0452.5.1.05 — understand that statements of financial position record assets and liabilities on a specified date: past paper questions
Real questions on 0452.5.1.05 — understand that statements of financial position record assets and liabilities on a specified date
The newest 5 of 5 written questions. Open one to see it on the real paper.
- 0452/22 · May/June 2025 · Q1b[3]
Calculate the amount for the bank balance which Kadima would show in his statement of financial position at 31 March 2025. Kadima is considering stopping using cash and cheques in his business. All payments would be made directly from the bank account and all customers would be required to pay by bank transfer. He woul...
See it on the paper → - 0452/22 · May/June 2025 · Q3d[3]
Prepare the current assets section of Jasmine’s statement of financial position at 31 March 2025.
See it on the paper → - 0452/22 · February/March 2024 · Q3d[5]
Prepare the income statement for the shop for the year ended 31 December 2023 The Sporting Excellence Club Shop income statement for the year ended 31 December 2023 $ $
See it on the paper → - 0452/22 · February/March 2019 · Q3a[13]
Prepare the draft statement of financial position at 31 December 2018. The details of the partners’ current accounts should be shown within the statement. Bari and Nada Draft Statement of Financial Position at 31 December 2018 $ $ $ $ $ $ Bari and Nada’s receipts and payments during the financial year ended 31 December...
See it on the paper → - 0452/22 · February/March 2019 · Q3c(ii)[4]
Calculate the correct profit for the year ended 31 December 2018. Profit for the year $ 35 590 Corrected profit for the year ended 31 December 2018
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What examiners said
The amount requested from the question asked the candidate to use their own cash book balance after correcting by the error of the amount received from Merve. Most answers received one mark for starting with their own balance, but then tried to make an adjustment of $91 for an unpresented cheque. By definition this had already been entered into the cash book and could be ignored. Careless errors (...
— Examiner report, May/June 2025, 0452/22 Q1(b) (Cambridge)
The presentation of trade receivables in a statement of financial position requires the current asset to be shown with the deduction of the provision for doubtful debts in order to arrive at a net figure. This figure represents a realistic valuation of what a business can expect to receive from this current asset. Many candidates did not realise that the provision was the result of their calculati...
— Examiner report, May/June 2025, 0452/22 Q3(d) (Cambridge)
Candidates were required to prepare a draft statement of financial position of a partnership business. The candidates who seemed well-prepared earned good marks, but some seemed unfamiliar with this topic. A few did not show the sub-totals for the various sections of the statement. The deduction of the provision for doubtful debts from the trade receivables should be clearly shown (words and figur...
— Examiner report, February/March 2019, 0452/22 Q3(a) (Cambridge)
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