AQA
A-level
ACCOUNTING
Paper 1 Financial Accounting
Friday 26 May 2023 Morning Time allowed: 3 hours
Materials
For this paper you must have:
• a calculator.
Instructions
• Use black ink or black ball-point pen.
• Fill in the boxes at the top of this page.
• Answer all que...
AQA
A-level
ACCOUNTING
Paper 1 Financial Accounting
Friday 26 May 2023 Morning Time allowed: 3 hours
Materials
For Examiner’s Use
For this paper you must have:
a calculator. Sectio Mark
n
Instructions A
Use black ink or black ball-point pen. B
Fill in the boxes at the top of this page.
C
Answer all questions.
You must answer the questions in the spaces TOTAL
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.
*jun237127101*
IB/G/Jun23/E14 7127/1
, 2
Do not write
outside the
Section A box
Answer all questions in this
section.
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 a
0 1 Which stakeholder will not find the schedule of non-current assets useful?
[1 mark]
A Debenture holders
B Existing shareholders
C Local community
D Potential investors
0 2 Which of the following is an example of an
error of principle? [1 mark]
A An invoice for machinery repairs posted to
the machinery cost account.
B An invoice for machinery repairs posted to the rent and rates account.
C A sales invoice not recorded in the sales journal.
D A sales invoice posted to the debit of the sales
account and credit of the bank account.
*02
IB/G/
* Jun23/7127/1
, 3
Do not write
outside the
0 3 Which items would be included on the debit side of the box
purchase ledger control account?
[1 mark]
A Contra entry; discounts allowed; interest charged
B Contra entry; discounts received; purchase returns
C Discounts allowed; payment to suppliers; purchase returns
D Discounts received; interest charged; purchase returns
0 4 Which of the following is an example of capital income?
[1 mark]
A Commission received
B Credit note received for cancellation of maintenance contract
C Credit sales
D Trade in value of machinery used in part exchange
Turn over for the next question
Turn over ►
*03
IB/G/
* Jun23/7127/1
, 4
Do not write
outside the
box
*03
IB/G/
* Jun23/7127/1
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