Cambridge
Cambridge
International
Cambridge
International
AS &International
A Level
AS &0253905268
A Level
AS &0253905268
A Level
ACCOUNTING
0253905268
ACCOUNTING
970621
ACCOUNTING
Paper
970621
2 Fundamentals
Paper
970621
2 Fundamentals
Paperof2Accounting
Fundamentals
of Accounting
MayJune
of Accounting
MayJune
2025.pdf)##(&)#%)(*#%)#^*(&)#^*)(*
MayJune
2025.pdf 2025.pdf
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, ,
Cambridge International AS & A Level
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ACCOUNTING 9706/21
Paper 2 Fundamentals of Accounting May/June 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 (EV) 357265
© UCLES 2025 [Turn over
Cambridge
Cambridge
International
Cambridge
International
AS &International
A Level
AS &0253905268
A Level
AS &0253905268
A Level
ACCOUNTING
0253905268
ACCOUNTING
970621
ACCOUNTING
Paper
970621
2 Fundamentals
Paper
970621
2 Fundamentals
Paperof2Accounting
Fundamentals
of Accounting
MayJune
of Accounting
MayJune
2025.pdfMayJune
2025.pdf 2025.pdf
,Cambridge
Cambridge
International
Cambridge
International
AS &International
A Level
AS &0253905268
A Level
AS &0253905268
A Level
ACCOUNTING
0253905268
ACCOUNTING
970621
ACCOUNTING
Paper
970621
2 Fundamentals
Paper
970621
2 Fundamentals
Paperof2Accounting
Fundamentals
of Accounting
MayJune
of Accounting
MayJune
2025.pdf)##(&)#%)(*#%)#^*(&)#^*)(*
MayJune
2025.pdf 2025.pdf
* 0000800000002 *
DO NOT WRITE IN THIS MARGIN
2
, ,
1 Bilal provided the following information for his service business for the year ended
31 December 2024.
1 Receipts and payments for the year ended 31 December 2024 included:
$
Receipts
Cash fees 78 440
Fees from credit clients 34 290
DO NOT WRITE IN THIS MARGIN
Rent received 4 950
Payments
Advertising campaign 4 500
Electricity charges 3 610
General expenses 880
Motor vehicle running costs 1 320
Wages and salaries 31 600
DO NOT WRITE IN THIS MARGIN
2 On 1 January 2024, trade receivables were $15 800, and on 31 December 2024, trade
receivables were $11 600.
3 On 1 January 2024, the allowance for irrecoverable debts was $632. On 31 December 2024,
Bilal decided to increase the allowance for irrecoverable debts by 1%.
4 On 1 January 2024, electricity charges of $270 were outstanding. On 31 December 2024,
electricity charges of $490 were prepaid.
5 On 1 May 2024, part of the business premises was rented out at $1650 for every three months
receivable in advance.
DO NOT WRITE IN THIS MARGIN
6 On 1 November 2024, the advertising campaign commenced. It will end on 31 January 2026.
7 During the year ended 31 December 2024, a motor vehicle, cost $21 000, was sold for
$9100. It had been depreciated for three years at 20% per annum using the reducing balance
method. No depreciation is provided in the year of sale.
8 Non-current assets at 31 December 2024 were:
Date of Cost
Depreciation method
purchase $
Business premises 1 January 2021 120 000 2% per annum straight-line
DO NOT WRITE IN THIS MARGIN
Motor vehicle 1 January 2024 26 000 20% per annum reducing balance
Furniture and
1 January 2021 22 000 10% per annum straight-line
equipment
ĬÕĊ®Ġ´íÈõÏĪÅĊàù¸þ×
© UCLES 2025 ĬīĖóÛĬģýìċüå¾ěĥÂÿĂ 9706/21/M/J/25
ĥąĥÕõÕĥÕÅÕÕąÅĕåĕĥÕ
Cambridge
Cambridge
International
Cambridge
International
AS &International
A Level
AS &0253905268
A Level
AS &0253905268
A Level
ACCOUNTING
0253905268
ACCOUNTING
970621
ACCOUNTING
Paper
970621
2 Fundamentals
Paper
970621
2 Fundamentals
Paperof2Accounting
Fundamentals
of Accounting
MayJune
of Accounting
MayJune
2025.pdfMayJune
2025.pdf 2025.pdf
, Cambridge
Cambridge
International
Cambridge
International
AS &International
A Level
AS &0253905268
A Level
AS &0253905268
A Level
ACCOUNTING
0253905268
ACCOUNTING
970621
ACCOUNTING
Paper
970621
2 Fundamentals
Paper
970621
2 Fundamentals
Paperof2Accounting
Fundamentals
of Accounting
MayJune
of Accounting
MayJune
2025.pdf)##(&)#%)(*#%)#^*(&)#^*)(*
MayJune
2025.pdf 2025.pdf
* 0000800000003 *
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.
