Accounting 9706/22 Oct Nov 2022 | Cambridge AS Level Past Papers With Mark Scheme

1. Adjustments in financial statements for bonus shares, interim dividends, property revaluation, and doubtful debts provisions.

2. Preparation and reconciliation of sales ledger control accounts, highlighting the prevention of fraud through systematic control.

3. Calculation of efficiency ratios, including trade receivables and payables turnover, and liquidity ratios like current and acid test.

4. Cost-volume-profit analysis for contribution, break-even, and margin of safety, guiding profitability decisions.

5. Marginal costing strategies, evaluating proposed cost changes, and their impact on profit and sales targets.

6. Advantages of cost-volume-profit analysis for decision-making, alongside its limitations in dynamic business environments.