Pearson Edexcel International Advanced Level
Thursday 15 January 2026
WAC11/01A
Paper
Afternoon (Time: 3 hours)
reference
Accounting
International Advanced Subsidiary
UNIT 1: The Accounting System and Costing
Question Paper
Mark Scheme (Results)
You must have:
Source Booklet and Answer Book (sent separately)
January 2026
Pearson Edexcel in International A Level in Accounting
WAC11/01A
Turn over
P87582APearson Education Ltd.
C:1/1/1/1/1
*P87582A*
, SECTION A
Edexcel and BTEC Qualifications
Answer BOTH questions in this section.
Source material for Question 1 is on pages 2 to 4 of the Source Booklet.
1 (a) Prepare the: Edexcel and BTEC qualifications are awarded by Pearson, the UK’s
largest awarding body. We provide a wide range of qualifications
(i) Statement of Profit or Loss and Comprehensive Income for the year ended including academic, vocational, occupational and specific
31 December 2025
programmes for employers. For further information visit our
(13)
qualifications websites at or .
(ii) Statement of Financial Position at 31 December 2025. Alternatively, you can get in touch with us using the details on our
(12) contact us page at
(b) Prepare the Bank Account of Pence Stores for the month of January 2026.
(9)
Prepare the Forecast Statement of Profit or Loss and Other Comprehensive
Income for the year ended 31 December 2026.
(9)
(d) Evaluate the decision of the owner to change the business from a grocery retailer Pearson: helping people progress, everywhere
to a coffee shop.
(12) 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
(Total for Question 1 = 55 marks)
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:
January 2026
Question Paper Log Number P87582A
Publication Code WAC11_01A_2601_MS
All the material in this publication is
Pearson Education Ltd
2 P87582A
, Source material for Question 2 is on pages 6 and 7 of the Source Booklet. General Marking Guidance
2 (a) Identify which of the errors could be corrected by using the Suspense Account.
(3)
• All candidates must receive the same treatment. Examiners must
(b) Prepare the Journal entries to record the correction of all errors. Narratives are not mark the first candidate in exactly the same way as they mark the
required.
last.
(16)
• Mark schemes should be applied positively. Candidates must be
Prepare the Suspense Account after the correction of all errors, showing the
opening balance. rewarded for what they have shown they can do rather than
(5) penalised for omissions.
(d) Prepare the following ledger accounts after the correction of all errors. • Examiners should mark according to the mark scheme not
according to their perception of where the grade boundaries may
(i) Inventory Account
(3) lie.
• There is no ceiling on achievement. All marks on the mark scheme
(ii) Discount Allowed Account
(3) should be used appropriately.
(iii) Computer Account. • All the marks on the mark scheme are designed to be awarded.
(3) Examiners should always award full marks if deserved, i.e. if the
(e) Calculate the revised profit or loss for the year after the correction of all errors by answer matches the mark scheme. Examiners should also be
completing the table in your Answer Book. prepared to award zero marks if the candidate’s response is not
(10)
worthy of credit according to the mark scheme.
(f ) Evaluate the usefulness of preparing draft financial statements when it is known • Where some judgement is required, mark schemes will provide the
that there are errors in the books.
(12) principles by which marks will be awarded and exemplification
may be limited.
(Total for Question 2 = 55 marks)
• When examiners are in doubt regarding the application of the mark
TOTAL FOR SECTION A = 110 MARKS scheme to a candidate’s response, the team leader must be
consulted.
• Crossed out work should be marked UNLESS the candidate has
replaced it with an alternative response.
P87582A 3
Turn over
, 1(a)(i) AO1 (6), AO2 (6) AO3 (1)
SECTION B
AO1: Six marks for transferring balances to the income statement.
Answer THREE questions from this section. A02: Six marks for adjusting balances and transferring to the income
statement.
Source material for Question 3 is on pages 8 and 9 of the Source Booklet. AO3: One mark for cost of sales
3 (a) Explain how the Trade Receivable Ledger differs from the Sales Day Book.
(4)
Pence
(b) Prepare the journal entries to correct the two errors. Statement of Profit or Loss and Other Comprehensive Income
for the year ended 31 December 2025
Narratives are not required. £ £
(6) Revenue 430 000
Opening inventory 22 000
Calculate the corrected closing balance on the account of Mille Street Stores at Purchases 285 000
31 December 2025. Carriage inwards 1 500 (1)AO1
(4) 308 500
Goods taken by owner (drawings) (400) (1)AO2
(d) Prepare the Trade Receivables Ledger Control Account for the month of 308 100
December 2025. Closing inventory (17 100)
(10) Cost of sales (291 000) (1of)AO3+w
Gross profit 139 000
(e) Evaluate the usefulness of preparing control accounts. Commission receivable (4 700+1 300) 6 000 (1)AO2
(6) 145 000
Less
(Total for Question 3 = 30 marks) Depreciation –Premises 3 000 (1)AO2
Equipment 4 000 (1)AO2
Fixtures and fittings 2 000 (1)AO2
Wages 82 000 (1)AO1
Rates (12 000 – 900) 11 100 (1)AO2
Carriage outwards 9 650 (1)AO1
Insurance 7 200 (1)AO1
Equipment repairs 2 450 (1)AO1
General expenses 14 300 (1)AO1
(135 700)
Profit for the year 9 300
(13)
4 P87582A
Thursday 15 January 2026
WAC11/01A
Paper
Afternoon (Time: 3 hours)
reference
Accounting
International Advanced Subsidiary
UNIT 1: The Accounting System and Costing
Question Paper
Mark Scheme (Results)
You must have:
Source Booklet and Answer Book (sent separately)
January 2026
Pearson Edexcel in International A Level in Accounting
WAC11/01A
Turn over
P87582APearson Education Ltd.
