Accounting 9706/13 Oct Nov 2020 | Cambridge AS Level Past Papers With Mark Scheme

1. Application of accounting concepts: materiality, consistency, and prudence in asset capitalization.
2. Profit or loss calculation on disposal of non-current assets using reducing balance depreciation.
3. Inventory valuation using lower of cost and net realizable value under financial reporting standards.
4. Partnership appropriation and dissolution accounting, including capital account adjustments.
5. Overhead absorption rate calculation and assessment of over- or under-absorbed overheads.
6. Cost-volume-profit analysis for profit planning, break-even, and margin of safety assessments.