AS & A Level Accounting (9706) — October–November 2023, Paper 32

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Question 1 · 25 marks

Read Source A in the insert. Calculate the values of the following at cost: - inventory of finished goods at 1 July 2022 - cost of production - inventory of finished goods at 30…

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Question 2 · 25 marks

Read Source B in the insert. Calculate the balance on the life membership fund after the transfer to the income and expenditure account on 31 May 2023.

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Question 3 · 25 marks

Read Source C in the insert. Prepare the corrected statement of cash flows for the year ended 31 December 2022 in accordance with IAS 7.

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