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April 27, 2024, 01:44:09 pm
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Author Topic: 1.3.5 2011 VCAA Exam (U3)  (Read 790 times)  Share 

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elmoodo

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1.3.5 2011 VCAA Exam (U3)
« on: May 23, 2012, 10:30:13 pm »
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Hey guys,

I did the 2011 VCAA exam today, and had no clue on 1.3.5

How does it have no effect on the accounting equation? The VCAA assessors report is just too confusing for me to understand.

I had the answer overstated by $55

Thanks
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BoredSatan

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Re: 1.3.5 2011 VCAA Exam (U3)
« Reply #1 on: May 23, 2012, 11:47:43 pm »
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oooh I DID THIS QUESTION LAST YEAR AND GOT IT RIGHT! :D was so proud of myself

its because the error or whatever the information was, will be picked up during the physical stocktake. Thus the actual amount of stock in your stock card will be the same. Therefore No Effect
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Somye

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Re: 1.3.5 2011 VCAA Exam (U3)
« Reply #2 on: May 24, 2012, 10:14:18 pm »
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.... worst question, remember coming to school the next day and hearing about that one! hahaha, probably one of the trickier questions in the last couple of years ;P
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