Oxford Cambridge and RSA
End Term Exam
GCSE
Accounting 200 Exam 1 – Expert-Crafted Q&A Set for Exam Excellence
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
, service business - ✔✔provides services to customers
merchandising business - ✔✔Buys finished goods and sells them to customers
manufacturing business - ✔✔make the products they sell
sole proprietor - ✔✔A business owned by one person. All profits and losses go to owner but vulnerable to unlimited
liability
partnership - ✔✔At least 2 owners and agreements are put in place regarding profit sharing and liability
Corportation - ✔✔One or more owners and Owners are called stockholders who can Loss up to investment only not
personal assets.
Can be Public or Private
External stakeholders/capital market stakeholders - ✔✔Lenders/Creditors: Lend money to the business (want it back w/
interest)
Owners/Stockholders: Invest money in the business (want a return)
Product/Service Market stakeholders - ✔✔suppliers, consumers, and government stakeholders who collect taxes
internal stakeholders - ✔✔Business Managers and Employees: Operate the business
Why accounting is the language pdf business? - ✔✔Provides information to both external and internal stakeholders so
they can Evaluate the results of operations, financial position and Evaluate the company's future prospects.
Financial Accounting - ✔✔provides information to external stakeholders for decision making
Managerial Accounting - ✔✔provides info to internal stakeholders
Managers - strategy
Employees - employment/bonuses
End Term Exam
GCSE
Accounting 200 Exam 1 – Expert-Crafted Q&A Set for Exam Excellence
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
, service business - ✔✔provides services to customers
merchandising business - ✔✔Buys finished goods and sells them to customers
manufacturing business - ✔✔make the products they sell
sole proprietor - ✔✔A business owned by one person. All profits and losses go to owner but vulnerable to unlimited
liability
partnership - ✔✔At least 2 owners and agreements are put in place regarding profit sharing and liability
Corportation - ✔✔One or more owners and Owners are called stockholders who can Loss up to investment only not
personal assets.
Can be Public or Private
External stakeholders/capital market stakeholders - ✔✔Lenders/Creditors: Lend money to the business (want it back w/
interest)
Owners/Stockholders: Invest money in the business (want a return)
Product/Service Market stakeholders - ✔✔suppliers, consumers, and government stakeholders who collect taxes
internal stakeholders - ✔✔Business Managers and Employees: Operate the business
Why accounting is the language pdf business? - ✔✔Provides information to both external and internal stakeholders so
they can Evaluate the results of operations, financial position and Evaluate the company's future prospects.
Financial Accounting - ✔✔provides information to external stakeholders for decision making
Managerial Accounting - ✔✔provides info to internal stakeholders
Managers - strategy
Employees - employment/bonuses
