement for the year ended 31 March 2026. $ $ Amber Income statement for the year ended 31 March 2026 Amber is considering offering a partnership to her employee, Jasper. Jasper is keen to become a partner in the business, and he has ideas for increasing sales and for expanding the business. He...
See it on the paper → - 0452/23 · May/June 2026 · Q4c[4]
Calculate the corrected profit for the year ended 28 February 2026. $ 11 750 profit for the year after correcting errors original profit for the year per draft financial statements
See it on the paper → - 0452/22 · February/March 2026 · Q3a[10]
Prepare Molly’s income statement for the year ended 30 September 2025. Molly Income statement for the year ended 30 September 2025 $ $
See it on the paper → - 0452/22 · October/November 2025 · Q5b[7]
GH Company Income Statement (Trading section) for the year ended 31 March 2025 $ $ (b) Prepare the trading section of the income statement for GH Company for the year ended 31 March 2025.
See it on the paper → - 0452/23 · October/November 2025 · Q4a[5]
Prepare Talula’s income statement for the year ended 30 September 2025. $ $ Talula Income Statement for the year ended 30 September 2025 Talula has been notified by her electricity supplier that costs of electricity will increase by 15% with effect from January 2026. REQUIRED
See it on the paper → - 0452/23 · October/November 2025 · Q4b[4]
Suggest two courses of action that Talula might take to ensure that her profit for the year is not affected. For each course of action, state what impact the course of action might have on Talula’s business. An example has been provided in the table. Suggested course of action Impact on the business Increase service pr...
See it on the paper → - 0452/21 · May/June 2025 · Q2e[4]
Prepare Mo’s rental income account for the year ended 31 December 2024. Total the account and bring down the balance at 1 January 2025. Mo Rental income account Date Details $ Date Details $ Mo has noticed that his gross margin and profit margin are higher than those of Barry. REQUIRED
See it on the paper → - 0452/22 · May/June 2025 · Q5b[8]
Prepare Rexford’s income statement for the year ended 31 December 2024. Rexford Income Statement for the year ended 31 December 2024 $ $
See it on the paper → - 0452/22 · February/March 2025 · Q2a[9]
Prepare the income statement for Viraj for the year ended 31 January 2025. Viraj Income Statement for the year ended 31 January 2025 $ $
See it on the paper → - 0452/22 · February/March 2025 · Q2b[4]
Prepare the current liabilities section of Viraj’s statement of financial position at 31 January 2025.
See it on the paper → - 0452/22 · February/March 2025 · Q5d[5]
Prepare the income statement for the coffee shop for the year ended 31 December 2024. ABC Piano Club Coffee shop income statement for the year ended 31 December 2024 $ $
See it on the paper → - 0452/22 · October/November 2024 · Q3a[5]
Prepare the café income statement for the year ended 31 December 2023.
See it on the paper → - 0452/23 · October/November 2024 · Q5b[5]
Prepare the trading section of the income statement of G Limited for the year ended 31 March 2024. G Limited Income Statement (Trading section) for the year ended 31 March 2024 $ $ G Limited make all sales on credit and have supplied the following information: Trade receivables turnover (days) 38 29 At 31 March 2024 At...
See it on the paper → - 0452/11 · May/June 2024 · Q15[2]
Which entry was made in the income statement for the year ended 31 December 2020 for rent receivable?
See it on the paper → - 0452/11 · May/June 2024 · Q30[4]
What was the revenue for the year?
See it on the paper → - 0452/21 · May/June 2024 · Q3a[6]
Prepare the income statement for Q Limited for the year ended 31 January 2024.
See it on the paper →
What examiners said
Comprehensive responses • The income statement was presented in an acceptable format. • Items such as cost of sales, gross profit and profit for the year were correctly labelled. • Items of income were correctly added to the gross profit before the deduction of the expenses. Limited responses • Adjustments to income and expense items were incorrectly calculated. • Depreciation for the year was in...
— Examiner report, February/March 2026, 0452/22 Q3(a) (Cambridge)
A rental income account had to be prepared. There were a large number of complete reversals. Many did not include the opening rent accrued and some included it as a credit balance. Once again the wording was often incorrect, with ‘Barry’ being used instead of ‘Bank’.
— Examiner report, May/June 2025, 0452/21 Q2(e) (Cambridge)
The income statement pulls together all the information of relevant income and expenses and initially the trading section will utilise the purchases figure from part (a) and apply a margin or mark-up calculation. The need to include a purchases figure escaped many responses, although most answers could determine the closing inventory figure of $6400. The resulting cost of sales figure for many was...
— Examiner report, May/June 2025, 0452/22 Q5(b) (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.