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Company Accounts
Practice Questions

44 CXC CSEC Principles of Accounts questions on Company Accounts, 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 Company Accounts.

Try 2 sample questions on Company Accounts

Question 1 · 1 mark · Difficulty 1/3

The owners of a limited company are the:

  1. Shareholders
  2. Directors only
  3. Creditors
  4. Debenture holders
Show answer & explanation
✓ Answer: A — Shareholders
Shareholders own the company; directors manage it.
Question 2 · 1 mark · Difficulty 1/3

A key feature of a limited company is that shareholders have:

  1. No liability rules
  2. Personal liability for all debts
  3. Unlimited liability
  4. Limited liability
Show answer & explanation
✓ Answer: D — Limited liability
Liability is limited to the amount unpaid on their shares.
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20 questions · 25 min · free

CXC CSEC Principles of Accounts: Company Accounts FAQ

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