Cambridge IGCSE Accounting practice

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

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Paper

Marks

Topic

The double entry system of book-keeping

Exam-style question

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Paper 2Structured Written Paper2 marks

A company has the following transactions for the month: Sales of $5,000, Purchases of $3,000, and Expenses of $1,000.

Description

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

a
Calculate the total sales, total purchases, and total expenses for the month.
Your answer
Aim for approximately 2 distinct marking points.
[2]

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Paper 2Structured Written Paper3 marks

Description

Prepare a summary of the financial position based on the ledger balances provided.

a
Evaluate the financial position of the business based on the provided ledger balances.
Your answer
Aim for approximately 3 distinct marking points.
[3]