Accounting 9706/32 Oct Nov 2021 | Cambridge AS Level Past Papers With Mark Scheme

1. Calculation of draft profit and corrected profit for the year ending 31 December 2020, accounting for dishonored cheques, bonus shares, revaluations, reserves, and provision for customer compensation.
2. Preparation of the statement of financial position post-adjustments including revalued assets and unresolved sale or return transactions.
3. Profit calculation from vending machines, analysis of cash banked from subscriptions, and cash expenses for the year ending 30 June 2021.
4. Computation of earnings per share, price-earnings ratio, and dividend yield for 2019 and 2020, with explanations of variations.
5. Revision of budgeted profit using activity-based costing techniques for product-specific overhead allocations, including machine setup and quality inspection costs.
6. Net present value and payback period comparisons for two machinery options, evaluation of scrap values, and recommendation for investment choice.