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Accounting 7707/22 Oct Nov 2024 | Cambridge O-Level Past Papers With Mark Scheme

1. Cash Book & Ledger Maintenance | Recording business transactions in a cash book, preparing a trade receivables ledger account, interpreting bank balances.

2. Capital & Profit Calculations | Computing opening and closing capital, adjusting for capital introduced and drawings, calculating annual profit.

3. Sales, Purchases & Credit Transactions | Determining total credit purchases and sales, analyzing bookkeeping costs, evaluating the need for a professional bookkeeper.

4. Provision for Doubtful Debts & Accounting Principles | Applying the prudence concept, assessing its impact on financial statements, making journal adjustments.

5. Non-Profit Organization Accounting | Preparing café income statements, maintaining a subscriptions account, compiling an income and expenditure account.

6. Company Accounting & Equity Management | Differentiating public vs. private companies, preparing a statement of changes in equity, recording share dividends.

7. Financial Position & Capital Raising Decisions | Extracting equity and reserves, evaluating funding options between issuing shares and debentures.

8. Financial Ratios & Liquidity Analysis | Calculating inventory, trade receivables, and payables turnover, assessing business liquidity and financial efficiency.

9. Credit Control & Receivables Management | Evaluating the use of a debt collection agency, suggesting alternative strategies for reducing receivables turnover.

10. Error Corrections & Accounting Adjustments | Journal entries for personal use of inventory, effects on profit and capital, rectifying financial misstatements.
CIE O-Level Accounting (7707) Nov 2024

Laura Bellini

Classification: Paper 2
Page count: 24
Viewed: 23
Last update: 2 months ago
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