Accounting 9706/43 Oct Nov 2010 | Cambridge AS Level Past Papers With Mark Scheme

1. Calculation of partners’ current account opening balances for Boris and Cheong, including profit-sharing adjustments and interest corrections.
2. Net profit correction for Boris and Cheong, considering errors in depreciation, bad debts, and sales recording.
3. Appropriation account preparation to allocate profits and interest adjustments between partners.
4. Analysis of the advantages of maintaining separate capital and current accounts for partnership clarity.
5. Income statement and balance sheet preparation for Sanaa Malik Ltd, including retained earnings and dividend adjustments.
6. Process costing for DC Ltd's NK1 product, involving normal loss calculations and the valuation of work in progress.