Accounting 9706/12 Oct Nov 2016 | Cambridge AS Level Past Papers With Mark Scheme

1. Application of the matching concept in financial transactions, including depreciation and revenue expenditure classification.

2. Recording credit-side transactions in disposal accounts, emphasizing cost, depreciation, and sale proceeds.

3. Calculating the original cost of a machine from accumulated depreciation, profit on disposal, and sale proceeds.

4. Classification of capital and revenue expenditures, focusing on installation, upgrades, depreciation, and repairs.

5. Reconciliation of cash book balance with bank statement, addressing bank charges, dishonored cheques, and bank errors.

6. Determining the correct balance of sales ledger control accounts, incorporating errors in customer accounts, contras, and nominal ledger postings.