TOPIC 1: BOOKS OF ENTRY & SOURCE DOCUMENTS

EXPECTED QUESTIONS:

- Within each Section A, 5 mark question in every paper, candidates are consistently presented with a task to fill in various documents, typically centered around completing invoices and credit note. This time there is a possible chance of having statement of account.

- Section B consistently features a 15 mark question related to either the petty cashbook or cashbook. Given the presence of a cashbook in the May 2023 paper and none in Nov 2023, it's highly likely that the upcoming paper will include a question on the petty cashbook.

- There is a possibility of a 5 mark question where candidates are required to identify source documents or books of entry.

- There is also a possibility of encountering a question in which candidates may be required to prepare daybooks such as the sales daybook, purchase daybook, return inward daybook, or return outward daybook. In addition to these daybooks, candidates might need to set up the corresponding ledger accounts, including the sales account, purchase account, return inward account, or return outward account. (May 2023 (R) Q:14)

TOPIC 2: IRRECOVERABLE DEBTS

EXPECTED QUESTIONS

In Section A, there may be a concise 5-mark question in which candidates are required to calculate or prepare a provision account.

TOPIC 3: DEPRECIATION

EXPECTED QUESTIONS:

Within Section B, there is a strong possibility of encountering a 15-mark question that necessitates the creation of a provision for depreciation and disposal account. Furthermore, this question may include an additional 5-mark component, assessing your evaluation of the application of accrual concepts in depreciation.

TOPIC 4: LEDGER ACCOUNT

EXPECTED QUESTION

There can be a question related to other payable and receivable. There is a possible chance of having a question where candidates will be asked to prepare income or expense account.

TOPIC 5: CAPITAL & REVENUE EXPENDITURE

EXPECTED QUESTION

Every year, a question worth 5-10 marks is allocated to this particular topic. Usually, students are required to identify between capital and revenue expenditures, while the rest of the questions revolve around theoretical concepts. 

TOPIC 6: CONTROL ACCOUNT

Expected Questions:

In section B, there is a significant likelihood of encountering a question related to this topic, where you might be required to prepare either a control account or an individual account . This question will account for 15 marks. Ensure that you have a strong grasp of both trade payable and trade receivable accounts.

TOPIC 7: TRIAL BALANCE & ERRORS

Expected Questions:

- Each year, particularly in section B, there is consistently a 15 mark question focused on this topic in the examination. Candidates are tasked with preparing a trial balance in response to this question.                

- Additionally, there might be another question requiring candidates to identify or rectify errors in financial records using journal entries.

- It is noteworthy that, until now, there has been no request for candidates to prepare a suspense account. However, considering the dynamic nature of exams, candidates should remain vigilant and prepared for potential changes in the examination format.

TOPIC 8: BANK RECONCILIATION

EXPECTED QUESTIONS

The likelihood of this chapter appearing in the exams is relatively low. It may be included in either Section A or Section B. Combining problem-solving and writing theories in your responses could result in a scoring range of 5 to 10 marks.

TOPIC 9: ACCOUNTING CONCEPTS

EXPECTED QUESTIONS

1. Importance of using accounting concepts and principle while preparing financial statements

2. Define accrual, prudence, consistency, materiality and business entity concepts

3. Explain the application of prudence concepts in calculation of provision for irrecoverable debts.

4. Explain the application of accrual concepts in recording depreciation

5. Explain how consistency is applied for choosing one method for depreciation

6. Application of materiality concepts in treatment of capital & revenue expenditure

7. Benefits of maintaining a full set of accounting records

TOPIC 10: COMPUTERISED ACCOUNTING (ICT)

EXPECTED QUESTIONS

1. Advantages & Disadvantages of introducing computerised accounting in a business

2. State two ways to protect the security of electronic data

TOPIC 11: TYPES OF BUSINESS & PROFESSIONAL ETHICS

EXPECTED QUESTIONS

1. Distinguish between private sector and public sector

2. State all the stakeholders and their interest

3. Advantages & Disadvantages of operating a business as a sole trader

4. Advantages & Disadvantages of operating a partnership business

5. State all the fundamental principle of professional ethics

In recent times, there have been significant fluctuations in O-level grade boundaries. Starting from May 2020, in response to the pandemic, grade boundaries were notably lowered, providing candidates with a substantial advantage in achieving high scores. This trend persisted until January 2023. However, come May 2023, there was a remarkable upward adjustment in the grade boundaries, making it more challenging to attain honors grades.

As of now, candidates are strongly advised to aim for a minimum of 105 marks to secure a Grade 7. Achieving a Grade 9 necessitates extreme precision and accuracy in your examination paper, with a minimum target of 130 marks. For a comprehensive overview of grade boundaries from previous years, please refer to the chart above.

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