0452.5.2.04 — prepare income statements, appropriation accounts and statements of financial position: past paper questions
Real questions on 0452.5.2.04 — prepare income statements, appropriation accounts and statements of financial position
The newest 20 of 31 written questions. Open one to see it on the real paper.
- 0452/22 · February/March 2026 · Q3b[3]
Prepare Molly’s capital account for the year ended 30 September 2025. Balance the account, and bring down the balance at 1 October 2025. Molly Capital account date details $ date details $
See it on the paper → - 0452/22 · May/June 2025 · Q2a[6]
Prepare the appropriation account for Farah and Salma for the year ended 28 February 2025. Farah and Salma Appropriation Account for the year ended 28 February 2025 $ $
See it on the paper → - 0452/22 · May/June 2025 · Q2b[7]
Prepare Farah’s current account for the year ended 28 February 2025. Balance the account and bring down the balance at 1 March 2025. Farah Current account Date Details $ Date Details $ Farah’s partner, Salma, wanted to take further drawings. REQUIRED
See it on the paper → - 0452/22 · May/June 2025 · Q2c[2]
State two reasons why Salma should not take more drawings. Farah and Salma would like to expand the business. They have decided to convert the business to a limited company. They are considering selling 30% of the ordinary share capital of the new company to each of their two brothers. The brothers would become directo...
See it on the paper → - 0452/23 · October/November 2024 · Q2a[8]
Prepare the profit and loss appropriation account on page 7 for the year ended 30 June 2024. Ali and Sai Profit and loss appropriation account for the year ended 30 June 2024 $ $
See it on the paper → - 0452/22 · May/June 2024 · Q4a[8]
Prepare the income statement for Tadeen and Yadid for the year ended 30 April 2024. Tadeen and Yadid Income Statement for the year ended 30 April 2024 $ $ ,
See it on the paper → - 0452/22 · May/June 2024 · Q4b[5]
Prepare the appropriation account for Tadeen and Yadid for the year ended 30 April 2024. Tadeen and Yadid Appropriation account for the year ended 30 April 2024 $ $
See it on the paper → - 0452/22 · May/June 2024 · Q4d[5]
Advise Tadeen and Yadid whether or not they should offer Raim a partnership. Justify your answer by providing points for and against offering Raim a partnership. ,
See it on the paper → - 0452/23 · May/June 2024 · Q4a[8]
Prepare the income statement for Tadeen and Yadid for the year ended 30 April 2024. Tadeen and Yadid Income Statement for the year ended 30 April 2024 $ $
See it on the paper → - 0452/23 · May/June 2024 · Q4b[5]
Prepare the appropriation account for Tadeen and Yadid for the year ended 30 April 2024. Tadeen and Yadid Appropriation account for the year ended 30 April 2024 $ $
See it on the paper → - 0452/23 · October/November 2023 · Q5b[5]
Prepare the statement of changes in equity for B Limited for the year ended 30 June 2023. B Limited Statement of Changes in Equity for the year ended 30 June 2023 Details Ordinary Share capital $ General reserve Retained earnings Total $ $ $ On 1 July 2022 On 30 June 2023
See it on the paper → - 0452/22 · May/June 2023 · Q4a[6]
Prepare the appropriation account on the opposite page for Akila and Darius for the year ended 30 April 2023.
See it on the paper → - 0452/23 · May/June 2023 · Q4a[6]
Prepare the appropriation account on the opposite page for Akila and Darius for the year ended 30 April 2023. Akila and Darius Appropriation Account for the year ended 30 April 2023 $ $
See it on the paper → - 0452/23 · May/June 2023 · Q4b(i)[5]
Prepare Akila’s current account for the year ended 30 April 2023. Akila Current account Date Details $ Date Details $
See it on the paper → - 0452/23 · May/June 2023 · Q4b(ii)[2]
Calculate the balance on Akila’s current account at 30 April 2023 if he had been due $1000 loan interest from the partnership. Akila and Darius’s partnership agreement provided for salary, interest on capital, interest on drawings, and profit share.
See it on the paper → - 0452/23 · May/June 2023 · Q4c[2]
State two other items which are usually included in a partnership agreement. Akila and Darius are considering forming a limited company. They would be the only two shareholders in the company.
See it on the paper → - 0452/22 · February/March 2023 · Q5a[6]
Prepare the appropriation account for Samir and Punita for the year ended 31 December 2022. Samir and Punita Appropriation Account for the year ended 31 December 2022 $ $
See it on the paper → - 0452/22 · February/March 2023 · Q5b[6]
Prepare Punita’s current account for the year ended 31 December 2022. Balance the account and bring down the balance at 1 January 2023. Punita Current account Date Details $ Date Details $ Samir would now like to pay the expenses of his own private car from the partnership bank account. REQUIRED
See it on the paper → - 0452/22 · February/March 2023 · Q5c[3]
Place a tick (3) in the appropriate boxes below to show the effects of Samir paying the expenses of his own private car from the partnership bank account. Increase Decrease No effect Partnership profit for the year Samir’s drawings Samir’s interest on drawings Samir and Punita are considering converting the partnership...
See it on the paper → - 0452/21 · October/November 2022 · Q4a[7]
Prepare the statement for the changes in equity for the year ended 31 August 2022.
See it on the paper →
What examiners said
Comprehensive responses • Candidates correctly applied double entry principles to the preparation of a capital account. • Candidates understood that profit increases capital and drawings reduce capital. Limited responses • Some candidates did not have a thorough understanding of double entry principles and were unable to relate these to the preparation of a capital account. • Many candidates comp...
— Examiner report, February/March 2026, 0452/22 Q3(b) (Cambridge)
The appropriation account for a partnership tends to be a welcome statement for candidates. The main difficulty here was that most responses did not calculate the interest upon drawings accurately. In practice, the taking of drawings does not conveniently coincide with the year end. It is necessary to calculate, in this case, a proportion of the interest to be charged on drawings based upon how lo...
— Examiner report, May/June 2025, 0452/22 Q2(a) (Cambridge)
The current account for a partner always attracts high marks as own figure answers from part (a) are used when producing the answer to part (b). Maximum marks were regularly achieved. Capital account balances do not appear in the current account and again this would corrupt any balances arising when the account is closed off at the year end. It is important to point out here, and in several other...
— Examiner report, May/June 2025, 0452/22 Q2(b) (Cambridge)
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