ATAR Notes: Forum

Archived Discussion => 2009 => Mid-year exams => Exam Discussion => Victoria => Accounting => Topic started by: rhjc.1991 on June 14, 2009, 02:23:59 am

Title: 2009 Accounting Unit 3 Exam Suggested Solutions
Post by: rhjc.1991 on June 14, 2009, 02:23:59 am
Here are my suggested solutions.

I do not guarantee that they are all correct, in fact, I think I could have made quite a few errors. If you see one, post a reply with an errata.

For detailed solutions to questions involving ledgers and such, I would need to scan them at school or something, since I do not have a scanner myself.

Errata:
Q1.5.3: $63200
Q2.4.2: $8000 for Rent (just to clarify, not an error)
Q2.5.2: $73400 (? not too sure, haven't got time to check)

Disclaimer:
There seems to be a lot of errors in my exam. Sorry about that. I won't be correcting it for sometime due to a string of SACs. If any errors, feel free to post your angry complaints below.  ;)

If you want a better set of solutions, wait for Jamison's.
Title: Re: 2009 Accounting Unit 3 Exam Suggested Solutions
Post by: lalala on June 14, 2009, 01:02:18 pm
I think the answer to 1.5.3 is wrong. I think it should be 63200 as it is a POST adjusted trial balance.
Title: Re: 2009 Accounting Unit 3 Exam Suggested Solutions
Post by: lalala on June 14, 2009, 01:08:43 pm
Also, i got 74 500 for 2.5.2
Title: Re: 2009 Accounting Unit 3 Exam Suggested Solutions
Post by: nbalakers24 on June 14, 2009, 01:14:10 pm
Quote from: lalala on June 14, 2009, 01:02:18 pm
I think the answer to 1.5.3 is wrong. I think it should be 63200 as it is a POST adjusted trial balance.
in 1.5.3 theres 3 entries. rhjc only did one.

Title: Re: 2009 Accounting Unit 3 Exam Suggested Solutions
Post by: rhjc.1991 on June 14, 2009, 01:21:02 pm
Quote from: nbalakers24 on June 14, 2009, 01:14:10 pm
Quote from: lalala on June 14, 2009, 01:02:18 pm
I think the answer to 1.5.3 is wrong. I think it should be 63200 as it is a POST adjusted trial balance.
in 1.5.3 theres 3 entries. rhjc only did one.


some of my answers are simplified since I cannot upload entire ledger accounts without a scanner.
Title: Re: 2009 Accounting Unit 3 Exam Suggested Solutions
Post by: Nelle on June 14, 2009, 04:25:19 pm
R u sure the capital for 2.5.2 was $41200?
How could it be when profit was $25000 plus $30000 of capital contributions and the balance at the start of $32200
Title: Re: 2009 Accounting Unit 3 Exam Suggested Solutions
Post by: monty711 on September 29, 2009, 02:58:14 pm
Anyone have some correct solutions yet? I wouldn't mind having them to see what I did wrong.
Title: Re: 2009 Accounting Unit 3 Exam Suggested Solutions
Post by: lacoste on September 29, 2009, 06:08:04 pm
assessment reports coming out soon
Title: Re: 2009 Accounting Unit 3 Exam Suggested Solutions
Post by: monty711 on October 01, 2009, 11:39:09 am
How soon is that? I have requested to have the copy of my exam sent to my school for viewing, and i would like some reference of the correct answers.
Title: Re: 2009 Accounting Unit 3 Exam Suggested Solutions
Post by: nbalakers24 on October 12, 2009, 09:16:11 pm
your teacher should be there with you.