Pearson Edexcel International Advanced Level
Tuesday 5 May 2026
WAC11/01A
Paper
Morning (Time: 3 hours)
reference
Accounting
International Advanced Subsidiary
UNIT 1: The Accounting System and Costing
Question Paper
Mark Scheme
You must have: (Results)
Source Booklet and Answer Book (sent separately).
Summer 2026
Pearson Edexcel International Advanced Level in Accounting
WAC11/01A
Unit 1: The Accounting System and Costing
Turn over
P87882APearson Education Ltd.
P:1/1/1/1
*P87882A*
, SECTION A
Answer BOTH questions in this section. Edexcel and BTEC Qualifications
Source material for Question 1 is on pages 2 and 3 of the Source Booklet.
1 (a) Prepare the Statement of Profit or Loss and Other Comprehensive Income for the
year ended 30 April 2026. Edexcel and BTEC qualifications are awarded by Pearson, the UK’s
(22) largest awarding body. We provide a wide range of qualifications
(b) Prepare the Statement of Financial Position at 30 April 2026. including academic, vocational, occupational and specific
(21) programmes for employers. For further information visit our
Solar-lec has, for the last five years, purchased its solar panels from an established qualifications websites at or .
overseas supplier who charges £120 per panel plus £10 per panel carriage. Solar-lec Alternatively, you can get in touch with us using the details on our
has been approached by a newly established local supplier who will supply the solar contact us page at
panels at £125 per panel with no charge for carriage.
Evaluate whether Solar-lec should purchase the solar panels from the existing
overseas supplier or the new local supplier.
(12)
(Total for Question 1 = 55 marks)
Pearson: helping people progress, everywhere
Pearson aspires to be the world’s leading learning company. Our aim is to help
everyone progress in their lives through education. We believe in every kind of
learning, for all kinds of people, wherever they are in the world. We’ve been
involved in education for over 150 years, and by working across 70 countries, in 100
languages, we have built an international reputation for our commitment to high
standards and raising achievement through innovation in education. Find out more
about how we can help you and your students at:
Summer 2026
Question Paper Log Number P87882A
Publication Code WAC11_01A_2606_MS
All the material in this publication is
Pearson Education Ltd
2 P87882A
, General Marking Guidance
• All candidates must receive the same treatment. Examiners must mark the first
Source material for Question 2 is on pages 4 and 5 of the Source Booklet.
candidate in exactly the same way as they mark the last.
2 (a) Calculate the following.
• Mark schemes should be applied positively. Candidates must be rewarded for
(i) Drawings made in the year by Andreas and by Christos. what they have shown they can do rather than penalised for omissions.
(2)
• Examiners should mark according to the mark scheme not according to their
(ii) Percentage interest being paid per annum on capital. perception of where the grade boundaries may lie.
(2)
• There is no ceiling on achievement. All marks on the mark scheme should be used
(iii) Sharing ratio of profit or loss.
appropriately.
(1)
• All the marks on the mark scheme are designed to be awarded. Examiners
(b) Prepare, for the year ended 30 April 2026, for each partner, the following.
should always award full marks if deserved, i.e. if the answer matches the mark
(i) Capital Accounts of Andreas and Christos. scheme. Examiners should also be prepared to award zero marks if the
(4)
candidate’s response is not worthy of credit according to the mark scheme.
(ii) Current Accounts of Andreas and Christos. • Where some judgement is required, mark schemes will provide the principles by
(6)
which marks will be awarded and exemplification may be limited.
Andreas and Christos took out a bank loan for £50 000 on 1 May 2024. The terms of
• When examiners are in doubt regarding the application of the mark scheme to a
the loan were that repayment will be made by five equal instalments of £10 000 each
year commencing 1 May 2025. candidate’s response, the team leader must be consulted.
• Crossed out work should be marked UNLESS the candidate has replaced it with
Prepare, for the year ended 30 April 2026, the 5% Bank Loan Account.
(4) an alternative response.
Andreas and Christos maintain control accounts as a checking device and to calculate
the total of the trade payables ledger when preparing financial statements.
