Accounting 9706/22 Oct Nov 2023 | Cambridge AS Level Past Papers With Mark Scheme

1. Preparation of profit or loss statements incorporating debenture interest, inventory adjustments, and tax estimations.

2. Calculation and preparation of the statement of changes in equity, including bonus and rights issues, and retained earnings adjustments.

3. Evaluation of non-current asset depreciation methods, including straight-line and reducing balance, and disposal profit or loss.

4. Reconciliation of control accounts and schedules for correcting sales ledger discrepancies.

5. Apportionment and absorption of factory overheads in manufacturing, including the calculation of overhead absorption rates.

6. Special order pricing with increased direct costs, calculation of gross profit margin, and recommendations for customer credit and discounts.