AS & A Level Accounting (9706) — October–November 2023, Paper 23

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

Prepare an extract from the statement of profit or loss for the year ended 30 September 2023 commencing with the gross profit for the year.

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Question 2 · 15 marks

Calculate the trade receivables turnover (days) for the year ended 31 July 2023. State the formula used.

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Question 3 · 15 marks

Prepare the following ledger accounts to record the transactions: - Share capital - Share premium - Retained earnings Dates are not required.

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Question 4 · 30 marks

Explain one difference between marginal costing and absorption costing.

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