Accounting 0452/12 Oct Nov 2024 | Cambridge IGCSE Past Papers With Mark Scheme

1. Financial Statements & Accounting Equation | Impact of financial statements on business decisions, effects of purchases on the accounting equation, nominal ledger accounts classification.

2. Transactions & Documentation | Recording customer payments with discounts, documents used in credit transactions, purpose of books of prime entry.

3. Trial Balance & Adjustments | Identifying debit side items, impact of unadjusted provisions on financial position, corrected profit calculations after errors.

4. Bank Reconciliation & Control Accounts | Determining cash book balances from bank statements, benefits of sales ledger control accounts, impact of bank transactions.

5. Depreciation & Non-Current Assets | Effects of depreciation, disposal of machinery, capital vs. revenue expenditure classification errors.

6. Financial Ratios & Business Performance | Inventory turnover, trade receivables/payables ratios, improving profit margins, effects of incorrect valuation of inventory.

7. Club & Partnership Accounting | Subscription account adjustments, partnership appropriation items, club financial statements classification.

8. Company Accounts & Share Capital | Equity calculations, debenture classification, statement of changes in equity, journal entries for accounting errors.

9. Manufacturing & Costing | Manufacturing account adjustments, cost of production calculation, impact of errors in cost valuation.

10. Users of Financial Information | Interest of banks, government, and employees in business financials, accounting principles application, qualitative characteristics of financial information.