What this practice covers
These questions are drawn from past CIE 9706 Accounting papers and filtered to double entry and the accounting equation. You answer, you find out immediately whether you were right, and you get the reasoning for the correct option and for each distractor. Wrong answers go to a mistakes locker so you can come back to exactly those.
Practice is free. You need an account only so your progress and your mistakes are still there next time.
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What examiners see students get wrong here
These are the errors that cost marks on double entry and the accounting equation, taken from our own topic notes. Read them before you practise and you will recognise the traps in the questions.
- Treating drawings as an expense in the income statement.
- Reading a credit to the bank account as money coming in.
- Debiting the supplier rather than crediting them when buying on credit.
- Recording only one half of a transaction, so the equation stops balancing.
- Confusing purchases, which is an expense, with the purchase of a non-current asset, which is not.
- Saying the accounting equation only balances at the year end. It balances after every transaction.
Revise it first
If any of the above is unfamiliar, work through the notes before practising: Double entry and the accounting equation revision notes.