Accounting Question Thread

[eeps]

Thanks guysss.
Do you guys print off these exams? I only get hard copies off my teacher, do not have an adequate printer for so many pages.

I'm pretty much the same as you, I get hard copies of past exam papers from my teacher. Although I do print some exams off... I prefer having a hard copy of the Question/Answer book.

LOL. Does anyone use pen when doing past papers in Accounting?.. I don't... I use either a pencil or pacer - so if I make a mistake, I just rub it out.

[aposta28]

I am in desperate need for NEAP 2010,
please anyone???!

Yeah, pens don't do it for me in accounting, every time i see someone in my class use a pen and they stuff up an answer, a time to sit back and laugh haha. cruel!

[darcy42]

I use pencil for prac and pen for theory.

[sam.utute]

QAT 2005

[sam.utute]

Anything you specifically after darcy42?

[darcy42]

Um no thanks for now, I think I will just get all the hard copies I can off my teacher (she has heaps) then if I finish them I might start printing. I'll let you know if I need any, thanks heaps for your contribution!

By the way the message at the bottom of your sig is way too exciting considering it's about VCE!

[sam.utute]

Lol, I know dude. But I had a massive brainwave a few months back, and I reckon I got an idea for tuition that no one else does. Hopefully I can get the business up and running around December. Gonna ask VCENoters to help out!

[eeps]

HAVE any of you guys done any exams under timed conditions yet?

I did one in class today (first one under timed conditions), it was the CSE 2010 exam. I was rushed for time... made silly errors - P/L Statement/Cash Flow Statement and Stock Write-Down. so annoyed - easy marks lost.

Also, what are people's predictions for the A+ cut-off? I think personally, it would be 82~83 out of 90.

I don't think it would be as hard as the 2008 VCAA exam... which [I thought] was the most challenging since the new study design was introduced. 2009 was reasonable.

[LFTM]

HAVE any of you guys done any exams under timed conditions yet?

I did one in class today (first one under timed conditions), it was the CSE 2010 exam. I was rushed for time... made silly errors - P/L Statement/Cash Flow Statement and Stock Write-Down. so annoyed - easy marks lost.

Also, what are people's predictions for the A+ cut-off? I think personally, it would be 82~83 out of 90.

I don't think it would be as hard as the 2008 VCAA exam... which [I thought] was the most challenging since the new study design was introduced. 2009 was reasonable.

Hey EPL, i was doing that exam the other day and was wondering where exactly does it say there is a stock loss in question 2.1 like the solutions suggest.

I don't actually time myself, like this morning i did half of the 2007 vcaa exam and will probably do the 2nd question tonight.

[eeps]

Hey EPL, i was doing that exam the other day and was wondering where exactly does it say there is a stock loss in question 2.1.

I don't actually time myself, like this morning i did half of the 2007 vcaa exam and will probably do the 2nd question tonight.

Yeah, the reconstruction of accounts is wrong, I think. I don't think there is a stock loss - because it says in one of those boxes... Gross Profit is 50% of Sales, which was $200,000. Thus, Cost of Sales should have been $100,000. I only had COS, Drawings and the ending Balance on the Credit Side. I thought Cost of Sales could have been $97,000 with the $3,000 of Drawings, but I'm not too sure.

I'll see how it's marked once I get it back, since my teacher even admitted as much after we had finished the paper.

[LFTM]

Hey EPL, i was doing that exam the other day and was wondering where exactly does it say there is a stock loss in question 2.1.

I don't actually time myself, like this morning i did half of the 2007 vcaa exam and will probably do the 2nd question tonight.

Yeah, the reconstruction of accounts is wrong, I think. I don't think there is a stock loss - because it says in one of those boxes... Gross Profit is 50% of Sales, which was $200,000. Thus, Cost of Sales should have been $100,000. I only had COS, Drawings and the ending Balance on the Credit Side. I thought Cost of Sales could have been $97,000 with the $3,000 of Drawings, but I'm not too sure.

I'll see how it's marked once I get it back, since my teacher even admitted as much after we had finished the paper.

Ok thanks, i thought i might have missed something because the solutions say there is a stock loss of 2000.

[eeps]

LOL the Prepaid Sales Revenue QUESTIONS - where stock is delivered to the customer, confuses me. =='

According the VCAA Assessment Reports, each year the solutions to this particular question of the exam have been different.

Do we lose any marks if for example, I have Debtor - [name of Debtor] and Debtors Control in the General Journal, if a Sales Journal is provided below the Journal? (I hope that makes sense!)

Thanks.

[LFTM]

LOL the Prepaid Sales Revenue QUESTIONS - where stock is delivered to the customer, confuses me. =='

According the VCAA Assessment Reports, each year the solutions to this particular question of the exam have been different.

Do we lose any marks if for example, I have Debtor - [name of Debtor] and Debtors Control in the General Journal, if a Sales Journal is provided below the Journal? (I hope that makes sense!)

Thanks.

Just use last years assessment report. The textbooks don't cover this type of question. My teacher never taught me the debtor way so don't know.

[eeps]

LOL the Prepaid Sales Revenue QUESTIONS - where stock is delivered to the customer, confuses me. =='

According the VCAA Assessment Reports, each year the solutions to this particular question of the exam have been different.

Do we lose any marks if for example, I have Debtor - [name of Debtor] and Debtors Control in the General Journal, if a Sales Journal is provided below the Journal? (I hope that makes sense!)

Thanks.

Just use last years assessment report. The textbooks don't cover this type of question. My teacher never taught me the debtor way so don't know.

k. Thanks.

[sam.utute]

LOL the Prepaid Sales Revenue QUESTIONS - where stock is delivered to the customer, confuses me. =='

According the VCAA Assessment Reports, each year the solutions to this particular question of the exam have been different.

Do we lose any marks if for example, I have Debtor - [name of Debtor] and Debtors Control in the General Journal, if a Sales Journal is provided below the Journal? (I hope that makes sense!)

Thanks.

My teacher had a chat with Neville Box, and apparently he recommends recording everything in the Sales Journal if it is given, and only using the General Journal to record the adjustment for Prepaid Sales Revenue. I found this to be the easiest method.