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 1(a)Question part (a)
a. Prepare the General Journal entry to record Document 1. A narration is not required. 4 marks a. 4 marks MainRoad Electrics General Journal Date 2025 Details Debit $ Credit
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a. 4 marks CardXtra Inventory Card Item: Basketball Booster Packs Cost assignment method: FIFO Supplier: Card2U Date Document IN out BALANCE 2025 Qty | Cost | Total | Qty Cost Tota
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b. 4 marks Working space Sales $ CostofSales = §
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b. Explain how credit notes can be used as a non-financial indicator of business performance. 2 marks Question Book Document 2 MainRoad Electrics EFT payment number: 2113 Date: 10
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c. 2 marks Effect on the Balance Sheet Id I ® 2 £ 8 H ° = o [=]
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c. Show how the following two accounts would appear in the General Ledger at 31 March 2025: • Prepaid Advertising • Advertising 4 marks c. 4 marks MainRoad Electrics General Ledger
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d. 1 mark CardXtra Income Statement Variance Report (extract) for the month ended 31 January 2025 Item Budget Actual Variance Favourable/ Unfavourable Cost of Sales. 85000 78000 An
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d. With reference to one qualitative characteristic, explain the importance of documents in the accounting process. 3 marks d. 3 marks Qualitative characteristic Explanation
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e. 2 marks Reason 1 Reason 2
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Question 2 (11 marks) On 1 January 2025, Yumm Petfoods commenced operations. The business reports every six months and uses the Identified Cost inventory cost assignment method. In
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Question 2 (19 marks) Sportz5000 sells sporting equipment. Sales are made on both a cash and credit basis, with credit terms of 2/10, n/30. The business reports monthly. Sportz5000
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a. Calculate the Bad Debts expense to be reported in the Income Statement for February. 3 marks
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