100+ Free Cameroon GCE O-Level Accounting Practice Questions
Prepare for the Cameroon General Certificate of Education Ordinary Level — Accounting / Principles of Accounts (0505) exam with instant access — no signup required.
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Key Facts: Cameroon GCE O-Level Accounting Exam
50 MCQs + 5 Theory
Paper 1 & Paper 2 Structure
CGCEB Accounting Syllabus (0505)
4h 00m Total
Combined Examination Duration
Cameroon GCE Board Official Timetable
50 marks / 100 marks
Paper 1 to Paper 2 Weighting
CGCEB Regulations & Assessment Scheme
Grades A–C
Qualifying Pass Standard for High School
MINESEC / CGCEB Grading Matrix
10,000 FCFA
Typical Registration Cost (Subject Allocation)
Cameroon GCE Board Fee Schedule
The Cameroon GCE Ordinary Level Accounting (0505) assesses double-entry bookkeeping, books of prime entry, financial statements, year-end adjustments, partnerships, and ratio analysis across Paper 1 (50 MCQs, 1h30m) and Paper 2 (Structured Accounts, 3h).
Sample Cameroon GCE O-Level Accounting Practice Questions
Try these sample questions to test your Cameroon GCE O-Level Accounting exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.
1What is the primary objective of financial accounting in a commercial business enterprise?
2A business owner in Douala pays his daughter's private secondary school tuition fees using cash withdrawn from the business cash till. Which accounting concept mandates that this transaction be recorded as drawings rather than an operating business expense?
3Which accounting concept justifies recording non-current assets at their net book value rather than their immediate net realizable liquidation value when preparing financial statements?
4A merchant in Bamenda purchased a commercial delivery van for 6,000,000 FCFA five years ago. Although its current second-hand market value is 2,800,000 FCFA, its original cost remains recorded in the non-current asset ledger. Which accounting principle governs this initial recording?
5According to the prudence (conservatism) concept, how should closing inventory be valued in the final accounts?
6A trading firm in Yaoundé pays 600,000 FCFA on 1 November 2025 for an annual property insurance policy extending to 31 October 2026. If the accounting year ends on 31 December 2025, which concept requires recognizing only two months of insurance as an expense for 2025?
7A school in Buea buys a metal pencil sharpener for 1,500 FCFA with an estimated useful life of 4 years. Rather than depreciating it over 4 years, the accountant writes it off as an administrative stationery expense immediately. Which concept justifies this treatment?
8Why is the exceptional skill, dedication, and leadership experience of a general manager excluded from the Statement of Financial Position of a company?
9On 31 December 2025, a sole trader's total assets amounted to 18,500,000 FCFA and total liabilities owed to third parties stood at 6,200,000 FCFA. What is the owner's capital balance on this date?
10What is the net effect on the fundamental accounting equation when a business purchases 1,200,000 FCFA of merchandise inventory on credit from a supplier?
About the Cameroon GCE O-Level Accounting Exam
The Cameroon GCE Ordinary Level Accounting (Subject Code 0505, also known as Principles of Accounts) is the standard secondary school certificate examination in bookkeeping and introductory accounting administered by the Cameroon General Certificate of Education Board (CGCEB). Designed for Form 5 commercial and secondary school students, the curriculum develops essential skills in recording commercial transactions, applying the double-entry bookkeeping system, executing year-end financial adjustments, preparing sole trader and partnership financial statements, maintaining non-profit organization accounts, reconstructing incomplete records, and computing foundational financial ratios. This interactive 100-question practice module provides extensive numerical exercises, ledger balancing problems, error correction challenges, and ratio analyses tailored to equip candidates for Grade A success in Paper 1. Format note: this site's practice bank is 100 four-option multiple-choice questions covering the whole official syllabus. Paper 1 of the real examination is genuinely multiple choice (50 compulsory questions), so the format matches that paper, but the bank is a study aid only — it does not simulate the written theory/essay paper(s) or any practical examination, and its length does not describe the official exam.
Assessment
Official Ordinary Level structure for subject code 0505 (Accounting) per the Cameroon GCE Board June 2026 timetable (Form G6): Paper 1: 50 compulsory multiple-choice questions (1 hour 30 minutes); Paper 2: written theory/structured questions (3 hours). Total written time is 4 hours 30 minutes. The Board does not publish per-paper mark weightings for individual subjects.
Time Limit
Paper 1: 1 hour 30 minutes; total written time 4 hours 30 minutes.
Passing Score
Grade C or better (Cameroon GCE Ordinary Level grades A, B and C are passes; D and E are fails and U is ungraded)
Exam Fee
10,000 FCFA (Cameroon General Certificate of Education Board (CGCEB), Buea)
Cameroon GCE O-Level Accounting Exam Content Outline
Accounting Foundations & Books of Original Entry
Purposes and users of accounting information, accounting principles (business entity, money measurement, historic cost, going concern, dual aspect, materiality, prudence, accruals, realization, consistency), fundamental accounting equation ($Assets = Capital + Liabilities$), business source documents (sales and purchases invoices, debit notes, credit notes, receipts, payment vouchers, bank pay-in slips), books of prime entry (sales journal, purchases journal, sales returns journal, purchases returns journal, general journal), two-column and three-column cash books, petty cash book using the imprest system, and bank reconciliation statements.
