SACE AccountingPractice Examination 2

This paper covers

• Q1 (20): Inventory card (FIFO), ledger and inventory turnover in days
• Q2 (20): Bank reconciliation and statement of cash flows
• Q3 (30): Balance-day adjustments, depreciation and balance sheet extract
• Q4 (30): Schedule of collections, quarterly cash budget and forecast ratios for a start-up
• Q5 (20): Advice on forecast profitability, stability and location

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.