Accounting 9706/23 May June 2018 | Cambridge AS Level Past Papers With Mark Scheme

1. Partnership financial adjustments: Depreciation on non-current assets, adjustments for machinery disposal, and calculation of revised profit before appropriation for Carlos and Erika's partnership.
2. Partnership appropriation and current accounts: Distribution of profits based on capital ratios, interest on capital and drawings, and preparation of current accounts reflecting partner contributions and withdrawals.
3. Financial ratios and working capital assessment: Calculation of trade receivables and payables, analysis of inventory turnover, and evaluation of working capital position for liquidity management.
4. Sole trader financial statement preparation: Trading section of income statement for Warren, adjustments for goods on sale or return, and provisions for irrecoverable debts.
5. Suspense account adjustments and error types: Identification of errors that will not be revealed by a trial balance, uses of suspense accounts, and correcting entries in the suspense account for David.
6. Costing and profit analysis: Contribution margin calculation for DP Limited, analysis of profit or loss from promotional activities, break-even analysis, and determination of overhead absorption rate.