Accounting 9706/11 Oct Nov 2012 | Cambridge AS Level Past Papers With Mark Scheme

1. Adjustments for financial year-end insurance and their impact on income statements.

2. Effects of increasing doubtful debt provisions on profit and net trade receivables.

3. Accounting principles such as prudence, matching, and business entity applied in asset valuation and financial reporting.

4. FIFO method in inventory valuation to calculate gross profit and inventory turnover ratios.

5. Partnerships and profit-sharing adjustments including interest on loans, capital, and salary allocations.

6. Break-even analysis for single-product businesses, incorporating contribution/sales ratio and target profit levels.