Accounting 9706/23 May June 2024 | Cambridge AS Level Past Papers With Mark Scheme

1. Adjustments to gross profit, including impact of inventory valuation and sales returns on financial statements.

2. Allocation and apportionment of overheads in absorption costing, emphasizing electricity, rent, and departmental cost-sharing.

3. Calculation of depreciation, treatment of rights issues, and inclusion of financial charges in income statements.

4. Allowance for irrecoverable debts, double-entry corrections for bad debt write-offs, and recovery procedures.

5. Over/under absorption of production overheads, order costing, and selling price determination based on gross margin.

6. Just-in-time (JIT) inventory management benefits and challenges, including financial and operational considerations.