Bilal
Statement of profit or loss for the year ended 31 December 2024
...................................................................................................................................................
...................................................................................................................................................
...................................................................................................................................................
DO NOT WRITE IN THIS MARGIN
...................................................................................................................................................
...................................................................................................................................................
...................................................................................................................................................
...................................................................................................................................................
...................................................................................................................................................
...................................................................................................................................................
DO NOT WRITE IN THIS MARGIN
...................................................................................................................................................
...................................................................................................................................................
...................................................................................................................................................
...................................................................................................................................................
...................................................................................................................................................
...................................................................................................................................................
DO NOT WRITE IN THIS MARGIN
...................................................................................................................................................
...................................................................................................................................................
...................................................................................................................................................
...................................................................................................................................................
...................................................................................................................................................
...................................................................................................................................................
...................................................................................................................................................
DO NOT WRITE IN THIS MARGIN
...................................................................................................................................................
...................................................................................................................................................
...................................................................................................................................................
Ĭ×Ċ®Ġ´íÈõÏĪÅĊàû¸þ×
© UCLES 2025 ĬīĕôÓĞğíÍíąĤĚģ±ÂïĂ
ĥąĕĕµµąµÕåąąÅõÅÕõÕ
9706/21/M/J/25 [Turn over
Cambridge
Cambridge
International
Cambridge
International
AS &International
A Level
AS &0253905268
A Level
AS &0253905268
A Level
ACCOUNTING
0253905268
ACCOUNTING
970621
ACCOUNTING
Paper
970621
2 Fundamentals
Paper
970621
2 Fundamentals
Paperof2Accounting
Fundamentals
of Accounting
MayJune
of Accounting
MayJune
2025.pdfMayJune
2025.pdf 2025.pdf
Cambridge
International
Cambridge
International
AS &International
A Level
AS &0253905268
A Level
AS &0253905268
A Level
ACCOUNTING
0253905268
ACCOUNTING
970621
ACCOUNTING
Paper
970621
2 Fundamentals
Paper
970621
2 Fundamentals
Paperof2Accounting
Fundamentals
of Accounting
MayJune
of Accounting
MayJune
2025.pdf)##(&)#%)(*#%)#^*(&)#^*)(*
MayJune
2025.pdf 2025.pdf
* 0000800000001 *
, ,
Cambridge International AS & A Level
¬W. 4mHuOªE]{6W
¬«tZ §«Sv~Jv¡Uz
¥UuU55e5u EEUEUEU
* 0 2 5 3 9 0 5 2 6 8 *
ACCOUNTING 9706/21
Paper 2 Fundamentals of Accounting May/June 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 (EV) 357265
© UCLES 2025 [Turn over
Cambridge
Cambridge
International
Cambridge
International
AS &International
A Level
AS &0253905268
A Level
AS &0253905268
A Level
ACCOUNTING
0253905268
ACCOUNTING
970621
ACCOUNTING
Paper
970621
2 Fundamentals
Paper
970621
2 Fundamentals
Paperof2Accounting
Fundamentals
of Accounting
MayJune
of Accounting
MayJune
2025.pdfMayJune
2025.pdf 2025.pdf
,Cambridge
Cambridge
International
Cambridge
International
AS &International
A Level
AS &0253905268
A Level
AS &0253905268
A Level
ACCOUNTING
0253905268
ACCOUNTING
970621
ACCOUNTING
Paper
970621
2 Fundamentals
Paper
970621
2 Fundamentals
Paperof2Accounting
Fundamentals
of Accounting
MayJune
of Accounting
MayJune
2025.pdf)##(&)#%)(*#%)#^*(&)#^*)(*
MayJune
2025.pdf 2025.pdf
* 0000800000002 *
DO NOT WRITE IN THIS MARGIN
2
, ,
1 Bilal provided the following information for his service business for the year ended
31 December 2024.
1 Receipts and payments for the year ended 31 December 2024 included:
$
Receipts
Cash fees 78 440
Fees from credit clients 34 290
DO NOT WRITE IN THIS MARGIN
Rent received 4 950
Payments
Advertising campaign 4 500
Electricity charges 3 610
General expenses 880
Motor vehicle running costs 1 320
Wages and salaries 31 600
DO NOT WRITE IN THIS MARGIN
2 On 1 January 2024, trade receivables were $15 800, and on 31 December 2024, trade
receivables were $11 600.
