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Cambridge IGCSE Accounting practice

What is the primary focus of book-keeping?

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

Show answerThe purpose of accounting revisionRevise the key idea

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MCQ

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cambridge_mcq

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Topic

The purpose of accounting

Exam-style question

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What is the primary focus of book-keeping?.

  1. A.Recording financial transactions
  2. B.Analyzing financial data
  3. C.Preparing financial statements
  4. D.Making business decisions

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Paper 2 structured question: The purpose of accounting

Paper 2Structured Written Paper2 marks

Description

Financial Performance Overview

The business has recorded total revenues of $150,000 and total expenses of $120,000 for the year.

  1. a

    Calculate the profit or loss for the business based on the provided financial data.

    Aim for approximately 2 distinct marking points.

    [2]