Please check the examination details below before entering your candidate information
Candidate surname Other names
Centre Number Candidate Number
Pearson Edexcel International GCSE
Wednesday 12 June 2024
Paper
Afternoon (Time: 1 hour 15 minutes) reference
4AC1/02
International GCSE in Accounting 🞍 🞍
Level 1/2
PAPER 2: Financial Statements
You do not need any other materials. Total Marks
Pearson Edexcel International GCSE International GCSE in Accounting Level ½ PAPER 2: Financial
Statements QP JUNE 2024
Instructions
•• Use black ink or ball-point pen.
Fill in the boxes at the top of this page with your name,
centre number and candidate number.
•• Answer all questions.
Answer the questions in the spaces provided
– there may be more space than you need.
• Calculators may be used.
Information
•• The total mark for this paper is 50.
The marks for each question are shown in brackets
– use this as a guide as to how much time to spend on each question.
Advice
• Read each question carefully before you start to answer it.
• Try to answer every question.
• Check your answers if you have time at the end.
Turn over
P75839A
©2024 Pearson Education Ltd.
F:1/1/
, Answer ALL questions. Write your answers in the spaces provided.
1 Ahmed and Malik are in partnership sharing profits and losses equally.
DO NOT WRITE IN THIS AREA
Their partnership agreement allows for interest on capital at 5% per annum and a
partnership salary to Ahmed of $10 000 per annum.
The partners provided the following information for the year ended 31 March 2024.
Account $
Capital accounts – Ahmed 50 000
– Malik 30 000
Current accounts – Ahmed 4 500
– Malik 8 600
Carriage inwards 645
Carriage outwards 1 300
Discount allowed 678
Discount received 663
DO NOT WRITE IN THIS AREA
Drawings – Ahmed 3 600
– Malik 2 800
Motor expenses 1 854
Motor vehicles – cost 35 000
Motor vehicles – provision for depreciation 15 000
Opening inventory 12 260
Purchase returns 3 298
Purchases 86 321
Rent, rates and insurance 9 750
Revenue 192 000
Trade payables 23 921
DO NOT WRITE IN THIS AREA
Trade receivables 36 000
Wages and salaries 44 448
Additional information
• Closing inventory was valued at $14 265
• On 31 March 2024, rates, $500, were owing and insurance, $250, was paid
in advance.
• Depreciation is charged on motor vehicles at 25% per annum using the reducing
balance method.
• A provision for irrecoverable debts of 2% of trade receivables is to be created.
2
🞍🞍🞍🞍
Candidate surname Other names
Centre Number Candidate Number
Pearson Edexcel International GCSE
Wednesday 12 June 2024
Paper
Afternoon (Time: 1 hour 15 minutes) reference
4AC1/02
International GCSE in Accounting 🞍 🞍
Level 1/2
PAPER 2: Financial Statements
You do not need any other materials. Total Marks
Pearson Edexcel International GCSE International GCSE in Accounting Level ½ PAPER 2: Financial
Statements QP JUNE 2024
Instructions
•• Use black ink or ball-point pen.
Fill in the boxes at the top of this page with your name,
centre number and candidate number.
•• Answer all questions.
Answer the questions in the spaces provided
– there may be more space than you need.
• Calculators may be used.
Information
•• The total mark for this paper is 50.
The marks for each question are shown in brackets
– use this as a guide as to how much time to spend on each question.
Advice
• Read each question carefully before you start to answer it.
• Try to answer every question.
• Check your answers if you have time at the end.
Turn over
P75839A
©2024 Pearson Education Ltd.
F:1/1/
, Answer ALL questions. Write your answers in the spaces provided.
1 Ahmed and Malik are in partnership sharing profits and losses equally.
DO NOT WRITE IN THIS AREA
Their partnership agreement allows for interest on capital at 5% per annum and a
partnership salary to Ahmed of $10 000 per annum.
The partners provided the following information for the year ended 31 March 2024.
Account $
Capital accounts – Ahmed 50 000
– Malik 30 000
Current accounts – Ahmed 4 500
– Malik 8 600
Carriage inwards 645
Carriage outwards 1 300
Discount allowed 678
Discount received 663
DO NOT WRITE IN THIS AREA
Drawings – Ahmed 3 600
– Malik 2 800
Motor expenses 1 854
Motor vehicles – cost 35 000
Motor vehicles – provision for depreciation 15 000
Opening inventory 12 260
Purchase returns 3 298
Purchases 86 321
Rent, rates and insurance 9 750
Revenue 192 000
Trade payables 23 921
DO NOT WRITE IN THIS AREA
Trade receivables 36 000
Wages and salaries 44 448
Additional information
• Closing inventory was valued at $14 265
• On 31 March 2024, rates, $500, were owing and insurance, $250, was paid
in advance.
• Depreciation is charged on motor vehicles at 25% per annum using the reducing
balance method.
• A provision for irrecoverable debts of 2% of trade receivables is to be created.
2
🞍🞍🞍🞍
