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August 28, 2025, 01:27:20 pm
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Author Topic: how did everybody go?  (Read 24268 times)  Share 

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andrew4443

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how did everybody go?
« on: November 05, 2009, 01:54:00 pm »
reacon it was pretty easy.

What did everybody put for question 2.2.5 - explain how the budgeted cash flow statement could be improved to enable it to be used more effectively during the reporting period???
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PepsiMax

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Re: how did everybody go?
« Reply #1 on: November 05, 2009, 01:55:24 pm »
Did everyone put the registration as prepaid in the very first question?

I found the $200 deposit for the football jumpers quite difficult.
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andrew4443

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Re: how did everybody go?
« Reply #2 on: November 05, 2009, 02:05:30 pm »
^^^
I put it as a prepaid expense.

For the deposit, in 1.5.3 I put:
 Debit Prepaid sales revenue 200
Credit : Sales revenue 200

Debit COS 120
Credit: Stock control 120 ----- Wasnt sure whether I needed to put this in

Then in the reciepts
COS 1380 Sales 2300 GST 250
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phanphy

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Re: how did everybody go?
« Reply #3 on: November 05, 2009, 02:09:05 pm »
Exam was much easier than vcaa 08.

A few tricky questions, including theory?
Anyone find it weird they didn't provide the formulas this year? Luckily I memorised them, just in case.

The marks I lost were stupid now that I think of it D:
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2008: Classical Societies and Cultures
2009: Accounting, English, Legal, Further, Methods
2010: Commerce/Law @ Monash

chris1991

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Re: how did everybody go?
« Reply #4 on: November 05, 2009, 02:09:38 pm »
I put the same as you andrew.

For the CFS question, i wrote that they should be done more fequently so problems can be identified and corrected earlier. But this was 1 of the 2 questions that I was unsure of, skipped, and came back to.

Overall I was pretty happy though, I reckon it was easier than the 2008 exam.
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2008:
Legal (37)

2009:
English, Further, Accounting, P.E, Business

sdhains

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Re: how did everybody go?
« Reply #5 on: November 05, 2009, 02:21:08 pm »
the netball question was well hard. I realised after i got the total cost part of the question wrong. The 90 stamps were selling expenses therefore they were only included for stock which are listed at NRV  :'(. Asides from that I had no other real problems.

What did you get for the 'other key indicator'? Is gearing ratio correct?
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unknown12

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Re: how did everybody go?
« Reply #6 on: November 05, 2009, 02:22:01 pm »
Quote from: andrew4443 on November 05, 2009, 02:05:30 pm
^^^
I put it as a prepaid expense.

For the deposit, in 1.5.3 I put:
 Debit Prepaid sales revenue 200
Credit : Sales revenue 200

Debit COS 120
Credit: Stock control 120 ----- Wasnt sure whether I needed to put this in

Then in the reciepts
COS 1380 Sales 2300 GST 250

Exactly what i did
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sdhains

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Re: how did everybody go?
« Reply #7 on: November 05, 2009, 02:22:51 pm »
Quote from: unknown12 on November 05, 2009, 02:22:01 pm
Quote from: andrew4443 on November 05, 2009, 02:05:30 pm
^^^
I put it as a prepaid expense.

For the deposit, in 1.5.3 I put:
 Debit Prepaid sales revenue 200
Credit : Sales revenue 200

Debit COS 120
Credit: Stock control 120 ----- Wasnt sure whether I needed to put this in

Then in the reciepts
COS 1380 Sales 2300 GST 250

Exactly what i did
Same
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Noblesse

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Re: how did everybody go?
« Reply #8 on: November 05, 2009, 02:28:57 pm »
If someone can post the exam, I can take a look at any tricky questions if people want.

I'm a lot more organised and prepared this semester (for my exams) :)
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unknown12

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Re: how did everybody go?
« Reply #9 on: November 05, 2009, 02:31:15 pm »
I said Cash Flow Ratio, although i totally didn't think to apply the stamps, I suppose putting 80 of them on and leaving 10 off is logical.
« Last Edit: November 05, 2009, 02:33:27 pm by unknown12 »
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sdhains

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Re: how did everybody go?
« Reply #10 on: November 05, 2009, 02:33:55 pm »


Their selling expenses, so they would only be included when stock is valued at NRV (estimated selling price less any expenses in the stocks selling, distribution and marketing).
« Last Edit: November 05, 2009, 02:35:48 pm by sam5 »
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Ilovemathsmeth

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Re: how did everybody go?
« Reply #11 on: November 05, 2009, 02:37:02 pm »
Why can't you add them to the product's cost? If you can't, what was the point of them telling us 90 posters were left at the end of the period?
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Raw Scores:
Psychology 50 | Mathematical Methods 49 | Further Mathematics 49 | Accounting 49 | Chemistry 44 | English 43
ATAR: 99.75

jay1993

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Re: how did everybody go?
« Reply #12 on: November 05, 2009, 02:37:30 pm »
What did you guys write for 2.1.2?

Was Document B for Slumber City an Original or a Duplicate?

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PepsiMax

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Re: how did everybody go?
« Reply #13 on: November 05, 2009, 02:40:53 pm »
Quote from: Ilovemathsmeth on November 05, 2009, 02:37:02 pm
Why can't you add them to the product's cost? If you can't, what was the point of them telling us 90 posters were left at the end of the period?
It looks like you're not getting that 47+ any more....
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laineytheman

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Re: how did everybody go?
« Reply #14 on: November 05, 2009, 02:41:11 pm »
hopefully above 80/90, I think maybe 85/90 I could have got.
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