Cambridge International AS & A Level Cambridge International AS & A Level
ACCOUNTING 9706/12 FURTHER MATHEMATICS 9231/12
Paper 1 Multiple Choice May/June 2026 Paper 1 Further Pure Mathematics 1 May/June 2026
1 hour MARK SCHEME
Maximum Mark: 75
You must answer on the multiple choice answer sheet.
You will need: Multiple choice answer sheet
*
Soft clean eraser
Published
Soft pencil (type B or HB is recommended)
INSTRUCTIONS
• There are thirty questions on this paper. Answer all questions. This mark scheme contains the instructions and marking guidance that our examiners used to mark
*
• For each question there are four possible answers A, B, C and D. Choose the one you consider correct candidate responses for this component.
and record your choice in soft pencil on the multiple choice answer sheet.
• Follow the instructions on the multiple choice answer sheet. Before they start marking, examiners complete a standardisation process. They review a range of candidate
• Write in soft pencil. responses and discuss the mark scheme in detail to agree which answers can and cannot be accepted.
• Write your name, centre number and candidate number on the multiple choice answer sheet in the Examiners award marks where it is clear that candidate responses have met the requirements of the mark
spaces provided unless this has been done for you. scheme. These requirements may vary between different components or different versions of the same
component, depending on the exact requirements of the question and the candidate responses seen during
• Do not use correction fluid or tape. the standardisation process.
• Do not write on any bar codes.
• You may use a calculator. Sometimes, our mark schemes may allow marks to be awarded to responses which contain elements that
are factually incorrect or for content not covered by the syllabus. We do this in response to the demands of a
specific question to support candidates and make sure that our assessments are fair. However, these
INFORMATION allowances should not be used as a guide for teaching and learning.
• The total mark for this paper is 30.
• Each correct answer will score one mark. We cannot discuss the mark scheme with schools, and we recommend that schools read the mark scheme
together with the assessment material and the Principal Examiner Report for Teachers.
• Any rough working should be done on this question paper.
This document has 12 pages. Any blank pages are indicated.
06_9706_12_2026_1.16 This document consists of 23 printed pages.
Cambridge University Press & Assessment 2026 [Turn over
Cambridge University Press & Assessment 2026 [Turn over
, 2 9231/12 Cambridge International AS & A Level – Mark Scheme May/June 2026
PUBLISHED
General marking principles
1 What are advantages to a business of operating as a limited company?
All examiners must apply these marking principles when marking candidate responses.
1 no requirement to publish financial statements
2 payment of dividends on shares is discretionary 1 Examiners must award marks for each response in line with:
3 separate legal identity • the specific content defined in the mark scheme
4 unlimited liability for the debts of the business • the specific skills defined in the mark scheme or in the level descriptions
• the standard of response required as exemplified by the standardisation scripts.
A 1 and 2 B 1 and 4 C 2 and 3 D 2 and 4
2 Examiners must award whole marks (not half marks, or other fractions).
3 Examiners must award marks positively. This means that:
2 Inventory is valued at the lower of cost and net realisable value.
• marks are not deducted for errors or omissions
Which accounting principle is being applied?
• marks are awarded for correct/valid answers as defined in the mark scheme and also for other valid answers which go beyond the scope of the
syllabus and mark scheme referring to your team leader as appropriate
A going concern
• the quality of spelling, punctuation and grammar are judged only when the mark scheme indicates that these features are specifically assessed in the
B matching question. However, the meaning of all responses must be unambiguous.
C materiality 4 Examiners must consistently apply the requirements of the mark scheme and any rules for what to do when candidates have not followed instructions
correctly.
D prudence
5 Examiners must use the full range of marks defined in the mark scheme, unless limited by the quality of the candidate responses seen.
3 The trial balance of a sole trader contained an entry for gross profit. 6 Examiners must award marks according to the mark scheme and must not award marks with grade thresholds or grade descriptions in mind.
Which account balances were also included in the trial balance?
A closing capital and closing inventory
B closing capital and opening inventory
C opening capital and closing inventory
D opening capital and opening inventory
4 A company purchased a delivery van for $20 000 at the start of a financial period. Other costs
relating to the van paid during the period are shown:
Cambridge University Press & Assessment 2026 Page 2 of 23
$
insurance
painting the van with the company logo
repairs and servicing
fuel 0
Which amount is the revenue expenditure relating to the van for the financial period?
