VCE Past Exam Questions
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Question 7(c)Question part (c)
c. Record the necessary adjusting entries in the General Journal at 31 March 2026. Narrations are not required. 4 marks c. 4 marks General Journal Date 2026 Details Debit $ Credit
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d. Calculate the total value of Inventory to be reported in the Balance Sheet as at 31 March 2026. 2 marks Question Book d. 2 marks Working space Total value of Inventory as at 31
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Question 8 (9 marks) Molly’s Electricals sells a range of household appliances and reports annually on 31 December. As a service to customers, Molly’s Electricals offers free deliv
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a. Prepare the Disposal of Van account in the General Ledger on 31 December 2025. 4 marks a. 4 marks General Ledger Disposal of Van Date 2025 Cross-reference Amount Date 2025 Cross
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b. Prepare the General Journal entry to record the payment on 31 December. A narration is not required. 3 marks b. 3 marks General Journal Date 2025 Details Debit $ Credit Answer B
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c. A friend of the owner asked, ‘Why do you depreciate your non-current assets?’ The owner replied, ‘Well, it means that each year the Balance Sheet shows their current market valu
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Question 9 (15 marks) MGV Stationers is preparing its Cash Flow Statement for the month ended 30 April 2026. Sales are made on a cash basis and inventory is purchased on credit ter
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a. Complete the Accounts Payable account in the General Ledger for April. 4 marks a. 4 marks General Ledger Accounts Payable Date 2026 Cross-reference Amount Date 2026 Cross-refere
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b. Prepare the Operating Activities section of the Cash Flow Statement for April. 6 marks b. 6 marks MGV Stationers Cash Flow Statement (extract) for the month ended 30 April 2026
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c. Justify the amount reported for Advertising in the Cash Flow Statement. 3 marks c. 3 marks Justification
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d. In March, Net Cash Flow from Operating Activities was $31 000. However, the Cash Flow Statement for March showed there had been a decrease in the cash position of $14 000. Compl
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Question 1 When comparing cellular respiration and the combustion of glucose, which statement is correct for both reactions? A. Oxygen is reduced. B. The enthalpy is positive. C. A
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