Accounting 9706/33 May June 2023 | Cambridge AS Level Past Papers With Mark Scheme

1. Preparation of partnership capital and bank accounts for business takeovers, including calculations for profit and acquisition payments.

2. Use of financial ratios to assess performance, including working capital cycle and gearing ratio calculations.

3. Manufacturing account preparation, incorporating direct and indirect costs to calculate production cost.

4. Statement of profit or loss preparation, integrating unrealized profit adjustments for accurate financial reporting.

5. Audit significance, ensuring financial statements provide a true and fair view, enhancing reliability and stakeholder trust.

6. Advice on working capital management strategies, comparing industry benchmarks to optimize liquidity and operational efficiency.