Accounting 9706/22 Oct Nov 2020 | Cambridge AS Level Past Papers With Mark Scheme

1. Preparation of incomplete records, including bank balance calculation and income statement.
2. Analysis of gross margin, mark-up, and profit margin to assess profitability.
3. Evaluation of depreciation methods, applying straight-line, reducing balance, and units of production based on asset use.
4. Partnership dissolution accounts, including realization, capital, and bank accounts.
5. Comparison of inventory valuation methods: FIFO, LIFO, and AVCO, with advantages for each.
6. Financial statements using marginal and absorption costing, reconciling differences in profit calculation.