Exam (elaborations)

AQA A level ACCOUNTING Paper 1 Financial Accounting FINAL exam MAY 2023

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Module
A-level ACCOUNTING Paper 1

Institution
AQA

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...

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Uploaded on July 16, 2023
Number of pages 43
Written in 2022/2023
Type Exam (elaborations)
Contains Questions & answers

best approved
may 2023
aqa a level accounting
paper1 financial accounting

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ACCOUNTING

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 provided. Do TOTAL
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 purchase box

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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Exam (elaborations)

AQA A level ACCOUNTING Paper 1 Financial Accounting FINAL exam MAY 2023

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