SOLUTIONS TO OA WORKSHEET

QUESTION 1 A

RAM’S SUPERMARKET
DEBIT CREDIT
DATE DETAILS AMOUNT $ DATE DETAILS AMOUNT $
ST th
1 July Sales 5000 9 July Bank 3000
3rd July Sales 2000 13th July Sales Return 1000
th th
16 July Sales 10000 26 July Bank 5000
st
31 July Balance c/d 8000
17,000 17,000
st
1 August Balance b/d 8000

QUESTION 1 B

Manufacturing Company
Waller’s Delight
Guyana
Statement

To: Ram’s Supermarket

V-Hoop, Guyana

DATE DETAILS DEBIT $ CREDIT $ BALANCE $

1st July Sales 5000 5000 (dr)
3rd July Sales 2000 7000 (dr)
9th July Bank 3000 4000 (dr)
13th July Sales return 1000 3000 (dr)
16th July Sales 10,000 13,000 (dr)
26th July Bank 5000 8000 (dr)

QUESTION 1 C

Credit Note Credit Advice no. ______

Manufacturing Company,
Waller’s Delight
Guyana

To: Ram’s Supermarket

V- Hoop, Guyana Date: 13 th July

Re: Invoice #: ______

- Refund of spoiled sausages $1000

TOTAL: $1000
 QUESTION 2

CASH BOOK
DEBITS CREDITS
DATE DETAILS CASH $ BANK $ DATE DETAILS CASH $ BANK $
1st August Balance b/f 3000 2000 4th August Postage 40
2nd August C. Harry 500 5th August Expenses 60
3rd August Sales 300 7th August Balance c/d 3100 2000
6th August Sales 300
4100 2000 4100 2000

7th August Balance b/d 3100 2000

QUESTION 3

WAGES SHEET
NAMES SAT SU MO TUE WED THURS FRI TOTA PAY BASIC BONU GROSS
N N S L RATE EARNINGS S PAY
JOHN 6 5 8 8 8 8 8 51 5 255 30 285
SINGH
PETE 7 6 8 5 8 34 10 340 340
PATEL
SASHA 5 5 8 8 6 8 2 42 6 252 60 312
PAUL
SARAH 5 8 8 8 8 8 45 5 225 225
PERSAUD
MICHAEL 8 8 8 8 8 5 7 52 20 1040 10 1050
MUNROE
WEEK 8
HOURS WORKED

PAYROLL SHEET
WEEK 8

NAME GROSS PAY TAX NIS TOTAL NET PAY

DEDUCTED DEDUCTIONS
JOHN SINGH 285 28.5 14.25 42.75 242.25

PETE PATEL 340 34 17 51 289

SASHA PAUL 312 31.2 15.6 46.8 265.2

SARAH 225 22.5 11.25 33.75 191.25

PERSAUD

MICHAEL 1050 105 52.5 157.5 892.5

MUNROE
QUESTION 4 A

Credit Note Credit Advice no: 160

Banks DIH Ltd.

Thirst Park

To: V&P Supermarket

Leonora, WCD Date: 4 th October.
Re: Invoice no: 800

- Overcharge on 10 sacks of cheese sticks @ $80 per sack $80

TOTAL: $80

Debit Note Debit Advice No: ____

Banks DIH Ltd

Thirst Park

To: V&P Supermarket

Leonora, WCD Date: 9 th October
Re: Invoice No: 809

- Transport charges $150

TOTAL: $150

QUESTION 4 B

BANKS DIH LTD

STATEMENT

TO: V&P SUPERMARKET

LEONORA, WCD

DATE DETAILS DEBIT $ CREDIT $ BALANCE $

1st Oct Invoice 800 2080 2080

6th Oct Invoice 809 3560 5640

4th Oct Credit note 800 4840

9th Oct Debit note 150 4990

QUESTION 5

PETTY CASH BOOK

DEBIT CREDIT
CASH DATE DETAILS VOUCHE TOTAL STATIONER POSTAGE TRAVEL SUNDRIES
RECEIVE (2014 R S Y
D )
$200 Cash
1st Taxi Fare 694 30 30
March
2nd Stamps 692 6 6
March
3rd Office 689 16 16
March paper
4th Office 690 20 20
March envelope
5th Cleaning 691 10 10
March materials
6th Stamps 693 60 60
March
142 36 66 30 10
Balance 58
c/d
QUESTION 6

CASH BOOK
RECEIPTS PAYMENTS
DATE Details Bank $ Date Details Bank $
(2013)
1st Jan Bal c/d 900 * 2nd Jan St Pete’s 200 *
00340
3rd Jan Sarah Ltd. 360 * 2nd Jan Pat Ltd. 60 *
00341
14th Jan Patel Bros 400 * 4th Jan Cellink 100 *
00342
29th Jan Saajid 70 5th Jan Mayor SO 80 *
8th Jan S. Sam 00343 60 *
11th Jan Pat S. 00344 160 *
12th Jan AZ SO 50 *
31st Jan Bal c/d 1020
1730 1730
31st Jan Bal b/d 1020

STATEMENT
GBTI Bank,
Parika,
Guyana.
Account: Manufacturing Industries
Account no: 01359621
Statement no: 25
Date: 31st Jan, 2013

Date Details Debit $ Credit $ Balance $

(2013)
1st Jan Balance 900 * 900
2nd Jan 00340 200 * 700
2nd Jan 00341 60 * 640
3rd Jan Cheque 360 * 1000
4th Jan 00342 100 * 900
5th Jan SO 80 * 820
8th Jan 00343 60 * 760
11th Jan 00344 160 * 600
12th Jan SO 50 * 550
14th Jan Cheque 400 * 950
31st Jan Bank charges 30 920

NB: (*) signifies similar items

UPDATED CASH BOOK
RECEIPTS PAYMENTS
DATE Details Bank $ Date Details Bank $
 (2013)
1st Jan Bal c/d 900 * 2nd Jan St Pete’s 200 *
00340
3rd Jan Sarah Ltd. 360 * 2nd Jan Pat Ltd. 60 *
00341
14th Jan Patel Bros 400 * 4th Jan Cellink 100 *
00342
29th Jan Saajid 70 5th Jan Mayor SO 80 *
8th Jan S. Sam 00343 60 *
11th Jan Pat S. 00344 160 *
12th Jan AZ SO 50 *
31st Jan Bal c/d 1020
1730 1730
st
31 Jan Bal b/d 1020 Bank 30
charges
31st Jan Bal b/d 990 31st Jan Bal c/d 990

Balance shown in the bank statement $920

Add item not credited (1) + 70
Corrected Cash Book Balance $990

Balance per cash book $990

Less item not credited - 70
Balance per bank statement $920