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Cambridge IGCSE Accounting

1.1The purpose of accounting

The purpose of accounting in Cambridge IGCSE Accounting: what the syllabus expects you to know, the learning objectives and how to practise.
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Learning objectives

What the syllabus expects you to be able to do.

  1. 1.1.1Distinguish book-keeping from accounting.
  2. 1.1.2Explain why businesses measure profit and loss and how accounting information supports monitoring and decision-making.

Lessons

  • Why businesses keep accounting records

    22 min

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Sample question

A sample question on this topic. Answer it, check it, then read the worked answer.

The purpose of accounting: sample question

1 mark

Sipho counts the cash in his tuck shop every evening and compares it with the cash sales recorded that day. Which purpose of keeping records does this serve?

Choose one answer

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