100+ Free A-Level Accounting Practice Questions

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A trader's sales ledger control account shows £45,000 debit and the schedule of receivables totals £43,200. Which could explain the difference?

An accrual was forgotten

A credit note was omitted from a customer's account

Cash sales were not posted

Bank interest was missed

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Key Facts: A-Level Accounting Exam

A*-E

Grading scale

Ofqual

240 marks

Total marks across two 3-hour papers

AQA 7127 specification

2 boards

AQA and Pearson Edexcel offer A-Level Accounting

AQA, Pearson

100

Free practice questions here

OpenExamPrep

AQA 7127 and Pearson Edexcel 9AC0 A-Level Accounting is assessed through two linear 3-hour papers (240 marks total) at the end of Year 13. Paper 1 focuses on financial accounting; Paper 2 covers analysis, costing, budgeting and decision-making. Grading uses the A*-E scale on the 2026 specification.

Sample A-Level Accounting Practice Questions

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

1Using the DEAD CLIC mnemonic, which group of accounts is INCREASED by a debit entry?

A.Drawings, Expenses, Assets

B.Capital, Liabilities, Income

C.Income, Capital, Drawings

D.Liabilities, Assets, Capital

Explanation: DEAD CLIC: Debits increase Drawings, Expenses and Assets; Credits increase Capital, Liabilities and Income. Posting to the wrong side reverses the balance and unbalances the trial balance.

2A business buys inventory on credit from Smith Ltd for £800. Which entry records this in the books of prime entry?

A.Purchases day book

B.Sales day book

C.Cash book

D.Purchases returns day book

Explanation: Credit purchases of goods for resale are entered in the purchases day book, which is then posted as a total debit to Purchases and individual credits to each supplier's account in the purchase ledger.

3A three-column cash book records which three money columns?

A.Discount, cash, bank

B.Cash, bank, capital

C.Cash, sales, purchases

D.Bank, loan, discount

Explanation: A three-column cash book extends the basic cash book by adding a discount column on each side: discount allowed (debit side memorandum) and discount received (credit side memorandum), alongside the cash and bank columns.

4A petty cash imprest is restored monthly to £200. During May, vouchers totalling £147 were paid. How much is reimbursed at month-end?

A.£147

B.£200

C.£53

D.£347

Explanation: Under the imprest system, the reimbursement equals the total of vouchers spent, restoring the float to its agreed level (£200). Vouchers of £147 are reimbursed; the float returns to £200.

5Which error would NOT be revealed by extracting a trial balance?

A.Error of complete reversal

B.Single-sided posting

C.Posting £150 as £105

D.Omitting one side of a transaction

Explanation: Errors of complete reversal post equal debits and credits but to the wrong sides, so the trial balance still balances. Single-sided postings, transposition only on one side, and omissions of one side all break the balance.

6A transaction was omitted entirely from the books. What type of error is this?

A.Error of omission

B.Error of commission

C.Error of principle

D.Error of original entry

Explanation: An error of omission occurs when a transaction is left out of the records completely — neither the debit nor credit is recorded. Because both sides are missing, the trial balance still balances, but the accounts are understated.

7Repairs to a motor vehicle of £600 were debited to the Motor Vehicles asset account. This is an error of:

A.Principle

B.Commission

C.Omission

D.Original entry

Explanation: An error of principle posts the entry to the wrong type (or class) of account. Repairs are revenue expenditure but have been capitalised as a non-current asset, which is a different category altogether.

8A trial balance failed to agree. Debits exceeded credits by £90. The difference is posted to:

A.The credit side of the suspense account

B.The debit side of the suspense account

C.Capital account

D.Profit or loss

Explanation: A suspense account is opened with the difference so the trial balance balances. If debits exceed credits, the suspense account is credited with the difference; once errors are found, journal entries clear the suspense balance.

9Sales of £450 were correctly entered in the sales day book but posted to the sales ledger control account as £540. What is the trial balance effect?

A.Debits exceed credits by £90

B.Credits exceed debits by £90

C.Trial balance still balances

D.Debits exceed credits by £450

Explanation: Trade receivables (control account) is debited £540 but the Sales credit is only £450, so debits exceed credits by £90. A suspense account of £90 credit is opened until the £90 over-posting to the control account is corrected.

10Which document is the source for entries in the sales day book?

A.Sales invoices issued to customers

B.Credit notes received from suppliers

C.Bank statements

D.Goods received notes

Explanation: The sales day book lists credit sales made by the business, summarising the sales invoices issued to customers. Totals are then posted to the Sales account and individual amounts to customer accounts in the receivables ledger.

