Accounting 9706/41 Oct Nov 2014 | Cambridge AS Level Past Papers With Mark Scheme

1. Dissolution of a partnership, including the preparation of realization, capital, and bank accounts to account for asset sales, liability settlements, and distribution of residual funds.

2. Preparation of income statements, statements of changes in equity, and financial position statements with detailed breakdowns, incorporating inventory turnover, gross profit margin, and administrative expenses.

3. Process costing in manufacturing, calculating normal loss percentages, and evaluating the cost of work-in-progress across multiple production stages.

4. Cost analysis for product orders, detailing direct material, labor, variable and fixed overheads, and assessing profitability against target margins.

5. Performance comparison using financial ratios such as inventory turnover, trade receivables/payables turnover, current ratio, and gearing to evaluate operational and financial efficiency against industry benchmarks.

6. Evaluation of proposed customer order profitability, aligning the order price with the company’s required profit margins and production cost structures.