AS & A Level Accounting (9706) — October–November 2023, Paper 21

4 questions · every question answerable online with instant point-by-point AI marking against the official mark scheme.

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Question 1 · 30 marks

Calculate the value of closing inventory at 30 September 2023.

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Question 2 · 15 marks

Explain one difference between a capital reserve and a revenue reserve.

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Question 3 · 15 marks

Yasmine has a retail business. She extracted a trial balance at 30 June 2023, the totals of which did not agree. State two types of error that will be revealed by a trial balance.

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Question 4 · 30 marks

Prepare a profit statement for each of the months August and September using absorption costing.

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