Accounting 9706/12 Oct Nov 2023 | Cambridge AS Level Past Papers With Mark Scheme

1. Long-term funding sources for companies, including debenture and rights issue benefits.

2. Importance of full accounting records for performance assessment, decision-making, and error reduction.

3. Correct entries for dishonored cheques and capital expenditure classification.

4. Depreciation methods, profit or loss on asset disposals, and error correction in trial balance and suspense accounts.

5. Bank reconciliation, fraud detection in sales ledgers, and impact of unrecorded cash transactions.

6. Inventory valuation methods, gross profit calculations, and overhead absorption rates in labor-intensive production.

7. Marginal costing, contribution analysis, and cost-volume-profit decisions for pricing and operational strategy.