Recurring theory questions on past exams

[vcehuge]

Here's a few i've found appear often so it might be wise to go over them if you don't understand them (no guarantee they'll be on though)

-Explain what is met by the term 'net realisable value'
-Explain the difference between product and period costs with examples
-Aside from ___, state two other benchmarks that could be used
-With reference to an accounting principle, discuss why the business records stock writedowns
-Benefits of using budgeted statements
-explain how a profit or a loss occurs on the disposal of a non-current asset
-Define liquidity

Post other ones youve noticed

 

[soopertaco]

Hopefully they are on there but aren't the writers different this year?

[vcehuge]

Hopefully they are on there but aren't the writers different this year?

yeah but still a good chance

[likeialwaysdo]

i also reckon there will be explain how a profit or a loss occurs on the disposal of a non-current asset XP

[abzzzz]

I hope we get general journals for a trade in, sales and purchase returns

[vcehuge]

Ill add that in i've seen that quite a bit as well

[likeialwaysdo]

i've seen 'Define liquidity' a fair bit haha, pretty simple question for 2 marks but still comes up in exams

I hope we get general journals for a trade in, sales and purchase returns

lol easy marks right there hope we get it too :3

[ruchika5]

^ lol how good was the 07 paper, so many marks in the general journal

[nacho]

I did 07 to 10 today and iirc "explain the meaning of liquidity was on 3 of them

[likeialwaysdo]

hahaha itd be so good if we got that and like a massive stock card LOL!

yeah define liquidity, marks in the bagg

[soccerboi]

I did 07 to 10 today and iirc "explain the meaning of liquidity was on 3 of them

Wow, u spent 6 hours today doing practise exams! Thats insane LOL

[soopertaco]

Am I the only one who thinks unit 4 in terms of theory is somewhat narrow? excluding the ratio analysis of course. i keep seeing the same things over and over and over

[likeialwaysdo]

Am I the only one who thinks unit 4 in terms of theory is somewhat narrow? excluding the ratio analysis of course. i keep seeing the same things over and over and over

nah ur not alone, i stopped doing exams after like 17 of them, coz i just realised they are all pretty much the same, there isnt much room for questions to be flexible if u no wat i mean rofl. there is only so much they can ask XP

[abzzzz]

If they ask about anything other than liquidity ratios, i'm losing marks

[RossiJ]

Rumors are going around that there will be a question relating to a going concern

and on another note, a 17 mark stock card which includes the withdrawal of non-current assets such as loans