Accounting 9706/22 May June 2022 | Cambridge AS Level Past Papers With Mark Scheme

Partnership income statement and current account preparation, incorporating profit-sharing ratios, drawings, and interest on loans.

Comparison of partnerships and limited companies, highlighting financial flexibility, liability protection, and profit distribution.

Depreciation methods for non-current assets, including revaluation, disposal, and provision for reducing balance.

Calculation of key financial ratios, including trade payables, trade receivables turnover, and return on capital employed.

Overhead allocation and absorption rate determination, assessing production efficiency under absorption costing.

Marginal costing analysis for product profitability, decision-making under labor and material constraints.

Strategic evaluation of production alternatives, assessing financial and operational impacts of customer retention and order fulfillment.