Q1 · Difficulty 1/3
The recording of a business's financial transactions is:
- accounting
- marketing
- production
- advertising
Show answer & explanation
✓ Answer: A — accounting
Accounting records financial transactions.
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.
Take a Mini Mock →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.
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.
Q2 · Difficulty 1/3
Goods held by a business for resale are its:
- inventory (stock)
- capital
- drawings
- revenue
Show answer & explanation
✓ Answer: A — inventory (stock)
Inventory is stock held for resale.
Q3 · Difficulty 1/3
Something the business owns that has value is an:
- loss
- asset
- liability
- expense only
Show answer & explanation
✓ Answer: B — asset
Assets are resources the business owns.
Q4 · Difficulty 2/3
In double entry, the total debits must equal the total:
- expenses
- capital
- credits
- assets
Show answer & explanation
✓ Answer: C — credits
Debits must equal credits.
Q5 · Difficulty 2/3
Lena and Maria are partners using the fixed capital method. On 1 January 2024, Lena's current account had a credit balance of $2,400. During the year, Lena's share of profit was $18,000, her drawings were $15,000, and interest on capital was $3,000. What is the balance on Lena's current account at 31 December 2024?
- $3,400 credit
- $5,400 credit
- $8,400 credit
- $8,400 debit
Show answer & explanation
✓ Answer: C — $8,400 credit
Award 1 mark for correct calculation. Opening balance $2,400 Cr + Share of profit $18,000 + Interest on capital $3,000 − Drawings $15,000 = $8,400 Cr. A is incorrect — omits interest on capital. B is incorrect — calculation error. D is incorrect — treats credits as debits.
Q6 · Difficulty 2/3
The statement showing profit or loss over a period is the ____ account.
- income statement (profit and loss)
- balance sheet only
- trial balance
- cash book
Show answer & explanation
✓ Answer: A — income statement (profit and loss)
The income statement shows profit or loss.
Q7 · Difficulty 3/3
Each partner usually has a capital account and a ____ account.
- sales
- control
- current
- cash only
Show answer & explanation
✓ Answer: C — current
Partners have capital and current accounts.
Q8 · Difficulty 3/3
If there is no agreement, profits are shared:
- randomly
- equally
- by age
- by height
Show answer & explanation
✓ Answer: B — equally
Without agreement, profits are shared equally.
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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.