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Subjects · Leaving Cert Accounting

Leaving Cert Accounting: Service firms

How often Service firms comes up on the Accounting papers, every year it was asked, and questions to try.

HL Asked on 4 of the last 10 Higher Level papers, most recently in 2025.

OL Asked on 4 of the last 10 Ordinary Level papers, most recently in 2025.

Service firms, Higher Level(6 marks)

Quick ones on Service firms.

(a)The main income of a service firm is…
  1. Sales of goods
  2. Fees earned
  3. Purchases returns
(b)Hotel room bookings paid in advance at year end are a…
  1. Revenue reserve
  2. Current asset
  3. Current liability
(c)A hotel records room income when…
  1. The guest stays
  2. The deposit is paid
  3. The booking is made
Show the answers

(a) Fees earned

(b) Current liability

(c) The guest stays

Your turn: Higher Level questions on Service firms.

Higher Level

Asked on 4 of the last 10 Higher Level papers, most recently in 2025.

Every paper, year by year

YearWhere it came up
2026Not asked
2025Q4
2024Not asked
2023Q7
2022Not asked
2021Not asked
2019Not asked
2018Q4
2017Q6
2016Not asked

Links open the State Examinations Commission’s paper for that year.

Ordinary Level

Asked on 4 of the last 10 Ordinary Level papers, most recently in 2025.

Every paper, year by year

YearWhere it came up
2026Not asked
2025Q7
2024Not asked
2023Q2
2022Not asked
2021Q7
2019Not asked
2018Q7
2017Not asked
2016Not asked

Links open the State Examinations Commission’s paper for that year.

More Service firms questions

Service firms, 2 marks

Which of these is a service firm?

  1. A clothes shop
  2. A furniture factory
  3. A driving school
Show the answer

A driving school

A driving school sells lessons (a service). A shop sells goods and a factory makes goods.

Service firms, 3 marks

A doctor's practice pays €1,200 insurance, of which €300 is for next year. Insurance expense for this year?

  1. €1,200
  2. €900
  3. €1,500
Show the answer

€900

€1,200 − €300 prepaid = €900. The €300 prepayment is a current asset.

Service firms, 2 marks

A service firm usually has no…

  1. Trading account
  2. Balance sheet
  3. Expenses
Show the answer

Trading account

A service firm, such as a hairdresser or solicitor, sells a service rather than goods, so there is no stock and no gross profit to find.

Other Accounting topics

All of Leaving Cert Accounting