For Sri Lankan students tackling their Cambridge O Level Accounting exam, practicing with actual past papers is a powerful way to reinforce understanding and build exam confidence. One of the most important tools for this is the 2022 Cambridge O/L Accounting Past Paper – Part 2, which focuses on structured questions designed to assess both knowledge and application.
This paper presents students with real-life accounting problems such as adjustments in financial statements, control accounts, correction of errors, and reconciliation tasks. These types of questions require a solid grasp of accounting fundamentals, clear logical thinking, and presentation skills that meet examination standards. That’s where EDUS Wiki comes in.
EDUS Wiki offers a complete breakdown of this 2022 Cambridge O/L Accounting Past Paper Part 2, complete with detailed answers, examiners’ expectations, and expert insights aimed at helping Sri Lankan learners. We guide students through each question using practical explanations, clear formats, and reminders of common pitfalls to avoid.
By integrating this paper into your study routine, you’ll be preparing not just to pass—but to excel. In addition, our site provides access to similar papers, model answers, and other free learning resources curated specifically for Cambridge O/L students in Sri Lanka.
Whether you’re attending classes or self-studying at home, this article helps turn a challenging paper into a learning opportunity. Let’s explore how you can use this paper effectively to improve your structured-answer skills for exam success.
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Detailed Examination of 2022 Cambridge O/L Accounting Past Paper – Part 2
The 2022 structured paper tested students’ ability to handle multi-part accounting questions with applied knowledge. Below is a breakdown of the key question types and how to tackle them:
2022 Cambridge O/L Accounting Past Paper – Part 2
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Question Type 1: Final Accounts with Adjustments
This task required preparation of income statements and statements of financial position using a trial balance and various year-end adjustments such as:
- Provision for depreciation
- Accrued and prepaid expenses
- Adjustments to inventory
- Provision for doubtful debts
EDUS Tip: Use formats exactly as in the marking scheme. Remember that layout, titles, and subtotals all carry marks!
Question Type 2: Control Accounts
A task to prepare the Receivables or Payables Ledger Control Account tested double-entry skills and the understanding of credit transactions.
Common mistake: Forgetting to post discounts or returns correctly.
Question Type 3: Error Correction and Suspense Accounts
Students were asked to identify and correct accounting errors using journal entries and show their impact on the trial balance.
EDUS Insight: Always check if the error affects one or both sides of the ledger.
Question Type 4: Bank Reconciliation
This popular topic required students to compare the cashbook balance with the bank statement to identify unpresented cheques, bank charges, and dishonoured cheques.
Key advice: Present your answer with clear headings and balancing figures to avoid confusion.
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Conclusion
The 2022 Cambridge O/L Accounting Past Paper – Part 2 offers valuable insight into structured accounting questions that students can expect in the O/L exam. Through consistent practice and proper understanding, students can greatly improve their answering techniques and accuracy.
EDUS Wiki is committed to guiding Sri Lankan students with in-depth walkthroughs, downloadable content, and structured model answers to support every step of your preparation journey. This article aims to build your confidence and ensure you’re fully prepared for the structured section of the paper.
Whether you’re revising alone or with support, use our expert resources to boost your scores in the O/L exam.
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