Practise 440 real Accounting questions from 2021 to 2026. See the correct answer and a clear explanation the moment you answer.
O Level Accounting (Cambridge (CAIE) 7707) is examined in the May/June and Oct/Nov series. Tayyari Karo has real questions from 2021 to 2026 across Paper 1, Paper 2, covering topics such as Ratios, Depreciation, Partnership, Errors and Club accounts. The fastest way to improve is to work through real questions and read why each answer is right.
Tayyari Karo collects the real Cambridge (CAIE) Accounting questions in one place, sorted by paper and topic. 385 of them are multiple choice and marked instantly, and the rest are structured questions with a full model answer.
These are real past-paper questions. Think of your answer first, then open the explanation.
What increases owner's capital?
Answer: D. transfer of vehicle to business from private use
Carl, a trader, took goods from the business for his own use. These goods had cost $100, and $8 carriage had been paid for them to be delivered to the business. How would this be recorded in Carl's accounts in the books of the business?
Answer: D. debit Carl's drawings account $108
Shula's financial year ends on 31 March. On 1 April 2021 there was a credit balance of $100 on Yasmin's account in Shula's purchases ledger. What does this mean?
Answer: B. Shula owed $100 to Yasmin
TC Limited is a manufacturing company, year end 31 January. Ledger balances at 31 Jan 2021 included: Inventory 1 Feb 2020 Raw materials $7 500, WIP $11 220, Finished goods $925; Purchases Raw materials $91 400, Finished goods $6 850; Wages Factory operatives $52 000, Factory supervisor $23 100; Rent and rates $19 620; Insurance $4 600; General factory expenses $4 200; Carriage inwards on raw materials $6 280; Factory equipment at cost $90 000; Provision for depreciation of factory equipment $30 960.
Additional information: (1) Inventory 31 Jan 2021 Raw materials $8 000, WIP $11 900, Finished goods $1 075. (2) Factory equipment depreciated 20% reducing balance. (3) In Dec 2020 $3 600 paid for rent 1 Dec 2020 to 28 Feb 2021. (4) At 31 Jan 2021 rates $550 unpaid. (5) Rent and rates apportioned equally between factory and office. (6) Insurance apportioned 75% factory, 25% office.
(a) Prepare the rent and rates account for the year, balance and bring down balances on 1 Feb 2021.
(b) Prepare the manufacturing account for the year ended 31 January 2021.
(c) Advise the directors whether they should charge depreciation on low-value office equipment. Provide two advantages and two disadvantages.
(a) RENT AND RATES ACCOUNT: Dr side: Balance b/d (prepayment of rent, 1 month of $3 600 = $1 200) $1 200; Bank (rent & rates paid) $19 620; Balance c/d rates accrued $550. Cr side: Income statement (factory + office) half each; total expense = $19 620 + $1 200 - $550 = $20 270; factory $10 135, office $10 135; Balance c/d (prepaid rent 1 Feb 2021 = 1 month of $1 200) $1 200. Bring down 1 Feb: prepaid rent $1 200 (dr). …
The full model answer is in the app.
Number of questions available for each paper.
| Session | Paper 1 | Paper 2 |
|---|---|---|
| May/June 2026 | 35 | 5 |
| May/June 2025 | 35 | 5 |
| Oct/Nov 2025 | 35 | 5 |
| May/June 2024 | 35 | 5 |
| Oct/Nov 2024 | 35 | 5 |
| May/June 2023 | 35 | 5 |
| Oct/Nov 2023 | 35 | 5 |
| May/June 2022 | 35 | 5 |
| Oct/Nov 2022 | 35 | 5 |
| May/June 2021 | 35 | 5 |
| Oct/Nov 2021 | 35 | 5 |
Yes. Every question comes from a real Cambridge (CAIE) Accounting (7707) paper from 2021 to 2026. Each one shows the year, session and paper it came from.
You can start free with no signup. A small set of papers per subject is free, and Premium unlocks every paper, the full question bank and the paper PDFs.
Yes. Every question gives you the correct answer straight away with a short explanation, so you learn from mistakes instead of just marking them.
Paper 1, Paper 2 across the May/June and Oct/Nov sessions. Multiple-choice questions are marked automatically, and structured questions show a full model answer.
