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Cambridge International AS & A Level
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ACCOUNTING 9706/23
Paper 2 Fundamentals of Accounting October/November 2025
1 hour 45 minutes
You must answer on the question paper.
No additional materials are needed.
INSTRUCTIONS
● Answer all questions.
● Use a black or dark blue pen.
● Write your name, centre number and candidate number in the boxes at the top of the page.
● Write your answer to each question in the space provided.
● Do not use an erasable pen or correction fluid.
● Do not write on any bar codes.
● You may use an HB pencil for any rough working.
● You may use a calculator.
● You should present all accounting statements in good style.
● International accounting terms and formats should be used as appropriate.
● You should show your workings.
INFORMATION
● The total mark for this paper is 90.
● The number of marks for each question or part question is shown in brackets [ ].
This document has 20 pages. Any blank pages are indicated.
DC (WW) 345774/2
© UCLES 2025 [Turn over
9706_w25_qp_23.pdf 9706_w25_qp_23.pdf 9706_w25_qp_23.pdf
,9706_w25_qp_23.pdf 9706_w25_qp_23.pdf 9706_w25_qp_23.pdf
* 0000800000002 * DFD
DO NOT WRITE IN THIS MARGIN
2
, ,
1 Fazal and Naseem are in partnership. They own a retail business. The following information is
available for the year ended 31 December 2024.
Debit Credit
$ $
Allowance for irrecoverable debts 310
Capital accounts
Fazal 65 000
Naseem 55 000
Cash at bank 3 180
Cost of sales 36 790
DO NOT WRITE IN THIS MARGIN
Current accounts
Fazal 1 480
Naseem 2 610
Drawings
Fazal 11 700
Naseem 14 300
General expenses 3 310
Inventory at 31 December 2024 17 900
Loan from Fazal 8 000
Non‑current assets
cost 139 000
provision for depreciation 31 000
DO NOT WRITE IN THIS MARGIN
Profit on disposal of a non‑current asset 320
Rent 9 800
Revenue 98 110
Staff wages 25 830
Trade payables 7 380
Trade receivables 10 800
270 910 270 910
Additional information at 31 December 2024:
1 The account of a credit customer owing $320 is to be written off as irrecoverable.
2 The allowance for irrecoverable debts is to be maintained at 2.5% of trade receivables.
DO NOT WRITE IN THIS MARGIN
3 No entries have been made for 8% interest per annum on Fazal’s loan. The loan from Fazal
was made on 1 October 2024 and is repayable in 2028.
4 Rent is charged at $2100 for three months and is payable in advance. Rent has been paid
until 28 February 2025.
5 Staff wages of $810 are owing.
6 Non‑current assets are to be depreciated at 20% per annum using the straight‑line method.
DO NOT WRITE IN THIS MARGIN
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© UCLES 2025 Ĭèēú×īĚĔåôñ¿öËÝòĚĂ 9706/23/O/N/25
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9706_w25_qp_23.pdf 9706_w25_qp_23.pdf 9706_w25_qp_23.pdf
, 9706_w25_qp_23.pdf 9706_w25_qp_23.pdf 9706_w25_qp_23.pdf
* 0000800000003 * DFD
DO NOT WRITE IN THIS MARGIN
3
, ,
(a) Prepare the statement of profit or loss for the year ended 31 December 2024. Use the space
provided on page 4 to show your workings.
Fazal and Naseem
Statement of profit or loss for the year ended 31 December 2024
...................................................................................................................................................
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DO NOT WRITE IN THIS MARGIN
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DO NOT WRITE IN THIS MARGIN
Ĭ×Ċ®Ġ´íÈõÏĪÅĊàû·þ×
© UCLES 2025 ĬèĔùÏĝĖĤÔĆĀĊâ³ùòĪĂ
ĥµĥĕµõĥõåĕĕąąµąÕĕÕ
9706/23/O/N/25 [Turn over
9706_w25_qp_23.pdf 9706_w25_qp_23.pdf 9706_w25_qp_23.pdf
* 0000800000001 * DFD
, ,
Cambridge International AS & A Level
¬W. 4mHuOªE]{5W
¬hyVvN}d>1J
¥¥ U5uEu eE UeU
* 0 0 1 5 5 6 3 3 0 5 *
ACCOUNTING 9706/23
Paper 2 Fundamentals of Accounting October/November 2025
1 hour 45 minutes
You must answer on the question paper.
