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Cambridge IGCSE Accounting practice

What is the primary purpose of the double entry bookkeeping system?

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MCQ

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cambridge_mcq

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Topic

The double entry system of book-keeping

Exam-style question

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What is the primary purpose of the double entry bookkeeping system?.

  1. A.To record transactions in one account
  2. B.To maintain balance in the accounting equation
  3. C.To simplify financial reporting
  4. D.To eliminate errors in accounting

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Paper 2 structured question: The double entry system of book-keeping

Paper 2Structured Written Paper2 marks

Description

Monthly Transactions

Record the transactions in the appropriate ledger accounts and balance them.

  1. a

    Calculate the total sales, total purchases, and total expenses for the month.

    Aim for approximately 2 distinct marking points.

    [2]