100+ Free SSLC Accounting Practice Questions

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2026 Statistics

Key Facts: SSLC Accounting Exam

3 hours + 10 min

Official 2025 paper duration including reading time

Official 2025 SSLC Accounting booklet (MEC)

20 / 30 / 30 / 20

Official 2025 strand marks

Official 2025 SSLC Accounting booklet (MEC)

9–19 Nov 2026

2026 national secondary examination window

MEC 2026 National Secondary Examinations Timetable announcement

100

Free practice questions in this bank

OpenExamPrep question bank

Samoa SSLC Accounting is a 3-hour-plus-10-minute national written paper marked out of 100. The 2026 national secondary window is 9–19 November. This free bank supplies 100 multiple-choice revision questions weighted to the official 2025 strands.

Sample SSLC Accounting Practice Questions

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

1Which accounting concept assumes that a Vaitele hardware shop will keep trading for the foreseeable future and will not be forced to close or sell off its assets?

A.Historical cost concept

B.Money measurement concept

C.Materiality concept

D.Going concern concept

Explanation: Going concern assumes the business will continue operating for the foreseeable future, so assets can be carried at cost less depreciation rather than forced-sale break-up values.

2Sina's catering business completed a SAT 1,800 wedding job in November but will not collect the cash until January. Under the accrual basis, when is the SAT 1,800 recorded as revenue?

A.In January when the cash is received

B.Split equally between November and January

C.In November when the work is earned

D.Only when the owner withdraws the money

Explanation: The accrual basis recognizes revenue when it is earned, not when cash is collected. The wedding job was completed in November, so SAT 1,800 is November revenue and a receivable until January.

3A Salelologa store bought a freezer for SAT 4,500 three years ago. Similar freezers now sell for SAT 6,200. Under the historical cost concept, at what amount is the freezer first recorded?

A.SAT 6,200, the current market price

B.SAT 5,350, the average of cost and market

C.SAT 0, because it is already three years old

D.SAT 4,500, the original purchase price

Explanation: Historical cost requires assets to be recorded at the original acquisition price of SAT 4,500. Later market increases are not used to rewrite the initial book value.

4The matching concept requires that the cost of taro sold from a Fugalei stall is reported:

A.In the same period as the sales revenue those taro helped generate

B.Only in the period when the grower is paid

C.As a deduction from owner's capital, never as an expense

D.In the following year so profit is not understated

Explanation: Matching (and the related accruals idea) puts expenses in the same period as the revenue they help earn. Cost of taro sold therefore sits in the same income statement as the related sales.

5Conservatism (prudence) is applied when a shop:

A.Records a hoped-for SAT 5,000 tourism boom as income before any bookings exist

B.Ignores a likely SAT 400 stock loss because the amount is uncertain

C.Recognizes a likely SAT 400 inventory write-down now, but does not record unrealized holding gains

D.Stops keeping any records of liabilities so the business looks stronger

Explanation: Prudence / conservatism avoids overstating assets and income. Likely losses (such as damaged stock) are recognized, while unrealized gains wait until they are realized.

6The disclosure concept requires a business to:

A.Hide all loan details from the bank so competitors cannot copy them

B.Record only cash transactions and ignore credit purchases

C.Value every asset at current replacement cost

D.Provide complete, transparent financial information that users need to understand the statements

Explanation: Disclosure requires financial reports to give users a clear, complete picture, including information needed to understand the figures (policies, commitments, and other material facts).

7The business entity concept means that SAT 200 taken from the shop till to pay the owner's home power bill should be recorded as:

A.Shop electricity expense

B.A reduction in sales

C.Drawings (owner's withdrawal)

D.A prepaid asset of the shop

Explanation: The shop and the owner are separate. Personal home power is not a business expense; cash leaving the till for private use is drawings.

8Which pair are both current assets of an Apia grocery?

