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HomeCIE IGCSE AccountingThe Purpose of Accounting and Source Documents
CIE · IGCSE · Accounting

The Purpose of Accounting and Source Documents
Practice Questions

20 CIE IGCSE Accounting questions on The Purpose of Accounting and Source Documents, each with instant feedback and a full examiner-style mark scheme.

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✨ Revision guide includes key terms, worked examples and exam technique for The Purpose of Accounting and Source Documents.

Try 2 sample questions on The Purpose of Accounting and Source Documents

Question 1 · 1 mark · Difficulty 1/3

What is the main purpose of accounting?

  1. To calculate the amount of tax owed to the government
  2. To record, analyse and communicate financial information
  3. To prepare advertisements for a business
  4. To manage the employees of a business
Show answer & explanation
✓ Answer: BTo record, analyse and communicate financial information
Award 1 mark for identifying that accounting records, analyses and communicates financial information to stakeholders. A is incorrect — tax calculation is only one use of accounting information, not the main purpose. C is incorrect — advertising is a marketing function. D is incorrect — employee management is a human resources function.
Question 2 · 1 mark · Difficulty 1/3

Kwame runs a trading business in Accra. He received an invoice from his supplier showing goods purchased on credit for $2,500. Which source document should Kwame use to record this transaction in his books?

  1. Credit note
  2. Receipt
  3. Purchase invoice
  4. Cheque counterfoil
Show answer & explanation
✓ Answer: CPurchase invoice
Award 1 mark for purchase invoice as the source document for credit purchases. A is incorrect — a credit note is issued when goods are returned. B is incorrect — a receipt is evidence of cash payment. D is incorrect — a cheque counterfoil records cheque payments made.
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CIE IGCSE Accounting: The Purpose of Accounting and Source Documents FAQ

How many CIE IGCSE Accounting questions on The Purpose of Accounting and Source Documents are there on Kramizo?
Kramizo currently has 20 exam-board-aligned practice questions on The Purpose of Accounting and Source Documents for CIE IGCSE Accounting, with new questions added every week. Each question gives you instant feedback and a full examiner-style mark scheme that tells you exactly what would earn marks on a real CIE paper. The questions span the full difficulty range — from straightforward recall (level 1) right up to multi-step reasoning and evaluation (level 3) — so the bank works for first-pass revision and final exam-week stress testing alike.
Is Kramizo free for CIE IGCSE students preparing for Accounting?
Yes — completely free. Every student gets 45 questions a day on the free plan, with no card required and no trial countdown. That free quota works across every subject and every topic in our bank, so you can mix The Purpose of Accounting and Source Documents practice with other Accounting topics or even switch to a totally different CIE subject without paying anything. Kramizo's optional Pro plan removes the daily cap and adds detailed progress analytics, but the free tier is the real product — used by thousands of GCSE, IGCSE and CSEC students.
Are the The Purpose of Accounting and Source Documents questions aligned to the official CIE IGCSE Accounting syllabus?
Every question is written against the published CIE IGCSE Accounting specification, including the exact command words (state, describe, explain, calculate, evaluate, etc.), mark allocations, and difficulty tier you'd see on a real CIE paper. Explanations are written in the style of official examiner mark schemes — they tell you what is being awarded marks and why distractors are wrong, not just whether you got it right. The bank is continually refined to match the latest syllabus updates from CIE.
How is The Purpose of Accounting and Source Documents typically tested on CIE IGCSE Accounting papers?
The Purpose of Accounting and Source Documents appears across multiple question types on real CIE IGCSE Accounting papers — most commonly as multiple-choice questions in the objective section, structured short-answer questions in the main paper, and occasionally as part of an extended response. Kramizo's practice bank reflects that mix: 4-option MCQs, true/false statements, fill-in-the-blank key terms, multi-select questions, and ordering questions. Working through the bank gives you exposure to every question style examiners actually use.

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