Accounting 9706/42 May June 2010 | Cambridge AS Level Past Papers With Mark Scheme

1. Partnership formation adjustments, including goodwill elimination, revaluation of assets, and provision for doubtful debts.

2. Profit allocation for partners based on agreed salaries, interest on capital, and profit-sharing ratios.

3. Factory cost and unrealized profit calculation for inventory valuation in manufacturing accounts.

4. Job costing for painted toy inventory valuation, considering material, labor, and overhead costs.

5. Inventory adjustments for sale or return goods, faulty items, and post-year-end transactions.

6. Capital investment evaluation using net present value, accounting rate of return, and payback period for project selection.