OxfordAQA IGCSE Accounting: Adjustments for payables, receivables and income (9215) – Practice Questions

These are original questions written for Marlbridge, for revision and practice on this content. They are not reproduced past-paper questions, and they do not replicate the exam’s exact structure, question count or mark tariffs – examination boards hold copyright in their own papers. Use these alongside the official past papers from your board or school.

These questions follow the OxfordAQA International GCSE Accounting (9215) specification, version 1.2 (exams from May/June 2026), section 3.3: entries in ledger accounts, income statements and statements of financial position for other payables, other receivables, income due and income received in advance. Section 3.3 sits within the content for Paper 1 (content 1 to 3) and Paper 2 (content 3 to 5). All businesses and figures are invented, and all amounts are in dollars.

Revise first with the study guide and the revision notes. The course pages are the OxfordAQA IGCSE Accounting hub and the printable checklist.

Questions

1. Mayhew Print has a year end of 31 December. For each item, state the name of the adjustment (other payables, other receivables, income due or income received in advance) and whether it is a current asset or a current liability. (a) The December electricity bill, unpaid at the year end. (b) Insurance paid in November that covers the following year. (c) Commission earned in December and not yet received. (d) Fees received in December for services to be given next year. [4]

2. Calderby Bakery paid 2,380 for electricity during the year. At the start of the year 210 was owing and at the end 260 is owing. Write up the electricity account, balance it and bring down the balance. [4]

3. Blythe Garden Centre paid 1,380 for insurance during the year. At the start of the year 210 had been paid in advance. At the end of the year 265 relates to the next year. Write up the insurance account, balance it and bring down the balance. [4]

4. Pickwell Studio pays 2,160 on 1 August 2026 for a software licence that covers twelve months. Its year end is 31 December 2026. Calculate the charge to the income statement for 2026, calculate the other receivable at the year end, and state where the other receivable is shown in the statement of financial position. [3]

5. Radnor Storage receives rent from a tenant. During the year it received 7,800. At the start of the year 520 was due from the tenant and at the end 650 is due. Write up the rent receivable account, balance it and bring down the balance. [4]

6. Pickwell Music School received 9,600 in tuition fees during the year. At the start of the year 750 had been received in advance and at the end 1,300 has been received in advance. Write up the tuition fees account, balance it and bring down the balance. [4]

7. Radnor Fitness has a draft net profit of 21,700 before these adjustments: wages owing 960, rates paid in advance 540, commission due 330 and membership fees received in advance 410. Show the effect of each adjustment on profit and calculate the adjusted net profit. [5]

8. Explain the accruals concept and why it requires adjustments for items such as other payables. [3]

9. Mayhew Print has these figures for the year. (a) Wages: paid 28,400, owing at the start 900, owing at the end 1,150. Insurance: paid 3,000, prepaid at the start 600, prepaid at the end 750. Rent received: 4,800, due at the start 350, due at the end 400. Calculate the figure for each that is shown in the income statement. [3] (b) State the heading under which each closing balance is shown in the statement of financial position. [3]

10. Hartsop Outdoor Gear, a sole trader, has a year end of 31 March 2027 and a gross profit of 84,200. The figures below are in the ledger. Rent received 9,600 (due at the start 800, due at the end 1,000). Fees received 4,500 (received in advance at the start 300, at the end 650). Wages paid 31,600 (owing at the start 1,200, at the end 1,450). Insurance paid 2,700 (prepaid at the start 450, at the end 500). Telephone paid 1,980 (owing at the start 140, at the end 160). (a) Calculate the income or expense figure for each of the five items. [5] (b) Calculate total expenses and net profit. [2] (c) Calculate the four closing totals for the statement of financial position: other receivables, income due, other payables and income received in advance. [4]

11. Norwick Cafe has a draft net profit of 15,900. A trainee made three errors. Electricity paid of 1,800 was charged in full, but 300 is owing at the year end and was ignored. Insurance paid of 2,400 was charged in full, but 420 of it relates to next year. Rent income of 6,000 was credited in full, but 500 of it was received for next year. There were no opening balances. (a) State the correction needed to profit for each error. [3] (b) Calculate the corrected net profit. [2] (c) State how the three corrections change the statement of financial position. [1]

12. On 1 January 2027 Podmore Laundry has an electricity balance of 640 owing from the previous year. During 2027 it pays 4,100, which includes the 640. At 31 December 2027 it owes 710. (a) State how much of the 4,100 relates to 2027. [1] (b) Calculate the charge for 2027 and write up the electricity account to show it. [4]

Answers

1. (a) Other payables [1], current liability. (b) Other receivables, current asset. [1] (c) Income due, current asset. [1] (d) Income received in advance, current liability. [1] Examiner insight: give both the adjustment name and the classification in each part, because a correct heading with the wrong asset or liability label is likely to earn only part of the credit.

2. Debit side: bank 2,380 [1], balance c/d 260 [1]. Credit side: balance b/d 210 [1] and income statement 2,430 as the balancing figure, with both sides totalling 2,640 and balance b/d 260 brought down on the credit side [1].

Examiner insight: the opening balance sits on the credit side because it is a liability.

3. Debit side: balance b/d 210 [1] and bank 1,380 [1]. Credit side: income statement 1,325 [1] and balance c/d 265, with both sides totalling 1,590 and balance b/d 265 on the debit side [1].

Examiner insight: the closing prepaid balance is carried down on the credit side and brought down on the debit side, so mixing up those lines can cost the final mark.

