Accounting 9706/13 Oct Nov 2013 | Cambridge AS Level Past Papers With Mark Scheme

1. Accounting for prepaid and accrued expenses, adjusting gross profit for unearned revenue, and reconciling trial balance discrepancies.
2. Classification of transactions into general journal entries, including depreciation, doubtful debts, and contra entries between ledgers.
3. Inventory valuation under sale or return agreements, consistent with prudence and matching principles.
4. Partnership adjustments, including profit-sharing, goodwill allocation, and changes in partnership composition.
5. Cost and efficiency analysis, focusing on prime costs, direct and indirect costs, and production variances.
6. Financial ratio calculations, including non-current asset turnover, working capital changes, and cost control assessment.
7. Break-even analysis, budgeting for sales and production, and decision-making under resource constraints.