Question 1
Which of the following is the main purpose of accounting?
Correct Answer:
To record, classify and summarise financial information for decision making
Question 2
Which statement best distinguishes bookkeeping from accounting?
Correct Answer:
Bookkeeping is the recording of transactions; accounting also includes summarising, analysing and interpreting them
Question 3
The accounting equation is:
Correct Answer:
Assets = Liabilities + Capital
Question 4
A business has assets of $50,000 and liabilities of $18,000. What is the capital?
Correct Answer:
$$32,000
Question 5
Which of the following is a non-current asset?
Correct Answer:
Motor vehicles used in the business
Question 1
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About this Exam

Prepare with the IGCSE Accounting Practice Questions - Cambridge IGCSE Accounting (0452) Exam practice quiz. This question bank includes 100 questions covering capital, year, credit, account, and entry. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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IGCSE Accounting Practice Questions - Cambridge IGCSE Accounting (0452) Exam

This practice set contains 100 questions from the matching question bank and focuses on capital, year, credit, account, and entry. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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