2023 AQA A-level ACCOUNTING 7127/1 Paper 1 Financial Accounting Question Paper & Mark scheme (Merged) June 2023 [VERIFIED]
2 Section A Answer all questions in this section. 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 stakeholder will not find the schedule of non-current assets useful? [1 mark] A Debenture holders B Existing shareholders C Local community D Potential investors 0 2 Which of the following is an example of an error of principle? [1 mark] A An invoice for machinery repairs posted to the machinery cost account. B An invoice for machinery repairs posted to the rent and rates account. C A sales invoice not recorded in the sales journal. D A sales invoice posted to the debit of the sales account and credit of the bank account. Do not write outside the box *02* IB/G/Jun23/7127/1 3 0 3Which items would be included on the debit side of the purchase ledger control account? [1 mark] A Contra entry; discounts allowed; interest charged B Contra entry; discounts received; purchas
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