The following balances were available for the month of April 2026.
£
Trade Payables Ledger Control Account
Balance 1 April 2026 18 650
Purchases on credit 70 900
Purchases for cash 27 500
Payments to credit suppliers 60 850
Discount received 1 800
Interest charged on overdue supplier accounts 750
Purchase returns 3 400
Refunds received 2 100
Contra entries 9 650
(d) Prepare the Trade Payables Ledger Control Account for the month ended
30 April 2026.
(10)
P87882A 3
Turn over
, Examiner notes for the paper overall
Please place ticks where you are giving credit.
Other payables were:
• Five workers were each owed wages for weekend working of 10 hours at £8 per Accept reasonable rounding unless instructed otherwise.
hour.
Accept GAAP terminology.
• The Electricity and Water Account had two closing balances. A debit balance of
£430 for electricity and a credit balance of £220 for water. Ignore alien entries unless instructed otherwise.
(e) Calculate the total other payables at 30 April 2026. Do not award marks where the label is an absolute abbreviation such as COS for cost
(4)
of sales. To balance a T account, the minimum label is bal. or b/ce
(f ) Prepare the Capital and Liabilities section as it would be recorded in the
Statement of Financial Position at 30 April 2026. Where the Requirement is “calculate”, it could be a string of numbers or no workings
(10) at all: the correct answer gets full marks.
Andreas and Christos have used Information Communication Technology (ICT) For the evaluations: accept any other valid point.
to prepare the business double entry records for the last two years. Their use
of the accounting software is limited to maintaining the double entry records,
issuing statements to the customers and extracting a trial balance at the end of an
accounting period.
All other accounting records and statements are prepared manually.
Daily access to the accounting software is by a single password used by the partners
and all the finance team who have unlimited access to view and amend all software
records including client information.
(g) Evaluate the use of Information Communication Technology (ICT) by Andreas and
Christos.
(12)
(Total for Question 2 = 55 marks)
TOTAL FOR SECTION A = 110 MARKS
4 P87882A
Tuesday 5 May 2026
WAC11/01A
Paper
Morning (Time: 3 hours)
reference
Accounting
International Advanced Subsidiary
UNIT 1: The Accounting System and Costing
Question Paper
Mark Scheme
You must have: (Results)
Source Booklet and Answer Book (sent separately).
Summer 2026
Pearson Edexcel International Advanced Level in Accounting
WAC11/01A
Unit 1: The Accounting System and Costing
Turn over
P87882APearson Education Ltd.
P:1/1/1/1
*P87882A*
, SECTION A
Answer BOTH questions in this section. Edexcel and BTEC Qualifications
Source material for Question 1 is on pages 2 and 3 of the Source Booklet.
1 (a) Prepare the Statement of Profit or Loss and Other Comprehensive Income for the
year ended 30 April 2026. Edexcel and BTEC qualifications are awarded by Pearson, the UK’s
(22) largest awarding body. We provide a wide range of qualifications
(b) Prepare the Statement of Financial Position at 30 April 2026. including academic, vocational, occupational and specific
(21) programmes for employers. For further information visit our
Solar-lec has, for the last five years, purchased its solar panels from an established qualifications websites at or .
overseas supplier who charges £120 per panel plus £10 per panel carriage. Solar-lec Alternatively, you can get in touch with us using the details on our
has been approached by a newly established local supplier who will supply the solar contact us page at
panels at £125 per panel with no charge for carriage.
Evaluate whether Solar-lec should purchase the solar panels from the existing
overseas supplier or the new local supplier.
(12)
(Total for Question 1 = 55 marks)
Pearson: helping people progress, everywhere
Pearson aspires to be the world’s leading learning company. Our aim is to help
everyone progress in their lives through education. We believe in every kind of
learning, for all kinds of people, wherever they are in the world. We’ve been
involved in education for over 150 years, and by working across 70 countries, in 100
languages, we have built an international reputation for our commitment to high
standards and raising achievement through innovation in education. Find out more
about how we can help you and your students at:
Summer 2026
Question Paper Log Number P87882A
Publication Code WAC11_01A_2606_MS
All the material in this publication is
Pearson Education Ltd
2 P87882A
, General Marking Guidance
• All candidates must receive the same treatment. Examiners must mark the first
Source material for Question 2 is on pages 4 and 5 of the Source Booklet.
candidate in exactly the same way as they mark the last.
