Accounting 9706/23 May June 2019 | Cambridge AS Level Past Papers With Mark Scheme

1. Financial statement preparation and adjustments: Income statement for D Limited, including cost of sales, administrative expenses, distribution costs, and finance costs. Adjustments for sale or return goods, depreciation, provision for doubtful debts, and accrued expenses.
2. Partnership dissolution and realization account: Reasons for partnership dissolution, preparation of realization account, and calculation of partner settlements during dissolution.
3. Control account reconciliations: Benefits of maintaining control accounts, adjustments to purchases and sales ledger control accounts, and reconciliation of control account discrepancies.
4. Budgeting and profit analysis: Calculation of fixed and variable selling expenses, contribution, and total budgeted profit. Analysis of a special order considering production capacity, material cost changes, and financial feasibility.
5. Cost–volume–profit analysis: Evaluation of additional orders, impact on profitability, and advice on order acceptance considering financial and non-financial factors. Identification of benefits and limitations of cost–volume–profit analysis in business decisions.