Accounting 9706/23 Oct Nov 2023 | Cambridge AS Level Past Papers With Mark Scheme

1. Preparation of profit or loss and financial position statements, including adjustments for depreciation, irrecoverable debts, and tax.

2. Comparison of rights issue and debenture issue to evaluate their impact on capital structure and financial leverage.

3. Financial ratio analysis: trade receivables turnover, inventory turnover, and trade payables turnover, assessing liquidity and operational efficiency.

4. Costing techniques: marginal versus absorption costing, break-even analysis, and margin of safety for decision-making.

5. Evaluation of production strategies under two options, considering cost implications, sales projections, and profitability.

6. Financial and operational advice for improving business performance, emphasizing profit optimization and cost control measures.