ATARMAxxing
SACE AccountingPractice Examination 16
| Reading time | 15 minutes |
| Writing time | 2 hours |
| Total marks | 120 |
| Questions | 5 |
| Structure | Section 1 — 3 Q, 70 marks · Section 2 — 2 Q, 50 marks |
This paper covers
- Q1 (25): Classified income statement for a trading entity with returns and discounts
- Q2 (25): Cash budget with loan and equipment sale
- Q3 (20): Inventory FIFO card and inventory ledger with formal balancing
- Q4 (30): Inventory and debtor turnover in days against benchmarks
- Q5 (20): Advice on working capital management
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.
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