Centre Number Candidate Number
Pearson Edexcel International GCSE
Tuesday 03 June 2025
Afternoon (Time: 1 hour 15
minutes)
Paper
referenc
e
4AC1/02R
Accounting
🟐 🟐
Level 1/2
PAPER 2: Financial Statements
You do not need any other materials. Total Marks
Instructions
• Use black ink or ball-point pen.
• Fill in the boxes at the top of this page with your
centre number and candidate number.
•
• Answer
name, all
Answer the questions in the spaces
provided – there may be more space
• questions.
than you need.
Calculators may be used.
Information
• The total mark for this paper is 50.
• The marks for each question are shown in
– use this as a guide as to how much time to spend on each question.
brackets
Advice
• Read each question carefully before you start to answer it.
• Try to answer every
• Check your answers if you have time at the end.
question.
Turn over
, Answer ALL questions. Write your answers in the spaces provided.
1 On 31 December 2024, Jay, a sole trader, provided the following information.
AREA
DO NOT WRITE IN THIS
$
Inventory at 1 January 2024 15 600
Machinery at 1 January 2024
– Cost 75
– Provision for depreciation 500
18
750
Discount allowed 1 328
Discount received 534
General expenses 8 900
Insurance 2 080
AREA
DO NOT WRITE IN THIS
Machinery repairs 1 500
Purchases 69 320
Rent and rates 5 600
Returns inwards 3 214
Revenue 143 200
Wages and salaries 24 560
Additional information at 31 December 2024
• Closing inventory was valued at $12 900
• Machinery is depreciated at 20% per annum on a reducing
AREA
DO NOT WRITE IN THIS
balance basis. There had been no purchases or disposals of
machinery during the year.
• Irrecoverable debts of $850 were to be written off.
• Other receivables for insurance were $250
• Other payables for wages and salaries were $440
Pearson Edexcel International GCSE
Tuesday 03 June 2025
Afternoon (Time: 1 hour 15
minutes)
Paper
referenc
e
4AC1/02R
Accounting
🟐 🟐
Level 1/2
PAPER 2: Financial Statements
You do not need any other materials. Total Marks
Instructions
• Use black ink or ball-point pen.
• Fill in the boxes at the top of this page with your
centre number and candidate number.
•
• Answer
name, all
Answer the questions in the spaces
provided – there may be more space
• questions.
than you need.
Calculators may be used.
Information
• The total mark for this paper is 50.
• The marks for each question are shown in
– use this as a guide as to how much time to spend on each question.
brackets
Advice
• Read each question carefully before you start to answer it.
• Try to answer every
• Check your answers if you have time at the end.
question.
Turn over
, Answer ALL questions. Write your answers in the spaces provided.
1 On 31 December 2024, Jay, a sole trader, provided the following information.
AREA
DO NOT WRITE IN THIS
$
Inventory at 1 January 2024 15 600
Machinery at 1 January 2024
– Cost 75
– Provision for depreciation 500
18
750
Discount allowed 1 328
Discount received 534
General expenses 8 900
Insurance 2 080
AREA
DO NOT WRITE IN THIS
Machinery repairs 1 500
Purchases 69 320
Rent and rates 5 600
Returns inwards 3 214
Revenue 143 200
Wages and salaries 24 560
Additional information at 31 December 2024
• Closing inventory was valued at $12 900
• Machinery is depreciated at 20% per annum on a reducing
AREA
DO NOT WRITE IN THIS
balance basis. There had been no purchases or disposals of
machinery during the year.
• Irrecoverable debts of $850 were to be written off.
• Other receivables for insurance were $250
• Other payables for wages and salaries were $440
