A-level
ACCOUNTING
7127/1
Paper 1 Financial Accounting
Mark scheme
June 2025
Version: 1.0 Final
, MARK SCHEME – A-LEVEL ACCOUNTING – 7127/1 – JUNE 2019
Mark schemes are prepared by the Lead Assessment Writer and considered, together with the relevant
questions, by a panel of subject teachers. This mark scheme includes any amendments made at the
standardisation events which all associates participate in and is the scheme which was used by them in
this examination. The standardisation process ensures that the mark scheme covers the students’
responses to questions and that every associate understands and applies it in the same correct way.
As preparation for standardisation each associate analyses a number of students’ scripts. Alternative
answers not already covered by hthe hmark hscheme hare hdiscussed hand hlegislated hfor. h If, hafter hthe
hstandardisation hprocess, hassociates hencounter hunusual hanswers hwhich hhave hnot hbeen hraised
hthey hare hrequired hto hrefer hthese hto hthe hLead hExaminer.
It hmust hbe hstressed hthat ha hmark hscheme his ha hworking hdocument, hin hmany hcases hfurther
hdeveloped hand hexpanded hon hthe hbasis hof hstudents’ hreactions hto ha hparticular hpaper.
h Assumptions habout hfuture hmark hschemes hon hthe hbasis hof hone hyear’s hdocument hshould hbe
havoided; hwhilst hthe hguiding hprinciples hof hassessment hremain hconstant, hdetails hwill hchange,
hdepending hon hthe hcontent hof ha hparticular hexamination hpaper.
Further hcopies hof hthis hmark hscheme hare havailable hfrom haqa.org.uk
Copyright h© h2019 hAQA hand hits hlicensors. h All hrights hreserved.
AQA hretains hthe hcopyright hon hall hits hpublications. h However, hregistered hschools/colleges hfor hAQA hare hpermitted hto hcopy
hmaterial hfrom hthis hbooklet hfor htheir hown hinternal huse, hwith hthe hfollowing himportant hexception: hAQA hcannot hgive hpermission
hto hschools/colleges hto hphotocopy hany hmaterial hthat his hacknowledged hto ha hthird hparty heven hfor hinternal huse hwithin hthe
2
, MARK SCHEME – A-LEVEL ACCOUNTING – 7127/1 – JUNE 2019
hcentre.
3
, MARK SCHEME – A-LEVEL ACCOUNTING – 7127/1 – JUNE 2019
Level hof hresponse hmarking hinstructions
Level hof hresponse hmark hschemes hare hbroken hdown hinto hlevels, heach hof hwhich hhas ha
hdescriptor. hThe hdescriptor hfor hthe hlevel hshows hthe haverage hperformance hfor hthe hlevel. hThere
hare hmarks hin heach hlevel.
Before hyou happly hthe hmark hscheme hto ha hstudent’s hanswer hread hthrough hthe hanswer hand
hannotate hit h(as hinstructed) hto hshow hthe hqualities hthat hare hbeing hlooked hfor. hYou hcan hthen
happly hthe hmark hscheme.
Step h1 hDetermine ha hlevel
Start hat hthe hlowest hlevel hof hthe hmark hscheme hand huse hit has ha hladder hto hsee hwhether hthe
hanswer hmeets hthe hdescriptor hfor hthat hlevel. hThe hdescriptor hfor hthe hlevel hindicates hthe hdifferent
hqualities hthat hmight hbe hseen hin hthe hstudent’s hanswer hfor hthat hlevel. hIf hit hmeets hthe hlowest hlevel
hthen hgo hto hthe hnext hone hand hdecide hif hit hmeets hthis hlevel, hand hso hon, huntil hyou hhave ha
hmatch hbetween hthe hlevel hdescriptor hand hthe hanswer. hWith hpractice hand hfamiliarity hyou hwill hfind
hthat hfor hbetter hanswers hyou hwill hbe hable hto hquickly hskip hthrough hthe hlower hlevels hof hthe hmark
hscheme.
When hassigning ha hlevel hyou hshould hlook hat hthe hoverall hquality hof hthe hanswer hand hnot hlook hto
hpick hholes hin hsmall hand hspecific hparts hof hthe hanswer hwhere hthe hstudent hhas hnot hperformed
hquite has hwell has hthe hrest. hIf hthe hanswer hcovers hdifferent haspects hof hdifferent hlevels hof hthe
hmark hscheme hyou hshould huse ha hbest hfit happroach hfor hdefining hthe hlevel hand hthen huse hthe
hvariability hof hthe hresponse hto hhelp hdecide hthe hmark hwithin hthe hlevel, hi.e. hif hthe hresponse his
hpredominantly hlevel h3 hwith ha hsmall hamount hof hlevel h4 hmaterial hit hwould hbe hplaced hin hlevel h3
hbut hbe hawarded ha hmark hnear hthe htop hof hthe hlevel hbecause hof hthe hlevel h4 hcontent.
