AS Level Accounting 9706 | June 2025 Paper 2 Variant 21 | Full Solution Yearly | -MAB

In this video, we provide a complete walkthrough and detailed explanation of the AS Level Accounting 9706 Paper 2 (Fundamentals of Accounting) for May/June 2025 Variant 21. This paper is essential for students preparing for Cambridge AS Level exams, covering core accounting concepts and exam techniques.

📝 Paper Details:
•⁠ ⁠Subject: AS Level Accounting
•⁠ ⁠Paper: 9706/21
•⁠ ⁠Session: May/June 2025
•⁠ ⁠Variant: 21
•⁠ ⁠Duration: 1 hour 45 minutes
•⁠ ⁠Total Marks: 90

🎯 What This Video Covers:

🔹 Question 1 – Financial Statements & Adjustments
•⁠ ⁠Preparation of Statement of Profit or Loss
•⁠ ⁠Accounting adjustments (accruals, prepayments, depreciation)
•⁠ ⁠Disposal of non-current assets
•⁠ ⁠Allowance for irrecoverable debts
•⁠ ⁠Statement of Financial Position (assets section)

🔹 Question 2 – Limited Company Accounts
•⁠ ⁠Advantages of limited company vs partnership
•⁠ ⁠Share issue & share premium calculations
•⁠ ⁠Dividend calculations
•⁠ ⁠Profit from operations
•⁠ ⁠Retained earnings account preparation

🔹 Question 3 – Ratio Analysis
•⁠ ⁠Gross profit margin & profit margin formulas
•⁠ ⁠Interpretation of profitability changes
•⁠ ⁠Liquidity ratios (current ratio & acid test ratio)
•⁠ ⁠Evaluation and comparison with similar businesses

🔹 Question 4 – Cost & Management Accounting
•⁠ ⁠Absorption costing concepts
•⁠ ⁠Overhead allocation and reapportionment
•⁠ ⁠Overhead absorption rates (OAR)
•⁠ ⁠Under/over absorption of overheads
•⁠ ⁠Labour efficiency and cost comparison
•⁠ ⁠Costing and pricing decisions (including profit margin)
•⁠ ⁠Marginal vs absorption costing discussion

💡 Why You Should Watch This Video:
✔ Full step-by-step solutions
✔ Exam-focused explanations
✔ Covers tricky adjustments and common mistakes
✔ Helps improve exam technique and time management
✔ Ideal for revision before exams

📚 Who Is This For?
•⁠ ⁠Cambridge AS Level Accounting (9706) students
•⁠ ⁠Students preparing for Paper 2 (Fundamentals)
•⁠ ⁠Anyone struggling with financial statements, ratios, or costing

🔥 Exam Tips Included:
•⁠ ⁠How to structure answers for maximum marks
•⁠ ⁠Common examiner expectations
•⁠ ⁠Key formats for financial statements
•⁠ ⁠Smart shortcuts for calculations

👍 If you find this video helpful, don’t forget to:
•⁠ ⁠Like 👍
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Видео AS Level Accounting 9706 | June 2025 Paper 2 Variant 21 | Full Solution Yearly | -MAB канала MAB ACADEMY