Liloans Siutid

THE UNIVERSITY OF SOUTH AUSTRALIA

DIVISION OF BUSINESS

SCHOOL OF COMMERCE

ACCT1005

Accounting, Decisions & Accountability

Week 10 Sample Test No: 1

Name of candidate:..................................................Student No:...................

Tutor Name. ............... Mark:........../20

Marker’s feedback comments:

(e.g. which questions were done well and which ones need to be looked at carefully by the student to improve future performance in the course.)

INSTRUCTIONS TO CANDIDATES

1. Time - 35 minutes (inclusive of all reading time) + 5 minute extension for all students.

2. Attempt TWO of the three questions.

3. This test is to be conducted under closed book conditions. Only writing implements and a calculator with a non text recallable memory are permitted in the examination room. No other papers or books are permitted.

4. Write between 250 and 300 words on each question.

5. Each question is worth ten (10) marks.

6. Including this cover page, there are 6 pages. All pages of this test paper must be handed up intact. Papers that are not handed up intact will be void and count for zero.

7. It is believed that ample room is provided for the types of answers required, however if candidates require more room for answer writing than is provided, please use the back of the pages.

8. Students will be given the higher of the mark for this test or question 2 in the final exam.

YOU ARE REQUIRED TO ANSWER ANY TWO OF THE FOLLOWING THREE QUESTIONS.

CHOOSE ANY TWO OF QUESTIONS A., B. OR C.

WRITE BETWEEN 250 AND 300 WORDS ON EACH.

A. Your friend has been revising for an Accounting, Decisions & Accountability exam and is not sure if they know their definitions very well. They define income as cash for providing goods and services. You realise that this is not correct and explain the correct definition to your friend.

Similarly your friend thinks that any money paid out is an expense. You need to explain to your...