FIELD: BUSINESS, FINANCE, AND MANAGEMENT (BFM)

TIME ALLOWED: 1 HOUR 30 MINUTES

SPECIALTY: ACCOUNTANCY (ACC)

CREDIT VALUE: 6

PAPER; COMPUTER ASSISTED ACCOUNTING

COURSE CODE: ACC17

INSTRUCTIONS TO CANDIDATES
 This paper carries two sections
 You are required to attempt all the questions
 Only non-programmable calculators and OHADA charts of accounts are authorized

SECTION A: MICROSOFT EXCEL 40 marks

Q1. Mr. JOHN is a member of ANINGDOH CREDIT UNION LTD, he contracted a loan of 60,000,000frs on
the first of January 2021 with an interest rate of 10% per annum and the duration of the loan is 60
months payable with constant amortization.

Work to do:

With the help of worksheet,

Prepared the loan amortization scheduled with the following attributes, knowing that the loan is paid
with VAT at the rate of 19.25%.

- C1 TO C4 Should Be The Loan Attribute

- C5 Headings With Description Loan Repayment Scheduled Of Mr John
- Designed The Loan Repayment Scheduled using “ duration, outstanding loan, amortization,
interest, VAT, annuity, loan balance at end”
- Format Your Work With Times New ROMAN with font size 12
- Save your work as LOAN REPAYMENT
- CREATE A FOLDER on your desktop with HND2022-CANDIDATE NUMBER as your folder name
and save your work using your name as defined above.
- Print out the loan repayment scheduled in an A4 Paper

SECTION B. SAGE SARI ACCOUNTING LINE 100 (60 MARKS)

A company we got as NCHAMCHAM LTD is located in Fundong, North West Region of

Cameroon. It identification number is 400811 at Fundong. This company is a LTD with P.O
BOX 192 as the postal code and 675813565 the telephone number. The financial position at the
beginning of period for the company regroups the following:
Land 50,000,000frs, stock of goods 60,000,000frs, construction 24,000,000frs, capital
120,000,000frs, SGB Bank 13,000,000frs, raw material 3,000,000frs, borrowing 36,000,000frs,
cash at hand 2,000,000frs, supplier grace 27,000,000frs, customer Bridney 11,000,000frs.

The company is into buying and selling and did carry out the following operations during the
month of December 2022.

02/12 purchase of goods by cash worth 1,450,000frs from supplier SILVIA VAT on purchases
19.25%

03/12 sales of goods to customer Jessica 2,050,000frs with payment made with a BICEC BANK
CHEQUE VAT on sales 19.25% transport paid 135,000frs

04/12 settlement of water bill 32,000frs

10/12 purchase of delivery van 8,000,000frs cash

28/12 payment of employee’s salaries 3,160,000frs

30/12 settlement of electricity bill 78,500frs

Work to do

- Create the company and prepare the necessary files

- Create all the essential journals
- Record all the essential taxes in their respective journals
- Record the journal operations in their respective journals
Generate the following accounting documents for the period end
1. Balance sheet journal
2. Purchase journal
3. Trial balance
4. Income statement