Accounting 9706/13 May June 2023 | Cambridge AS Level Past Papers With Mark Scheme

1. Partnership advantages, including shared responsibilities and access to capital.

2. Trial balance uses, ensuring accuracy in ledgers and aiding financial statement preparation.

3. Revenue versus capital expenditure differentiation, focusing on cost classification for assets and operations.

4. Depreciation purpose, matching costs to revenue periods, and determining non-current asset values.

5. Bank reconciliation benefits, resolving cash book and bank statement discrepancies.

6. Marginal costing applications, including break-even point, contribution analysis, and just-in-time inventory benefits.

7. Cost center versus cost unit definitions, and job costing relevance for custom production scenarios.