Cambridge VCE Accounting 3rd Edition introduces basic concepts then builds on these until students are able to apply their skills to complex exam scenarios.

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PDFs updated 1 September 2017

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Solutions for Exercise 15.7 and 15.10 have been updated. The revised document is available for download in the Teacher Resource Package.

Please note:

Exercise 1.1
Page 16 has questions marked as follows:
a,b,a,a,e,f,g

instead of
a,b,c,d,e,f,g

Exercise 8.3
The transaction listed as “May 19 Purchased 25 cabinets at $250 (plus GST) each (Inv. 758)” should be dated as “May 15 Purchased 25 cabinets at $250 (plus GST) each (Inv. 758)”

A new transaction should be inserted after that transaction: “May 19 Sold 40 cabinets to Wilson Furniture, at a selling price of $500 (plus GST) each (inv. C61)”

Exercise 10.12
Wages amount in Trial Balance table should be 27 000, not 9 000.

Exercise 10.13
Office Equipment amount (6 300) should be in the Debit column.
Drawings amount in Debit column should be 21 000, not 21 700.

Exercise 12.13
In the table labelled 'Cash Payments Journal', the column currently titled 'Drawings' (with a total of 2 900) should instead be titled 'Stock Control'.

Chapter 16 (p 374)
Amount currently located in Sundries column in Figure 16.7 (120) should be moved to GST column.

Exercise 17.13
The dates given in the text of the question and the date listed in the Income Statement Variance Report do not match. All dates should read 30 June 2016.

Workbook Exercise 12.8
Should show '1/7/14     Balance    $48 000' on the credit side.