Accounting 9706/11 Oct Nov 2023 | Cambridge AS Level Past Papers With Mark Scheme

1. External short-term financing options for companies, including bank overdrafts and trade credit.

2. Adjustments for depreciation, allocation of fixed asset costs over useful life, and impact on financial statements.

3. Correcting accounting errors, including discrepancies in suspense accounts and trial balances.

4. Use of control accounts for fraud detection, accuracy in sales and purchases ledgers, and preparation of financial statements.

5. Application of costing methods, including absorption and marginal costing, and calculation of overhead absorption rates.

6. Benefits of just-in-time inventory management, batch costing in production, and contribution analysis in cost-volume-profit scenarios.