Ib G Jun17 Accn2 Mark Scheme Page

If you're sharing this with a study group or on a student forum (like The Student Room),

In (e), answers must mention “contribution” and “spare capacity”. Award no marks for “yes because price is higher than variable cost” without linking to contribution.

One of the most important aspects of the AQA Accounting mark scheme is the application of the "Own Figure Rule." If a candidate makes an arithmetic error early in a multi-step calculation, they will lose the mark for that specific figure. However, if they use that incorrect figure correctly in subsequent formulas (such as bringing a wrong net profit figure into an capital account), they can still sub-consequently earn full marks for the later steps. 2. Layout and Labeling Precision Ib G Jun17 Accn2 Mark Scheme

Often requiring the preparation of an Income Statement and a Statement of Financial Position, including adjustments for accruals, prepayments, and depreciation.

He scanned Candidate 847’s messy scrawl. They had debited the rent. Good. They had credited the purchases. Good. The numbers aligned. He was about to tick the final box when his pen froze, hovering over the page like a hawk spotting movement in the grass. If you're sharing this with a study group

Using suspense accounts and journal entries to rectify bookkeeping mistakes. Breakdown of the Ib G Jun17 Accn2 Mark Scheme 1. The "Own Figure" (OF) Rule

If you have recently searched for , you are most likely a student or teacher preparing for a GCE A-Level Accounting exam (specifically the AQA Unit 2: Financial and Management Accounting paper from June 2017). While the "IB" in the filename often refers to “Question Paper” in some exam board archives, the core subject is Accounting . However, if they use that incorrect figure correctly

Based on real examiner reports for similar sessions, common issues included:

The final portion required calculating key profitability and liquidity ratios, followed by a written analysis of the business.

The marking scheme for Section B is more complex, with marks allocated based on the student's ability to:

One of the most vital aspects of the is the "Own Figure" rule. Examiners use this to ensure students aren't penalized twice for a single mistake.