AS & A Level Accounting (9706) — May–June 2024, 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

K Limited provided the following extract from the company's draft statement of profit or loss for the year ended 31 December 2023. $ --- --- Revenue 870 500 Cost of sales (493…

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Question 2 · 15 marks

Nadiya maintains control accounts as part of the double-entry system of her business. The purchases ledger and sales ledger contain memorandum accounts only. State three benefits…

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Question 3 · 15 marks

Usman began selling goods on credit on 1 January 2021. He maintains an allowance for irrecoverable debts at each financial year end. Explain two accounting concepts which are…

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Question 4 · 30 marks

J Limited is a manufacturing company. Recently the directors decided to change the costing system from marginal costing to absorption costing. Explain each of the following terms…

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