Accounting 9706/21 Oct Nov 2021 | Cambridge AS Level Past Papers With Mark Scheme

1. Calculation of total revenue, cash expenses, and income statement, considering irrecoverable debts, provision for doubtful debts, and sold equipment valuations.
2. Statement of changes in equity for G Limited, accounting for rights issues, bonus shares, dividends, and property revaluation adjustments.
3. Adjusted sales ledger control account and reconciliation of ledger balances with error corrections such as discounts allowed, credit transfers, and contras.
4. Contribution per unit for Ess, Tee, and Ewe products; calculation of maximum monthly contribution and profit under marginal costing techniques.
5. Impact of limited direct labor hours on maximum profit and analysis of overtime premium and bonus payments to mitigate labor shortages.
6. Explanation of debenture characteristics, advantages of budgetary control systems, and disadvantages of offering bonus payments in business contexts. e.