Calculating gross and net profit margins, current ratios, and liquid (acid test) ratios.
The June 2017 paper (and its corresponding mark scheme) typically centered on several core accounting pillars: Ib G Jun17 Accn2 Mark Scheme
Testing the differences between FIFO (First-In, First-Out) and AVCO (Average Cost) methods. Calculating gross and net profit margins, current ratios,
Often requiring the preparation of an Income Statement and a Statement of Financial Position, including adjustments for accruals, prepayments, and depreciation. The is an indispensable tool for anyone aiming
The is an indispensable tool for anyone aiming for an A* in A-Level Accounting. By studying the specific requirements of the June 2017 series, you can identify recurring patterns in how AQA rewards candidates and avoid the common traps that lead to lost marks.
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.
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