VCE Accounting Past Exam Questions
Browse VCE Accounting exam questions from 2015–2026, including NHT and VCE papers. Filter by topic, year and paper; open the original source.
Matching results: 665 indexed questions and parts.
Question 2(b)Question part (b)
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Estimated difficulty · Easy
b. Prepare the General Journal entry to record the transaction on 28 March. A narration is not required. 3 marks b. 3 marks Brite Goods General Journal Date 2023 Accounts Debit Cre
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c. When preparing the Budgeted Cash Flow Statement for April, the following information was provided: • Credit sales for April were estimated to be $88 000 (including GST). • It wa
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Report-based difficulty · MediumAverage marks: 67.5% of available · official reportFull marks: 25% of students · official report
c. Prepare the Current Assets section of the Balance Sheet as at 1 January 2023. 4 marks c. 4 marks FriendsEd Balance Sheet (extract) as at 1 January 2023 $ $ Current Assets
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Estimated difficulty · Medium
d. On 31 January the owner contributed their own vehicle, which had cost $38 000 (plus GST). The vehicle was recorded in the General Journal at its fair value of $27 000. Explain w
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Question 3 (9 marks) Console Corner sells computer games. The owner has been reviewing the business’s performance over the last three years and is concerned that Net Profit has dec
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Question 3 (16 marks) GKP Bytes sells computer equipment. The business reports monthly and uses the First In, First Out (FIFO) inventory cost assignment method. All purchases are o
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Estimated difficulty · Easy
a. Prepare the General Journal entries for 30 April arising from the information in the table. Narrations are not required. 4 marks a. 4 marks Working space GKP Bytes General Journ
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Report-based difficulty · MediumAverage marks: 58% of available · official reportFull marks: 14% of students · official report
a. Using the data and information provided above, explain to the owner why Net Profit has declined over the period. 5 marks a. 5 marks Explanation 7 2023 ACCOUNTING EXAM AB TURN OV
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Report-based difficulty · EasyAverage marks: 72.5% of available · official reportFull marks: 46% of students · official report
b. Explain two strategies that the owner could use to improve profitability. 4 marks 5 2023 ACCOUNTING EXAM QB TURN OVER b. 4 marks Strategy 1 Strategy 2 2023 ACCOUNTING EXAM AB 8
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Estimated difficulty · Easy
b. Explain how the printers should be valued at 30 April. Include the amount in your response. 4 marks b. 4 marks Explanation
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Estimated difficulty · Easy
c. Calculate the total value of inventory to be reported in the Balance Sheet as at 30 April. 2 marks c. 2 marks Working space Total value of inventory to be reported as at 30 Apri
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Estimated difficulty · Easy
d. When preparing budgets for May, it is estimated that: • purchases will be: 30 tablets @ $185 each (plus GST) with a total delivery cost of $150 (plus GST) • sales will be: – tab
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