Ib G Jun17 Accn2 Mark Scheme |best|

Closing stock £5,200; Accrued wages £800; Prepaid rent £400; Depreciation 10% straight line on fixtures (cost £20,000); Bad debt write-off £300; Provision for doubtful debts at 5% of receivables after write-off.

– Focused on a successful retail sole trader named "Amr", evaluating the applications of fundamental accounting concepts like the Going Concern principle.

“A provision for doubtful debts is created in line with the prudence concept – anticipating losses but not gains. It ensures that receivables are stated at net realisable value. The matching concept also applies: the expense of potential bad debts is matched against the revenue of the same period. Without this provision, assets and profit would be overstated.”

This article provides a comprehensive breakdown of the June 2017 ACCN2 examination framework, detailing the core topics tested, standard marking conventions, and actionable strategies to maximize your score in financial and management accounting units. What is the ACCN2 Assessment? Ib G Jun17 Accn2 Mark Scheme

: Look at the model points provided in the scheme for the evaluation questions. Rewrite your paragraphs to match the concise, impact-driven style favored by examiners.

Now, use the mark scheme.

Take the mark scheme and mark each question strictly. Do not give partial credit where it is not allowed. Pay close attention to the – if a calculation is worth 4 marks, there are likely 4 distinct steps. Closing stock £5,200; Accrued wages £800; Prepaid rent

This reconstructed mark scheme mirrors the of the AQA ACCN2 June 2017 paper. To prepare effectively:

If you calculate a wrong total for "Gross Profit" but use that wrong figure correctly to calculate "Net Profit," the mark scheme allows you to earn the marks for the Net Profit calculation. 2. Quality of Written Communication (QWC)

The June 2017 paper (and its corresponding mark scheme) typically centered on several core accounting pillars: It ensures that receivables are stated at net

Awareness of these syllabus changes can provide invaluable context when you're working through the 2017 paper and its mark scheme, helping you anticipate which areas were likely emphasized in that exam.

Reconcile the control account balance with the total of the individual ledger balances. 2. Financial Statements of Sole Traders