What this practice covers
These questions are drawn from past CIE 9706 Accounting papers and filtered to sole traders and incomplete records. 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.
Start practising practice questions →
What examiners see students get wrong here
These are the errors that cost marks on sole traders and incomplete records, taken from our own topic notes. Read them before you practise and you will recognise the traps in the questions.
- Using mark-up where the question gives margin, or the reverse. Read which one it is before touching the numbers.
- Treating goods taken by the owner as a sale.
- Putting carriage inwards among the expenses.
- Forgetting to add back drawings when calculating profit from the change in capital.
- Adding capital introduced instead of deducting it in the same calculation.
- Calling a statement of affairs a statement of financial position.
- Using the closing capital figure in the statement of financial position without showing the profit and drawings that produced it.
Revise it first
If any of the above is unfamiliar, work through the notes before practising: Sole traders and incomplete records revision notes.