Nlight Academy, Hulhumale Grade 8 /Business Studies

BUSINESS STUDIES
Assessment on Documentary records and Book of prime entries

Name: ……………………………………… Index: …………… Class: ……………

1. Define Invoice and state the purpose the documents (2Marks)

2.

( 1 Marks)

3. Explain one difference between trade discount and cash discount (2 Marks )

4. The table below contains transactions carried out by J Jonson for Month of June

Date Transection Document

1
Nlight Academy, Hulhumale Grade 8 /Business Studies

2022 June 1 Bought goods on credit from Ali$ 5000

June 7 Payment made to Ali, $4000 in cash

(2
Marks)

3. Record the following transactions for October 2020in the relevant books of original entry and
ledgers for Abraham.
(28 Marks)

2020

October 1 Bought goods on credit from Rowe $ 2560.

5 Sold goods on credit to Marie $ 6820.

8 Returned goods to Rowe $ 260.

10 Invoice sent to Dhabi on credit $4000.

18 Credit Note sent to Mariah $ 220.

(a) Prepare the Day books for Abraham for October 2020
(b) Post the entries into the ledger and general ledger.
Sales Journal

Date Detail Amount

Sales Return Journal

Date Detail Amount

2
Nlight Academy, Hulhumale Grade 8 /Business Studies

Purchase Journal

Date Detail Amount

Purchase return Journal

Date Detail Amount

Sales Ledger
Marie Account

Date Detail Amount Date Detail Amount

3
Nlight Academy, Hulhumale Grade 8 /Business Studies

Dhabi Account

Date Detail Amount Date Detail Amount

Purchase Ledger
Rowe Account

Date Detail Amount Date Detail Amount

General Ledger:
Sales Account

Date Detail Amount Date Detail Amount

Sales Return Account

Date Detail Amount Date Detail Amount

4
Nlight Academy, Hulhumale Grade 8 /Business Studies

Purchase Account

Date Detail Amount Date Detail Amount

Purchase Return Account

Date Detail Amount Date Detail Amount