FreeMathWorksheet
FreeMathWorksheet

Timed Practice

TN-ACCT-GR5-89453 · v2.-1

Applying Final Accounts

Grade 5 · Accounting · Final Accounts · OCR

Grade

Grade 5

Subject

Accounting

Topic

Final Accounts

Subtopic

Applying Final Accounts

Curriculum

OCR

Difficulty

Core

Time

20 minutes

Total marks

36

Student name

Teacher name

Date

Learning objectives

  • Recognise applying final accounts accurately in accounting contexts.
  • Explain the underlying rule of applying final accounts in the student's own words.
  • Apply applying final accounts to multi-step and unfamiliar problems.
  • Justify a chosen method and identify errors in another student's work.

Skills assessed

  • Fluency and recall
  • Method and setting out
  • Reasoning and justification
  • Problem solving in context
  • Self-assessment

Instructions

  1. Write your name, your teacher's name and the date in the header.
  2. Answer every question in the space provided. Continue on the back if needed.
  3. Show all working — method marks are awarded even when the final answer is wrong.
  4. Work under exam conditions. You have 20 minutes.
  5. Complete the reflection box at the end before you hand the sheet in.

Warm-up

Bloom: Remember · 3 marks

Answer quickly. These check you are ready for the topic.

  1. 1.State one fact you already know about applying final accounts.

    [1]
  2. 2.Circle one fact you already know about applying final accounts.

    [1]
  3. 3.Write down one fact you already know about applying final accounts.

    [1]

Recall

Bloom: Remember · 3 marks

Complete from memory. No calculator, no notes.

  1. 1.Label the key term used in applying final accounts described here: item 1.

    [1]
  2. 2.List the key term used in applying final accounts described here: item 2.

    [1]
  3. 3.Label the key term used in applying final accounts described here: item 3.

    [1]

FreeMathWorksheet · TN-ACCT-GR5-89453 · v2.-1

© 2026 FreeMathWorksheet. Licensed for classroom and home use. Redistribution or resale is not permitted.

Page 1 of 4

FreeMathWorksheet · Grade 5 Accounting

Applying Final Accounts

Basic Practice

Bloom: Understand · 4 marks

Work through each item. Show the step you used.

  1. 1.Identify part 1 using the rule for applying final accounts.

    [1]
  2. 2.Work out part 2 using the rule for applying final accounts.

    [1]
  3. 3.Complete part 3 using the rule for applying final accounts.

    [1]
  4. 4.Identify part 4 using the rule for applying final accounts.

    [1]

Guided Practice

Bloom: Understand · 6 marks

The first step is given. Finish the reasoning.

  1. 1.Using the first step given, finish part 1. Step 1 has been started for you.

    [2]
  2. 2.Using the first step given, finish part 2. Step 1 has been started for you.

    [2]
  3. 3.Using the first step given, finish part 3. Step 1 has been started for you.

    [2]

FreeMathWorksheet · TN-ACCT-GR5-89453 · v2.-1

© 2026 FreeMathWorksheet. Licensed for classroom and home use. Redistribution or resale is not permitted.

Page 2 of 4

FreeMathWorksheet · Grade 5 Accounting

Applying Final Accounts

Independent Practice

Bloom: Apply · 8 marks

No scaffolding. Set out your full method.

  1. 1.Solve part 1 on applying final accounts without help.

    [2]
  2. 2.Work out fully part 2 on applying final accounts without help.

    [2]
  3. 3.Solve part 3 on applying final accounts without help.

    [2]
  4. 4.Determine part 4 on applying final accounts without help.

    [2]

Challenge Questions

Bloom: Analyse · 6 marks

Harder items. Attempt every one, even partially.

  1. 1.Prove the statement in part 1 about applying final accounts.

    [3]
  2. 2.Find and justify the statement in part 2 about applying final accounts.

    [3]

Real-life Application

Bloom: Apply · 6 marks

Use the skill in context. State units in your answer.

  1. 1.Apply a real accounting situation that depends on applying final accounts.

    [3]
  2. 2.In context, work out a real accounting situation that depends on applying final accounts.

    [3]

FreeMathWorksheet · TN-ACCT-GR5-89453 · v2.-1

© 2026 FreeMathWorksheet. Licensed for classroom and home use. Redistribution or resale is not permitted.

Page 3 of 4

FreeMathWorksheet · Grade 5 Accounting

Applying Final Accounts

Reflection

Bloom: Create · 0 marks

Not marked. Answer honestly — this guides your next worksheet.

  1. 1.Reflect on how confident you feel with applying final accounts and what you will practise next.

    [—]
  2. 2.Reflect on how confident you feel with applying final accounts and what you will practise next.

    [—]

FreeMathWorksheet · TN-ACCT-GR5-89453 · v2.-1

© 2026 FreeMathWorksheet. Licensed for classroom and home use. Redistribution or resale is not permitted.

Page 4 of 4