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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

What is posting?

  1. Totalling a day book at the end of the month
  2. Sending a monthly statement to a credit customer
  3. Transferring an entry from a book of original entry to a ledger account
  4. Filing the source documents in date order
Show answer & explanation
✓ Answer: C — Transferring an entry from a book of original entry to a ledger account
Award 1 mark. It is the third stage of the accounting cycle, after the source document and the day book.
Q2 · Difficulty 1/3

What is a book of original entry?

  1. The register of non-current assets owned by the business
  2. The statement sent to a customer at the end of the month
  3. The ledger account in which a transaction is finally summarised
  4. The first accounting record a transaction enters, before it is posted to the ledger
Show answer & explanation
✓ Answer: D — The first accounting record a transaction enters, before it is posted to the ledger
Award 1 mark. Also called a day book, a subsidiary book or a book of prime entry — all four names mean the same thing.
Q3 · Difficulty 1/3

How is working capital calculated?

  1. Non-current assets plus current assets
  2. Capital plus non-current liabilities
  3. Current assets less current liabilities
  4. Total assets less total liabilities
Show answer & explanation
✓ Answer: C — Current assets less current liabilities
Award 1 mark. It is also called net current assets, and it shows whether short-term obligations can be met out of short-term resources.
Q4 · Difficulty 1/3

How are drawings treated?

  1. Deducted from capital in the statement of financial position
  2. Added to capital in the statement of financial position
  3. Deducted from revenue before gross profit
  4. Charged as an expense in the income statement
Show answer & explanation
✓ Answer: A — Deducted from capital in the statement of financial position
Award 1 mark. Drawings are a withdrawal of the stake held by the owner, not a cost of trading, so they never touch the income statement.
Q5 · Difficulty 1/3

Under the historical cost convention, a non-current asset is normally carried at:

  1. its original purchase cost less accumulated depreciation
  2. the total profit it is expected to generate
  3. the cost of replacing it with an identical new asset
  4. the amount it would fetch if sold today
Show answer & explanation
✓ Answer: A — its original purchase cost less accumulated depreciation
Award 1 mark. The attraction is objectivity — the cost is evidenced by an invoice, whereas a current market value is an opinion.
Q6 · 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.
Q7 · 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.
Q8 · Difficulty 1/3

What is the imprest amount in a petty cash system?

  1. The maximum a single petty cash payment may be
  2. The total of the vouchers held at the end of the period
  3. The fixed float the petty cashier starts each period with
  4. The amount reimbursed at the end of each period
Show answer & explanation
✓ Answer: C — The fixed float the petty cashier starts each period with
Award 1 mark. Cash in the tin plus vouchers held should always equal it — a check a manager can run without opening a ledger.
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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.