0452_s26_gt — 2026 May-June Accounting 0452 Grade Threshold · Cambridge CAIE IGCSE

Using unacceptable abbreviations in ledger accounts and financial statements

“Candidates used unacceptable abbreviations such as 'Bal b/d', 'P&L', 'SoFP' instead of the full account names required.”— 0452 Paper 2, May/June 2023

How to fix: Write the full account name every time: 'Balance brought down' not 'Bal b/d', 'Income statement' not 'P&L' or 'I/S', 'Statement of financial position' not 'SoFP'. The only acceptable abbreviations are those used in the question itself.

Disposal account wording errors — writing 'asset' instead of the specific asset name

“Disposal accounts frequently contained vague entries such as 'asset' or 'cost' instead of the specific name of the non-current asset being disposed of.”— 0452 Paper 2, May/June 2023

How to fix: In a disposal account, use the exact asset name from the question. Debit side: 'Motor vehicles' (at cost). Credit side: 'Motor vehicles — accumulated depreciation' and 'Bank' (or name of buyer). The profit or loss on disposal goes to 'Income statement'. Never use generic terms like 'asset' or 'cost'.

Club subscriptions account — opening balances placed on the wrong side

“Opening balances for subscriptions owing and subscriptions in advance were frequently placed on the wrong side of the subscriptions account.”— 0452 Paper 2, May/June 2023

How to fix: Opening subscriptions OWING (receivable) = DEBIT balance brought down — members owe the club money. Opening subscriptions IN ADVANCE (prepaid) = CREDIT balance brought down — the club owes members a future service. Think about who owes whom at the start of the year.