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CXC CAPE · · Accounting

Adjustments: accruals, prepayments, depreciation
Practice Questions

40 CXC CAPE Accounting questions on Adjustments: accruals, prepayments, depreciation, 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 Adjustments: accruals, prepayments, depreciation.

Try 2 sample questions on Adjustments: accruals, prepayments, depreciation

Question 1 · 1 mark · Difficulty 1/3

What is an accrued expense?

  1. An expense that has been paid twice in error
  2. An expense consumed in the period but not yet paid
  3. An expense that will never be paid
  4. An expense paid in the period that relates to a future period
Show answer & explanation
✓ Answer: B — An expense consumed in the period but not yet paid
Award 1 mark. It is added to the expense in the income statement and shown as a current liability.
Question 2 · 1 mark · Difficulty 1/3

How is a prepaid expense shown in the statement of financial position?

  1. As a non-current asset
  2. As a current asset
  3. As a current liability
  4. As a deduction from capital
Show answer & explanation
✓ Answer: B — As a current asset
Award 1 mark. The business has paid for a benefit it has not yet received, so it is owed something — and it is deducted from the expense in the income statement.
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20 questions · 25 min · free

CXC CAPE Accounting: Adjustments: accruals, prepayments, depreciation 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 Adjustments: accruals, prepayments, depreciation 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 Adjustments: accruals, prepayments, depreciation 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 Adjustments: accruals, prepayments, depreciation typically tested on CXC CAPE Accounting papers?
Adjustments: accruals, prepayments, depreciation 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.

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