Accounting 9706/21 May June 2016 | Cambridge AS Level Past Papers With Mark Scheme

1. Preparation of financial statements for limited companies, including income statements, statements of financial position, and statements of changes in equity.
2. Depreciation and revaluation of non-current assets, calculation of provision for doubtful debts, and adjustments for bonus share issues.
3. Calculation and interpretation of liquidity and efficiency ratios, including current ratio, liquid ratio, inventory turnover, trade receivables turnover, and trade payables turnover.
4. Dissolution of partnerships, preparation of realization accounts, and calculation of partner balances during dissolution.
5. Break-even analysis, including break-even charts, margin of safety, and contribution per unit for product decision-making.
6. Decision-making under constrained resources, evaluating alternatives like overtime or outsourcing to meet production demand.