A.Shop building and long-term bank loan

B.Inventory of canned goods and accounts receivable

C.Owner's capital and sales revenue

D.Accrued wages and accounts payable

Explanation: Current assets are cash or items expected to convert to cash within the operating cycle. Trading stock and amounts customers owe are both current assets.

9Which account is an expense in the Statement of Financial Performance of a taxi operator?

A.Accounts receivable

B.Motor vehicle (cost)

C.Fuel and oil

D.Bank loan principal

Explanation: Fuel and oil is a running cost consumed in earning fares, so it is an expense. It reduces profit for the period.

10Tasi Taro Traders reports assets of SAT 36,400 and liabilities of SAT 14,800. What is owner's equity?

A.SAT 21,600

B.SAT 51,200

C.SAT 14,800

D.SAT 21,400

Explanation: The accounting equation is Assets = Liabilities + Equity. Equity = SAT 36,400 − SAT 14,800 = SAT 21,600.

About the SSLC Accounting Exam

SSLC Accounting is the Year 12 national accounting paper for the Samoa Secondary Leaving Certificate. The official 2025 booklet is a 3-hour-and-10-minute English written paper scored out of 100 marks. This bank is an English-language multiple-choice study adaptation of the official strands and includes genuine SAT calculations. It is not a simulation of written journals, ledgers or financial-statement preparation.

Assessment

Single English-language question-and-answer booklet. Time allowed: 3 hours and 10 minutes, including 10 minutes reading time. Official 2025 strands: Accounting and Its Application in Everyday Life 20, Financial Accounting and Reporting Business Activity 30, The Accounting Process 30, Financial Studies 20.

Time Limit

3 hours plus 10 minutes reading time

Passing Score

Not published as a fixed percentage on official SSLC papers. Subject papers are marked out of 100.

Exam Fee

MEC publishes national SSLC examination fees (2025 and 2026 official notices). The SAT amount is not stated on the public examination-paper pages. (Ministry of Education and Culture (MEC), Government of Samoa)

SSLC Accounting Exam Content Outline

20 questions

Accounting and Its Application in Everyday Life

Purpose of accounting, users, ethics and everyday records.

30 questions

Financial Accounting and Reporting Business Activity

Income statements, statements of financial position and reporting.

30 questions

The Accounting Process

Source documents, journals, ledgers, trial balance and the cycle.

20 questions

Financial Studies

Ratios, interpretation and financial decision-making.

How to Pass the SSLC Accounting Exam

What You Need to Know

Passing score: Not published as a fixed percentage on official SSLC papers. Subject papers are marked out of 100.
Assessment: Single English-language question-and-answer booklet. Time allowed: 3 hours and 10 minutes, including 10 minutes reading time. Official 2025 strands: Accounting and Its Application in Everyday Life 20, Financial Accounting and Reporting Business Activity 30, The Accounting Process 30, Financial Studies 20.
Time limit: 3 hours plus 10 minutes reading time
Exam fee: MEC publishes national SSLC examination fees (2025 and 2026 official notices). The SAT amount is not stated on the public examination-paper pages.

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

SSLC Accounting Study Tips from Top Performers

1Use SAT for every money amount. Never leave a bare $ in the text.

2Write the debit and credit before choosing an option.

3Learn the accounting equation until it is automatic.

4These MCQs do not replace written journal, ledger and statement practice.

Frequently Asked Questions

What is SSLC Accounting?

It is the Year 12 national accounting paper for the Samoa Secondary Leaving Certificate, administered by the Ministry of Education and Culture.

Is this practice bank the same format as the real exam?

No. The official paper is a mixed written booklet. These 100 questions are an English-language multiple-choice study adaptation covering the same official strands.

In what language is the official paper set?

English. The official 2025 SSLC Accounting booklet is an English-language paper.

When are the 2026 SSLC examinations?

MEC announced the 2026 national secondary examinations for 9–19 November 2026.

100+ Free SSLC Accounting Practice Questions

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