The Ledger & Trial Balance
Rules of double entry, classification of accounts into personal, real, and nominal accounts, division of the ledger into sales, purchases, and general/nominal ledgers, balancing ledger accounts (balance c/d and balance b/d), purpose and limitations of the Trial Balance, errors that do not affect trial balance agreement (errors of omission, commission, principle, original entry, compensating errors, complete reversal of entries), errors that affect the trial balance, creation and operation of the Suspense Account, journal entries to correct errors, and Sales/Purchases Ledger Control Accounts.
Year-End Adjustments & Financial Statements
Accounting for bad debts and bad debts recovered, calculating and adjusting the provision for doubtful debts, methods of depreciation (straight-line, reducing balance, revaluation) and accounting for asset disposals, accruals and prepayments of expenses and revenues, preparation of the Trading, Profit and Loss Account / Income Statement (cost of goods sold, gross profit, operating expenses, net profit), and preparation of the Statement of Financial Position (non-current assets, current assets, owner's equity, non-current liabilities, current liabilities, and working capital).
Specialised Accounts
Partnership accounts (partnership agreements and Partnership Act provisions, profit and loss appropriation accounts, interest on capital, interest on drawings, partners' salaries, profit-sharing ratios, fixed vs fluctuating capital accounts, partners' current accounts), accounts of non-profit making organizations and clubs (Receipts and Payments Account, Subscriptions Account, Bar Trading Account, Income and Expenditure Account, Accumulated Fund), and Single Entry / Incomplete Records (Statement of Affairs and calculating profit from capital differences).
Interpretation of Financial Statements
Calculation and interpretation of profitability ratios (gross profit margin, net profit margin, mark-up percentage, return on capital employed / ROCE), liquidity ratios (current ratio, acid test / quick ratio), efficiency and activity ratios (rate of inventory turnover, inventory holding period in days, trade receivables collection period, trade payables payment period), and the practical limitations of accounting ratios.
How to Pass the Cameroon GCE O-Level Accounting Exam
What You Need to Know
- Passing score: Grade C or better (Cameroon GCE Ordinary Level grades A, B and C are passes; D and E are fails and U is ungraded)
- Assessment: Official Ordinary Level structure for subject code 0505 (Accounting) per the Cameroon GCE Board June 2026 timetable (Form G6): Paper 1: 50 compulsory multiple-choice questions (1 hour 30 minutes); Paper 2: written theory/structured questions (3 hours). Total written time is 4 hours 30 minutes. The Board does not publish per-paper mark weightings for individual subjects.
- Time limit: Paper 1: 1 hour 30 minutes; total written time 4 hours 30 minutes.
- Exam fee: 10,000 FCFA
Keys to Passing
- Work through all 100 available questions
- Review every answer and explanation
- Track weak areas and revisit them
- Use our AI tutor for tough concepts
Frequently Asked Questions
What is the examination structure of Cameroon GCE O-Level Accounting (0505)?
The examination consists of two papers: Paper 1 is an objective multiple-choice paper comprising 50 questions lasting 1 hour 30 minutes, carrying 50 marks. Paper 2 is a written practical and problem-solving paper lasting 3 hours, carrying 100 marks, where candidates prepare ledger accounts, journal entries, trial balances, and complete financial statements.
What is the passing grade for GCE O-Level Accounting in Cameroon?
The CGCEB awards grades on a scale of A, B, C, D, E, and U. Grades A, B, and C are considered qualifying passes. To specialize in Commercial subjects (Accounting, Management, Commerce) in Form 6 (Lower Sixth), students typically require at least a Grade C in Ordinary Level Accounting.
What types of calculations are tested in Paper 1 MCQs?
Paper 1 frequently tests numerical calculations including: calculating missing figures in the accounting equation, petty cash reimbursement amounts, depreciation under straight-line and reducing balance methods, bad debt provision adjustments, cost of goods sold and gross profit, net profit adjustments for accruals/prepayments, partnership profit appropriation shares, club subscription income, incomplete records profit derivation, and financial ratios (current ratio, acid test, gross profit margin, markup, and inventory turnover).
What is the difference between an error of principle and an error of commission?
An error of commission occurs when a transaction is entered in the wrong account of the correct class (e.g., debiting customer John Doe instead of customer James Doe in the sales ledger). An error of principle occurs when an item is entered in the wrong class of account, violating accounting principles (e.g., debiting the Motor Vehicles Repairs expense account when purchasing a new delivery van, which is a capital expenditure).
Can private external candidates register for the Cameroon GCE O-Level Accounting exam?
Yes. Private candidates who are not enrolled in secondary schools can register for the examination at any accredited Cameroon GCE Board Accommodation Centre across the national territory during the standard registration window between November and February.
Are calculators allowed during the GCE O-Level Accounting examination?
Yes. Candidates are permitted to use silent, non-programmable electronic calculators during both Paper 1 (MCQ) and Paper 2 (practical accounts preparation).