Ib G Jun17 Accn2 Mark Scheme !!install!! Jun 2026

Many students applied margin to cost of sales instead of sales. The mark scheme reinforces: Margin is percentage of sales, mark-up is percentage of cost.

There, in the "Workings" column, written in faint pencil, was something that stopped his heart.

You can find the comprehensive PDF document at several authoritative past paper repositories: Ib G Jun17 Accn2 Mark Scheme

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| | 2016 | 2017 | | --- | --- | --- | | Revenue | $100,000 | $120,000 | | Cost of goods sold | $60,000 | $70,000 | | Gross profit | $40,000 | $50,000 | Many students applied margin to cost of sales

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

The mark scheme is not just a list of answers. It is a that tells examiners exactly where to award (and deduct) marks. It is divided into three key sections: You can find the comprehensive PDF document at

: While some marks are awarded for a correct final answer, the June 2017 mark scheme

: The mark scheme strictly enforced that interest expenses must be categorized cleanly under finance costs rather than operating expenses. Examiner Marking Principles & Rules

Marks are explicitly split between calculating the correct adjustment and placing it in the correct statement. Missing a prepayment calculation costs an AO2 mark; putting it under current liabilities instead of current assets costs an AO1 structure mark.