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100+ Free ECZ PoA 7110 Practice Questions

Prepare for the Zambia School Certificate / GCE — Principles of Accounts (7110) exam with instant access — no signup required.

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2026 Statistics

Key Facts: ECZ PoA 7110 Exam

7110

ECZ School Certificate / GCE subject code for Principles of Accounts

2026 ECZ School Certificate Examination Time Table

1 hour + 2 hours

Official durations of Paper 7110/1 and Paper 7110/2

2026 ECZ School Certificate Examination Time Table

Paper 2 only

Calculators are permitted on Principles of Accounts Paper 2

2026 ECZ School Certificate Examination Time Table

K600 / K200

2026 private School Certificate fee per candidate / GCE fee per subject

Examinations Council of Zambia fees schedule

1–9

ECZ subject grade scale (1 Distinction through 9 Fail)

Examinations Council of Zambia

Forms 1–4

Ministry of Education ordinary-level Principles of Accounts syllabus span

Commerce and Principles of Accounts syllabi, Curriculum Development Centre, 2024

ZICA

Accountancy regulatory body named in the ethics topic of the syllabus

Ministry of Education Principles of Accounts syllabus (Forms 1–4)

100 practice questions

English-language MCQ study items on this page; not the official paper length

OpenExamPrep practice bank

ECZ Principles of Accounts 7110 is Zambia's ordinary-level accounts exam: Paper 1 (1 hour) and Paper 2 (2 hours, calculators allowed), graded 1–9. This page is a free English MCQ study adaptation of the Forms 1–4 syllabus with worked ZMW calculations — not an official-format simulation.

Sample ECZ PoA 7110 Practice Questions

Try these sample questions to test your ECZ PoA 7110 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 main purpose of Principles of Accounts for a Lusaka sole trader?
A.To provide financial information that users can use to make decisions
B.To advertise goods to customers
C.To set the selling price of every item in the shop
D.To replace the need for source documents
Explanation: Accounting identifies, records and communicates financial information so owners, managers and outsiders can make decisions. Book-keeping is the recording stage; Principles of Accounts also classify, summarise and report that information.
2Which group is an external user of a Kitwe retailer's accounting information?
A.The owner when reviewing weekly cash takings
B.The shop supervisor preparing a staff rota
C.A commercial bank deciding whether to grant an overdraft
D.The book-keeper posting the cash book
Explanation: External users stand outside the business and rely on reported information. A bank assessing an overdraft is a typical external user, along with suppliers, the Zambia Revenue Authority and external auditors.
3The business entity concept requires that a Ndola grocer:
A.Treats the business as separate from the owner and records only business transactions in its books
B.Records the owner's private school fees as a business expense
C.Values inventory at selling price so the owner can see wealth
D.Ignores amounts the owner withdraws for personal use
Explanation: The business entity (separate entity) concept treats the business as distinct from its owner. Only business transactions are recorded in the business books; the owner's private spending is drawings, not an expense.
4The going concern concept assumes that a Chipata hardware shop will:
A.Continue operating for the foreseeable future, so assets are not valued on a break-up basis
B.Be sold next month and should therefore value all assets at forced-sale prices
C.Always make a profit
D.Never buy non-current assets on credit
Explanation: Going concern assumes the business will continue in operation for the foreseeable future. Assets are therefore recorded at cost (less depreciation) rather than break-up values, unless there is evidence that the business will close.
5Applying the prudence concept, a Livingstone outfitter should:
A.Anticipate a possible future profit on unsold dresses and include it in this year's profit
B.Ignore a known bad debt until cash is received from another customer
C.Not overstate assets or profit, and recognise known losses such as irrecoverable debts
D.Record inventory at selling price because that figure is larger than cost
Explanation: Prudence means not overstating assets or profits and not understating liabilities or losses. Known losses such as irrecoverable debts are recognised at once; unrealised profits are not.
6The duality concept is the reason every transaction:
A.Has both a debit entry and a credit entry of equal amount
B.Is recorded in the cash book only
C.Must be paid in cash on the same day
D.Increases capital and increases profit
Explanation: Duality (double entry) states that every transaction has two equal and opposite effects. That is why each entry has a debit and a matching credit, and why the accounting equation stays in balance.
7Which statement of the accounting equation is correct?
A.Assets = Capital − Liabilities
B.Assets + Capital = Liabilities
C.Assets = Capital + Liabilities
D.Capital = Assets + Liabilities
Explanation: The accounting equation is Assets = Capital + Liabilities. Capital is the owner's residual interest, so Capital = Assets − Liabilities.
8Mulenga Hardware has assets of ZMW 85,000 and liabilities of ZMW 32,000. What is the owner's capital?
A.ZMW 117,000
B.ZMW 85,000
C.ZMW 32,000
D.ZMW 53,000
Explanation: Capital = Assets − Liabilities = ZMW 85,000 − ZMW 32,000 = ZMW 53,000. The equation can be rearranged from Assets = Capital + Liabilities.
9A cashier at a Mongu store records a lower cash sale so that the difference can be taken personally. Which ethical principle is mainly breached?
A.Integrity
B.Going concern
C.Materiality
D.Consistency
Explanation: Integrity requires honesty and straightforward dealing. Understating a cash sale to steal the difference is dishonest and also fails accountability. Going concern, materiality and consistency are accounting concepts, not ethics principles.
10In the Zambian Principles of Accounts syllabus, ZICA is the body that:
A.Regulates the accountancy profession in Zambia
B.Sets the School Certificate examination papers for subject 7110
C.Collects pay-as-you-earn tax from every sole trader
D.Issues trading licences to market stallholders
Explanation: The Zambia Institute of Chartered Accountants (ZICA) is the statutory regulator of the accountancy profession. ECZ, not ZICA, sets the 7110 examination. Tax collection is a Zambia Revenue Authority function.

