Accounting 9706/42 Oct Nov 2011 | Cambridge AS Level Past Papers With Mark Scheme

1. Dissolution of partnership with detailed accounts for dissolution, partners’ capital adjustments, and bank transactions.

2. Investment evaluation for debentures versus shares, focusing on yield analysis and annual income projections.

3. Income statement preparation with adjustments for depreciation, revaluations, and dividends in compliance with IAS 10 on post-financial statement events.

4. Cash budget and income statement projections based on sales, purchases, discounts, expenses, depreciation, and inventory changes.

5. Application of IAS 10 principles for distinguishing adjusting versus non-adjusting events and their financial statement treatments.