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 5(a)Question part (a)
a. The owner is aware that the 10 pm to 6 am shift is the least profitable but recognises the value of the all-night service to the town. The owner is prepared to operate the shift
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a. Calculate depreciation of the old vehicle for April. 1 mark a. 1 mark Working space Depreciation of the old vehicle for April $
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b. Record the disposal of the old vehicle in the General Journal. Anarration is not required. 5 marks b. 5 marks MusicMaxx General Journal Date Account Debit Credit 2025 o ° =) S H
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b. With reference to financial and ethical considerations, discuss whether the 10 pm to 6 am shift should be continued and make a recommendation to the owner. 6 marks Question Book
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c. Record the purchase of the new vehicle in the General Journal. Anarration is not required. 3 marks c. 3 marks MusicMaxx General Journal Date Details Debit Credit 2025
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d. Referring to one accounting element, explain the classification of Depreciation of Vehicles. 3 marks d. 3 marks e ® Explanation 5 = 2 H ° o [=] Answer Book e. 4 marks Explanatio
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e. Explain how the depreciation of a vehicle is consistent with the application of the Period assumption. 4 marks Question Book
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Question 6 (18 marks) AutoStuff4U sells auto parts and accessories, and reports quarterly. AutoStuffau Pre-adjustment Trial Balance at 31 March 2025 Account Debit Credit $ $ Accoun
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Question 6 (8 marks) Earthwrkx reports annually at 30 June. The accountant has provided the owner with the following chart to discuss the profitability of the business. Return on A
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a. Prepare General Journal entries to record the necessary correction and adjustments at 31 March 2025. Narrations are not required. 12 marks
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a. Explain why a decline in the Return on Assets should be of concern. 2 marks a. 2 marks Explanation
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b. Explain how both Sales and the Asset Turnover may increase yet the Return on Assets declines. 3 marks b. 3 marks Explanation Answer Book
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