Ib G Jun17 Accn2 Mark Scheme

Get a copy of the corresponding June 2017 ACCN2 question paper and a blank answer sheet. Complete the paper in the allocated time without any notes, just as you would in the real exam.

This section focused heavily on Bank Reconciliations and Control Accounts. Candidates were required to correct errors and update ledger balances.

The mark scheme awarded distinct, separate marks for finding the opening capital balance using a Statement of Affairs. Ib G Jun17 Accn2 Mark Scheme

Instead of deducting marks for mistakes, examiners are instructed to . This is a constructive and student-centric approach that rewards knowledge and effort.

Several marking principles are fundamental to the ACCN2 mark scheme. Understanding them is a crucial part of using the document effectively for revision. Get a copy of the corresponding June 2017

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A: Yes, “Ib” likely refers to the internal paper reference (e.g., Paper IB/G/Jun17/E4). It is the same document. Candidates were required to correct errors and update

: It explicitly lists multiple ways to reach a final figure, such as different methods for calculating inventory adjustments or provision for doubtful debts. Detailed Ratio Analysis Guidelines : For qualitative questions, such as assessing a business's

| Mark | Explanation | |------|-------------| | M1 | Cost of sales = Sales × (1 – Gross profit margin) = 100,000 × 0.75 = $75,000 | | M2 | Purchases = Cost of sales – Opening inventory + Closing inventory = 75,000 – 10,000 + 15,000 = $80,000 | | M3 | Trade payables (closing) = Purchases – Payments to suppliers = 80,000 – 70,000 = $10,000 | | A1 | All three figures correct and clearly labeled. |