This book is primarily intended for anyone taking the Caribbean Advance Proficiency Examinations in Accounting Unit 1, Paper 1. It will also be useful for those who are studying for other Multiple Choice Examinations in Financial Accounting at an Intermediate Level. The book contains over 450 questions arranged into eleven chapters, each covering a different section and topic of the Syllabus. The questions are structured to increase your understanding and give you an opportunity to apply the accounting concepts you have learnt. It will also provide valuable familiarity with the type of questions you are likely to encounter in the examination. The book is meant to be used along with a textbook. I recommend the use of the CAPE Accounting Unit One, Study Guide, since the chapter headings are similar to the topical headings in this book. the book will also be useful for revision.