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Cambridge VCE Accounting Units 1&2 Second Edition

 

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Cambridge VCE Accounting 2nd Edition introduces basic concepts then builds on these until students are able to apply their skills to complex exam scenarios.

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Textbook PDFs updated 1 September 2017

To view a sample chapter, please click on the chapter below in blue.

Full PDF Textbook

  • Complete textbook [PDF 24.6Mb]

PDF Textbook chapters

  • Preliminary pages [3.7mb]

  • Chapter 1: Establishing and operating a service business [1.2mb]

  • Chapter 2: The accounting equation [1.1mb]

  • Chapter 3: Small business [1.4mb]

  • Chapter 4: Sources of finance [1.2mb]

  • Chapter 5: Source documents [2.1mb]

  • Chapter 6: Cash accounting for service businesses [2.9mb]

  • Chapter 7: Cash control [3.4mb]

  • Chapter 8: Income statement [1.1mb]

  • Chapter 9: Budgets [1.4mb]

  • Chapter 10: Price-setting strategies [2.1mb]

  • Chapter 11: Trading firms and stock [1.2mb]

  • Chapter 12: Reporting and managing stock [1.1mb]

  • Chapter 13: Credit transactions [2.3mb]

  • Chapter 14: Reporting and managing credit transactions [1.5mb]

  • Chapter 15: Balance day adjustments - Expenses [1.7mb]

  • Chapter 16: The cash flow statement [1.1mb]

  • Chapter 17: Evaluating performance [1.8mb]

  • Chapter 18: ICT in accounting [0.9mb]

  • Glossary and answers [0.8mb]

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    Please note that this preview is for the Units 3&4 Interactive Textbook

    To view a mutlimedia presentation, go to 8.5 Stock cards and journals

    For an example of a Flash interactive activity, go to 8.10 Stock and information flows

    To preview an embedded calculator, go to 8.12 Benefits of the perpetual system, page 2

    To preview a spreadsheet activity, go to: Exercises

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    www.cambridge.edu.au/vcecheckpoints

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    • Incorporates official past exam questions for most subjects to help you practice and prepare for your VCE exams
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    • Additional questions and revision available online with QuizMeMore

    Solutions for Exercises 8.6, 8.7,  9.2, 10.5 and 11.8 have updated. The revised documents are available for download in the Teacher Resource Package.
     

    Please note:

    p 32
    In the Balance Sheet for Andrew’s Painting Service, “Printing Equipment” should be replaced with “Painting Equipment”

    p 128
    The first sentence of Exercise 7.4 should read “On 1 November 2016, the records of Pulsating Pecs Gym showed a positive bank balance of $2 000” not “On 1 November 2016, the records of Pulsating Pecs Gym showed a positive bank balance of $2 010”

    p 177
    The first dot point of Exercise 9.7 currently says:
    Maintenance fees for July 2016 were $3 850 including GST, but Bob expects that fees will increase 6% in August 2016

    It should read:
    Maintenance fees for July 2016 were $3 850 including GST, but Bob expects that fees will increase 20% in August 2016

    p 179
    In Exercise 9.9, the figures for Plumbing Fees (in the Actual column) and Total Cash Receipts (in the Variance column) in the Cash Budget Variance Report are incorrect. Please change the figures to:

    Plumbing Fees (Actual column): 13 000
    Total Cash Receipts (Variance column): 900

    Exercise 8.6
    The asset value of Delivery Van should be 12 400, not 12 000.

    Exercise 15.15 (p 316)
    The first line of this exercise should read "Wayne's Fountains sells fountains and other garden ornaments. Its assets and equities as at 1 October 2015 were as follows" rather than "Wayne's fountains sells fountains and other garden ornaments. Its assets and equities as at 1 October 2016 were as follows"

    The subtitle of the first ledger in this exercise should similarly read "Assets and Equities as at 1 October 2015" rather than "Assets and Equities as at 1 October 2016"

    Exercise 15.17 (p 320)
    The Creditors balance shown within the last bullet point in the list of additional information should be "Creditors $10 500" not "Creditors $16 000"

     

    Authors

    Anthony Simmons, Richard Hardy