Accounting 9706,21 Oct Nov 2024 | Cambridge AS - A Level Past Papers With Mark Scheme

1. Financial Statements Preparation | Statement of profit or loss, adjustments for inventory, irrecoverable debts, depreciation, and finance costs.

2. Accounting Adjustments & Control Accounts | Correcting errors in journal entries, preparing suspense accounts, and revising sales and purchase ledger control accounts.

3. Fixed Assets & Depreciation | Motor vehicle transactions, provision for depreciation, interest-free loan accounting, and comparison of straight-line vs. reducing balance methods.

4. Costing & Overhead Allocation | Definitions of cost concepts, overhead apportionment, absorption rate calculations, and identifying under-/over-absorbed costs.

5. Pricing & Quotation Analysis | Budgeted labor rates, total selling price estimation, and financial decision-making regarding customer discount proposals.

6. Financial Decision Making | Assessment of debenture issuance, evaluation of cost structures, and financial implications of business expansion strategies.