Accounting 9706/12 Oct Nov 2010 | Cambridge AS Level Past Papers With Mark Scheme

1. Adjustment of net profit based on accrual and prepayment accounting, affecting rent expense recognition.
2. Depreciation calculation for non-current assets with reconciled purchase and disposal values.
3. Impact of closing inventory overvaluation on overstated net current assets and net profit.
4. Residual profit sharing between partners after accounting for interest on drawings and partner salaries.
5. Break-even analysis for product X, determining required sales to cover total fixed costs under dual-product scenario.
6. Job costing adjustments due to additional labor hours, affecting overall profit margins.
7. Impact of using marginal costing for inventory valuation, emphasizing differences in operating profit.
8. Calculation of trade receivables after offsetting customer credits, ensuring control account accuracy.
9. Ratio analysis for quick (acid test) and current ratios, reflecting liquidity status and inventory impact.
10. Factory overhead absorption and allocation using direct labor hours, analyzing cost control efficiency.