Accounting 9706/12 Oct Nov 2022 | Cambridge AS Level Past Papers With Mark Scheme

1. Key journal entries for capital and revenue transactions, including non-current asset purchases and owner withdrawals.

2. Differentiation of capital and revenue expenditure for accurate depreciation and profit calculations.

3. Calculation of financial statement impacts due to inventory overstatement, depreciation errors, and loan adjustments.

4. Partnership account adjustments for goodwill, revaluation, and capital account settlements upon retirement or admission.

5. Break-even analysis and its correlation to total contribution, fixed, and variable costs under changing price or cost conditions.

6. Application of FIFO in inventory valuation, absorption costing impact on product pricing, and budgetary control systems for financial planning.