This document is a specimen exam paper for an accounting exam. It consists of 3 exam questions covering various accounting topics like income statements, balance sheets, ratio analysis, and cost and revenue calculations. The first question involves preparing income statements and balance sheets. The second question involves calculating purchases, sales, cost of sales, and accounts receivable and payable amounts and ratios. The third question involves using cost and revenue information to prepare profit statements and calculate contributions and contribution per direct labor hour for 3 products. The document provides detailed instructions and accounting information for students to use to answer the exam questions.