What this practice covers
These questions are drawn from past CIE 9706 Accounting papers and filtered to accounting concepts. 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 accounting concepts, taken from our own topic notes. Read them before you practise and you will recognise the traps in the questions.
- Saying prudence means understating profit deliberately. It means not overstating it.
- Explaining a concept in the abstract when the question gives a scenario. Apply it to the scenario given.
- Using going concern to justify the accruals adjustments. Accruals is the concept behind those.
- Saying money measurement means everything is measured in money, without drawing the conclusion that some real assets are therefore excluded.
- Confusing realisation with the receipt of cash.
Revise it first
If any of the above is unfamiliar, work through the notes before practising: Accounting concepts revision notes.