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 1
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Question 1 (7 marks) Ezi Pools sells swimming pool accessories and reports annually on 31 March. All sales are for cash and all purchases are made on credit. The owner consulted wi
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a. Prepare the General Journal entry to establish a double entry system at 1 April 2026. A narration is not required. 5 marks a. 5 marks General Journal Date 2026 Details Debit $ C
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b. Prepare the Current Liabilities section of the Balance Sheet as at 1 April 2026. 2 marks b. 2 marks Ezi Pools Balance Sheet (extract) as at 1 April 2026 $ $ Current Liabilities
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Question 2 (9 marks) Shum Casual sells a variety of casual clothing to retailers across Melbourne. The business reports monthly. The business sells on both cash and credit terms, a
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a. Complete the Inventory Card for April. 3 marks a. 3 marks Inventory Card Item: Ironic Tee Supplier: Fluery Imports Cost assignment method: FIFO Date 2026 Document IN OUT BALANCE
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b. Prepare the General Journal entries to record the transactions on: • 16 April • 30 April. Narrations are not required. 4 marks b. 4 marks General Journal Date 2026 Details Debit
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c. Identify two advantages of maintaining separate inventory cards for each line of inventory. 2 marks Question Book c. 2 marks Advantage 1 Advantage 2
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Question 3 (5 marks) K&A Rowing sells rowing boats, trailers and equipment to clubs and schools across Australia. The business reports monthly and operates on a mark-up of 50%. On
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Question 4 (13 marks) PXL Furniture sells a range of furniture. Some products sold are made by a local Australian manufacturer, while others are imported from an overseas supplier.
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a. Complete the following General Ledger accounts at 31 March 2026: • Advertising • Prepaid Insurance • Unearned Sales Revenue • Allowance for Doubtful Debts 7 marks a. 7 marks Gen
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b. On 30 April 2026, advertising for April was paid, along with the overdue amounts (EFT 451). Record this payment in the General Journal. A narration is not required. 3 marks b. 3
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c. With reference to the definition of one accounting element, explain why the receipt of deposits is not recorded as revenue. 3 marks Question Book c. 3 marks Accounting element E
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2026 VCE (NHT) Accounting examination (PDF, 464.96 KB)How to use ClassConnect past exam questions
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