About the A-Level Accounting Exam

A-Level Accounting is offered by AQA (specification 7127) and Pearson Edexcel (specification 9AC0). The course covers financial accounting (double-entry bookkeeping, final accounts for sole traders, partnerships and limited companies, accounting concepts) and management accounting (ratio analysis, marginal and absorption costing, budgeting, variance analysis, capital investment appraisal). Assessment is two 3-hour written papers worth 120 marks each at the end of the two-year linear course.

Questions

100 scored questions

Time Limit

6 hours total (two 3-hour papers)

Passing Score

Grade E is the minimum pass, Grades A*-E count as a pass

Exam Fee

£75-£130 per subject (school-set entry fee) (AQA, Pearson Edexcel)

A-Level Accounting Exam Content Outline

~25%

Double-entry bookkeeping and books of prime entry

Debit/credit rules (DEAD CLIC), sales/purchases day books, returns books, three-column cash book, petty cash imprest, journal, trial balance, suspense accounts and correction of errors (omission, commission, principle, original entry, compensating, complete reversal)

~25%

Final accounts (sole trader, partnership, limited company, manufacturing)

Income statements and statements of financial position; partnership appropriation accounts, capital and current accounts, goodwill and Garner v Murray rule; share capital, debentures, dividends, bonus and rights issues; manufacturing accounts and prime cost

~20%

Adjustments and accounting concepts

Accruals and prepayments, depreciation (straight-line, reducing-balance, units of production), disposals and revaluation, bad and doubtful debts, inventory valuation (FIFO/AVCO, lower of cost and NRV), accounting concepts and capital vs revenue expenditure

~15%

Ratio analysis

Profitability (gross/operating margin, ROCE), liquidity (current and acid-test), efficiency (inventory turnover, receivables/payables days), gearing, investor ratios (EPS, P/E, dividend yield and cover), trend analysis and limitations

~15%

Management accounting

Marginal costing (contribution, break-even, margin of safety, P/V ratio), absorption vs marginal costing with over/under absorption, budgeting and flexible budgets, variance analysis, capital investment appraisal (payback, ARR, NPV, IRR) and standard costing

How to Pass the A-Level Accounting Exam

What You Need to Know

Passing score: Grade E is the minimum pass, Grades A*-E count as a pass
Exam length: 100 questions
Time limit: 6 hours total (two 3-hour papers)
Exam fee: £75-£130 per subject (school-set entry fee)

Keys to Passing

Complete 500+ practice questions
Score 80%+ consistently before scheduling
Focus on highest-weighted sections
Use our AI tutor for tough concepts

A-Level Accounting Study Tips from Top Performers

1Practice the layout of statements of financial position and income statements until you can draw them without thinking — examiners mark for correct presentation as well as figures

2Memorise the DEAD CLIC mnemonic for debits and credits (Drawings, Expenses, Assets, Dividends; Capital, Liabilities, Income, Credit balances)

3Learn every ratio formula in both directions — given two ratios you should be able to derive missing figures

4Time yourself on past papers — Paper 1 long questions can consume 45 minutes each, so pacing matters

5Read examiner reports — common errors (treating capital expenditure as revenue, missing the bank side of a journal) repeat every year

Frequently Asked Questions

What exam boards offer A-Level Accounting?

A-Level Accounting is offered by AQA (specification 7127) and Pearson Edexcel (specification 9AC0). OCR and WJEC do not currently offer A-Level Accounting. Both AQA and Edexcel follow Ofqual subject content but differ slightly in paper structure and optional emphasis.

How is A-Level Accounting assessed?

Both AQA 7127 and Edexcel 9AC0 use two 3-hour written papers worth 120 marks each (240 marks total). There is no coursework or non-examined assessment. Paper 1 focuses on financial accounting and Paper 2 on analysis, costing and decision-making.

Is a calculator allowed in A-Level Accounting exams?

Yes. A standard scientific calculator is allowed and essential for ratio calculations, depreciation, NPV and variance analysis. Programmable or graphical calculators with stored data are not permitted under JCQ rules.

Do I need GCSE Maths to take A-Level Accounting?

Most schools require at least GCSE Maths grade 5 or 6 because the course involves substantial numerical computation. GCSE Business or Accounting is helpful but not usually required.

How is A-Level Accounting graded?

A-Levels are graded A*-E. A* is the highest grade and E is the minimum pass. Grade boundaries are set by AQA and Pearson each summer based on examiner judgement and statistical evidence.

100+ Free A-Level Accounting Practice Questions

A-Level Accounting