Accounting 9706/23 May June 2023 | Cambridge AS Level Past Papers With Mark Scheme

1. Valuation of damaged inventory, considering net realizable value adjustments and accounting concepts.

2. Statement of profit or loss preparation, incorporating depreciation, irrecoverable debts, and prepayments.

3. Trial balance error corrections, including suspense account reconciliation and journal entries.

4. Differences between capital reserves and revenue reserves, emphasizing dividend payout policies and financial flexibility.

5. Marginal costing applications for break-even analysis, margin of safety, and production capacity decisions.

6. Evaluation of customer order options using contribution analysis, and recommendations balancing profitability and operational factors.

7. Benefits of absorption costing, ensuring full cost recovery and appropriate pricing strategies.