Accounting 9706/23 Oct Nov 2012 | Cambridge AS Level Past Papers With Mark Scheme

1. Preparation of manufacturing and income statements for YCAT, incorporating raw material costs, depreciation, and adjustments for rates and insurance.
2. Calculation of partners' capital and current accounts after admitting a new partner, including goodwill adjustments and appropriations for interest and salary.
3. Computation of contribution per unit and total profit for Alpha, Beta, and Gamma products, including profit maximization under material constraints.
4. Evaluation of a special order for Gamma, considering fixed costs, contribution, and profitability impact.
5. Application of the prudence concept with examples in financial statements, such as doubtful debts and depreciation.
6. Explanation of limited liability benefits when transitioning from partnership to limited company status.