Step h2 hDetermine ha hmark
Once hyou hhave hassigned ha hlevel hyou hneed hto hdecide hon hthe hmark. hThe hdescriptors hon hhow hto
hallocate hmarks hcan hhelp hwith hthis. hThe hexemplar hmaterials hused hduring hstandardisation hwill
hhelp. hThere hwill hbe han hanswer hin hthe hstandardising hmaterials hwhich hwill hcorrespond hwith heach
hlevel hof hthe hmark hscheme. hThis hanswer hwill hhave hbeen hawarded ha hmark hby hthe hLead
hExaminer. hYou hcan hcompare hthe hstudent’s hanswer hwith hthe hexample hto hdetermine hif hit his hthe
hsame hstandard, hbetter hor hworse hthan hthe hexample. hYou hcan hthen huse hthis hto hallocate ha hmark
hfor hthe hanswer hbased hon hthe hLead hExaminer’s hmark hon hthe hexample.
You hmay hwell hneed hto hread hback hthrough hthe hanswer has hyou happly hthe hmark hscheme hto hclarify
hpoints hand hassure hyourself hthat hthe hlevel hand hthe hmark hare happropriate.
Indicative hcontent hin hthe hmark hscheme his hprovided has ha hguide hfor hexaminers. hIt his hnot hintended
hto hbe hexhaustive hand hyou hmust hcredit hother hvalid hpoints. hStudents hdo hnot hhave hto hcover hall hof
hthe hpoints hmentioned hin hthe hIndicative hcontent hto hreach hthe hhighest hlevel hof hthe hmark hscheme.
An hanswer hwhich hcontains hnothing hof hrelevance hto hthe hquestion hmust hbe hawarded hno hmarks.
Marking hguidance hquestion h11
This hquestion his honly htesting hAssessment hObjective h1.
You hshould happly hthe hlevel hof hresponse hmark hscheme hto hthe hexplanation.
Read hthe hexplanation has ha hwhole hand hdecide hif hit his hclear, hpartial, hfragmented hor hnothing hworthy hof
4
ACCOUNTING
7127/1
Paper 1 Financial Accounting
Mark scheme
June 2025
Version: 1.0 Final
, MARK SCHEME – A-LEVEL ACCOUNTING – 7127/1 – JUNE 2019
Mark schemes are prepared by the Lead Assessment Writer and considered, together with the relevant
questions, by a panel of subject teachers. This mark scheme includes any amendments made at the
standardisation events which all associates participate in and is the scheme which was used by them in
this examination. The standardisation process ensures that the mark scheme covers the students’
responses to questions and that every associate understands and applies it in the same correct way.
As preparation for standardisation each associate analyses a number of students’ scripts. Alternative
answers not already covered by hthe hmark hscheme hare hdiscussed hand hlegislated hfor. h If, hafter hthe
hstandardisation hprocess, hassociates hencounter hunusual hanswers hwhich hhave hnot hbeen hraised
hthey hare hrequired hto hrefer hthese hto hthe hLead hExaminer.
It hmust hbe hstressed hthat ha hmark hscheme his ha hworking hdocument, hin hmany hcases hfurther
hdeveloped hand hexpanded hon hthe hbasis hof hstudents’ hreactions hto ha hparticular hpaper.
h Assumptions habout hfuture hmark hschemes hon hthe hbasis hof hone hyear’s hdocument hshould hbe
havoided; hwhilst hthe hguiding hprinciples hof hassessment hremain hconstant, hdetails hwill hchange,
hdepending hon hthe hcontent hof ha hparticular hexamination hpaper.
Further hcopies hof hthis hmark hscheme hare havailable hfrom haqa.org.uk
Copyright h© h2019 hAQA hand hits hlicensors. h All hrights hreserved.
AQA hretains hthe hcopyright hon hall hits hpublications. h However, hregistered hschools/colleges hfor hAQA hare hpermitted hto hcopy
hmaterial hfrom hthis hbooklet hfor htheir hown hinternal huse, hwith hthe hfollowing himportant hexception: hAQA hcannot hgive hpermission
hto hschools/colleges hto hphotocopy hany hmaterial hthat his hacknowledged hto ha hthird hparty heven hfor hinternal huse hwithin hthe
2
, MARK SCHEME – A-LEVEL ACCOUNTING – 7127/1 – JUNE 2019
hcentre.
