WACE Year 11 Accounting and Finance practice questions by area of study
The 120 practice questions inside the WACE Year 11 Accounting and Finance Mastery Pack, grouped by area of study. Every question comes with a full worked solution.
- U1 · Unit 1 Financial institutions and systems: Financial institutions
- Multiple choice × 6
- Identify × 1
- Calculate × 1
- Explain × 1
- Recommend × 1
- U1 · Unit 1 Financial institutions and systems: Financial systems and fundamental principles (ownership and undertakings)
- Multiple choice × 6
- Compare × 1
- Calculate × 1
- Evaluate × 1
- Classify × 1
- U1 · Unit 1 Financial institutions and systems: Financial systems and fundamental principles (concepts, conventions, GST, trial balance, elements)
- Multiple choice × 6
- Analyse × 1
- Calculate × 1
- Classify × 1
- Apply × 1
- U1 · Unit 1 Recording, using and evaluating financial information: Recording, processing and communicating financial information
- Multiple choice × 6
- Record × 3
- Prepare × 1
- U1 · Unit 1 Recording, using and evaluating financial information: Evaluating financial information for planning, coordinating, controlling and investing
- Multiple choice × 6
- Explain × 1
- Apply × 1
- Calculate and recommend × 1
- Evaluate × 1
- U1 · Unit 1 Government and the community: The role and influence of governments and other bodies; The influence of social, environmental and ethical factors
- Multiple choice × 6
- Explain × 2
- Calculate and explain × 1
- Evaluate × 1
- U2 · Unit 2 Financial institutions and systems: Financial institutions
- Multiple choice × 6
- Calculate × 1
- Explain × 1
- Compare × 1
- Recommend × 1
- U2 · Unit 2 Financial institutions and systems: Financial systems and fundamental principles (accrual basis, elements, recognition, balance day adjustments)
- Multiple choice × 6
- Calculate × 1
- Apply × 1
- Classify × 1
- Explain × 1
- U2 · Unit 2 Financial institutions and systems: Financial systems and fundamental principles (depreciation and inventory costing)
- Multiple choice × 6
- Calculate × 2
- Recommend × 1
- Calculate and explain × 1
- U2 · Unit 2 Recording, using and evaluating financial information: Recording, processing and communicating financial information
- Multiple choice × 6
- Prepare × 4
- U2 · Unit 2 Recording, using and evaluating financial information: ratio preparation (Recording, processing and communicating) and Evaluating financial information for planning, coordinating, controlling and investing
- Multiple choice × 6
- Calculate × 2
- Interpret × 1
- Evaluate × 1
- U2 · Unit 2 Government and the community: The role and influence of governments and other bodies; The influence of social, environmental and ethical factors
- Multiple choice × 6
- Explain × 1
- Describe × 1
- Apply × 1
- Compare × 1
- Bank overdraft
- Trade credit from a supplier
- Additional capital contributed by the owner
- A five-year term loan
Show the worked answer
Answer: C
Common questions
How many WACE Year 11 Accounting and Finance practice questions are included, and how are they grouped?
120 exam-style questions grouped by area of study, each with a full worked solution.
The breakdown is 10 on U1 · Unit 1 Financial institutions and systems: Financial institutions, 10 on U1 · Unit 1 Financial institutions and systems: Financial systems and fundamental principles (ownership and undertakings), 10 on U1 · Unit 1 Financial institutions and systems: Financial systems and fundamental principles (concepts, conventions, GST, trial balance, elements), 10 on U1 · Unit 1 Recording, using and evaluating financial information: Recording, processing and communicating financial information, 10 on U1 · Unit 1 Recording, using and evaluating financial information: Evaluating financial information for planning, coordinating, controlling and investing, 10 on U1 · Unit 1 Government and the community: The role and influence of governments and other bodies; The influence of social, environmental and ethical factors, 10 on U2 · Unit 2 Financial institutions and systems: Financial institutions, 10 on U2 · Unit 2 Financial institutions and systems: Financial systems and fundamental principles (accrual basis, elements, recognition, balance day adjustments), 10 on U2 · Unit 2 Financial institutions and systems: Financial systems and fundamental principles (depreciation and inventory costing), 10 on U2 · Unit 2 Recording, using and evaluating financial information: Recording, processing and communicating financial information, 10 on U2 · Unit 2 Recording, using and evaluating financial information: ratio preparation (Recording, processing and communicating) and Evaluating financial information for planning, coordinating, controlling and investing, 10 on U2 · Unit 2 Government and the community: The role and influence of governments and other bodies; The influence of social, environmental and ethical factors.
Can I try a WACE Year 11 Accounting and Finance practice question before buying?
Yes. One sample question with its worked answer is on this page; the full set comes with the WACE Year 11 Accounting and Finance Mastery Pack, one payment, no subscription.
Are these official SCSA questions?
No. These are original Year 11 practice questions. Your school sets its assessment program; use the linked official curriculum sources to check course coverage.
2 original practice exams with worked solutions, 12 revision notes, 120 practice questions and 144 flashcards.
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