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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

An excess of expenditure over income is a:

  1. Profit
  2. Reserve
  3. Surplus
  4. Deficit
Show answer & explanation
✓ Answer: D — Deficit
When expenditure exceeds income the result is a deficit.
Q2 · Difficulty 1/3

Which of the following is the book of original entry used to record credit purchases of goods for resale?

  1. Sales Journal
  2. Purchases Journal
  3. General Journal
  4. Cash Book
Show answer & explanation
✓ Answer: B — Purchases Journal
Award 1 mark for identifying the Purchases Journal (also called Purchases Day Book) as the book of original entry for credit purchases of goods for resale. A is incorrect — the Sales Journal records credit sales, not purchases. C is incorrect — the General Journal records non-routine transactions such as corrections and adjustments. D is incorrect — the Cash Book records cash and bank transactions, not credit transactions.
Q3 · 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.
Q4 · Difficulty 1/3

Which of the following is a feature of a limited liability company?

  1. Profits are shared equally among all shareholders
  2. The company cannot own property in its own name
  3. Owners have unlimited liability for company debts
  4. The company has a separate legal identity from its owners
Show answer & explanation
✓ Answer: D — The company has a separate legal identity from its owners
The company has a separate legal identity from its owners. Award 1 mark for recognising that a limited company is a separate legal entity. C is incorrect — shareholders have limited liability, not unlimited. A is incorrect — profits are distributed according to shareholding, not equally. B is incorrect — a company can own property in its own name as a legal person.
Q5 · Difficulty 1/3

An entry made to fix a mistake uses the:

  1. invoice book only
  2. general journal
  3. agenda
  4. menu
Show answer & explanation
✓ Answer: B — general journal
Corrections are recorded via the general journal.
Q6 · Difficulty 1/3

What is the main purpose of preparing a Sales Ledger Control Account?

  1. To verify the arithmetic accuracy of the sales ledger
  2. To calculate the gross profit for the period
  3. To determine the amount of credit purchases
  4. To record individual customer transactions
Show answer & explanation
✓ Answer: A — To verify the arithmetic accuracy of the sales ledger
Award 1 mark for identifying that the Sales Ledger Control Account verifies the arithmetic accuracy of the sales ledger. D is incorrect — individual transactions are recorded in the subsidiary ledger, not the control account. B is incorrect — gross profit is calculated in the Trading Account. C is incorrect — credit purchases relate to the Purchases Ledger Control Account.
Q7 · 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.
Q8 · Difficulty 1/3

The document setting out partners' rights and profit shares is the:

  1. Prospectus
  2. Articles of incorporation
  3. Memorandum of association
  4. Partnership agreement (deed)
Show answer & explanation
✓ Answer: D — Partnership agreement (deed)
The partnership agreement/deed governs the partners' arrangements.
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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.