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VCE Accounting Question Thread!

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Manny.R:

--- Quote from: pahm on May 03, 2020, 04:38:20 pm ---thank you so much for your help! :)

--- End quote ---

You're welcome.

yikesagain:
Hi,

I was looking at a question from the 2019 exam for cashflow.
I don't understand how they get to the accounts payable figure of (222 015).

My thinking is the cost of sales at 210,000 + inventory on hand of 25,000. Less the 5% discount?

Thanks,

morlin01:
HOW IS A DEPOSIT MADE BY A CUSTOMER REPORTED IN CASH FLOW STATEMENT -- LIKE WHAT HEADING DO I USE -- DO I USE UNEARNED SALES REVENUE OR DEPOSIT?

C.J.Tielen:

--- Quote from: morlin01 on October 01, 2020, 11:42:46 am ---HOW IS A DEPOSIT MADE BY A CUSTOMER REPORTED IN CASH FLOW STATEMENT -- LIKE WHAT HEADING DO I USE -- DO I USE UNEARNED SALES REVENUE OR DEPOSIT?

--- End quote ---


Hey man,
Under Operating activities, as Unearned Sales revenue. Trust.

You'll be fine, chill brother

valjaybj :
hi, what's the best way to use reading time in the exam? would you recommend skipping straight to all the theory questions (esp the 4-6 mark ones) and formulate some ideas, then quickly jot down your ideas as soon as writing time starts or is that a waste of time???

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