4. The licence has been used for 5 months (August to December), so the charge is 2,160 x 5/12 = 900 [1]. The other receivable is 2,160 x 7/12 = 1,260 [1], shown under current assets [1]. Examiner insight: show the fraction you used, and check that the two amounts add back to 2,160.

5. Debit side: balance b/d 520 [1] and income statement 7,930 [1]. Credit side: bank 7,800 and balance c/d 650 [1], with both sides totalling 8,450 and balance b/d 650 on the debit side [1].

Examiner insight: income due is an asset, so the opening balance is a debit; if you place it on the credit side the balancing figure changes, so check the side before you start.

6. Credit side: bank 9,600 and balance b/d 750 [1]. Debit side: balance c/d 1,300 [1] and income statement 9,050 as the balancing figure [1], with both sides totalling 10,350 and balance b/d 1,300 on the credit side [1].

Examiner insight: income received in advance is a liability, so the opening and brought down balances are credits.

7. Wages owing reduces profit by 960 [1]. Rates paid in advance increases profit by 540 [1]. Commission due increases profit by 330 [1]. Fees received in advance reduces profit by 410 [1]. Adjusted profit: 21,700 - 960 + 540 + 330 - 410 = 21,200 [1]. Examiner insight: a running total shows which sign you used for each adjustment.

8. The accruals concept says income and expenses are recorded in the period in which they are earned or incurred [1], not when cash is received or paid [1]. Expenses used but unpaid at the year end (other payables) must be included so that profit is not overstated and the liability is shown, which gives a fair comparison of one period with another [1]. Examiner insight: for an explain question, link the concept to its purpose; a definition alone is unlikely to earn all the marks.

9. (a) Wages 28,400 - 900 + 1,150 = 28,650 [1]. Insurance 3,000 + 600 - 750 = 2,850 [1]. Rent received 4,800 - 350 + 400 = 4,850 [1]. (b) Wages owing 1,150: current liabilities, other payables [1]. Insurance prepaid 750: current assets, other receivables [1]. Rent due 400: current assets, income due [1]. Examiner insight: check each direction against the asset or liability type.

10. (a) Rent received 9,600 - 800 + 1,000 = 9,800 [1]. Fees received 4,500 + 300 - 650 = 4,150 [1]. Wages 31,600 - 1,200 + 1,450 = 31,850 [1]. Insurance 2,700 + 450 - 500 = 2,650 [1]. Telephone 1,980 - 140 + 160 = 2,000 [1]. (b) Total expenses 31,850 + 2,650 + 2,000 = 36,500 [1]. Net profit 84,200 + 9,800 + 4,150 - 36,500 = 61,650 [1]. (c) Other receivables 500 [1], income due 1,000 [1], other payables 1,450 + 160 = 1,610 [1], income received in advance 650 [1]. Examiner insight: set out each calculation on its own line and keep income statement and statement of financial position figures apart.

11. (a) Electricity owing 300 reduces profit by 300 [1]. Insurance prepaid 420 increases profit by 420 [1]. Rent received in advance 500 reduces profit by 500 [1]. (b) Net change -300 + 420 - 500 = -380 [1]. Corrected profit 15,900 - 380 = 15,520 [1]. (c) The statement of financial position gains other payables 300, other receivables 420 and income received in advance 500. [1] Examiner insight: state the direction of each correction in words as well as the figure.

12. (a) 4,100 - 640 = 3,460 relates to 2027. [1] (b) Charge 3,460 + 710 = 4,170 [1]. Debit side: bank 4,100 and balance c/d 710 [1], total 4,810 [1]. Credit side: balance b/d 640 and income statement 4,170 [1].

Examiner insight: the January payment clears last year’s balance, so show that separation of the 640 clearly; it explains why the charge differs from the cash paid.

Where marks are usually lost

• Putting the opening balance on the wrong side of the account.
• Forgetting to bring the closing balance down after totalling.
• Showing the cash paid, rather than the adjusted figure, as the transfer to the income statement.
• Labelling income received in advance as an asset or as income for the year.
• Counting the wrong number of months when the amount is split by time.
• Using the same sign for every adjustment when correcting a draft profit.

Next steps

• Re-read the study guide for any question that went wrong.
• Use the revision notes as a final check.
• Go to the OxfordAQA IGCSE Accounting hub and tick off the printable checklist.
• Take the free diagnostics.
• Book a free trial class.

Frequently asked questions

Where do students usually lose marks on adjustments questions in OxfordAQA 9215? Common losses are putting the opening balance on the wrong side of the account, forgetting to bring the closing balance down, and showing the cash paid rather than the adjusted figure as the transfer to the income statement.

How can I tell which side an opening balance goes on? Decide whether it is an asset or a liability. Assets such as amounts prepaid or income due open on the debit side; liabilities such as amounts owing or income received in advance open on the credit side.

What should I check when an amount is split by time? Count the months used in the year and the months left, and check that they add up to the full period covered. Counting the wrong number of months is a common mistake.

How should I correct a draft profit for several adjustments? Decide for each adjustment whether it increases or decreases profit before adding them up. Using the same sign for every adjustment is a common mistake.

Official syllabus

OxfordAQA International GCSE Accounting (9215) specification, version 1.2, for teaching from September 2024 and exams from May/June 2026, published by OxfordAQA. Subject content section 3.3 (Development of the accounting model), with the related list in section 3.4.