A $4000 B $14 000 C $19 000 D $25 000
Cambridge University Press & Assessment 2026 06_9706_12_2026_1.16
, 3 9231/12 Cambridge International AS & A Level – Mark Scheme May/June 2026
PUBLISHED
Mathematics-Specific Marking Principles
5 An existing motor vehicle was part exchanged for a new motor vehicle.
1 Unless a particular method has been specified in the question, full marks may be awarded for any correct method. However, if a calculation is required
Which entries record the part exchange? then no marks will be awarded for a scale drawing.
account debited account credited 2 Unless specified in the question, non-integer answers may be given as fractions, decimals or in standard form. Ignore superfluous zeros, provided that the
degree of accuracy is not affected.
A cash motor vehicles at cost 3 Allow alternative conventions for notation if used consistently throughout the paper, e.g. commas being used as decimal points.
B disposal motor vehicles at cost
4 Unless otherwise indicated, marks once gained cannot subsequently be lost, e.g. wrong working following a correct form of answer is ignored (isw).
C motor vehicles at cost cash
5 Where a candidate has misread a number or sign in the question and used that value consistently throughout, provided that number does not alter the
D motor vehicles at cost disposal difficulty or the method required, award all marks earned and deduct just 1 A or B mark for the misread.
6 Recovery within working is allowed, e.g. a notation error in the working where the following line of working makes the candidate’s intent clear.
6 A business acquired a non-current asset for $25 000 at the start of a year. It was decided to
depreciate the asset using the straight-line method, assuming a life of four years and a residual
value of $5000.
The non-current asset was sold at the end of the same year.
The $15 000 cash received from the sale was added to sales revenue in the statement of profit or
loss. No account was taken of the profit or loss on disposal of the non-current asset.
The profit for the year shown on the statement of profit or loss was $65 000.
What is the corrected profit for the year?
A $45 000 B $50 000 C $55 000 D $60 000
7 What are benefits of using verification and reconciliation procedures?
1 checks on the arithmetical accuracy of accounting records
2 elimination of the risk of fraud
3 prevention of errors in the books of account
Cambridge University Press & Assessment 2026 Page 3 of 23
4 provision of information for management
A 1 and 2 B 1 and 4 C 2 and 3 D 2 and 4
Cambridge University Press & Assessment 2026 06_9706_12_2026_1.16 [Turn over
ACCOUNTING 9706/12 FURTHER MATHEMATICS 9231/12
Paper 1 Multiple Choice May/June 2026 Paper 1 Further Pure Mathematics 1 May/June 2026
1 hour MARK SCHEME
Maximum Mark: 75
You must answer on the multiple choice answer sheet.
You will need: Multiple choice answer sheet
*
Soft clean eraser
Published
Soft pencil (type B or HB is recommended)
INSTRUCTIONS
• There are thirty questions on this paper. Answer all questions. This mark scheme contains the instructions and marking guidance that our examiners used to mark
*
• For each question there are four possible answers A, B, C and D. Choose the one you consider correct candidate responses for this component.
and record your choice in soft pencil on the multiple choice answer sheet.
• Follow the instructions on the multiple choice answer sheet. Before they start marking, examiners complete a standardisation process. They review a range of candidate
• Write in soft pencil. responses and discuss the mark scheme in detail to agree which answers can and cannot be accepted.
• Write your name, centre number and candidate number on the multiple choice answer sheet in the Examiners award marks where it is clear that candidate responses have met the requirements of the mark
spaces provided unless this has been done for you. scheme. These requirements may vary between different components or different versions of the same
component, depending on the exact requirements of the question and the candidate responses seen during
• Do not use correction fluid or tape. the standardisation process.
• Do not write on any bar codes.
• You may use a calculator. Sometimes, our mark schemes may allow marks to be awarded to responses which contain elements that
are factually incorrect or for content not covered by the syllabus. We do this in response to the demands of a
specific question to support candidates and make sure that our assessments are fair. However, these
INFORMATION allowances should not be used as a guide for teaching and learning.
• The total mark for this paper is 30.
• Each correct answer will score one mark. We cannot discuss the mark scheme with schools, and we recommend that schools read the mark scheme
together with the assessment material and the Principal Examiner Report for Teachers.
• Any rough working should be done on this question paper.
This document has 12 pages. Any blank pages are indicated.
06_9706_12_2026_1.16 This document consists of 23 printed pages.