About the ECZ PoA 7110 Exam

Zambia School Certificate / GCE Principles of Accounts (7110) is the Examinations Council of Zambia ordinary-level accounts subject. The 2024 Ministry of Education Forms 1–4 syllabus covers accounting concepts and ethics (including the role of ZICA), the accounting equation, double-entry and ledgers, books of prime entry, the trial balance, capital and revenue items, sole-trader financial statements, accounting ratios, year-end adjustments, bank reconciliation, errors and suspense, control accounts, depreciation, non-profit accounts, partnerships, incomplete records, manufacturing accounts, and manual versus electronic data-processing systems. Official assessment is two written papers: 7110/1 (1 hour) and 7110/2 (2 hours, calculators permitted). The 2026 School Certificate diet runs from 30 October to 17 November 2026. These 100 questions are a free English-language multiple-choice study adaptation with ZMW workings — not an official ECZ paper or a full Paper 2 format simulation.

Assessment

Two written papers: 7110/1 Principles of Accounts 1 (1 hour) and 7110/2 Principles of Accounts 2 (2 hours). Calculators are permitted on Paper 2. This bank is an MCQ study adaptation only.

Time Limit

Paper 7110/1: 1 hour; Paper 7110/2: 2 hours (2026 School Certificate timetable). Calculators permitted on Paper 2.

Passing Score

Graded on the ECZ School Certificate / GCE 1–9 subject scale (1 is the highest): Grades 1–2 Distinction; Grades 3–4 Merit; Grades 5–6 Credit; Grades 7–8 Satisfactory; Grade 9 Unsatisfactory. ECZ does not publish public percentage boundaries; most tertiary programmes look for a credit (Grade 6 or better) in relevant subjects.

Exam Fee

2026: free for public and grant-aided school candidates (government-funded); private-school School Certificate K600 per candidate; GCE K200 per subject (ECZ fees schedule). (Examinations Council of Zambia (ECZ))

ECZ PoA 7110 Exam Content Outline

10%

Accounting concepts, ethics and the equation

Purpose of accounts, internal and external users, terminology, concepts (going concern, accruals, prudence, entity, realisation, cost, duality, materiality), ethics, ZICA, and Assets = Capital + Liabilities.

18%

Double entry, ledgers and books of prime entry

Debit and credit rules; nominal, real and personal accounts; sales, purchases, receivables and payables ledgers; day books; cash book; petty cash imprest; general journal.

13%

Trial balance, errors and capital versus revenue

Extracting a trial balance; errors of omission, commission, principle, original entry, complete reversal and compensating errors; suspense; capital and revenue receipts and expenditure.

20%

Sole-trader financial statements and year-end adjustments

Net sales and purchases, cost of sales, gross and net profit, working capital and capital employed; accruals, prepayments, bad debts, bad debts recovered and allowance for doubtful debts.

