This file is public by URL. Keep it off the learner's desk until the first response is captured. These checks are not secure QCAA school instruments; do not issue a QCAA unit result from them. Mark reasoning separately from the learner's reading, speech, motor or formatting route. Record whether support was neutral access or supplied account content.
Day 5 · File G worked response
- Assets: business cash $7,600, equipment $4,200, receivables $1,100. Liabilities: bank loan $3,500, supplier payables $900. Receivable is owed to Nova; payable is owed by Nova. The $800 private phone is excluded under the stated boundary; adding it produces a wrong business total.
- Assets $12,900; liabilities $4,400; owner's equity $8,500. Check: $12,900 = $4,400 + $8,500.
- A sole trader owns the business directly; shares in a separate company are not part of G. Sole traders generally have personal liability for business debts; a real case requires current legal advice, and limited-liability shorthand should not be pasted onto this structure.
- Model: “At the reported date, Nova has $7,600 business cash and $4,400 recorded liabilities. These figures alone do not show the bills' due dates, future collections or other cash commitments, so they cannot guarantee next month's payments.” Other supported observations and limits are valid.
Diagnostic response: If a learner puts receivables with liabilities, reteach direction of the claim using a two-person “who owes whom?” card. If they include the phone, reteach business boundary. If they conclude future solvency, ask which dates and flows are missing. If the arithmetic alone slips, use the same correct classifications with movable $100 cards; do not erase a correct explanation.
Day 10 · Files H/I worked response
- H's Statement of Profit or Loss: $1,500 revenue − $700 expense = $800 net profit. Its Statement of Cash Flows operating section: $900 received − $500 paid = $400 net cash from operations. Revenue/expense are earned/incurred; cash categories are actually received/paid.
- Closing cash $1,600 + $400 = $2,000; receivables $600; payables $200. With no drawings, contributions or other changes, closing owner's equity $1,600 + $800 = $2,400. Closing assets $2,600 = $200 liabilities + $2,400 equity. Profit exceeds operating cash by $400 because $600 earned is unpaid and $200 expense is unpaid: $600 − $200 = $400. The $400 net operating flow is not the $2,000 closing cash balance.
- I assets: $5,000 + $2,000 + $3,000 + $10,000 = $20,000. Liabilities $2,000 + $6,000 = $8,000; shareholders' equity $12,000. Check $20,000 = $8,000 + $12,000. H and I both can report cash, receivables and payables; examples of two acceptable common categories are cash/receivables. I has inventory and trades goods; H supplies design services and has no inventory in the provided period. I is a separate public company with shareholders' equity; H is a sole trader with owner's equity. I's at-date balances alone show neither profit, operating cash nor share value, so they cannot establish a good investment.
- Model: “Baybird Supply Ltd's fictional position shows $20,000 assets and $8,000 liabilities at one date. I would need its period profit, operating cash and notes before judging performance or risk. For a real company I would verify publisher, reporting year, units and statement/notes against the latest original annual report.” No advice to buy/sell is credited.
Diagnostic response: If H's profit is $400, reteach earned versus received using the $600 receivable and $200 payable timing bridge. If closing cash is $400, reteach opening balance versus period flow. If I's shareholder equity is called cash, reteach residual interest. If a learner recommends shares, request the missing performance, cash-flow, risk and provenance evidence. Check that “public” was not mistaken for “listed.”
Daily feedback at a glance
| Day | Evidence to accept | Next teaching move if absent |
|---|---|---|
| 1 | Stakeholder, accounting question and a limit | Use one supplier bill with missing due date. |
| 2 | Correct entity/owner and qualified liability | Sort a company card apart from a person card. |
| 3 | A's $15,000 = $5,000 + $10,000 | Flip “owed to/by” arrows before arithmetic. |
| 4 | C's $750 profit and three statement jobs | Sort date/period/cash cards. |
| 5 | G's $12,900 = $4,400 + $8,500 plus boundary | Reteach classification before equation. |
| 6 | B's $600 profit and $250 operating cash | Use receivable/payable timing cards. |
| 7 | $2,000 + $600 = $2,600 equity under assumptions | Ask what drawings would change. |
| 8 | Both E equations and a non-inference | Ask whether E provides profit or report notes. |
| 9 | Evidence, caution, next question and provenance | Model a four-sentence stakeholder note. |
| 10 | H $800/$400 and I $20,000 = $8,000 + $12,000 | Split flow, position and investment claims. |
Coverage and access: A different mode of response may reveal the same target; note it. A concept prompt during a public check narrows what independent transfer can be inferred, but remains useful formative evidence. These keys reflect the fictional assumptions only. The official QCAA syllabus governs school assessment.