Accounting 9706/21 May June 2015 | Cambridge AS Level Past Papers With Mark Scheme

1. Income statement preparation for a sole trader, incorporating depreciation, provision for doubtful debts, and adjustments for drawings and inventory.

2. Statement of financial position with detailed calculations for assets, liabilities, and equity, including rent adjustments and trade receivables provisions.

3. Cost-volume-profit analysis, including contribution per unit, break-even point, margin of safety, and profitability projections under different proposals.

4. Formula and explanation of non-current asset turnover, and its implications for asset utilization and operational efficiency.

5. Decision-making analysis for business expansion options like loans versus overdrafts, evaluating advantages and disadvantages of each financing method.

6. Assessment of manufacturing decisions, comparing revised profits under alternative strategies such as price adjustments or discontinuing a product line.