18%

Bank reconciliation, control accounts and depreciation

Revised cash book and bank reconciliation (favourable or overdrawn); sales and purchases ledger control accounts; straight-line, reducing-balance and revaluation depreciation.

5%

Accounting ratios

ROCE, gross and net profit ratios, expenses ratio, current and acid-test ratios, stock turnover, trade receivable days, trade payable days and assets turnover.

16%

Partnerships, clubs, incomplete records and manufacturing

Partnership appropriation, capital and current accounts; receipts and payments, income and expenditure and accumulated fund; statements of affairs and conversion; prime cost and cost of production; manual versus electronic systems.

How to Pass the ECZ PoA 7110 Exam

What You Need to Know

  • Passing score: Graded on the ECZ School Certificate / GCE 1–9 subject scale (1 is the highest): Grades 1–2 Distinction; Grades 3–4 Merit; Grades 5–6 Credit; Grades 7–8 Satisfactory; Grade 9 Unsatisfactory. ECZ does not publish public percentage boundaries; most tertiary programmes look for a credit (Grade 6 or better) in relevant subjects.
  • Assessment: Two written papers: 7110/1 Principles of Accounts 1 (1 hour) and 7110/2 Principles of Accounts 2 (2 hours). Calculators are permitted on Paper 2. This bank is an MCQ study adaptation only.
  • Time limit: Paper 7110/1: 1 hour; Paper 7110/2: 2 hours (2026 School Certificate timetable). Calculators permitted on Paper 2.
  • Exam fee: 2026: free for public and grant-aided school candidates (government-funded); private-school School Certificate K600 per candidate; GCE K200 per subject (ECZ fees schedule).

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

ECZ PoA 7110 Study Tips from Top Performers

1Learn debit and credit by account class (assets, expenses and drawings debit to increase; liabilities, capital and income credit to increase) before attempting final accounts.
2Practise ZMW workings on every Paper 2-style topic: trial balance totals, cost of sales, gross and net profit, working capital, depreciation, control accounts and bank reconciliation.
3Memorise the adjustment rules: accrued expenses increase the expense and a current liability; prepayments reduce the expense and create a current asset; depreciation reduces net book value; an increase in the allowance for doubtful debts is an expense.
4For bank reconciliation, update the cash book first for bank charges, standing orders, direct debits, credit transfers and dishonoured cheques, then reconcile unpresented cheques and uncredited deposits to the statement.
5Keep capital and revenue items separate: buying a delivery van is capital expenditure; repairing it is revenue expenditure. Misclassification is a common error-of-principle item.
6Use official past Paper 2 questions for full statement layouts. These MCQs train the judgments and calculations; they do not replace writing out a trading account or control account under timed conditions.

Frequently Asked Questions

What is ECZ Principles of Accounts (7110)?

It is the Examinations Council of Zambia School Certificate / GCE ordinary-level accounts subject. The Ministry of Education Forms 1–4 syllabus covers double-entry bookkeeping through to sole-trader, partnership, club, incomplete-record and manufacturing accounts.

How many papers are there and how long do they last?

Two written papers appear on the 2026 School Certificate timetable: 7110/1 Principles of Accounts 1 (1 hour) and 7110/2 Principles of Accounts 2 (2 hours). Calculators are permitted on Paper 2.

How many official questions are on 7110?

ECZ does not publish a fixed official item count for Principles of Accounts 7110. Do not treat the 100 multiple-choice items on this page as the official paper length.

Are these official ECZ past-paper questions?

No. They are original OpenExamPrep questions — an English-language multiple-choice study adaptation of the official syllabus. They are not an ECZ paper and do not replace timed practice of Paper 2 ledger, journal and statement layouts.

How is ECZ 7110 graded?

Each subject is graded 1–9: Grade 1 is Distinction, Grades 2–3 Merit, Grades 4–6 Credit, Grades 7–8 Pass, and Grade 9 Fail/Ungraded. Most Zambian universities look for Grade 6 or better in relevant subjects, usually including English Language.

What are the 2026 examination fees?

Public and grant-aided school candidates sit free (government-funded). Private-school School Certificate candidates pay K600 per candidate. GCE candidates pay K200 per subject, according to the ECZ fees schedule.

When is the 2026 School Certificate examination?

The 2026 School Certificate diet runs from Friday 30 October 2026 to Tuesday 17 November 2026. Confirm the exact 7110 sitting on the official ECZ timetable.