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 7
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Estimated difficulty · Difficult
Question 7 (6 marks) Furniturez buys and sells furniture on credit with terms n/30 for both. It reports quarterly. After a decline in the cash balance in recent months, the account
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Report-based difficulty · MediumAverage marks: 68.3% of available · official reportFull marks: 39% of students · official report
a. Using the information provided, explain how the expansion of the business affects each section of the Cash Flow Statement in April and May. 6 marks a. 6 marks April Operating Ac
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Report-based difficulty · MediumAverage marks: 50% of available · official reportFull marks: 51% of students · official report
b. Calculate the budgeted bank balance at 31 May. 1 mark b. 1 mark Working space Budgeted bank balance at 31 May 2023 $ 15 2023 ACCOUNTING EXAM AB TURN OVER d o n o t w r i t e i n
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Report-based difficulty · MediumAverage marks: 50% of available · official reportFull marks: 10% of students · official report
c. Discuss whether the owner should be concerned about the liquidity of the business. 6 marks 2023 ACCOUNTING EXAM QB 10 c. 6 marks Discussion 2023 ACCOUNTING EXAM AB 16 D O N O T
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Estimated difficulty · Medium
Question 8 (13 marks) Dobba’s Enviroclean Supplies sells environmentally friendly cleaning products to schools, small businesses and the general public. It reports annually on 30 J
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Estimated difficulty · Medium
Question 8 (17 marks) BriQBats reports annually on 31 December. Pre-adjustment Trial Balance as at 31 December 2022 Debit $ Credit Accounts Payable 32 000 Accounts Receivable 27 00
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Estimated difficulty · Easy
a. Prepare the necessary adjusting entries in the General Journal on 31 December 2022. 6 marks a. 6 marks Working space BriQBats General Journal Date 2022 Accounts Debit Credit
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Report-based difficulty · EasyAverage marks: 70% of available · official reportFull marks: 33% of students · official report
a. Calculate the total cost of holding each vehicle over its useful life. 5 marks a. 5 marks Working space Electric vehicle $ Hybrid vehicle Cost price Fast charger – supply/instal
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Report-based difficulty · MediumAverage marks: 61.7% of available · official reportFull marks: 14% of students · official report
b. Discuss the financial and ethical issues relating to the vehicle purchase and make a recommendation to the owner. 6 marks b. 6 marks Discussion
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b. Referring to an accounting assumption, explain why an adjustment is required for prepaid rent. 3 marks b. 3 marks Accounting assumption Explanation 2023 ACCOUNTING EXAM AB (NHT)
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c. Justify the use of straight-line depreciation for the shop fittings. 3 marks c. 3 marks Justification
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Estimated difficulty · Easy
d. Calculate the total expenses for the year. 2 marks d. 2 marks Working space Total expenses for the year $
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