Accounting 9706/13 Oct Nov 2012 | Cambridge AS Level Past Papers With Mark Scheme

1. Journal entries for depreciation, bad debts, discounts, and overdue account interest.

2. Capital and revenue expenditure differentiation, emphasizing vehicle-specific costs like number plates and fuel pumps.

3. Partnership financial adjustments for profit-sharing, capital contributions, and personal use of business inventory.

4. Inventory valuation using FIFO, selling price adjustments, and depreciation impacts on machine disposal.

5. Calculation of financial ratios: return on capital employed, inventory turnover, and liquidity ratios under different transaction scenarios.

6. Cost classification in production, including variable costs, overhead absorption, and marginal costing for profit analysis.