No additional materials are needed.
INSTRUCTIONS
● Answer all questions.
● Use a black or dark blue pen.
● Write your name, centre number and candidate number in the boxes at the top of the page.
● Write your answer to each question in the space provided.
● Do not use an erasable pen or correction fluid.
● Do not write on any bar codes.
● You may use an HB pencil for any rough working.
● You may use a calculator.
● You should present all accounting statements in good style.
● International accounting terms and formats should be used as appropriate.
● You should show your workings.
INFORMATION
● The total mark for this paper is 90.
● The number of marks for each question or part question is shown in brackets [ ].
This document has 20 pages. Any blank pages are indicated.
DC (WW) 345774/2
© UCLES 2025 [Turn over
9706_w25_qp_23.pdf 9706_w25_qp_23.pdf 9706_w25_qp_23.pdf
,9706_w25_qp_23.pdf 9706_w25_qp_23.pdf 9706_w25_qp_23.pdf
* 0000800000002 * DFD
DO NOT WRITE IN THIS MARGIN
2
, ,
1 Fazal and Naseem are in partnership. They own a retail business. The following information is
available for the year ended 31 December 2024.
Debit Credit
$ $
Allowance for irrecoverable debts 310
Capital accounts
Fazal 65 000
Naseem 55 000
Cash at bank 3 180
Cost of sales 36 790
DO NOT WRITE IN THIS MARGIN
Current accounts
Fazal 1 480
Naseem 2 610
Drawings
Fazal 11 700
Naseem 14 300
General expenses 3 310
Inventory at 31 December 2024 17 900
Loan from Fazal 8 000
Non‑current assets
cost 139 000
provision for depreciation 31 000
DO NOT WRITE IN THIS MARGIN
Profit on disposal of a non‑current asset 320
Rent 9 800
Revenue 98 110
Staff wages 25 830
Trade payables 7 380
Trade receivables 10 800
270 910 270 910
Additional information at 31 December 2024:
1 The account of a credit customer owing $320 is to be written off as irrecoverable.
2 The allowance for irrecoverable debts is to be maintained at 2.5% of trade receivables.
DO NOT WRITE IN THIS MARGIN
3 No entries have been made for 8% interest per annum on Fazal’s loan. The loan from Fazal
was made on 1 October 2024 and is repayable in 2028.
4 Rent is charged at $2100 for three months and is payable in advance. Rent has been paid
until 28 February 2025.
5 Staff wages of $810 are owing.
6 Non‑current assets are to be depreciated at 20% per annum using the straight‑line method.
DO NOT WRITE IN THIS MARGIN
ĬÕĊ®Ġ´íÈõÏĪÅĊàù·þ×
© UCLES 2025 Ĭèēú×īĚĔåôñ¿öËÝòĚĂ 9706/23/O/N/25
ĥµĕÕõĕąĕµĥÅąąÕĥĕąÕ
9706_w25_qp_23.pdf 9706_w25_qp_23.pdf 9706_w25_qp_23.pdf
, 9706_w25_qp_23.pdf 9706_w25_qp_23.pdf 9706_w25_qp_23.pdf
* 0000800000003 * DFD
DO NOT WRITE IN THIS MARGIN
3
, ,
(a) Prepare the statement of profit or loss for the year ended 31 December 2024. Use the space
provided on page 4 to show your workings.
Fazal and Naseem
Statement of profit or loss for the year ended 31 December 2024
...................................................................................................................................................
...................................................................................................................................................
...................................................................................................................................................
DO NOT WRITE IN THIS MARGIN
...................................................................................................................................................
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DO NOT WRITE IN THIS MARGIN
Ĭ×Ċ®Ġ´íÈõÏĪÅĊàû·þ×
© UCLES 2025 ĬèĔùÏĝĖĤÔĆĀĊâ³ùòĪĂ
ĥµĥĕµõĥõåĕĕąąµąÕĕÕ
9706/23/O/N/25 [Turn over
9706_w25_qp_23.pdf 9706_w25_qp_23.pdf 9706_w25_qp_23.pdf
