Accounting 9706/13 May June 2012 | Cambridge AS Level Past Papers With Mark Scheme

1. Correct journal entries for subscriptions, rent prepayments, and adjustments based on financial reporting principles.

2. Business expenditure classification for accurate cost allocation in financial statements.

3. Liquidity and profitability adjustments through bank reconciliation, closing inventory valuation, and corrected draft profits.

4. Partnership financial records: profit-sharing entries, goodwill valuation, and current account adjustments.

5. Financial ratio calculations: working capital management, return on capital employed, and liquidity enhancement strategies.

6. Costing methodologies for manufacturing: absorption, marginal, and job costing for decision-making and pricing strategies.