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We provide a wide range of qualifications including academic, vocational, occupational and specific programmes for employers. For further information visit our qualifications websites at [www.edexcel.com](www.edexcel.com) or [www.btec.co.uk](www.btec.co.uk). Alternatively, you can get in touch with us using the details on our [contact us page at](contact us page at www.edexcel.com/contactus)[ ](contact us page at www.edexcel.com/contactus)[www.edexcel.com/contactus](contact us page at www.edexcel.com/contactus)  \nPearson: helping people progress, everywhere  \nPearson aspires to be the world’s leading learning company. Our aim is to help everyone progress in their lives through education. We believe in every kind of learning, for all kinds of people, wherever they are in the world. We’ve been involved in education for over 150 years, and by working across 70 countries, in 100 languages, we have built an international reputation for our commitment to high standards and raising achievement through innovation in education. Find out more about how we can help you and your students at:  \n[www.pearson.com/uk](www.pearson.com/uk)  \nNovember 2025  \nQuestion Paper Log Number P78949A Publication Code 4AC1 _02 _2511_MS All the material in this publication is copyright © Pearson Education Ltd 2025  \nGeneral Marking Guidance  \n• All candidates must receive the same treatment. Examiners must mark the first candidate in exactly the same way as they mark the last.  \n• Mark schemes should be applied positively. Candidates must be rewarded for what they have shown they can do rather than penalised for omissions.  \n• Examiners should mark according to the mark scheme not according to their perception of where the grade boundaries may lie.  \n• There is no ceiling on achievement. All marks on the mark scheme should be used appropriately.  \n• All the marks on the mark scheme are designed to be awarded. Examiners should always award full marks if deserved, i.e. if the answer matches the mark scheme. Examiners should also be prepared to award zero marks if the candidate’s response is not worthy of credit according to the mark scheme.  \n• Where some judgement is required, mark schemes will provide the principles by which marks will be awarded and exemplification may be limited.  \n• When examiners are in doubt regarding the application of the mark scheme to a candidate’s response, the team leader must be consulted.  \n• Crossed out work should be marked UNLESS the candidate has replaced it with an alternative response.  \n\n| Question number | Answer | Mark |\n| --- | --- | --- |\n| 1(a) (i) | Award marks as indicated.\u003Cbr>Joleene\u003Cbr>Manufacturing account for the year ended 30 September 2025\u003Cbr>$ $ Raw materials Opening inventory 48 900 Purchases 134 020 Returns outwards (4 500) Transport costs 6 400 (1) Drawings (500) (1) Closing inventory (54 320) Cost of raw materials consumed 130000 (1) Direct wages 25 500 (1) Direct factory expenses 18 250 43 750 Prime cost 173 750 (1) Overheads Indirect factory expenses 24 500 (1) Indirect labour 29 750 (1) Insurance 16 000 (1) Lighting and Heating 25000 (1) Machinery repairs 1 880 (1) Rent and rates 18 675 (1) Supervisor salary 35000 (1) Depreciation – factory machinery 35 840 (1) 186 645 Work in progress Opening inventory 23 100 Closing inventory (24 270) (1 170) (1) | (15) |\n\n\n|  |  | Production cost |  | 359 225 | (1) |  |  |\n| --- | --- | --- | --- | --- | --- | --- | --- |\n\n\n| Question number | Answer |  |  |  |  |  | Mark |\n| --- | --- | --- | --- | --- | --- | --- | --- |\n| 1(a) (ii) | Award marks as indicated.\u003Cbr>Joleene\u003Cbr>Income statement for the year ended 30 September 2025 |  |  |  |  |  | (5) |\n|  |  |  | $ | $ |  |  |  |\n|  |  | Revenue | 543 100 |  |  |  | ","cbCaiaKEyPgnUu5u","https://ap.wps.com/l/cbCaiaKEyPgnUu5u","pdf",191436,"English","# General Marking Guidance\n# Question 1\n## Question 1(a)\n## Question 1(b)\n# Question 2","[{\"question\":\"What guiding principles do examiners follow when applying the mark scheme?\",\"answer\":\"Examiners apply the mark scheme consistently to all candidates, reward what candidates demonstrate, and mark according to the scheme rather than expectations about grade boundaries. Marks are designed to be awarded where deserved.\"},{\"question\":\"How does the business entity concept affect the financial statements in Question 1(b)?\",\"answer\":\"If goods and cash for personal use are not recorded, the business entity concept cannot be complied with. This can understate gross profit because cost of goods sold becomes overstated by the value taken.\"},{\"question\":\"What types of accounting statements and figures are included in the mark scheme?\",\"answer\":\"The scheme includes worked examples for items such as manufacturing accounts and income statements for specific year-end dates, plus marks allocation notes for components like revenue, returns, inventory, cost of sales, and gross profit.\"}]","Pearson Edexcel International GCSE in Accounting 4AC1/02 - Unit 2: Financial Statements - Mark Scheme (Results) - November 2025 | PDF",23]