ATAR Notes: Forum

VCE Stuff => VCE Business Studies => VCE Subjects + Help => VCE Accounting => Topic started by: snake86 on June 09, 2009, 05:27:01 pm

Title: Accounting Exam - How did everyone go?
Post by: snake86 on June 09, 2009, 05:27:01 pm

Just finished my exam and reckon I did pretty well. prob around 170/180
How did everyone else go? And what questions did you get stuck on if any? (I've got the question book which I can post up later)

Title: Re: Accounting Exam - How did everyone go?
Post by: sdhains on June 09, 2009, 05:45:55 pm

Yeah pretty well it think.. My biggest trouble was on the Last page when it stated 'rent is paid three months in advance. three payments of $4000 were made in January, March and June 2009'.
The general journal entry for prepaid expense on June 30th:
Rent DR 10667
Prepaid Rent CR         10667

(Rounded up 10666.66666666666reoccuring)
This is becuase it is a 6 monthly reporting period
is that what you all got?

Title: Re: Accounting Exam - How did everyone go?
Post by: nbalakers24 on June 09, 2009, 05:48:09 pm

join the discussion http://vcenotes.com/forum/index.php/topic,14314.0.html

we got alot of different amounts

Title: Re: Accounting Exam - How did everyone go?
Post by: geeza23 on June 09, 2009, 06:05:43 pm

yeah not too bad either i'll be disappointed if i didnt get an A+