Accounting 9706/11 May June 2023 | Cambridge AS Level Past Papers With Mark Scheme

1. Purpose of trial balance preparation for financial statement accuracy and error detection.

2. Treatment of capital and revenue expenditures, including their effects on profit and asset valuation.

3. Depreciation methods, disposal accounting, and impact on carrying values of non-current assets.

4. Importance of bank reconciliation to ensure accurate cash book and bank statement records.

5. Adjustments for inventory valuation, irrecoverable debts, and error corrections in control accounts.

6. Acid test and current ratio analysis for liquidity evaluation and strategies for short-term financial improvements.

7. Marginal costing applications, break-even analysis, and semi-variable cost management for decision-making.