Kramizo
Log inSign up free
Home › CXC CAPE Accounting › Accounting concepts and conventions
CXC CAPE · · Accounting

Accounting concepts and conventions
Practice Questions

40 CXC CAPE Accounting questions on Accounting concepts and conventions, each with instant feedback and a full examiner-style mark scheme.

⚡ Start Quiz on Accounting concepts and conventions →📖 Read Revision Notes
✨ Revision guide includes key terms, worked examples and exam technique for Accounting concepts and conventions.

Try 2 sample questions on Accounting concepts and conventions

Question 1 · 1 mark · Difficulty 1/3

What does the business entity concept require?

  1. That the owner may not lend money to the business
  2. That the affairs of the business are recorded separately from the private affairs of its owner
  3. That every business is registered as a separate legal company
  4. That each department keeps its own set of ledgers
Show answer & explanation
✓ Answer: B — That the affairs of the business are recorded separately from the private affairs of its owner
Award 1 mark. It is an accounting rule, not a legal one — a sole trader is not a separate legal person, yet the books still treat the business as separate, which is exactly why capital and drawings exist as accounts.
Question 2 · 1 mark · Difficulty 1/3

What does the going concern concept assume?

  1. That the business will continue in operation for the foreseeable future
  2. That the business will be sold within twelve months
  3. That the owner will not withdraw any capital
  4. That the business will make a profit every year
Show answer & explanation
✓ Answer: A — That the business will continue in operation for the foreseeable future
Award 1 mark. It is the assumption that lets you carry a delivery van at cost less depreciation rather than at whatever it would fetch at auction next week.
⚡ Start a Quiz on Accounting concepts and conventions →
20 questions · 25 min · free

CXC CAPE Accounting: Accounting concepts and conventions FAQ

Is Kramizo free for CXC CAPE 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 Accounting concepts and conventions practice with other Accounting topics or even switch to a totally different CXC CAPE 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 Accounting concepts and conventions questions aligned to the official CXC CAPE Accounting syllabus?
Every question is written against the published CXC CAPE Accounting specification, including the exact command words (state, describe, explain, calculate, evaluate, etc.), mark allocations, and difficulty tier you'd see on a real CXC CAPE 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 CXC CAPE.
How is Accounting concepts and conventions typically tested on CXC CAPE Accounting papers?
Accounting concepts and conventions appears across multiple question types on real CXC CAPE 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.

Lock in Accounting concepts and conventions before exam day.

Start practising in 30 seconds — no card required.

⚡ Start Quiz Free →