C:1/1/1/1/1
*P87582A*
, SECTION A
Edexcel and BTEC Qualifications
Answer BOTH questions in this section.
Source material for Question 1 is on pages 2 to 4 of the Source Booklet.
1 (a) Prepare the: Edexcel and BTEC qualifications are awarded by Pearson, the UK’s
largest awarding body. We provide a wide range of qualifications
(i) Statement of Profit or Loss and Comprehensive Income for the year ended including academic, vocational, occupational and specific
31 December 2025
programmes for employers. For further information visit our
(13)
qualifications websites at or .
(ii) Statement of Financial Position at 31 December 2025. Alternatively, you can get in touch with us using the details on our
(12) contact us page at
(b) Prepare the Bank Account of Pence Stores for the month of January 2026.
(9)
Prepare the Forecast Statement of Profit or Loss and Other Comprehensive
Income for the year ended 31 December 2026.
(9)
(d) Evaluate the decision of the owner to change the business from a grocery retailer Pearson: helping people progress, everywhere
to a coffee shop.
(12) 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
(Total for Question 1 = 55 marks)
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:
January 2026
Question Paper Log Number P87582A
Publication Code WAC11_01A_2601_MS
All the material in this publication is
Pearson Education Ltd
2 P87582A
, Source material for Question 2 is on pages 6 and 7 of the Source Booklet. General Marking Guidance
2 (a) Identify which of the errors could be corrected by using the Suspense Account.
(3)
• All candidates must receive the same treatment. Examiners must
(b) Prepare the Journal entries to record the correction of all errors. Narratives are not mark the first candidate in exactly the same way as they mark the
required.
last.
(16)
• Mark schemes should be applied positively. Candidates must be
Prepare the Suspense Account after the correction of all errors, showing the
opening balance. rewarded for what they have shown they can do rather than
(5) penalised for omissions.
(d) Prepare the following ledger accounts after the correction of all errors. • Examiners should mark according to the mark scheme not
according to their perception of where the grade boundaries may
(i) Inventory Account
(3) lie.
• There is no ceiling on achievement. All marks on the mark scheme
(ii) Discount Allowed Account
(3) should be used appropriately.
(iii) Computer Account. • All the marks on the mark scheme are designed to be awarded.
(3) Examiners should always award full marks if deserved, i.e. if the
(e) Calculate the revised profit or loss for the year after the correction of all errors by answer matches the mark scheme. Examiners should also be
completing the table in your Answer Book. prepared to award zero marks if the candidate’s response is not
(10)
worthy of credit according to the mark scheme.
(f ) Evaluate the usefulness of preparing draft financial statements when it is known • Where some judgement is required, mark schemes will provide the
that there are errors in the books.
(12) principles by which marks will be awarded and exemplification
may be limited.
(Total for Question 2 = 55 marks)
• When examiners are in doubt regarding the application of the mark
TOTAL FOR SECTION A = 110 MARKS scheme to a candidate’s response, the team leader must be
consulted.
• Crossed out work should be marked UNLESS the candidate has
replaced it with an alternative response.
P87582A 3
Turn over
, 1(a)(i) AO1 (6), AO2 (6) AO3 (1)
SECTION B
AO1: Six marks for transferring balances to the income statement.
Answer THREE questions from this section. A02: Six marks for adjusting balances and transferring to the income
statement.
Source material for Question 3 is on pages 8 and 9 of the Source Booklet. AO3: One mark for cost of sales
3 (a) Explain how the Trade Receivable Ledger differs from the Sales Day Book.
(4)
Pence
(b) Prepare the journal entries to correct the two errors. Statement of Profit or Loss and Other Comprehensive Income
for the year ended 31 December 2025
Narratives are not required. £ £
(6) Revenue 430 000
Opening inventory 22 000
Calculate the corrected closing balance on the account of Mille Street Stores at Purchases 285 000
31 December 2025. Carriage inwards 1 500 (1)AO1
(4) 308 500
Goods taken by owner (drawings) (400) (1)AO2
(d) Prepare the Trade Receivables Ledger Control Account for the month of 308 100
December 2025. Closing inventory (17 100)
(10) Cost of sales (291 000) (1of)AO3+w
Gross profit 139 000
(e) Evaluate the usefulness of preparing control accounts. Commission receivable (4 700+1 300) 6 000 (1)AO2
(6) 145 000
Less
(Total for Question 3 = 30 marks) Depreciation –Premises 3 000 (1)AO2
Equipment 4 000 (1)AO2
Fixtures and fittings 2 000 (1)AO2
Wages 82 000 (1)AO1
Rates (12 000 – 900) 11 100 (1)AO2
Carriage outwards 9 650 (1)AO1
Insurance 7 200 (1)AO1
Equipment repairs 2 450 (1)AO1
General expenses 14 300 (1)AO1
(135 700)
Profit for the year 9 300
(13)
4 P87582A
