Accounting 9706/21 Oct Nov 2014 | Cambridge AS Level Past Papers With Mark Scheme

1. Corrected profit and statement of financial position preparation for a sole trader, adjusting for purchase credit notes, inventory valuation, and loan interest.

2. Bank reconciliation with updated cash book entries for discrepancies like unrecorded bank charges, dividends, and returned cheques.

3. Partnership capital and current accounts incorporating goodwill adjustments, drawings, profit sharing, and error corrections for dishonored cheques and personal expenses.

4. Contribution and batch-level profitability calculations for products, assessing production constraints and demand.

5. Maximum profit analysis based on fixed production capacities and contractual obligations for specific product units.

6. Evaluation of outsourcing decisions for product procurement, considering cost, flexibility, and production constraints.