3 On 1 January 2024, the allowance for irrecoverable debts was $632. On 31 December 2024,
Bilal decided to increase the allowance for irrecoverable debts by 1%.
4 On 1 January 2024, electricity charges of $270 were outstanding. On 31 December 2024,
electricity charges of $490 were prepaid.
5 On 1 May 2024, part of the business premises was rented out at $1650 for every three months
receivable in advance.
DO NOT WRITE IN THIS MARGIN
6 On 1 November 2024, the advertising campaign commenced. It will end on 31 January 2026.
7 During the year ended 31 December 2024, a motor vehicle, cost $21 000, was sold for
$9100. It had been depreciated for three years at 20% per annum using the reducing balance
method. No depreciation is provided in the year of sale.
8 Non-current assets at 31 December 2024 were:
Date of Cost
Depreciation method
purchase $
Business premises 1 January 2021 120 000 2% per annum straight-line
DO NOT WRITE IN THIS MARGIN
Motor vehicle 1 January 2024 26 000 20% per annum reducing balance
Furniture and
1 January 2021 22 000 10% per annum straight-line
equipment
ĬÕĊ®Ġ´íÈõÏĪÅĊàù¸þ×
© UCLES 2025 ĬīĖóÛĬģýìċüå¾ěĥÂÿĂ 9706/21/M/J/25
ĥąĥÕõÕĥÕÅÕÕąÅĕåĕĥÕ
Cambridge
Cambridge
International
Cambridge
International
AS &International
A Level
AS &0253905268
A Level
AS &0253905268
A Level
ACCOUNTING
0253905268
ACCOUNTING
970621
ACCOUNTING
Paper
970621
2 Fundamentals
Paper
970621
2 Fundamentals
Paperof2Accounting
Fundamentals
of Accounting
MayJune
of Accounting
MayJune
2025.pdfMayJune
2025.pdf 2025.pdf
, Cambridge
Cambridge
International
Cambridge
International
AS &International
A Level
AS &0253905268
A Level
AS &0253905268
A Level
ACCOUNTING
0253905268
ACCOUNTING
970621
ACCOUNTING
Paper
970621
2 Fundamentals
Paper
970621
2 Fundamentals
Paperof2Accounting
Fundamentals
of Accounting
MayJune
of Accounting
MayJune
2025.pdf)##(&)#%)(*#%)#^*(&)#^*)(*
MayJune
2025.pdf 2025.pdf
* 0000800000003 *
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.
Bilal
Statement of profit or loss for the year ended 31 December 2024
...................................................................................................................................................
...................................................................................................................................................
...................................................................................................................................................
DO NOT WRITE IN THIS MARGIN
...................................................................................................................................................
...................................................................................................................................................
...................................................................................................................................................
...................................................................................................................................................
...................................................................................................................................................
...................................................................................................................................................
DO NOT WRITE IN THIS MARGIN
...................................................................................................................................................
...................................................................................................................................................
...................................................................................................................................................
...................................................................................................................................................
...................................................................................................................................................
...................................................................................................................................................
DO NOT WRITE IN THIS MARGIN
...................................................................................................................................................
...................................................................................................................................................
...................................................................................................................................................
...................................................................................................................................................
...................................................................................................................................................
...................................................................................................................................................
...................................................................................................................................................
DO NOT WRITE IN THIS MARGIN
...................................................................................................................................................
...................................................................................................................................................
...................................................................................................................................................
Ĭ×Ċ®Ġ´íÈõÏĪÅĊàû¸þ×
© UCLES 2025 ĬīĕôÓĞğíÍíąĤĚģ±ÂïĂ
ĥąĕĕµµąµÕåąąÅõÅÕõÕ
9706/21/M/J/25 [Turn over
Cambridge
Cambridge
International
Cambridge
International
AS &International
A Level
AS &0253905268
A Level
AS &0253905268
A Level
ACCOUNTING
0253905268
ACCOUNTING
970621
ACCOUNTING
Paper
970621
2 Fundamentals
Paper
970621
2 Fundamentals
Paperof2Accounting
Fundamentals
of Accounting
MayJune
of Accounting
MayJune
2025.pdfMayJune
2025.pdf 2025.pdf
