SACE AccountingPractice Examination 1

This paper covers

• Q1 (25): Balance-day adjustments and classified income statement (retailer)
• Q2 (25): Statement of cash flows and working capital ratio (sole trader)
• Q3 (20): Bank reconciliation and two-month cash budget (trades business)
• Q4 (30): Inventory card, inventory ledger, debtor turnover and breakeven for two product lines
• Q5 (20): Advice on inventory, debtors and product-range expansion

Students are permitted to bring into the examination the materials normally allowed for this subject. Answer all questions in the spaces provided.

This is an ATARMAxxing practice paper. It is not an official examination and is not affiliated with, endorsed by, or produced by the VCAA, NESA or the QCAA.