VCE Past Exam Questions
Search 14,316 indexed VCE questions and parts across 19 subjects. Filter by topic, year, sitting and paper, then open the original source.
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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
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2026 VCE (NHT) Accounting examination (PDF, 464.96 KB)Question 1(a)Question part (a)
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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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