ACTUAL 2025 AQA A-LEVEL ACCOUNTING Paper 1 Financial Accounting
Question Paper & Mark Scheme (Merged) Thursday 22 May 2025 [VERIFIED]
, 2
Do not write
outside the
Section A
box
Answer all questions in this section.
For multiple-choice questions only one answer per question is allowed.
For each question completely fill in the circle alongside the appropriate answer.
CORRECT METHOD WRONG METHODS
If you want to change your answer you must cross out your original answer as shown.
If you wish to return to an answer previously crossed out, ring the answer you now wish to select
as shown.
0 1 Which transaction would be recorded in the purchases journal?
[1 mark]
A Cash purchase of a non-current asset
B Cash purchase of goods for resale
C Credit purchase of a non-current asset
D Credit purchase of goods for resale
0 2 Which is the formula for gross profit margin?
[1 mark]
Cost of sales
A Gross profit × 100
B Gross profit
× 100
Cost of sales
C Gross profit
Revenue × 100
IB/M/Jun25/7127/1
, 3
Do not write
Revenue
D × 100 outside the
Gross profit
IB/M/Jun25/7127/1
, 4
Do not write
outside the
0 3 Revenue should be recorded when the legal title passes between the buyer and seller. box
Which accounting concept is being applied?
[1 mark]
A Accruals
B Money measurement
C Prudence
D Realisation
0 4 Which is the formula for trade receivables days?
[1 mark]
A Credit sales
× 365
Trade receivables
B Total sales
× 365
Trade receivables
C Trade receivables
× 365
Credit sales
D Trade receivables
× 365
Total sales
0 5 Which source of finance will increase the capital gearing ratio?
[1 mark]
A Bank overdraft
B Bonus issue of shares
C Mortgage
D Rights issue of shares
IB/M/Jun25/7127/1
Question Paper & Mark Scheme (Merged) Thursday 22 May 2025 [VERIFIED]
, 2
Do not write
outside the
Section A
box
Answer all questions in this section.
For multiple-choice questions only one answer per question is allowed.
For each question completely fill in the circle alongside the appropriate answer.
CORRECT METHOD WRONG METHODS
If you want to change your answer you must cross out your original answer as shown.
If you wish to return to an answer previously crossed out, ring the answer you now wish to select
as shown.
0 1 Which transaction would be recorded in the purchases journal?
[1 mark]
A Cash purchase of a non-current asset
B Cash purchase of goods for resale
C Credit purchase of a non-current asset
D Credit purchase of goods for resale
0 2 Which is the formula for gross profit margin?
[1 mark]
Cost of sales
A Gross profit × 100
B Gross profit
× 100
Cost of sales
C Gross profit
Revenue × 100
IB/M/Jun25/7127/1
, 3
Do not write
Revenue
D × 100 outside the
Gross profit
IB/M/Jun25/7127/1
, 4
Do not write
outside the
0 3 Revenue should be recorded when the legal title passes between the buyer and seller. box
Which accounting concept is being applied?
[1 mark]
A Accruals
B Money measurement
C Prudence
D Realisation
0 4 Which is the formula for trade receivables days?
[1 mark]
A Credit sales
× 365
Trade receivables
B Total sales
× 365
Trade receivables
C Trade receivables
× 365
Credit sales
D Trade receivables
× 365
Total sales
0 5 Which source of finance will increase the capital gearing ratio?
[1 mark]
A Bank overdraft
B Bonus issue of shares
C Mortgage
D Rights issue of shares
IB/M/Jun25/7127/1
