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Pearson Edexcel International · IGCSE · Accounting

Free Pearson Edexcel International IGCSE Accounting
Practice Paper

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

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What the real Pearson Edexcel International IGCSE Accounting paper looks like

Paper 1
Objective and short-answer questions covering the breadth of the specification.
Paper 2
Structured and extended-response questions testing depth of understanding.
Total exam time varies by board and tier — typically 2.5 to 3.5 hours.
Grading: See the official board specification for the current grading scale.

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

Something the business owns that has value is an:

  1. loss
  2. asset
  3. liability
  4. expense only
Show answer & explanation
✓ Answer: B — asset
Assets are resources the business owns.
Q2 · Difficulty 1/3

Goods held by a business for resale are its:

  1. inventory (stock)
  2. capital
  3. drawings
  4. revenue
Show answer & explanation
✓ Answer: A — inventory (stock)
Inventory is stock held for resale.
Q3 · Difficulty 1/3

The recording of a business's financial transactions is:

  1. accounting
  2. marketing
  3. production
  4. advertising
Show answer & explanation
✓ Answer: A — accounting
Accounting records financial transactions.
Q4 · Difficulty 2/3

Income earned from selling goods or services is:

  1. a liability
  2. an asset only
  3. revenue
  4. capital
Show answer & explanation
✓ Answer: C — revenue
Revenue is income from sales.
Q5 · Difficulty 2/3

The book where all accounts are kept is the:

  1. invoice
  2. receipt
  3. budget
  4. ledger
Show answer & explanation
✓ Answer: D — ledger
The ledger holds the accounts.
Q6 · Difficulty 2/3

Money or assets the owner puts into the business is:

  1. capital
  2. profit
  3. revenue
  4. a liability only
Show answer & explanation
✓ Answer: A — capital
Capital is the owner's investment.
Q7 · Difficulty 3/3

Gross profit as a percentage of sales is the gross profit:

  1. margin
  2. mark-up only
  3. ratio only
  4. turnover
Show answer & explanation
✓ Answer: A — margin
Gross margin = gross profit ÷ sales × 100.
Q8 · Difficulty 3/3

Each partner usually has a capital account and a ____ account.

  1. sales
  2. control
  3. current
  4. cash only
Show answer & explanation
✓ Answer: C — current
Partners have capital and current accounts.
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Pearson Edexcel International IGCSE Accounting FAQ

What does the Pearson Edexcel International IGCSE Accounting exam look like?
The Pearson Edexcel International IGCSE Accounting exam is structured across 2 components. Paper 1: Objective and short-answer questions covering the breadth of the specification. Paper 2: Structured and extended-response questions testing depth of understanding. Total exam time varies by board and tier — typically 2.5 to 3.5 hours.
Can I download a free Pearson Edexcel International IGCSE Accounting past paper?
Real Pearson Edexcel International past papers are published directly by Pearson Edexcel International 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 Pearson Edexcel International IGCSE Accounting graded?
See the official board specification for the current grading scale. 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.