Oxford Cambridge and RSA
End Term Exam
GCSE
Accounting 200 Exam 1 – Comprehensive Study Guide for Top Scores
Time allowed: 1 hour 45 minutes
You must have:
• a ruler (cm/mm)
F
You can use:
• an HB pencil
• a scientific or graphical calculator
* J 2 5 7 0 1 *
Please write clearly in black ink. Do not write in the barcodes.
Centre number Candidate number
First name(s)
INSTRUCTIONS
• Use black ink. You can use an HB pencil, but only for graphs and diagrams.
• Write your answer to each question in the space provided. If you need extra space use the
lined pages at the end of this booklet. The question numbers must be clearly shown.
• Answer all the questions.
• Where appropriate, your answer should be supported with working. Marks might be given
for using a correct method, even if your answer is wrong.
INFORMATION
• The total mark for this paper is 90.
• The marks for each question are shown in brackets [ ].
• This document has 24 pages.
ADVICE
• Read each question carefully before you start your answer.
© OCR 2025/26 [EXAM/T/YD]) 6895596/3
OCR is an exempt Charity
Turn over
, The three types of a business - ✔✔Service Business
Merchandising Business
Manufacturing Business
Business - ✔✔An organization that sells goods or services to customers
The four business forms - ✔✔Proprietorship
Partnership
Corporation
Limited Liability Company
Proprietorship - ✔✔Owned by one individual
Partnership - ✔✔Owned by more than one individual or entity (partners)
Corporation - ✔✔Owned by more than one individual or entity (stockholders)
Limited Liability Company - ✔✔owned by more than one individual or entity (members)
Equation for Net Income - ✔✔Revenues - Expenses
Revenue - ✔✔amount the business earned this period
Expenses - ✔✔costs the business incurred this period in earning revenue
Low-cost emphasis - ✔✔high volume to make a profit
acceptable quality at low cost
Premium-price emphasis - ✔✔don't need high volume to make profit
unique qualities at a premium price
End Term Exam
GCSE
Accounting 200 Exam 1 – Comprehensive Study Guide for Top Scores
Time allowed: 1 hour 45 minutes
You must have:
• a ruler (cm/mm)
F
You can use:
• an HB pencil
• a scientific or graphical calculator
* J 2 5 7 0 1 *
Please write clearly in black ink. Do not write in the barcodes.
Centre number Candidate number
First name(s)
INSTRUCTIONS
• Use black ink. You can use an HB pencil, but only for graphs and diagrams.
• Write your answer to each question in the space provided. If you need extra space use the
lined pages at the end of this booklet. The question numbers must be clearly shown.
• Answer all the questions.
• Where appropriate, your answer should be supported with working. Marks might be given
for using a correct method, even if your answer is wrong.
INFORMATION
• The total mark for this paper is 90.
• The marks for each question are shown in brackets [ ].
• This document has 24 pages.
ADVICE
• Read each question carefully before you start your answer.
© OCR 2025/26 [EXAM/T/YD]) 6895596/3
OCR is an exempt Charity
Turn over
, The three types of a business - ✔✔Service Business
Merchandising Business
Manufacturing Business
Business - ✔✔An organization that sells goods or services to customers
The four business forms - ✔✔Proprietorship
Partnership
Corporation
Limited Liability Company
Proprietorship - ✔✔Owned by one individual
Partnership - ✔✔Owned by more than one individual or entity (partners)
Corporation - ✔✔Owned by more than one individual or entity (stockholders)
Limited Liability Company - ✔✔owned by more than one individual or entity (members)
Equation for Net Income - ✔✔Revenues - Expenses
Revenue - ✔✔amount the business earned this period
Expenses - ✔✔costs the business incurred this period in earning revenue
Low-cost emphasis - ✔✔high volume to make a profit
acceptable quality at low cost
Premium-price emphasis - ✔✔don't need high volume to make profit
unique qualities at a premium price
