A-level
ACCOUNTING ACTUAL 2025 PAPER MERGED
WITH MARK SCHEME
Paper 1 Financial Accounting
Please write clearly in block capitals.
Candidate number
Centre number
Surname
Forename(s)
Candidate signature
I declare this is my own work.
A-level
ACCOUNTING
Paper 1 Financial Accounting
Thursday 22 May 2025 Morning Time allowed: 3 hours
Materials For Examiner’s Use
For this paper you must have:
• a calculator.
Section Mark
Instructions A
• Use black ink or black ball-point pen. B
• Fill in the boxes at the top of this page.
C
• Answer all questions.
• You must answer the questions in the spaces provided. Do not write outside TOTAL
the box around each page or on blank pages.
• If you need extra space for your answer(s), use the lined pages at the end of this book.
Write the question number against your answer(s).
• Do all rough work in this answer book. Cross through any work you do not want to be
marked.
, 2
Do not
write
outside the
Information
• The marks for each question are shown in brackets.
• The maximum mark for this paper is 120.
*jun257127101* 7127/1
IB/M/Jun25/G4005/V6
IB/M/Jun25/7127/1
, 3
Do not
write
outside the
Section A box
0 2
1 box
Answer all questions in this section.
For multiple-choice questionsoneanswer
only 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.
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
Which is the formula for gross profit margin?
[1 mark]
Cost of sales
A × 100
Gross profit
Gross profit
B × 100
Cost of sales
Gross profit
C × 100 Turn over ►
Revenue
Revenue IB/M/Jun25/7127/1
D × 100
Gross profit
, 4
Do not
write
outside the
*02*
Revenue should be recorded when the legal title passes between the buyer and
[1 mark]
seller.
0 3
Which accounting concept is being applied?
A Accruals
B Money measurement
C Prudence
D Realisation
Which is the formula for trade receivables days? [1 mark]
0 4
Credit sales
A × 365
Trade receivables
Total sales
B × 365
Trade receivables
Trade receivables
C × 365
Credit sales
Trade receivables
D × 365
Total sales
IB/M/Jun25/7127/1
ACCOUNTING ACTUAL 2025 PAPER MERGED
WITH MARK SCHEME
Paper 1 Financial Accounting
Please write clearly in block capitals.
Candidate number
Centre number
Surname
Forename(s)
Candidate signature
I declare this is my own work.
A-level
ACCOUNTING
Paper 1 Financial Accounting
Thursday 22 May 2025 Morning Time allowed: 3 hours
Materials For Examiner’s Use
For this paper you must have:
• a calculator.
Section Mark
Instructions A
• Use black ink or black ball-point pen. B
• Fill in the boxes at the top of this page.
C
• Answer all questions.
• You must answer the questions in the spaces provided. Do not write outside TOTAL
the box around each page or on blank pages.
• If you need extra space for your answer(s), use the lined pages at the end of this book.
Write the question number against your answer(s).
• Do all rough work in this answer book. Cross through any work you do not want to be
marked.
, 2
Do not
write
outside the
Information
• The marks for each question are shown in brackets.
• The maximum mark for this paper is 120.
*jun257127101* 7127/1
IB/M/Jun25/G4005/V6
IB/M/Jun25/7127/1
, 3
Do not
write
outside the
Section A box
0 2
1 box
Answer all questions in this section.
For multiple-choice questionsoneanswer
only 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.
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
Which is the formula for gross profit margin?
[1 mark]
Cost of sales
A × 100
Gross profit
Gross profit
B × 100
Cost of sales
Gross profit
C × 100 Turn over ►
Revenue
Revenue IB/M/Jun25/7127/1
D × 100
Gross profit
, 4
Do not
write
outside the
*02*
Revenue should be recorded when the legal title passes between the buyer and
[1 mark]
seller.
0 3
Which accounting concept is being applied?
A Accruals
B Money measurement
C Prudence
D Realisation
Which is the formula for trade receivables days? [1 mark]
0 4
Credit sales
A × 365
Trade receivables
Total sales
B × 365
Trade receivables
Trade receivables
C × 365
Credit sales
Trade receivables
D × 365
Total sales
IB/M/Jun25/7127/1
