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| Item | Marks | Notes | |------|-------|-------| | Trading account – correct format | 2 | Title, separation from P&L, working | | Sales (less returns) | 1 | Correct net sales | | Opening stock + Purchases | 1 | Plus carriage inwards (if any) | | Less closing stock | 1 | OFR allowed | | Gross profit (balance) | 1 | Must be labelled | | Expenses: | | – Wages (trial balance + accrued) | 2 | 1 for adding accrual | | – Rent (trial balance – prepayment) | 2 | 1 for deducting prepayment | | – Depreciation | 2 | 1 for calculation (£20,000 × 10% = £2,000) | | – Bad debts (write-off) | 1 | P&L debit | | – Provision for doubtful debts | 2 | 1 for calc (5% of net receivables), 1 for adjustment (increase/decrease) | | Net profit | 1 | OFR | | Balance sheet – Non-current assets (cost – depn) | 2 | Separate cost and accumulated depn | | Current assets (stock, receivables less provision, prepayment, bank) | 3 | List correct order | | Current liabilities (payables, accrual) | 1 | | | Capital – opening + net profit – drawings | 2 | OFR | | | 28 | |
Download the blank question paper for June 2017 (Accn2), take the test, then use the mark scheme to audit your performance. You will be shocked at how many marks you can pick up simply by writing your numbers in the correct columns or adding a one-sentence explanation. Ib G Jun17 Accn2 Mark Scheme
This is the most important rule in accounting mark schemes. If you made a mistake in part (a) of a question but carried that number correctly through to part (d), . | Item | Marks | Notes | |------|-------|-------|
| | Avoid if… | |----------------|----------------| | You are a teacher setting a mock from legacy past papers | You are studying the current AQA Accounting (7127) — use the 2020+ mark schemes | | You want extra calculation practice for topics like Partnership accounts or Incomplete records | You need video explanations or model answers — this is just a marking grid | | You are a student doing revision under timed conditions | You expect answers to be written in narrative form — they’re brief bullet points for examiners | If you made a mistake in part (a)