The fundamentals of accounting: past paper questions
Real questions on the fundamentals of accounting
The newest 20 of 107 written questions, plus 110 multiple-choice. Open one to see it on the real paper.
- 0452/01 · Specimen 2027 · Q1[1]
Which of the following best describes the purpose of accounting?
See it on the paper → - 0452/02 · Specimen 2027 · Q1a[3]
three reasons why it is important for Maria to calculate the profit or loss of her business.
See it on the paper → - 0452/02 · Specimen 2027 · Q1e[5]
Maria whether she should use a computerised accounting system. Justify your answer by providing arguments for and against using a computerised accounting system.
See it on the paper → - 0452/21 · 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 · May/June 2026 · Q1c[5]
Advise Saleh whether or not he should increase the rate of discount allowed and charge an interest on overdue accounts. Justify your answer by providing points for and points against making these changes. Turn over
See it on the paper → - 0452/23 · May/June 2026 · Q2a[3]
Calculate the accumulated fund of the club at 31 March 2025.
See it on the paper → - 0452/23 · May/June 2026 · Q2b[6]
Prepare the subscriptions account for the year ended 31 March 2026. Balance the account and bring down the balances at 1 April 2026. Hi Notes Music Club Subscriptions account date details $ date details $
See it on the paper → - 0452/23 · 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 → - 0452/23 · May/June 2026 · Q2d[5]
Prepare the income and expenditure account for the club for the year ended 31 March 2026. $ $ Hi Notes Music Club Income and expenditure account for the year ended 31 March 2026
See it on the paper → - 0452/23 · May/June 2026 · Q2e[2]
Calculate the accumulated fund of the club at 31 March 2026.
See it on the paper → - 0452/23 · May/June 2026 · Q3a[4]
details $ date details $ date Yasmin and Zafran Rent expense account (a) Prepare the rent expense account for the year ended 31 March 2026. Balance the account and bring down the balance at 1 April 2026. Yasmin and Zafran are considering obtaining a long-term loan to buy the storeroom which they are now renting. REQUIR...
See it on the paper → - 0452/23 · May/June 2026 · Q3b[5]
Advise the partners whether or not they should take out a long-term loan in order to buy the storeroom. Justify your answer by providing points both for and against doing this. The partnership agreement provides for: • • • • • interest on partners’ loans of 7.5% per annum interest on drawings of 5% per annum interest o...
See it on the paper → - 0452/23 · May/June 2026 · Q3c[7]
date details $ date details $ Yasmin Current account (c) Prepare Yasmin’s current account for the year ended 31 March 2026. Balance the account and bring down the balance at 1 April 2026. The credit balances on Zafran’s accounts at 31 March 2026 were: $ 35 000 5 600 capital account current account REQUIRED
See it on the paper → - 0452/23 · May/June 2026 · Q3d[4]
Prepare an extract from the statement of financial position showing the capital section (closing balances only) at 31 March 2026. Yasmin and Zafran Statement of financial position (extract) at 31 March 2026 $ $ $
See it on the paper → - 0452/23 · October/November 2025 · Q5a(ii)[1]
revenue expenditure
See it on the paper → - 0452/23 · October/November 2025 · Q5a(iii)[1]
capital receipts
See it on the paper → - 0452/23 · October/November 2025 · Q5a(iv)[1]
revenue receipts.
See it on the paper → - 0452/23 · October/November 2025 · Q5b[4]
Complete the table by indicating with a tick (3) how the following items of income and expenditure will be classified. item capital expenditure revenue expenditure capital receipt revenue receipt delivery charges for new office equipment repairs to the roof of an existing building painting of a new extension to the fac...
See it on the paper → - 0452/23 · October/November 2025 · Q5c[3]
Prepare the retained earnings column only of the statement of changes in equity of P Limited for the year ended 30 June 2025. P Limited Statement of Changes in Equity (retained earnings) for the year ended 30 June 2025 Retained earnings $ Additional information at 30 June 2025: $ 205 000 59 600 83 000 11 324 23 030 44...
See it on the paper → - 0452/23 · October/November 2025 · Q5d[9]
$ $ $ P Limited Statement of Financial Position at 30 June 2025 (d) Prepare the statement of financial position for P Limited at 30 June 2025.
See it on the paper →
What examiners said
Using data provided, candidates were required to calculate the total depreciation on a motor vehicle up to the date of disposal. There were many wholly correct answers. A few responses incorrectly included depreciation in the year of sale year. Some incorrectly tried to incorporate the disposal proceeds into the calculation.
— Examiner report, May/June 2025, 0452/21 Q2(a) (Cambridge)
An account to record the disposal of a motor vehicle had to be prepared. Many candidates understood the entries which were required, but used incorrect wording such as ‘MV at Cost’, ‘Depreciation’, ‘Proceeds’ and ‘Loss on Sale’ instead of the name of the account.
— Examiner report, May/June 2025, 0452/21 Q2(b) (Cambridge)
This short question required an understanding of capital and revenue expenditure. There were many correct responses, but a large number of candidates incorrectly included revenue items such as insurance and petrol.
— Examiner report, May/June 2025, 0452/21 Q2(c) (Cambridge)
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