Accounting 9706/22 May June 2024 | Cambridge AS Level Past Papers With Mark Scheme

1. Calculation of gross profit and cost of goods sold, incorporating sales, purchases, and owner withdrawals.

2. Adjustments for accruals and prepayments in income and expense accounts to ensure accurate profit and loss reporting.

3. Comparison of business structure options, including partnerships and limited liability companies, considering financial and operational impacts.

4. Error corrections in financial records, focusing on inventory valuation, depreciation, and transaction postings.

5. Analysis of liquidity and efficiency through trade payables, receivables turnover, and inventory turnover ratios.

6. Evaluation of production strategies under marginal and absorption costing, with profit impact assessments of expansion options.