For Sri Lankan students preparing for the Cambridge O Level Accounting exam, the 2022 Cambridge O/L Accounting Past Paper – Part 2 is an essential part of effective revision. This structured paper requires a deeper understanding of accounting principles and the ability to apply concepts accurately to practical scenarios.
At EDUS Wiki, we understand how important it is to practice with real exam questions. That’s why we’re offering a complete review of the 2022 Accounting Past Paper Part 2, including a question-by-question breakdown, detailed solutions, and expert insights tailored to help Sri Lankan learners succeed. You’ll find the main focus keyphrase naturally integrated here to ensure high SEO visibility for relevant search queries.
This article dives into the structure, marking scheme, and ideal answering strategies for Paper 2. Topics covered in this paper include depreciation, control accounts, bank reconciliation, financial statements, and adjustments. These areas are tested in real-world formats, where students must demonstrate analytical thinking, layout accuracy, and knowledge of accounting procedures.
With our walkthrough, students will not only get answers—they’ll understand why those answers are correct. The EDUS Wiki platform also provides downloadable study guides, links to relevant topics, and access to online classes for additional help.
We’re here to make O/L Accounting more understandable and less stressful. Whether you’re studying on your own or attending coaching, this article is the perfect companion for mastering Paper 2 and securing high marks.
Body
Detailed Examination of Topic
The 2022 Cambridge O/L Accounting Past Paper – Part 2 tested candidates’ ability to handle complex transactions and demonstrate sound knowledge in the following areas:
Question Analysis
- Final Accounts Preparation
Students were tasked with preparing an income statement and a statement of financial position from a trial balance, including year-end adjustments such as:- Depreciation on fixed assets
- Accruals and prepayments
- Provision for doubtful debts
- Control Accounts
A classic topic in Paper 2, students had to construct a Receivables Control Account using a list of transactions. Accuracy in debit/credit placement and balance calculation was key. - Bank Reconciliation Statement
A question was included that required students to reconcile the bank statement with the cash book, identifying items like dishonoured cheques, unpresented cheques, and bank charges. - Correcting Errors
Students needed to identify and correct bookkeeping errors using journal entries and indicate their impact on the trial balance.
2022 Cambridge O/L Accounting Past Paper – Part 2
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EDUS Wiki Tips for Paper 2 Success
- Practice layout and headings for financial statements.
- Use T-accounts and working notes to avoid careless mistakes.
- Time management: allocate time per question, especially for long-format tasks.
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Conclusion
The 2022 Cambridge O/L Accounting Past Paper – Part 2 is a powerful revision resource for students aiming to strengthen their practical accounting skills. With structured questions that test comprehension and application, it offers valuable insight into the O/L examination style and standards.
By studying this past paper with the help of EDUS Wiki, Sri Lankan students can boost their exam performance through expert guidance, step-by-step solutions, and supportive learning resources. Whether it’s your first time attempting Paper 2 or you’re reviewing before the next exam, this guide is designed to simplify your prep process and help you build confidence.
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