Nature, Scope and Methods of Financial Accounting · CAPE Accounting Unit 1

8 past-paper questions on Nature, Scope and Methods of Financial Accounting, part of Module 1: Accounting Theory, Recording and Control Systems, from every CAPE Accounting Unit 1 paper on Quelpr.

1. 1(a)(i)5 marks· CAPE Accounting Unit 1 · 2007 · Paper 2Distinguish between the criteria for recognizing revenues under the cash basis and under the accrual basis of accounting.
2. 1(a)(ii)5 marks· CAPE Accounting Unit 1 · 2007 · Paper 2Distinguish between the criteria for recognizing expenses under the cash basis and under the accrual basis of accounting.
3. 1(a)10 marks· CAPE Accounting Unit 1 · 2008 · Paper 2Identify FIVE groups who use financial accounting information and state ONE purpose for which EACH group uses this information.
4. 1(g)10 marks· CAPE Accounting Unit 1 · 2015 · Paper 2Using Table 1 provided as an insert, show the effect of EACH of the transactions (i) to (v) in the Cash Book and Statement of Comprehensive Income of BisNess Ltd for the year ended 30 June 2014.
5. 1(b)(i)4 marks· CAPE Accounting Unit 1 · 2018 · Paper 2Distinguish between 'accrual basis accounting' and 'cash basis accounting'.
6. 1(b)(ii)2 marks· CAPE Accounting Unit 1 · 2018 · Paper 2Identify TWO reasons why an organization would opt to use 'accrual basis accounting' over 'cash basis accounting'.
7. 1(d)(ii)6 marks· CAPE Accounting Unit 1 · 2019 · Paper 2Explain how revenues are reported on the income statements under BOTH the cash basis of accounting and the accrual basis of accounting and give ONE example of EACH.
8. 1(b)4 marks· CAPE Accounting Unit 1 · 2021 · Paper 2Differentiate between the terms 'accrual basis accounting' and 'cash basis accounting'.