2 (a) Calculate the following.
• Mark schemes should be applied positively. Candidates must be rewarded for
(i) Drawings made in the year by Andreas and by Christos. what they have shown they can do rather than penalised for omissions.
(2)
• Examiners should mark according to the mark scheme not according to their
(ii) Percentage interest being paid per annum on capital. perception of where the grade boundaries may lie.
(2)
• There is no ceiling on achievement. All marks on the mark scheme should be used
(iii) Sharing ratio of profit or loss.
appropriately.
(1)
• All the marks on the mark scheme are designed to be awarded. Examiners
(b) Prepare, for the year ended 30 April 2026, for each partner, the following.
should always award full marks if deserved, i.e. if the answer matches the mark
(i) Capital Accounts of Andreas and Christos. scheme. Examiners should also be prepared to award zero marks if the
(4)
candidate’s response is not worthy of credit according to the mark scheme.
(ii) Current Accounts of Andreas and Christos. • Where some judgement is required, mark schemes will provide the principles by
(6)
which marks will be awarded and exemplification may be limited.
Andreas and Christos took out a bank loan for £50 000 on 1 May 2024. The terms of
• When examiners are in doubt regarding the application of the mark scheme to a
the loan were that repayment will be made by five equal instalments of £10 000 each
year commencing 1 May 2025. candidate’s response, the team leader must be consulted.
• Crossed out work should be marked UNLESS the candidate has replaced it with
Prepare, for the year ended 30 April 2026, the 5% Bank Loan Account.
(4) an alternative response.
Andreas and Christos maintain control accounts as a checking device and to calculate
the total of the trade payables ledger when preparing financial statements.
The following balances were available for the month of April 2026.
£
Trade Payables Ledger Control Account
Balance 1 April 2026 18 650
Purchases on credit 70 900
Purchases for cash 27 500
Payments to credit suppliers 60 850
Discount received 1 800
Interest charged on overdue supplier accounts 750
Purchase returns 3 400
Refunds received 2 100
Contra entries 9 650
(d) Prepare the Trade Payables Ledger Control Account for the month ended
30 April 2026.
(10)
P87882A 3
Turn over
, Examiner notes for the paper overall
Please place ticks where you are giving credit.
Other payables were:
• Five workers were each owed wages for weekend working of 10 hours at £8 per Accept reasonable rounding unless instructed otherwise.
hour.
Accept GAAP terminology.
• The Electricity and Water Account had two closing balances. A debit balance of
£430 for electricity and a credit balance of £220 for water. Ignore alien entries unless instructed otherwise.
(e) Calculate the total other payables at 30 April 2026. Do not award marks where the label is an absolute abbreviation such as COS for cost
(4)
of sales. To balance a T account, the minimum label is bal. or b/ce
(f ) Prepare the Capital and Liabilities section as it would be recorded in the
Statement of Financial Position at 30 April 2026. Where the Requirement is “calculate”, it could be a string of numbers or no workings
(10) at all: the correct answer gets full marks.
Andreas and Christos have used Information Communication Technology (ICT) For the evaluations: accept any other valid point.
to prepare the business double entry records for the last two years. Their use
of the accounting software is limited to maintaining the double entry records,
issuing statements to the customers and extracting a trial balance at the end of an
accounting period.
All other accounting records and statements are prepared manually.
Daily access to the accounting software is by a single password used by the partners
and all the finance team who have unlimited access to view and amend all software
records including client information.
(g) Evaluate the use of Information Communication Technology (ICT) by Andreas and
Christos.
(12)
(Total for Question 2 = 55 marks)
TOTAL FOR SECTION A = 110 MARKS
4 P87882A
