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CXC · CSEC · Principles of Accounts

Free CXC CSEC Principles of Accounts
Practice Paper

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

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What the real CXC CSEC Principles of Accounts paper looks like

Paper 1 (Section A)
60 multiple-choice questions, 1 mark each. 75 minutes. Tests knowledge across the whole syllabus.
Paper 2
Structured short-answer + 1 extended response question. Section A is compulsory; Section B has a choice. Approximately 2 hours 10 minutes.
School-Based Assessment (SBA)
Coursework component graded by the teacher, externally moderated. Worth ~20-30% of the final grade depending on subject.
Total exam time: ~3.5 hours across Paper 1 and Paper 2 sittings.
Grading: Grades: I (highest) to VI (lowest). A grade of III or above is typically required for further study.

Mini practice paper: 8 questions

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

Q1 · Difficulty 1/3

A non-profit organisation prepares which statement instead of a trading and profit and loss account?

  1. Trial balance only
  2. Income and expenditure account
  3. Sales ledger
  4. Cash book only
Show answer & explanation
✓ Answer: B — Income and expenditure account
Non-profit bodies prepare an income and expenditure account to find surplus or deficit.
Q2 · Difficulty 1/3

A trial balance is used to check that total debits equal total:

  1. credits
  2. sales
  3. assets
  4. expenses
Show answer & explanation
✓ Answer: A — credits
A trial balance checks that debits equal credits.
Q3 · Difficulty 1/3

A control account is a summary account that checks the accuracy of a set of:

  1. receipts only
  2. agendas
  3. individual ledger accounts
  4. invoices only
Show answer & explanation
✓ Answer: C — individual ledger accounts
A control account summarises and checks a group of ledger accounts.
Q4 · Difficulty 1/3

Which is an example of revenue income for a sports club?

  1. Purchase of nets
  2. Sale of clubhouse
  3. Annual subscriptions
  4. Loan received
Show answer & explanation
✓ Answer: C — Annual subscriptions
Subscriptions are regular revenue income.
Q5 · Difficulty 1/3

Guyana Sugar Corporation prepares manufacturing accounts for its sugar processing operations. Which of the following correctly describes 'prime cost'?

  1. Direct materials plus direct labour only
  2. Direct materials plus factory overheads only
  3. Total factory cost minus work-in-progress
  4. Direct materials plus direct labour plus factory overheads
Show answer & explanation
✓ Answer: A — Direct materials plus direct labour only
Award 1 mark for correct definition. D is incorrect — this describes total factory cost before WIP adjustments. B is incorrect — factory overheads are not part of prime cost. C is incorrect — this describes cost of production.
Q6 · Difficulty 1/3

Which document contains the objects clause of a limited company?

  1. Articles of Association
  2. Memorandum of Association
  3. Certificate of Incorporation
  4. Prospectus
Show answer & explanation
✓ Answer: B — Memorandum of Association
Memorandum of Association. Award 1 mark for correct identification. The objects clause, which states the purposes for which the company was formed, is contained in the Memorandum of Association. A is incorrect — Articles deal with internal management. C is incorrect — this is proof of registration. D is incorrect — this invites the public to subscribe for shares.
Q7 · Difficulty 1/3

Where is a partner's salary recorded?

  1. As an expense in the profit and loss account
  2. In the appropriation account, as a distribution of profit
  3. As a reduction of the partner's capital account only
  4. In the trading account alongside wages
Show answer & explanation
✓ Answer: B — In the appropriation account, as a distribution of profit
Award 1 mark. A partner is an owner rather than an employee, so the salary is an allocation of profit and not a business expense.
Q8 · Difficulty 1/3

A key feature of a limited company is that shareholders have:

  1. No liability rules
  2. Personal liability for all debts
  3. Unlimited liability
  4. Limited liability
Show answer & explanation
✓ Answer: D — Limited liability
Liability is limited to the amount unpaid on their shares.
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CXC CSEC Principles of Accounts FAQ

What does the CXC CSEC Principles of Accounts exam look like?
The CXC CSEC Principles of Accounts exam is structured across 3 components. Paper 1 (Section A): 60 multiple-choice questions, 1 mark each. 75 minutes. Tests knowledge across the whole syllabus. Paper 2: Structured short-answer + 1 extended response question. Section A is compulsory; Section B has a choice. Approximately 2 hours 10 minutes. School-Based Assessment (SBA): Coursework component graded by the teacher, externally moderated. Worth ~20-30% of the final grade depending on subject. Total exam time: ~3.5 hours across Paper 1 and Paper 2 sittings.
Can I download a free CXC CSEC Principles of Accounts past paper?
Real CXC past papers are published directly by CXC 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 CSEC Principles of Accounts graded?
Grades: I (highest) to VI (lowest). A grade of III or above is typically required for further study. 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.