Accounting 9706/23 May June 2016 | Cambridge AS Level Past Papers With Mark Scheme

1. Preparing income statement, statement of changes in equity, and statement of financial position with adjustments for revaluation, depreciation, doubtful debts, and bonus shares.
2. Calculating financial ratios for liquidity, trade receivables turnover, trade payables turnover, and inventory turnover, and interpreting liquidity position.
3. Preparing partnership realization account, distribution of amounts due to partners, and discussing reasons for overdrawn current accounts.
4. Determining break-even point, margin of safety, and profit forecasts under different labor and production constraints for a manufacturing entity.
5. Evaluating financing options for debenture repayment, assessing their impact on profitability, and advising on the best course of action.
6. Explaining differences between capital and revenue reserves, and providing examples of each.