ATARMAxxing
SACE AccountingPractice Examination 7
| 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 (20): Inventory turnover, storage and security of inventory
- Q2 (20): Bank reconciliation with errors in the cash records
- Q3 (30): Classified income statement and statement of changes in equity
- Q4 (30): Cash budget for an expansion and overdraft requirement
- Q5 (20): Advice on sources of finance for 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.
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