Exam (elaborations)
Pearson Edexcel International GCSE Accounting Level ½ PAPER 2: Financial Statements QP JUNE 2024
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Pearson Edexcel International GCSE Accounting Level ½ PAPER 2: Financial Statements QP JUNE 2024
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Please check the examination details below before entering your candidate informationCandidate surname Other names
Centre Number Candidate Number
Pearson Edexcel International GCSE
Wednesday 12 June 2024
Afternoon (Time: 1 hour 15 minutes) Paper
reference 4AC1/02R
Accounting ■ ■
Level 1/2
PAPER 2: Financial Statements
You do not need any other materials. Total Marks
Pearson Edexcel International GCSE 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.
• your answers if you have time at the end.
Check
Turn over
P75840A
©2024 Pearson Education Ltd.
F:1/1/1/1/
, Answer ALL questions. Write your answers in the spaces provided.
1 Tang, a sole trader, provided the following balances at 31 December 2023.
DO NOT WRITE IN THIS AREA
Account $
Business rates 1 430
Carriage inwards 800
Carriage outwards 1 300
Fixtures and fittings – cost 10 000
Fixtures and fittings – provision for depreciation 2 000
General expenses 5 800
Insurance 3 600
Irrecoverable debts 650
DO NOT WRITE IN THIS AREA
Motor expenses 22 890
Motor vehicles – cost 35 000
Motor vehicles – provision for depreciation 5 000
Opening inventory 8 700
Premises – cost 85 000
Purchases 89 000
Returns outwards 4 256
Revenue 150 000
Additional information
• Closing inventory was valued at $9 345
DO NOT WRITE IN THIS AREA
• On 31 December 2023 business rates, $570, were owing and insurance, $600, was
paid in advance.
• During the year Tang took goods costing $3 290 for his personal use.
• The purchase of a new motor vehicle, $15 000, has been included in the motor
expenses account.
• Depreciation on non-current assets is to be provided for as follows:
• fixtures and fittings, 10% per annum, using the straight line method
• motor vehicles, 25% per annum, using the reducing balance method.
• A full year’s depreciation is charged on assets held at the year end.
2
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