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.
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Question 2(b)Question part (b)
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Estimated difficulty · Easy
b. Record the necessary balance day adjustment required on 31 January in the General Journal. A narration is not required. 2 marks b. 2 marks Electrix Warehouse General Journal Dat
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Report-based difficulty · MediumAverage marks: 55% of available · official reportFull marks: 18% of students · official report
b. One year ago, on 1 July 2021, BAX had: • increased its selling price by 5% • increased the annual advertising budget by 20% • borrowed $250 000 to finance a renovation of its pr
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c. Explain why inventory is valued at the lower of cost and net realisable value. 4 marks c. 4 marks Explanation 5 2022 ACCOUNTING EXAM AB (NHT) TURN OVER d o n o t w r i t e i n t
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d. Complete the Inventory ledger account at 31 January 2022. 6 marks d. 6 marks Working space Electrix Warehouse General ledger Inventory Date 2022 Cross-reference Amount Date Cros
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e. Prepare an extract of the Income Statement up to and including Adjusted Gross Profit. 4 marks 2022 ACCOUNTING EXAM QB (NHT) 4 e. 4 marks Electrix Warehouse Income Statement (ext
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Question 3 (9 marks) Droon Designs sells furniture. The business reports annually on 30 June. The furniture includes lounge suites imported from overseas. In May 2022, Droon Design
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Question 3 (11 marks) Fast Cups is a business that sells takeaway coffees to commuters from a coffee stall next to a busy train station: • Each coffee is sold for $4.00 (plus GST).
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Estimated difficulty · Easy
a. Complete the tables provided to show the effects of each of the following three scenarios on sales, cost of sales and gross profit: • Scenario A – Keep using current cups and co
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Report-based difficulty · EasyAverage marks: 70% of available · official reportFull marks: 58% of students · official report
a. Explain how the two delivery costs should be treated. 4 marks a. 4 marks Explanation
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Report-based difficulty · MediumAverage marks: 54% of available · official reportFull marks: 10% of students · official report
b. After opening the shipping container, the owner finds that, instead of the 50 chairs that were ordered and paid for, 80 chairs have been delivered. The overseas supplier is unaw
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b. Using the information provided, discuss the ethical and financial issues. 6 marks 5 2022 ACCOUNTING EXAM QB (NHT) TURN OVER b. 6 marks Discussion 2022 ACCOUNTING EXAM AB (NHT) 8
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Question 4 (12 marks) VIMT Furniture sells a range of home furnishings on credit. Credit terms are n/30. The business reports quarterly. During the January–March quarter, net credi
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