Insight 2007 Exam

[boppyhead]

I was just wondering if anybody has done the Insight 2007 Exam because i think there are several mistakes in it.

Here are some you may be able to help with without having done the exam;
- For credit purchases of stock, if there is a period cost involved, how do we record it? 
Does this require a general journal entry, because if it goes into the purchases journal it will be counted as part of the unit cost. (Q1.2.1)
- If there is a prepaid rent cash outflow, does this mean that there should be a GST paid cash outflow? (Q2.1.4)
- For the purchase of a non-current assets, if you pay part of it in cash on the same day, how do you record it? Do you put the total cost of the NCA into the general ledger and then record the cash payment in the CPJ or do you reduce the amount paid in cash from the NCA (and also the sundry creditor entry) and also have the cash payment in the CPJ? (Q 1.3.1)

And also these ones if you have done it;
- Q 1.2.3 The date of transaction (should be 29th not 30th?)
- Q 2.1.1 F/U for Net Profit?

Thx.