Accounting 9706/21 May June 2021 | Cambridge AS Level Past Papers With Mark Scheme

1. Application of accounting concepts like matching and prudence in financial statements preparation.
2. Partnership capital account adjustments for new partner admission, including goodwill, asset revaluation, and capital contribution.
3. Bonus share issue calculations, including number of shares and journal entries, and considerations for dividend proposals.
4. Budgeted marginal cost statements and break-even analysis to meet profit targets for manufacturing operations.
5. Evaluation of manufacturing proposals, comparing superior and simpler product versions based on profit, costs, and operational changes.
6. Definition and application of direct costs, stepped costs, and limiting factors in cost accounting.