AS & A Level Accounting (9706) — May–June 2025, 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

Bilal runs a service business. The following information is available for the year ended 31 December 2024. $ --- --- Cash fees received 78 440 Credit fees received 34 290 Rent…

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Question 2 · 15 marks

Ben and George were partners who converted their partnership into a limited company, M Limited. Explain two benefits to Ben and George of converting their business to a limited…

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Question 3 · 15 marks

Khaled owns a retail business. The following information is available. Ratio 2024 2023 Industry average --- --- --- --- Gross profit margin 48% 45% – Profit margin 12% 13% –…

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Question 4 · 30 marks

Ameerah owns a manufacturing business with two production departments (Processing and Assembly) and two service departments (Maintenance and Stores). Define the term 'cost centre'.

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