VCE Accounting Exam 2016 discussion

[vce1]

Question 9a - payments to creditors

I had drawn the ledger account like this:

________Creditors_______
               25000| 26000
               750    | 123200
               Bank  |
             ______| _______             
            149200 | 149200
                   
Which I think is correct except I reversed the balances (25000 and 26000)

I did the stock control ledger as well.

However as I got the final answer off by $2000, will I still get 4/5? I am worried that because I put no cross references this might be an issue. I thought dates and cross references were ignored in account reconstructions, but I'm not sure.

[omcgil15]

If anyone has a copy of the exam that they could upload then that would be amazing !!

[The Usual Student]

If anyone has a copy of the exam that they could upload then that would be amazing !!

I have a copy and I tried to scan it but it messed up :/

[avishka.w]

Here's a copy of the 2016 Accounting Exam for those who want it!=

[brisbane99]

Hi guys,

Can anyone upload a copy of the Accounting exam. I might be able to develop some worked solutions.

Thanks

[mhendy]

Hi guys,

Can anyone upload a copy of the Accounting exam. I might be able to develop some worked solutions.

Thanks

Someone just uploaded before your comment

[ciaran3105]

Hi!

If i was rank 1 (weak cohort), what score would i need on the exam to get a 45?
I'm thinking i got in the mid 90s/100.
Thanks!

[The Usual Student]

Hi!

If i was rank 1 (weak cohort), what score would i need on the exam to get a 45?
I'm thinking i got in the mid 90s/100.
Thanks!

Mid 90s would get you a high 40s, low 90s would get you a 45

[avishka.w]

Hey!
if i got about 80-85 for the exam, and ranked second in the cohort, what will that get me?

[The Usual Student]

Hey!
if i got about 80-85 for the exam, and ranked second in the cohort, what will that get me?

low 40, if its 80 then probably a 37-39ish

[Rob16]

How would you guys compare this years accounting exam to previous years? and predictions for A+ cut off? I found question 6 and the last one to be quite tricky and probably spent way too long thinking about them, wasting my time for other areas anyone else felt pushed for time?

[99.95Ez]

My answers to question 1 - happy to be corrected.

Im curious about the "bank/disc. expense" total in the debtors control ledger, you added an additional amount, presumably from the bad debts that has occurred as 0.25cents for every dollar will be received. However wouldn't that receipt already have been received on the 25th and therefore be included in the 49000 for debtors control in the cash receipts journal?

[vce1]

How would you guys compare this years accounting exam to previous years? and predictions for A+ cut off? I found question 6 and the last one to be quite tricky and probably spent way too long thinking about them, wasting my time for other areas anyone else felt pushed for time?

Finished the exam but rushed through Q9 and theory which led to mistakes. Does anyone know what the cross reference for the trade in was? There was no sundry creditor so I just left it as bank.

[Classof2016]

Quick question. If you get the qualitative characteristic or the accounting principle wrong, but explain it correctly, can you still receive marks? Or do you need the QC and AP to be correct to receive any?

[Cornrow Kenny]

Finished the exam but rushed through Q9 and theory which led to mistakes. Does anyone know what the cross reference for the trade in was? There was no sundry creditor so I just left it as bank.

My teacher said it didn't matter, I don't see why they couldn't make it more clear though. My thinking was due to it being a "trade in" it was sundry creditor but there was no name haha. Still went with sundry creditor though.