Accounting 9706/22 Oct Nov 2011 | Cambridge AS Level Past Papers With Mark Scheme

1. Trading and profit and loss account preparation for sole traders, incorporating inventory adjustments, prepaid expenses, and accrued liabilities.

2. Fixed asset calculations, including depreciation using both straight-line and reducing balance methods.

3. Sales ledger control account adjustments to reconcile with trade receivables, correcting errors in entries, discounts, and bad debts.

4. Financial ratio calculations, such as return on capital employed, inventory turnover, and liquid ratio for business analysis and comparison.

5. Contribution margin and break-even analysis to evaluate production efficiency and profitability, including margin of safety assessments.

6. Budget analysis and investment decision-making, incorporating fixed cost implications, capital requirements, and operational risks.