Preparing for the 2022 Cambridge O/L Accounting Past Paper – Part 2 can be a challenge, especially for Sri Lankan students aiming to score high in their exams. Unlike Part 1, which is multiple-choice, Part 2 requires written, structured answers that test your deep understanding of accounting principles and the ability to apply them logically and clearly.
This part of the paper demands not only knowledge but also presentation skills, accuracy, and good time management. From preparing final accounts to explaining accounting terms and journal entries, every mark matters. Many students lose points not because they don’t know the answers, but because they don’t write them in a way that examiners expect.
At EDUS Wiki, we help you go beyond just solving the paper. We analyze the structure, mark allocation, and expected responses. We provide you with answer guides, step-by-step working methods, and sample responses aligned with the Cambridge marking schemes. These resources are crafted specifically for Sri Lankan learners who want targeted, exam-ready solutions.
In this article, you’ll find a full breakdown of the 2022 O/L Accounting Paper – Part 2, including detailed guidance on each question, time-saving strategies, and common mistakes to avoid. By using this guide, you’ll not only understand the correct answers but also improve your ability to write scoring responses under exam conditions.
Let’s explore how this paper was structured and how EDUS Wiki can be your most trusted revision partner.
Detailed Examination of Topic
In-depth Analysis: 2022 O/L Accounting Past Paper – Part 2
Part 2 of the Cambridge O/L Accounting paper in 2022 consisted of structured and scenario-based questions divided into sections. These questions required students to prepare financial documents, analyze business situations, and demonstrate conceptual understanding.
Key Sections and Question Types
- Income Statement & Statement of Financial Position
- Students were asked to prepare final accounts from a trial balance and adjustments.
- Common challenge: Misplacing adjustments and calculation errors.
- Ledger and Journal Entries
- Questions required correct posting of transactions and balancing accounts.
- Tip: Always label debit and credit sides clearly.
- Bank Reconciliation & Control Accounts
- This tested your ability to identify missing transactions and correct errors.
- Theory and Definitions
- Short questions included terms like capital expenditure, depreciation, accruals, and provisions.
2022 Cambridge O/L Accounting Past Paper – Part 2
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Top Student Mistakes to Avoid
- Writing too briefly for 4-mark or 6-mark questions
- Failing to show full workings
- Incorrectly using T-accounts without dates/references
- Ignoring the formats of financial statements
EDUS Wiki’s Support for Students
- Fully worked-out answers for every 2022 Part 2 question
- Downloadable answer scripts with Cambridge-style presentation
- Key terms explained in simple English/Tamil
- Linked articles on:
- [How to Write a Perfect Income Statement]
- [Journal Entries: Format and Marks Tips]
- [Common Errors in O/L Accounting Paper 2]
Our mobile-friendly platform ensures easy access for Sri Lankan students studying on the go.
Conclusion
The 2022 Cambridge O/L Accounting Past Paper – Part 2 is not just a test of knowledge, but also of written communication and exam technique. It’s where many students either secure their top grades—or lose critical marks due to avoidable errors.
Using the solutions and strategies on EDUS Wiki, you can gain a competitive edge. Our detailed explanations, marking-focused tips, and smart exam guidance are designed to help Sri Lankan students perform at their best.
Make sure to download the full answer key, study from our resource links, and practice writing full-length answers within the time limit.
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