Accounting 9706/42 May June 2013 | Cambridge AS Level Past Papers With Mark Scheme

1. Calculation of share capital reduction and provisions for depreciation, impairment, and obsolescence, including retained earnings adjustments and impacts on Breskens plc financial position.

2. Preparation of partners’ capital and trading accounts with specific entries for goodwill, revenue, inventories, and gross profit adjustments.

3. Income and appropriation statements with details on general expenses, depreciation, bad debt, and salary allocations; analysis of profit-sharing among partners.

4. Preparation of sales and purchases schedules, including trade receivables and payables, alongside cash flow, discounts, and closing balances for Breskens plc.

5. Current assets and liabilities evaluation, emphasizing inventory valuation and trade receivables/payables balance.

6. Profitability analysis with calculations for contribution margin, variable costs, fixed costs, and profit percentages relative to sales and costs.