A Level Accounting Past Papers
Paper 2
Exam sittings
| Session | Questions | Syllabus code |
|---|---|---|
| Specimen 2026 | 6 | 6001/2 |
| June 2018 | 13 | 6001/2 |
Topics covered
Process costingCompany accounts - share capital and redemptionControl accountsFinancial statements - sole tradercash budgetingpartnership dissolution
Sample questions
- Maria had trade payables of 19,840 at 1 January 2015. During the year ended 31 December…
- In accounting, a master budget is best described as:
- Maria's opening inventory on 1 January 2015 was 54,400 and her closing inventory on 31…
- A firm forecasts September sales revenue of $180 000, of which 30% is for cash. Cash…
- Maria's cost of sales for the year ended 31 December 2015 was $384,000. She marks up her…
- A company plans to issue 20 000 ordinary shares of 1 each in October at an issue price of…
- Green Limited has 60,000 4% redeemable preference shares of $1 each. On 30 May 2015 a…
- On dissolution of a partnership, trade receivables of $27 000 paid their accounts in full…
- Green Limited had 140,000 ordinary shares of 1 each in issue. On 30 June 2015 it made a…
- Freehold property with a book value of $130 000 was sold on dissolution of a partnership…
- Green Limited had 60,000 4% redeemable preference shares of $1 each. On 30 June 2015 it…
- On dissolution of a partnership, trade payables of $26 000 were settled and a 10%…
- In Process I of Shaba Limited, 5,000 litres of direct material were input for the…
- In Process I of Shaba Limited, 5,000 litres of direct material were input and normal loss…
- In Process I of Shaba Limited, direct materials were 5,000 litres at 0.50 per litre,…
- In Process II of Shaba Limited, the transfer from Process I was 3,800 litres valued at…
- During October 2015, James Limited received 335,426 through the bank from amounts…
- A credit customer of James Limited was granted a monthly rebate of 5% on purchases of…
Paper 3
Exam sittings
| Session | Questions | Syllabus code |
|---|---|---|
| June 2019 | 20 | 6001/3 |
Topics covered
Inventory valuationInvestment appraisalStatement of cash flowsStatement of changes in equity / impairment
Sample questions
- Karimba Limited had ordinary share capital of 1 200 000 in shares of 0,50 each. The…
- After a bonus issue, Karimba Limited had 2 800 000 ordinary shares of 0,50 each in issue.…
- A company's directors propose a final dividend at the year end, but shareholders have not…
- An item of machinery had a carrying value of 100 000. Following an impairment review, it…
- An item of machinery had a carrying value of 100 000. It could be sold for 65 000 (fair…
- Medals Limited's machinery had accumulated depreciation of 340 000 at the start of the…
- Medals Limited sold vehicles that had originally cost 75 000 for 12 000. The accumulated…
- Medals Limited sold buildings that had originally cost 240 000 for 320 000, realising a…
- Medals Limited's inventory was 400 000 at 31 December 2017 and 470 000 at 31 December…
- Which of the following is a genuine benefit of preparing a statement of cash flows, in…
- Mr Reedy sells goods at a mark-up of 25% on cost. Goods with a selling price of $6 250…
- Goods held in inventory had a cost of 7 500. They were damaged and could only be sold for…
- Goods with a selling price of 12 500 (cost 10 000, based on Mr Reedy's 25% mark-up on…
- Unused stationery costing $3 500 had mistakenly been included in the physical count of…
- Which of the following is an advantage of the FIFO (First In, First Out) method of…
- Project A has an initial outlay of 180 000 and an increase in working capital of 15 000.…
- Project B has an initial outlay of 160 000 and an increase in working capital of 6 000.…
- For Project A, the total present value of the future cash inflows discounted at Mbire…
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