Accounting 9706/12 May June 2019 | Cambridge AS Level Past Papers With Mark Scheme

1. Accounting principles and depreciation: Duality concept in accounting equation, causes of depreciation, calculation of purchase price, and depreciation charge based on asset transactions.
2. Bank reconciliation and control accounts: Purpose of bank reconciliation, errors affecting sales ledger control accounts, and adjustments for irrecoverable debts and doubtful debts provisions.
3. Inventory valuation and profit adjustments: FIFO inventory valuation, correction of errors in discounts recorded, and calculating adjusted profit for sole traders.
4. Partnership changes and profit distribution: Goodwill valuation and payments, allocation of partnership profits including salary and loan interest, and accounting entries for goodwill upon partner admission.
5. Financial ratios and company performance: Calculation of operating expenses to revenue ratio, non-current asset turnover, impact of rights and bonus issues, and determination of current ratio.
6. Costing methods and break-even analysis: Effects of raw material price increases, stepped fixed costs, break-even chart preparation, and profit calculations based on contribution and fixed cost changes.