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 5
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Question 5 (20 marks) Sid’s Showers operates from its warehouse headquarters in Melbourne. Most of the business’s sales are made by four sales representatives (sales reps) employed
Search excerpt only. Open the original question for exact equations and diagrams.Source: 2026 VCE (NHT) Accounting examination (PDF, 464.96 KB)Question 5(a)Question part (a)
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a. Prepare the Budgeted Income Statement for the year ending 31 March 2027. 6 marks a. 6 marks Working space Sid’s Showers Budgeted Income Statement for the year ending 31 March 20
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b. Justify the owner’s comment on vehicle expenses that ‘The depreciation amount will be lower again this year …’ 3 marks Additional information for parts c and d One of the sales
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c. Complete the table to show the effect on Budgeted Net Profit if this strategy were adopted. 5 marks c. 5 marks Working space Effect on Budgeted Net Profit Change ($) Increase or
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d. With reference to financial and ethical considerations, discuss whether this strategy should be adopted and make a recommendation to the owner. 6 marks Question Book d. 6 marks
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Question 6 (10 marks) GN Glasses buys all inventory on credit and all sales are for cash. In October 2025, its main supplier changed credit terms from n/30 to 5/14, n/30. GN Glasse
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a. Explain why taking the discount offered will not lead to an increased Gross Profit Margin. 2 marks a. 2 marks Explanation
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b. Explain why the business is experiencing liquidity problems even though the Working Capital Ratio has increased over the quarter. 4 marks b. 4 marks Explanation Answer Book
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c. The owner is concerned about the slower Inventory Turnover. A review of inventory identified several slow-moving inventory items. The owner decided that these items should be di
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Question 7 (12 marks) JustPhonz sells mobile phones and reports quarterly. New models of phones are released at the end of April each year. Any phones on hand at 31 March are reduc
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a. Justify, with reference to one accounting assumption, why inventory is valued at the lower of cost and NRV. 3 marks a. 3 marks Accounting assumption Justification
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b. Calculate the unit value at which each phone model will be reported as part of inventory at 31 March 2026. 3 marks b. 3 marks Model A Working space Unit value $ Model B Model C
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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