Please write clearly in block capitals.
Centre number Candidate number
Surname
Forename(s)
Candidate signat ure
I declare this is my own work.
A-level
ACCOUNTING
Paper 1 Financial Accounting
Wednesday 20 May 2025 Afternoon Time allowed: 3 hours
Materials
For this paper you must have: For Examiner’s Use
a calculator. Section Mark
A
Instructions
Use black ink or black ball-point pen. B
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.
IB/G/Jun20/E9 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
as shown.
0 1 Which of the following is the source document to show that a cheque paid to a credit
supplier was dishonoured?
[1 mark]
A Bank statement
B Cash receipt
C Cheque counterfoil
D Paying-in slip counterfoil
0 2 Which of these errors kis krevealed kby ka ktrial kbalance?
[1 kmark]
A Commission
B Compensating
C Original kentry
D Partial komission
IB/G/Jun20/7127/1
, 3
Do not write
outside the
0 3 Which kof kthese kwould kbe kused kto krecord kthe kpurchase kof ka knon-current kasset kon box
kcredit?
[1 kmark]
A Cash kbook
B General kjournal
C Purchases kjournal
D Sales kjournal
0 4 For ka kpartnership kthat kmaintains kseparate kcurrent kand kcapital kaccounts, kwhich kentry
kwould kappear kon kthe kcredit kside kof kthe kcurrent kaccount?
[1 kmark]
A Drawings
B Goodwill
C Interest kon kcapital
D Interest kon kdrawings
0 5 Which kwould kbest kdescribe kthe kcash kreceived kby ka kbusiness kfrom ka kbank kloan?
[1 kmark]
A Capital kexpenditure
B Capital kincome
C Revenue kexpenditure
D Revenue kincome
Turn kover kfor kthe knext kquestion
IB/G/Jun20/7127/1
, 2
Do not write
outside the
Section A Turn kover k► box
IB/G/Jun20/7127/1
Centre number Candidate number
Surname
Forename(s)
Candidate signat ure
I declare this is my own work.
A-level
ACCOUNTING
Paper 1 Financial Accounting
Wednesday 20 May 2025 Afternoon Time allowed: 3 hours
Materials
For this paper you must have: For Examiner’s Use
a calculator. Section Mark
A
Instructions
Use black ink or black ball-point pen. B
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.
IB/G/Jun20/E9 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
as shown.
0 1 Which of the following is the source document to show that a cheque paid to a credit
supplier was dishonoured?
[1 mark]
A Bank statement
B Cash receipt
C Cheque counterfoil
D Paying-in slip counterfoil
0 2 Which of these errors kis krevealed kby ka ktrial kbalance?
[1 kmark]
A Commission
B Compensating
C Original kentry
D Partial komission
IB/G/Jun20/7127/1
, 3
Do not write
outside the
0 3 Which kof kthese kwould kbe kused kto krecord kthe kpurchase kof ka knon-current kasset kon box
kcredit?
[1 kmark]
A Cash kbook
B General kjournal
C Purchases kjournal
D Sales kjournal
0 4 For ka kpartnership kthat kmaintains kseparate kcurrent kand kcapital kaccounts, kwhich kentry
kwould kappear kon kthe kcredit kside kof kthe kcurrent kaccount?
[1 kmark]
A Drawings
B Goodwill
C Interest kon kcapital
D Interest kon kdrawings
0 5 Which kwould kbest kdescribe kthe kcash kreceived kby ka kbusiness kfrom ka kbank kloan?
[1 kmark]
A Capital kexpenditure
B Capital kincome
C Revenue kexpenditure
D Revenue kincome
Turn kover kfor kthe knext kquestion
IB/G/Jun20/7127/1
, 2
Do not write
outside the
Section A Turn kover k► box
IB/G/Jun20/7127/1
