Overall how did everyone find the Accounting Exam?

[Akirus]

With the very first question, how many marks would i receive if i did this:

Current Assets
Stock control 35 000
cash at bank 10 000

Non current Assets
Deliveryvan 20 000

Current liabilities
Accrued Rent 2000
loan             10 000

Noncurrent liabilities
loan 40 000

Probably -1 for cash calculation, -1 for GST Clearing.

[Chavi]

With the very first question, how many marks would i receive if i did this:

Current Assets
Stock control 35 000
cash at bank 10 000

Non current Assets
Deliveryvan 20 000

Current liabilities
Accrued Rent 2000
loan             10 000

Noncurrent liabilities
loan 40 000

Probably -1 for cash calculation, -1 for GST Clearing.

U def had to calculate bank - cash capital contrib less stock payment add Loan
it was 5 marks

[LFTM]

With the very first question, how many marks would i receive if i did this:

Current Assets
Stock control 35 000
cash at bank 10 000

Non current Assets
Deliveryvan 20 000

Current liabilities
Accrued Rent 2000
loan             10 000

Noncurrent liabilities
loan 40 000

Probably -1 for cash calculation, -1 for GST Clearing.

U def had to calculate bank - cash capital contrib less stock payment add Loan
it was 5 marks

So i'd get 3?
thanks

[mba]

It was out of five so I'm guessing the mark allocation would be:

1 - GST Clearing
1 - Bank
1 - Loan (10 000 CL and 40 000 NCL)
1 - Accrued rent
1 - Stock control and delivery van (as this was a simple copy and paste)

[jake]

anyone care to put up complete solutions? accurate preferably cheers

[LFTM]

what do you guys reckon the cutoff for A+ will be?

[mojomojo]

what do you guys reckon the cutoff for A+ will be?

Similar to 2008, 75/90.

[mba]

Probably high 70's like pretty much every year. 78/90

[mmmmm]

long and tiring. found first question quite difficult.

So, what is the actual answer? Cos i included that month tooo

[mojomojo]

Personally, i reckon the wordings/ layout in the 2010 exam are misleading.

[darcy42]

Does anyone know if the Answer Booklet available so that someone can do solutions without too much effort?

[mojomojo]

i'm pretty sure i've lost 5 marks already. (excluding the sundry creditor question which everyone is unsure of!)

[mojomojo]

i'm pretty sure i've lost 5 marks already. (excluding the sundry creditor question which everyone is unsure of!)

lol.. same here. I'm unsure about that as well... all this exam discussion is showing me where I went wrong... looking back, I've lost a few cheap marks already!

Yaah, cause of the exam atmosphere. D:
My heart was pumping faster than usual.

[mojomojo]

Well, i guess it's not that bad when everyone found it hard.
Unlike the chem exam where everyone is saying it's REALLY easy, so the cut off for A+ is gonna be HIGH.
Which means silly mistakes are even more costly!

[cheese360]

It depends on the individual(s) too. Most kids at my school found the accounting exam extremely easy, but had a bit of trouble with chem.