Accounting 9706/22 May June 2023 | Cambridge AS Level Past Papers With Mark Scheme

1. Preparation of the statement of profit or loss, incorporating depreciation, irrecoverable debts, and allowance adjustments.

2. Calculation of retained earnings post-bonus issue and assessment of its impact on financial flexibility and creditworthiness.

3. Preparation of cash book updates and bank reconciliation to ensure accurate financial records and rectify discrepancies.

4. Apportionment and absorption of factory overheads, with rates calculated for specific production departments.

5. Profit analysis under marginal costing for different production levels, including options for increasing profitability.

6. Recommendation on operational strategies, evaluating the financial impact of reduced selling prices versus new product introduction.