Accounting 9706/22 Oct Nov 2017 | Cambridge AS Level Past Papers With Mark Scheme

1. Sole trader financial adjustments: Preparation of corrected income statement, statement of financial position, and advice on creating a provision for doubtful debts.
2. Sales ledger control account: Updating sales ledger control account balances, and identifying advantages of maintaining a sales ledger control account for Trott’s business.
3. Depreciation and asset disposal: Calculation of depreciation for plant and equipment, preparation of motor vehicle disposal account, and explanation of accounting concepts for depreciation.
4. Break-even and profitability analysis: Calculation of break-even point, margin of safety, and maximum profit for J Limited’s leather suitcase production, along with evaluation of a new contract offer from Bart and a price increase strategy.
5. Budgetary control benefits: Identification of financial benefits of budgetary control systems for enhancing financial management and decision-making processes.