Accounting 9706/23 Oct Nov 2011 | Cambridge AS Level Past Papers With Mark Scheme

1. Income statement and appropriation account for Carl and Daniel, incorporating partnership salary, interest on capital, and drawings adjustments.
2. Preparation of partners’ current accounts in columnar format, reflecting capital contributions, drawings, and residual profit sharing.
3. Ledger accounts for motor vehicles, depreciation provision, and disposal of assets, including gain or loss on disposal.
4. Statement of financial position for Hamilton Social Club, highlighting loan-financed equipment purchase and adjustments for inventory net realizable value.
5. Gross profit calculations for Redwood Manufacturing Ltd using both marginal and absorption costing, with reconciliation of profit differences over three years.
6. Depreciation provisions on non-current assets to reflect wear and tear, ensuring accurate asset valuations and profit measurements.