Accounting 9706/41 May June 2013 | Cambridge AS Level Past Papers With Mark Scheme

1. Preparation of partners' capital accounts considering goodwill valuation, asset revaluation, and changes in partnership terms, including retirement adjustments and loan creation.
2. Calculation of partnership income statement and appropriation account for two specified periods, incorporating adjustments for inventory damage, prepaid rent, and accrued expenses.
3. Explanation of financial instruments, focusing on the terms "participating preference shares" and "convertible loan stock."
4. Computation of non-current asset data, including cost, accumulated depreciation, and net book value, with adjustments for new purchases, disposals, and annual depreciation.
5. Preparation of financial statements, including the income statement, statement of changes in equity, and statement of financial position, with specific treatment of dividends, prepaid expenses, and accrued costs.
6. Development of sales, production, and raw material purchase budgets, inventory valuation, and summarised manufacturing and trading accounts, highlighting budgetary control advantages and disadvantages.