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CXC CAPE · · Accounting

Free CXC CAPE Accounting
Practice Paper

8 mixed-difficulty practice questions in the style of real CXC CAPE papers — answers, mark-scheme-style explanations, and the official exam structure all on one page.

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What the real CXC CAPE Accounting paper looks like

Paper 01 (Multiple Choice)
45 multiple-choice questions, 1 mark each. About 1 hour 30 minutes. Tests knowledge across all three Modules of the Unit.
Paper 02 (Essay / Structured)
Extended essay and structured questions, one per Module. Around 2 hours 30 minutes. Tests developed argument, application and use of examples.
Paper 03 (Internal Assessment)
School-Based Assessment for school candidates (Paper 03/1) or an alternative written paper for private candidates (Paper 03/2). Coursework/research component worth a significant share of the Unit grade.
Total written exam time: ~4 hours across Paper 01 and Paper 02, plus the Internal Assessment.
Grading: Unit grades: I (highest) to VII (lowest), with a Grade Point Average and per-Module profile. Grades I–V are the pass range for most purposes.

Mini practice paper: 8 questions

Mixed-difficulty questions from across the Accounting syllabus. Tap "Show answer" after each to check yourself.

Q1 · Difficulty 1/3

Which of these is a current asset?

  1. Premises occupied by the business
  2. Delivery vehicles used in the business
  3. Inventory held for resale
  4. A bank loan repayable in four years
Show answer & explanation
✓ Answer: C — Inventory held for resale
Award 1 mark. Current assets are expected to be turned into cash within a year; vehicles and premises are held for use over more than one period.
Q2 · Difficulty 1/3

Why is the cash book unusual among the books of original entry?

  1. It is the only one that does not use source documents
  2. It is the only one posted to the general ledger
  3. It is the only one that is totalled monthly
  4. It is both a book of original entry and a ledger account
Show answer & explanation
✓ Answer: D — It is both a book of original entry and a ledger account
Award 1 mark. That is why the cash and bank accounts do not appear a second time in the general ledger.
Q3 · Difficulty 1/3

Which ledger contains one personal account for each credit supplier?

  1. The purchases ledger
  2. The general ledger
  3. The sales ledger
  4. The private ledger
Show answer & explanation
✓ Answer: A — The purchases ledger
Award 1 mark. It is also called the payables ledger. The sales ledger holds the customers; the general ledger holds everything impersonal.
Q4 · Difficulty 1/3

What does a trial balance prove?

  1. That no errors have been made
  2. That all transactions have been recorded
  3. That the business has made a profit
  4. That total debits equal total credits
Show answer & explanation
✓ Answer: D — That total debits equal total credits
Award 1 mark. It checks the arithmetic of double entry only. Six kinds of error leave it perfectly balanced.
Q5 · Difficulty 1/3

What does the income statement measure?

  1. The market value of the business
  2. Financial position at a single date
  3. Cash received and paid during a period
  4. Performance over a period of time
Show answer & explanation
✓ Answer: D — Performance over a period of time
Award 1 mark. The statement of financial position is the one taken at a single date — one is a film of the year, the other a photograph of its last day.
Q6 · Difficulty 1/3

Where does carriage outwards appear?

  1. As a current liability
  2. As an expense below gross profit
  3. As a deduction from revenue
  4. Within cost of sales
Show answer & explanation
✓ Answer: B — As an expense below gross profit
Award 1 mark. Carriage outwards is a cost of selling. Carriage inwards is a cost of buying and belongs inside cost of sales.
Q7 · Difficulty 1/3

What is the accounting equation?

  1. Assets = Liabilities + Capital
  2. Liabilities = Assets + Capital
  3. Assets = Capital − Liabilities
  4. Capital = Assets + Liabilities
Show answer & explanation
✓ Answer: A — Assets = Liabilities + Capital
Award 1 mark. Everything the business controls must have been funded either by outsiders or by the owner. Rearranged it gives Capital = Assets − Liabilities.
Q8 · Difficulty 1/3

What does the business entity concept require?

  1. That the owner may not lend money to the business
  2. That the affairs of the business are recorded separately from the private affairs of its owner
  3. That every business is registered as a separate legal company
  4. That each department keeps its own set of ledgers
Show answer & explanation
✓ Answer: B — That the affairs of the business are recorded separately from the private affairs of its owner
Award 1 mark. It is an accounting rule, not a legal one — a sole trader is not a separate legal person, yet the books still treat the business as separate, which is exactly why capital and drawings exist as accounts.
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CXC CAPE Accounting FAQ

What does the CXC CAPE Accounting exam look like?
The CXC CAPE Accounting exam is structured across 3 components. Paper 01 (Multiple Choice): 45 multiple-choice questions, 1 mark each. About 1 hour 30 minutes. Tests knowledge across all three Modules of the Unit. Paper 02 (Essay / Structured): Extended essay and structured questions, one per Module. Around 2 hours 30 minutes. Tests developed argument, application and use of examples. Paper 03 (Internal Assessment): School-Based Assessment for school candidates (Paper 03/1) or an alternative written paper for private candidates (Paper 03/2). Coursework/research component worth a significant share of the Unit grade. Total written exam time: ~4 hours across Paper 01 and Paper 02, plus the Internal Assessment.
Can I download a free CXC CAPE Accounting past paper?
Real CXC CAPE past papers are published directly by CXC CAPE on their official website. Kramizo doesn't redistribute copyrighted past papers, but we do generate free AI-written practice papers in the exact same style — same command words, same difficulty tier, same mark conventions. Use this practice paper as warm-up, then time yourself on official past papers before exam day.
How is CXC CAPE Accounting graded?
Unit grades: I (highest) to VII (lowest), with a Grade Point Average and per-Module profile. Grades I–V are the pass range for most purposes. Kramizo's practice questions are tagged with difficulty 1-3 mapping roughly to the lower, middle, and top grade boundaries you'll encounter in the real exam.