logo

Cambridge IGCSE Accounting practice

Paper 2 structured question: Accounting policies

Try the question first, then check the answer and practise the same topic again.

Attempt questionAccounting policies revisionRevise the key idea

At a glance

2

Paper

2

Marks

Topic

Accounting policies

Exam-style question

Try this first

Paper 2Structured Written Paper2 marks

A company has a Gross Profit of $50,000 and Revenue of $200,000.

Description

Gross Margin Calculation

Calculate the Gross Margin for the company.

  1. a

    Calculate the Gross Margin percentage.

    Aim for approximately 2 distinct marking points.

    [2]

0 of 1 part answered

Answer every part before opening the mark scheme.

Common mistake

No common mistake is linked to this question yet.

Related flashcards

Flashcard 1 of 6

Press Space to flip, arrows to move

Related practice questions

Question 1 of 5

Choose an answer, get feedback, then move sideways through the set.

0 of 4 attempted

Paper 2 structured question: Accounting policies

Paper 2Structured Written Paper2 marks

Description

Liquidity Ratios

Calculate the Current Ratio and the Liquid Ratio for the company.

  1. a

    Calculate the Current Ratio.

    Aim for approximately 1 distinct marking point.

    [1]
  2. b

    Calculate the Liquid Ratio.

    Aim for approximately 1 distinct marking point.

    [1]