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HomeCXC CAPE AccountingThe accounting cycle and double entry
CXC CAPE · · Accounting

The accounting cycle and double entry
Practice Questions

40 CXC CAPE Accounting questions on The accounting cycle and double entry, 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 accounting cycle and double entry.

Try 2 sample questions on The accounting cycle and double entry

Question 1 · 1 mark · Difficulty 1/3

What is the accounting equation?

  1. Assets = Liabilities + Capital
  2. Liabilities = Assets + Capital
  3. Assets = Capital − Liabilities
  4. Capital = Assets + Liabilities
Show answer & explanation
✓ Answer: AAssets = Liabilities + Capital
Award 1 mark. Everything the business controls must have been funded either by outsiders or by the owner. Rearranged it gives Capital = Assets − Liabilities.
Question 2 · 1 mark · Difficulty 1/3

Which entry records an increase in an asset?

  1. Neither; assets are not recorded by double entry
  2. Either, depending on the asset
  3. A debit
  4. A credit
Show answer & explanation
✓ Answer: CA debit
Award 1 mark. Assets and expenses increase on the debit side; liabilities, capital and income increase on the credit side.
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20 questions · 25 min · free

CXC CAPE Accounting: The accounting cycle and double entry 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 The accounting cycle and double entry 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 The accounting cycle and double entry 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 The accounting cycle and double entry typically tested on CXC CAPE Accounting papers?
The accounting cycle and double entry 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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