Accounting 9706/21 Oct Nov 2009 | Cambridge AS Level Past Papers With Mark Scheme

1. Partnership accounting and capital management: Calculation of fixed capital accounts for Rahul and Shivam, preparation of trading, profit and loss, and appropriation accounts, and current account management for Rahul.
2. Club financial management and income analysis: Preparation of café trading account, club income and expenditure account, and club balance sheet for Rumbledethumps Bowling Club, including analysis of life membership revenue and interest income.
3. Manufacturing process and product costing: Calculation of direct labour hours and contribution per direct labour hour for Singh Ltd's products, production efficiency analysis, and decision-making regarding product discontinuation.
4. Profit statement and financial planning: Preparation of an estimated profit statement for future periods, assessment of labour cost changes, fixed cost increases, and production reallocation for remaining products.
5. Cost structure and business strategy: Analysis of variable and fixed cost impacts, pricing strategy maintenance, and optimization of production mix for profitability enhancement.
6. Non-trading organization financials: Advantages and disadvantages of using receipts and payments account versus income and expenditure account in financial reporting.