Please write clearly in block capitals.
Centre number Candidate number
Surname
Forename(s)
Candidate signature
I declare this is my own work.
A-level
ACCOUNTING
Paper 2 Accounting for analysis and decision-making
st
be
Monday 3 June 2024 Morning Time allowed: 3 hours
he
Materials
For Examiner’s Use
For this paper you must have:
• a calculator. Section Mark
lt
A
Instructions
• Use black ink or black ball-point pen. B
•
al
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.
*jun247127201*
IB/M/Jun24/G4004/V5 7127/2
, 2
Do not write
outside the
Section A box
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.
st
Which book of prime entry is used to record this transaction?
be [1 mark]
A Cash book
B General journal
Purchases journal
he
C
D Purchases returns journal
lt
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?
al
[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
*02*
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
st
B Direct and variable
be
C Indirect and semi-variable
D Indirect and variable
he
0 5 Which of the following is not a fundamental principle of ethical behaviour?
[1 mark]
lt
A Confidentiality
al
B Consistency
C Integrity
D Objectivity
Turn over ►
*03*
IB/M/Jun24/7127/2
, 4
Do not write
outside the
0 6 box
Product Q has the following costs per unit:
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
st
D £35.20
be
0 7 Which is the formula to calculate dividend cover?
[1 mark]
he
Dividend per share
A × 100
Market price per share
lt
Market price per share
B × 100
Dividend per share
al
Ordinary share dividends paid
C
Profit after interest and tax
Profit after interest and tax
D
Ordinary share dividends paid
*04*
IB/M/Jun24/7127/2
Centre number Candidate number
Surname
Forename(s)
Candidate signature
I declare this is my own work.
A-level
ACCOUNTING
Paper 2 Accounting for analysis and decision-making
st
be
Monday 3 June 2024 Morning Time allowed: 3 hours
he
Materials
For Examiner’s Use
For this paper you must have:
• a calculator. Section Mark
lt
A
Instructions
• Use black ink or black ball-point pen. B
•
al
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.
*jun247127201*
IB/M/Jun24/G4004/V5 7127/2
, 2
Do not write
outside the
Section A box
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.
st
Which book of prime entry is used to record this transaction?
be [1 mark]
A Cash book
B General journal
Purchases journal
he
C
D Purchases returns journal
lt
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?
al
[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
*02*
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
st
B Direct and variable
be
C Indirect and semi-variable
D Indirect and variable
he
0 5 Which of the following is not a fundamental principle of ethical behaviour?
[1 mark]
lt
A Confidentiality
al
B Consistency
C Integrity
D Objectivity
Turn over ►
*03*
IB/M/Jun24/7127/2
, 4
Do not write
outside the
0 6 box
Product Q has the following costs per unit:
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
st
D £35.20
be
0 7 Which is the formula to calculate dividend cover?
[1 mark]
he
Dividend per share
A × 100
Market price per share
lt
Market price per share
B × 100
Dividend per share
al
Ordinary share dividends paid
C
Profit after interest and tax
Profit after interest and tax
D
Ordinary share dividends paid
*04*
IB/M/Jun24/7127/2
