Accounting 9706/21 May June 2011 | Cambridge AS Level Past Papers With Mark Scheme

1. Preparation of partner current accounts for Henry and Robin, incorporating interest on capital, salaries, and profit-sharing.
2. Calculation of partnership net profit based on income and appropriations.
3. Advantages of a partnership structure over sole proprietorships, emphasizing shared responsibilities and risk reduction.
4. Café income statement preparation, including gross profit and net profit calculation for Welcome Cricket Club.
5. Contribution margin, break-even analysis, and safety margin calculations for Largos Ltd's security cameras.
6. Marginal versus absorption costing income statement comparison for profitability analysis in camera manufacturing.