Accounting procedures: past paper questions
Real questions on accounting procedures
The newest 20 of 99 written questions, plus 192 multiple-choice. Open one to see it on the real paper.
- 7707/22 · October/November 2025 · Q3a[4]
Calculate the depreciation charge for each year of the recovery vehicle’s working life, assuming Ahmed replaces the recovery vehicle on 31 August 2025. Show your workings. $
See it on the paper → - 7707/22 · October/November 2025 · Q3b[2]
State one advantage and one disadvantage of the reducing balance method of depreciation. Advantage On 1 February 2025, a local dealer offered to buy the recovery vehicle from Ahmed for $35 000 cash. REQUIRED Disadvantage
See it on the paper → - 7707/22 · October/November 2025 · Q3c[3]
Show your workings, and state whether it would have been a ‘profit’ or ‘loss’. (c) Calculate the profit or loss on disposal if Ahmed had sold his recovery vehicle to the local dealer on 1 February 2025.
See it on the paper → - 7707/22 · October/November 2025 · Q3d(i)[2]
Prepare Ahmed’s motor vehicles account for the year ended 30 April 2025 if Ahmed had sold his recovery vehicle to the local dealer on 1 February 2025. Ahmed Motor vehicles account Date Details $ Date Details $
See it on the paper → - 7707/22 · October/November 2025 · Q3d(ii)[4]
Prepare Ahmed’s disposal of motor vehicles account for the year ended 30 April 2025 if Ahmed had sold his recovery vehicle to the local dealer on 1 February 2025. Ahmed Disposal of motor vehicles account Date Details $ Date Details $ Ahmed sold his recovery vehicle. Since the sale, he has been hiring a recovery vehicle...
See it on the paper → - 7707/22 · October/November 2025 · Q3e[5]
Advise Ahmed whether he should buy this new recovery vehicle. Justify your answer by providing advantages and disadvantages of buying the new recovery vehicle.
See it on the paper → - 7707/22 · October/November 2025 · Q4b[3]
Balance the account and bring down the balance at 1 April 2025. AY Limited Provision for doubtful debts account Date Details $ Date Details $ (b) Write up the provision for doubtful debts account in AY Limited’s ledger for the year ended 31 March 2025.
See it on the paper → - 7707/22 · October/November 2025 · Q4c(i)[1]
Explain what is meant by ‘a provision for doubtful debts’. (c) (i)
See it on the paper → - 7707/23 · October/November 2025 · Q2f[5]
Advise Jenny whether or not she should create and maintain a provision for doubtful debts. Justify your answer by providing two arguments for and two arguments against maintaining a provision for doubtful debts.
See it on the paper → - 7707/23 · October/November 2025 · Q3c(i)[1]
State why the inventory was included at a reduced value. (c) (i)
See it on the paper → - 7707/23 · October/November 2025 · Q3c(iii)[1]
Complete the table by indicating with a tick (3) the effect on Rushil’s gross profit of including his damaged inventory at a reduced value. effect on Rushil’s gross profit increase decrease Rushil is concerned that his credit customers are taking too long to pay him. He is considering allowing a 2.5% cash discount on a...
See it on the paper → - 7707/23 · October/November 2025 · Q3d[5]
Advise Rushil whether or not he should allow his credit customers a cash discount if they make payment to him within 21 days. Justify your answer with arguments for and against Rushil allowing his credit customers a cash discount if they make payment to him within 21 days.
See it on the paper → - 7707/23 · 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 → - 7707/23 · October/November 2025 · Q4c[5]
Advise Talula whether or not she should accept card payments. Justify your answer by providing two arguments for and two arguments against Talula accepting debit and credit card payments. Sheila, who rents part of Talula’s premises, has asked Talula if she would be interested in forming a partnership. REQUIRED
See it on the paper → - 7707/23 · October/November 2025 · Q5a(i)[1]
capital expenditure
See it on the paper → - 7707/23 · October/November 2025 · Q5a(ii)[1]
revenue expenditure
See it on the paper → - 7707/23 · October/November 2025 · Q5a(iii)[1]
capital receipts
See it on the paper → - 7707/23 · October/November 2025 · Q5a(iv)[1]
revenue receipts.
See it on the paper → - 7707/21 · May/June 2025 · Q2a[3]
Calculate the accumulated depreciation on the delivery vehicle which Mo sold on 31 March 2024.
See it on the paper → - 7707/21 · May/June 2025 · Q2b[4]
Prepare the disposal account for the sale of the delivery vehicle on 31 March 2024. Mo Disposal of vehicles account Date Details $ Date Details $ Mo purchased a new delivery vehicle on 1 April 2024. The purchase price is made up as follows: Cost of vehicle Petrol Insurance (6 months) Number (licence) plates $ 12 500 60...
See it on the paper →
What examiners said
An opening journal entry was required. Most candidates correctly debited the assets and credited the liabilities. A very common error was to completely omit the capital.
— Examiner report, October/November 2023, 7707/23 Q1(a)(i) (Cambridge)
Candidates were given the value of the opening and closing inventory of a trader and were required to prepare the inventory account. Despite similar questions being asked in the past, this proved very challenging for the majority of candidates and there were very few wholly correct responses. The opening inventory would appear as a debit balance brought down from the previous year and, at the year...
— Examiner report, October/November 2023, 7707/23 Q3(a) (Cambridge)
A provision for doubtful debts account was required. This also caused problems for many candidates, even though similar questions have appeared on past papers. Once again, extraneous items were often included, the most common ones being trade receivables and irrecoverable debts. The opening balance brought down from the previous year ($300) should have appeared on the debit side. At the end of the...
— Examiner report, October/November 2023, 7707/23 Q3(b) (Cambridge)
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