3
, MARK SCHEME – A-LEVEL ACCOUNTING – 7127/1 – JUNE 2019
Level hof hresponse hmarking hinstructions
Level hof hresponse hmark hschemes hare hbroken hdown hinto hlevels, heach hof hwhich hhas ha
hdescriptor. hThe hdescriptor hfor hthe hlevel hshows hthe haverage hperformance hfor hthe hlevel. hThere
hare hmarks hin heach hlevel.
Before hyou happly hthe hmark hscheme hto ha hstudent’s hanswer hread hthrough hthe hanswer hand
hannotate hit h(as hinstructed) hto hshow hthe hqualities hthat hare hbeing hlooked hfor. hYou hcan hthen
happly hthe hmark hscheme.
Step h1 hDetermine ha hlevel
Start hat hthe hlowest hlevel hof hthe hmark hscheme hand huse hit has ha hladder hto hsee hwhether hthe
hanswer hmeets hthe hdescriptor hfor hthat hlevel. hThe hdescriptor hfor hthe hlevel hindicates hthe hdifferent
hqualities hthat hmight hbe hseen hin hthe hstudent’s hanswer hfor hthat hlevel. hIf hit hmeets hthe hlowest hlevel
hthen hgo hto hthe hnext hone hand hdecide hif hit hmeets hthis hlevel, hand hso hon, huntil hyou hhave ha
hmatch hbetween hthe hlevel hdescriptor hand hthe hanswer. hWith hpractice hand hfamiliarity hyou hwill hfind
hthat hfor hbetter hanswers hyou hwill hbe hable hto hquickly hskip hthrough hthe hlower hlevels hof hthe hmark
hscheme.
When hassigning ha hlevel hyou hshould hlook hat hthe hoverall hquality hof hthe hanswer hand hnot hlook hto
hpick hholes hin hsmall hand hspecific hparts hof hthe hanswer hwhere hthe hstudent hhas hnot hperformed
hquite has hwell has hthe hrest. hIf hthe hanswer hcovers hdifferent haspects hof hdifferent hlevels hof hthe
hmark hscheme hyou hshould huse ha hbest hfit happroach hfor hdefining hthe hlevel hand hthen huse hthe
hvariability hof hthe hresponse hto hhelp hdecide hthe hmark hwithin hthe hlevel, hi.e. hif hthe hresponse his
hpredominantly hlevel h3 hwith ha hsmall hamount hof hlevel h4 hmaterial hit hwould hbe hplaced hin hlevel h3
hbut hbe hawarded ha hmark hnear hthe htop hof hthe hlevel hbecause hof hthe hlevel h4 hcontent.
Step h2 hDetermine ha hmark
Once hyou hhave hassigned ha hlevel hyou hneed hto hdecide hon hthe hmark. hThe hdescriptors hon hhow hto
hallocate hmarks hcan hhelp hwith hthis. hThe hexemplar hmaterials hused hduring hstandardisation hwill
hhelp. hThere hwill hbe han hanswer hin hthe hstandardising hmaterials hwhich hwill hcorrespond hwith heach
hlevel hof hthe hmark hscheme. hThis hanswer hwill hhave hbeen hawarded ha hmark hby hthe hLead
hExaminer. hYou hcan hcompare hthe hstudent’s hanswer hwith hthe hexample hto hdetermine hif hit his hthe
hsame hstandard, hbetter hor hworse hthan hthe hexample. hYou hcan hthen huse hthis hto hallocate ha hmark
hfor hthe hanswer hbased hon hthe hLead hExaminer’s hmark hon hthe hexample.
You hmay hwell hneed hto hread hback hthrough hthe hanswer has hyou happly hthe hmark hscheme hto hclarify
hpoints hand hassure hyourself hthat hthe hlevel hand hthe hmark hare happropriate.
Indicative hcontent hin hthe hmark hscheme his hprovided has ha hguide hfor hexaminers. hIt his hnot hintended
hto hbe hexhaustive hand hyou hmust hcredit hother hvalid hpoints. hStudents hdo hnot hhave hto hcover hall hof
hthe hpoints hmentioned hin hthe hIndicative hcontent hto hreach hthe hhighest hlevel hof hthe hmark hscheme.
An hanswer hwhich hcontains hnothing hof hrelevance hto hthe hquestion hmust hbe hawarded hno hmarks.
Marking hguidance hquestion h11
This hquestion his honly htesting hAssessment hObjective h1.
You hshould happly hthe hlevel hof hresponse hmark hscheme hto hthe hexplanation.
Read hthe hexplanation has ha hwhole hand hdecide hif hit his hclear, hpartial, hfragmented hor hnothing hworthy hof
4
