CHUNG HUA MIDDLE SCHOOL, KUALA BELAIT

YEAR 9 ACCOUNTING
2021 Year End Assessment

Name: Date: 9/11/2021 (Tues)

Class: Year 9 Sc 1/ Year 9 Sc 2/Year 9 Arts Time: 08 00 - 09 30

Write all your answer in the test pad:

Section A: (15)
1. The main purpose of accounting is to ___.
A. ensure the business makes profit
B. provide information for decision-making
C. record cash receipts and cash payments
D. record the debtors and creditors

2. Andy purchased a motor vehicle on credit from Wee Motor Company.

How would Wee Motor Company record this?
Account to be debited Account to be credited
A. Andy Mr. Wee
B. Andy Sales
C. Motor Vehicle Andy
D. Purchases Andy

3. Which of the following is not an income?

A. discount received
B. sales receipt
C. interest charged on overdraft
D. commission revenue

4. Which item would be recorded by a debit entry in an account?

A. An increase in capital
B. A decrease in liabilities
C. A decrease in assets
D. A decrease in expenses

5. Which of the following is not correct?

A. inventory – current assets
B. mortgage – long term liabilities
C. bank overdraft – current liabilities
D. stationery – fixed assets

6. Which of the following is correct?

A. Jack Ma – personal account
B. purchases – real account
C. furniture – nominal account
D. creditor – nominal account
1
7. Which document will a customer issue to inform a supplier of an overcharge?
A. debit note B. credit note C. invoice D. statement of account

8. When Ming sold goods on credit to Mr Ee. Which document is issued by Ming to Mr Ee?
A. receipt B. bank statement C. memo D. invoice

9. What of the following transaction is recorded in the General Journal?

A. bought goods on credit from supplier
B. sold stock of goods for cash
C. withdrawal of stock for family use
D. paid a cheque for office computer

10. Where should the total in the Purchases Returns Journal posted to?
A. debit side of returns inwards account
B. credit side of returns inwards account
C. debit side of returns outwards account
D. credit side of returns outwards account

11. Which of the following is not one of the source documents for making entries in the Cash Book?
A. cheque counterfoil
B. sales invoice
C. bank-in-slip
D. payment voucher

12. Which one of the following does not appear in the Three-Columns Cash Book?
A. discount withdrawn
B. dishonoured cheque
C. transfer of cash from office to bank
D. cash drawings

13. Which of the following is recorded on the credit side of the Cash book?
A. purchase of asset on credit
B. drawings of goods for personal use
C. interest on overdraft charged by the bank
D. cheque received from a credit customer

14. If the petty cash has an imprest amount of $150 and the expenses are: cleaning $30, coffee and
tea $20, postage $6 and stationery $21, the reimbursement cheque drawn by the chief cashier
to the petty cashier will be ____.
A. $77 B. $173 C. $150 D. $227

15. Financial statements are prepared to assess the progress of the business every year. Which of
the following concepts is being applied?
A. accrual
B. historical cost
C. business entity
D. accounting period
2
Section B: (51)
1. Select and record into the General Journal, Purchases Journal, Returns Outwards Journal, Sales
Journal and Returns Inwards Journal for the transactions below. (Narrations are required for
the General Journal). No need to do postings. [29]
2021
August 1 May Co has the following balances:
Cash at Bank $ 10 000
Motor Vehicle $ 9 600
Loan from Sim $ 2 000
3 Purchased goods from Abu at list price $1200. Trade discount 20% was given.
4 Returned goods at list price $50 to Abu.
5 Cash sales of goods $430.
7 Withdrew goods for private use $10.
10 Sold goods on credit to Peter $230.
11 Peter returned soiled goods $2.
14 Bought office tables on credit from Leslie $360.
19 Received invoice for goods bought from Mr. Peng $890.
21 Returned empty container to Mr. Peng $48.
24 Withdrawal of goods to distribute to customer as free gifts $78.
26 Received a cheque for commission $320.
28 Sent invoice to Sunrise Co. for goods at list price $700. Trade discount 10% was
given.
30 Sunrise Co. returned goods that valued at $40.
31 Paid salaries by cheque $1500.

Q2. Select and record the following transactions in a three-column Cash book and balance it at the end
of the month and show the relevant discount accounts as they would appear in the ledger. [22]
2021
May 1 $
Cash in hand 1300
Cash at bank 5000
2 Purchased goods by cheque 700
3 Paid rates by cheque 70
4 Bought goods on credit from QQ Co. 800
8 Sold goods to Tally on credit 450
9 Returned damaged goods to QQ Co. 20
10 Cash sales 120
11 Paid transport by cash 62
13 Tally returned goods of wrong brand 15
14 Paid for stationery in cash 26
18 Tally paid cheque $170 less 10% cash discount.
20 Drew from bank for own use. 110
24 Purchased goods with office cash. 320
26 Paid QQ Co. a cheque $750 in full settlement
of the amount owing him.
28 Paid wages by cash. 400
30 Paid cash into bank. 300
3