Accounting 9706/32 May June 2015 | Cambridge AS Level Past Papers With Mark Scheme

1. Solution key for accounting multiple-choice questions, including concepts such as owner’s equity, error adjustments, goodwill, and profit margin.

2. Calculation and interpretation of financial metrics like return on capital employed, gearing, and liquidity.

3. Identification of correct journal entries for errors, provisions, and adjustments related to financial statements.

4. Use of International Accounting Standards to address inventory valuation, depreciation, and revenue recognition.

5. Partnership and company structure changes, including capital adjustments, share issuance, and goodwill amortization.

6. Overhead absorption rates, cost reconciliation, and financial planning in manufacturing and service industries.