Cambridge University Press & Assessment 2026 [Turn over
Cambridge University Press & Assessment 2026 [Turn over
, 2 9231/12 Cambridge International AS & A Level – Mark Scheme May/June 2026
PUBLISHED
General marking principles
1 What are advantages to a business of operating as a limited company?
All examiners must apply these marking principles when marking candidate responses.
1 no requirement to publish financial statements
2 payment of dividends on shares is discretionary 1 Examiners must award marks for each response in line with:
3 separate legal identity • the specific content defined in the mark scheme
4 unlimited liability for the debts of the business • the specific skills defined in the mark scheme or in the level descriptions
• the standard of response required as exemplified by the standardisation scripts.
A 1 and 2 B 1 and 4 C 2 and 3 D 2 and 4
2 Examiners must award whole marks (not half marks, or other fractions).
3 Examiners must award marks positively. This means that:
2 Inventory is valued at the lower of cost and net realisable value.
• marks are not deducted for errors or omissions
Which accounting principle is being applied?
• marks are awarded for correct/valid answers as defined in the mark scheme and also for other valid answers which go beyond the scope of the
syllabus and mark scheme referring to your team leader as appropriate
A going concern
• the quality of spelling, punctuation and grammar are judged only when the mark scheme indicates that these features are specifically assessed in the
B matching question. However, the meaning of all responses must be unambiguous.
C materiality 4 Examiners must consistently apply the requirements of the mark scheme and any rules for what to do when candidates have not followed instructions
correctly.
D prudence
5 Examiners must use the full range of marks defined in the mark scheme, unless limited by the quality of the candidate responses seen.
3 The trial balance of a sole trader contained an entry for gross profit. 6 Examiners must award marks according to the mark scheme and must not award marks with grade thresholds or grade descriptions in mind.
Which account balances were also included in the trial balance?
A closing capital and closing inventory
B closing capital and opening inventory
C opening capital and closing inventory
D opening capital and opening inventory
4 A company purchased a delivery van for $20 000 at the start of a financial period. Other costs
relating to the van paid during the period are shown:
Cambridge University Press & Assessment 2026 Page 2 of 23
$
insurance
painting the van with the company logo
repairs and servicing
fuel 0
Which amount is the revenue expenditure relating to the van for the financial period?
A $4000 B $14 000 C $19 000 D $25 000
Cambridge University Press & Assessment 2026 06_9706_12_2026_1.16
, 3 9231/12 Cambridge International AS & A Level – Mark Scheme May/June 2026
PUBLISHED
Mathematics-Specific Marking Principles
5 An existing motor vehicle was part exchanged for a new motor vehicle.
1 Unless a particular method has been specified in the question, full marks may be awarded for any correct method. However, if a calculation is required
Which entries record the part exchange? then no marks will be awarded for a scale drawing.
account debited account credited 2 Unless specified in the question, non-integer answers may be given as fractions, decimals or in standard form. Ignore superfluous zeros, provided that the
degree of accuracy is not affected.
A cash motor vehicles at cost 3 Allow alternative conventions for notation if used consistently throughout the paper, e.g. commas being used as decimal points.
B disposal motor vehicles at cost
4 Unless otherwise indicated, marks once gained cannot subsequently be lost, e.g. wrong working following a correct form of answer is ignored (isw).
C motor vehicles at cost cash
5 Where a candidate has misread a number or sign in the question and used that value consistently throughout, provided that number does not alter the
D motor vehicles at cost disposal difficulty or the method required, award all marks earned and deduct just 1 A or B mark for the misread.
6 Recovery within working is allowed, e.g. a notation error in the working where the following line of working makes the candidate’s intent clear.
6 A business acquired a non-current asset for $25 000 at the start of a year. It was decided to
depreciate the asset using the straight-line method, assuming a life of four years and a residual
value of $5000.
The non-current asset was sold at the end of the same year.
The $15 000 cash received from the sale was added to sales revenue in the statement of profit or
loss. No account was taken of the profit or loss on disposal of the non-current asset.
The profit for the year shown on the statement of profit or loss was $65 000.
What is the corrected profit for the year?
A $45 000 B $50 000 C $55 000 D $60 000
7 What are benefits of using verification and reconciliation procedures?
1 checks on the arithmetical accuracy of accounting records
2 elimination of the risk of fraud
3 prevention of errors in the books of account
Cambridge University Press & Assessment 2026 Page 3 of 23
4 provision of information for management
A 1 and 2 B 1 and 4 C 2 and 3 D 2 and 4
Cambridge University Press & Assessment 2026 06_9706_12_2026_1.16 [Turn over
