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2024 AQA A-Level ACCOUNTING 7127/2 Paper 2 Accounting for analysis and decision-making Verified Question paper and Marking Scheme Attached

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2024 AQA A-Level ACCOUNTING 7127/2 Paper 2 Accounting for analysis and decision-making Verified Question paper and Marking Scheme Attached A-level ACCOUNTING Paper 2 Accounting for analysis and decision-making Monday 3 June 2024 Materials For this paper you must have: • a calcul...

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  • February 1, 2025
  • 61
  • 2024/2025
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  • 2024 aqa a level accounting 71272 paper 2 account

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  • 2024 AQA A-Level ACCOUNTING 7127
  • 2024 AQA A-Level ACCOUNTING 7127

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2024 AQA A-Level ACCOUNTING 7127/2 Paper 2 Accounting
for analysis and decision-making
Verified Question paper and Marking Scheme Attached

A-level
ACCOUNTING
Paper 2 Accounting for analysis and decision-making


Monday 3 June 2024 Morning Time allowed: 3 hours
Materials
For Examiner’s Use
For this paper you must have:
• a calculator. Section Mark

A
Instructions
• Use black ink or black ball-point pen. B
• Fill in the boxes at the top of this page. C
• Answer all questions. TOTAL
• You must answer the questions in the spaces provided. Do not write
outside the box around each page or on blank pages.
• If you need extra space for your answer(s), use the lined pages at
the end of this book. Write the question number against your answer(s).
• Do all rough work in this answer book. Cross through any work you
do not want to be marked.

Information
• The marks for each question are shown in brackets.
• The maximum mark for this paper is 120.

, 2
Do not write
box the
outside
Section A
Answer all questions in this section.



For multiple-choice questions only one answer per question is allowed.

For each question completely fill in the circle alongside the appropriate answer.

CORRECT METHOD WRONG METHODS


If you want to change your answer you must cross out your original answer as shown.

If you wish to return to an answer previously crossed out, ring the answer you now wish to
select as shown.



0 1 A business buys inventory on credit.

Which book of prime entry is used to record this transaction?
[1 mark]


A Cash book

B General journal

C Purchases journal

D Purchases returns journal



0 2 What is the impact on the statement of financial position of receiving a recovered debt
that had previously been written off as irrecoverable?
[1 mark]


A Decrease capital, decrease current assets

B Decrease capital, increase current assets

C Increase capital, decrease current assets

D Increase capital, increase current assets




IB/M/Jun24/7127/2

, 3
Do not write
outside the
0 3 Which of the following is an advantage of being a sole trader? box

[1 mark]


A They can sell shares to the general public.

B They have full control over decision making.

C They have limited liability.

D They pay corporation tax.



0 4 A business pays royalties on each unit it manufactures.

Which of the following describes the cost of the royalties?
[1 mark]


A Direct and semi-variable

B Direct and variable

C Indirect and semi-variable

D Indirect and variable



0 5 Which of the following is not a fundamental principle of ethical behaviour?
[1 mark]


A Confidentiality

B Consistency

C Integrity

D Objectivity




Turn over ►


IB/M/Jun24/7127/2

, 4
Do not write
outside the
0 6 Product Q has the following costs per unit: box




Materials 4 metres at £2 per metre

Labour 1.5 hours at £12 per hour

Overheads £4 per labour hour


Product Q has a selling price of total cost plus a 10% mark up.

What is the selling price of Product Q?
[1 mark]


A £28.60

B £32.00

C £33.00

D £35.20



0 7 Which is the formula to calculate dividend cover?
[1 mark]

Dividend per share × 100
A
Market price per share



Market price per share × 100
B
Dividend per share



Ordinary share dividends paid
C
Profit after interest and tax



Profit after interest and tax
D
Ordinary share dividends paid




IB/M/Jun24/7127/2

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