IGCSEAccountingCambridge (CIE)Revision Notes1. The Fundamentals of AccountingTypes of Business & Sources of FinanceTrading, Service & Manufacturing Businesses

Syllabus Edition

First teaching 2025

First exams 2027

Trading, Service & Manufacturing Businesses (Cambridge (CIE) IGCSE Accounting): Revision Note

Exam code: 0452 & 0985

Dan Finlay

Written by: Dan Finlay

Reviewed by: Lucy Kirkham

Updated on

Trading, service & manufacturing businesses

What is a trading business?

  • A trading business buys and sell goods

    • Examples include grocery stores, car dealerships, etc

What is a service business?

  • A service business provides a service

  • The business does not buy or sell goods

    • Examples include insurance company, accountants, travel agents, hairdresser etc

What is a manufacturing business?

  • A manufacturing business produces goods for sale

    • Examples include clothes factory, food factory, etc

Can a business be a combination of these?

  • A business can do a mix of trading, service and manufacturing

    • For example, a sandwich shop might create their own sandwiches but buy crisps and snacks for resale

Which businesses can be trading, service and manufacturing businesses?

  • Any type of business can be a trading, service or manufacturing business

    • For example, a sole trader can be a manufacturing business and a limited company can be a service business

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    Author
    Reviewer
    Dan Finlay

    Author: Dan Finlay

    Expertise: Maths Subject Lead

    Dan graduated from the University of Oxford with a First class degree in mathematics. As well as teaching maths for over 8 years, Dan has marked a range of exams for Edexcel, tutored students and taught A Level Accounting. Dan has a keen interest in statistics and probability and their real-life applications.

    Lucy Kirkham

    Reviewer: Lucy Kirkham

    Expertise: Head of Content Creation

    Lucy has been a passionate Maths teacher for over 12 years, teaching maths across the UK and abroad helping to engage, interest and develop confidence in the subject at all levels.Working as a Head of Department and then Director of Maths, Lucy has advised schools and academy trusts in both Scotland and the East Midlands, where her role was to support and coach teachers to improve Maths teaching for all.