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100+ Free Pancyprian TS Accounting Practice Questions

Cyprus Pancyprian Access Examination Technical School Accounting (Practical Direction) (ΛΟΓΙΣΤΙΚΗ Τ.Σ. (Π.Κ.), code 518) practice questions are available now; exam metadata is being verified.

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2026 Statistics

Key Facts: Pancyprian TS Accounting Exam

518

Official subject code for ΛΟΓΙΣΤΙΚΗ Τ.Σ. (Π.Κ.) in the 2026 Pancyprian Access Examinations

Cyprus Examinations Service

2.5 hours

Official examination duration (08:00–10:30) from the 2026 timetable

Cyprus Examinations Service

EUR 25

2026 fee per access subject (not code 032)

Cyprus Examinations Service

0–20

Marking scale for each Pancyprian subject

Cyprus Examinations Service

8–26 June 2026

Examination period of the 2026 Pancyprian Access Examinations

Cyprus Examinations Service

100

Original practice questions in this study bank

OpenExamPrep

Free 100-question English-language MCQ study bank for Pancyprian Technical School Accounting Practical Direction (code 518). Official duration: 2.5 hours (08:00–10:30). Official fee: EUR 25.00 per access subject in 2026. Distinct from lyceum Accounting code 025. This bank is a study aid, not an official translation or format simulation.

Sample Pancyprian TS Accounting Practice Questions

Try these sample questions to test your Pancyprian TS Accounting exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1A Technical School workshop buys raw materials on credit from supplier Costa for €1,250. The correct double entry is:
A.Debit Purchases €1,250; Credit Costa €1,250
B.Debit Costa €1,250; Credit Purchases €1,250
C.Debit Purchases €1,250; Credit Bank €1,250
D.Debit Inventory €1,250; Credit Sales €1,250
Explanation: A credit purchase increases purchases (debit) and creates a liability to the supplier (credit Costa). Bank is not affected because no cash has left the business yet.
2Goods are sold on credit to customer Andreas for €980. The correct double entry is:
A.Debit Sales €980; Credit Andreas €980
B.Debit Andreas €980; Credit Sales €980
C.Debit Bank €980; Credit Sales €980
D.Debit Purchases €980; Credit Andreas €980
Explanation: A credit sale creates a receivable (debit Andreas) and records sales income (credit Sales). Cash/bank is unaffected until the customer pays.
3The owner of a sole-trader garage withdraws €600 from the business bank account for personal use. The correct double entry is:
A.Debit Drawings €600; Credit Bank €600
B.Debit Bank €600; Credit Drawings €600
C.Debit Wages €600; Credit Bank €600
D.Debit Capital €600; Credit Drawings €600
Explanation: Owner withdrawals are debited to Drawings and credited to Bank. Drawings are later deducted from capital in the statement of financial position.
4A business pays a credit supplier €450 by bank transfer. The correct double entry is:
A.Debit Bank €450; Credit Supplier €450
B.Debit Supplier €450; Credit Bank €450
C.Debit Purchases €450; Credit Bank €450
D.Debit Supplier €450; Credit Purchases €450
Explanation: Paying a supplier reduces the liability (debit Supplier) and reduces bank (credit Bank). Purchases were already recorded when the goods were bought.
5Customer Maria settles her €720 account by bank transfer. The correct double entry is:
A.Debit Maria €720; Credit Bank €720
B.Debit Bank €720; Credit Maria €720
C.Debit Bank €720; Credit Sales €720
D.Debit Sales €720; Credit Maria €720
Explanation: Receipt from a credit customer increases bank (debit Bank) and clears the receivable (credit Maria). Sales were already credited when the sale was made.
6Equipment costing €4,800 is purchased for cash. The correct double entry is:
A.Debit Purchases €4,800; Credit Cash €4,800
B.Debit Equipment €4,800; Credit Cash €4,800
C.Debit Cash €4,800; Credit Equipment €4,800
D.Debit Equipment €4,800; Credit Capital €4,800
Explanation: Buying a non-current asset for cash debits the asset account Equipment and credits Cash. Purchases are used for goods intended for resale, not for equipment.
7Goods previously sold on credit for €200 are returned by the customer. The correct double entry is:
A.Debit Sales Returns €200; Credit Customer €200
B.Debit Customer €200; Credit Sales Returns €200
C.Debit Purchases Returns €200; Credit Customer €200
D.Debit Sales €200; Credit Bank €200
Explanation: Sales returns reduce income (debit Sales Returns) and reduce the receivable (credit Customer). Purchases returns relate to goods sent back to suppliers, not customer returns.
8A business returns goods costing €175 to a credit supplier. The correct double entry is:
A.Debit Purchases Returns €175; Credit Supplier €175
B.Debit Supplier €175; Credit Purchases Returns €175
C.Debit Sales Returns €175; Credit Supplier €175
D.Debit Supplier €175; Credit Purchases €175
Explanation: Returning goods to a supplier reduces the liability (debit Supplier) and is recorded as Purchases Returns (credit). Keeping a separate returns account preserves the original purchases total for analysis.
9Rent of €900 is paid in cash for the month. The correct double entry is:
A.Debit Cash €900; Credit Rent Expense €900
B.Debit Rent Expense €900; Credit Cash €900
C.Debit Rent Expense €900; Credit Capital €900
D.Debit Drawings €900; Credit Cash €900
Explanation: Paying rent increases an expense (debit Rent Expense) and decreases cash (credit Cash). It is a business expense, not drawings or a capital reduction.
10Interest of €55 is received into the business bank account. The correct double entry is:
A.Debit Interest Income €55; Credit Bank €55
B.Debit Bank €55; Credit Interest Income €55
C.Debit Bank €55; Credit Capital €55
D.Debit Drawings €55; Credit Interest Income €55
Explanation: Bank interest received increases the bank asset (debit Bank) and records other income (credit Interest Income).

About the Pancyprian TS Accounting Practice Questions

Verified exam format metadata for Cyprus Pancyprian Access Examination Technical School Accounting (Practical Direction) (ΛΟΓΙΣΤΙΚΗ Τ.Σ. (Π.Κ.), code 518) is pending. The practice questions above remain available while official exam length, timing, passing score, fee, and administrator details are reviewed.