IGCSE ACCOUNTING 902 – SECTION TESTS

Name: Date: Passing Score: Score:

24
30 80% 30 %

Section 1 Test

1. Name the three (3) main books of Prime Entry and explain their functions: [6 marks]

Name of Book Functions

a.

b.

c.

2. Provide 4 examples of specialised journals. [4 marks]

3. Following are the purchases & sales for Hendriks for May 2017:

2017
May 1 Sold brass goods to Marshall for $24, and bronze items for
$36

May 7 Sold tin goods to Richard for $70, and lead items for $230.

May 9 Bought tin goods from Clarke for $400.

May 16 Bought copper goods from Charles for $320.

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May 23 Sold tin goods to Young for $50, brass items for $70, and lead
figures for $80.

May 31 Bought goods from Nelson; brass figures $100.

a. Required: Draw up the Sales and Purchases journals for the month of May 2017.
[17 marks]

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 IGCSE ACCOUNTING 902 – SECTION TESTS

b. Required: Transfer the total of the Sales Journal into the Sales A/C for the
month of May 2017 [3 marks]

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 IGCSE ACCOUNTING 902 – SECTION TESTS

Name: Date: Passing Score: Score:

24
30 80% 30 %

Section 2 Test

1. What is the effect of GIVING Cash Discounts? [3 marks]

______________________________________________________________________________________

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2. List the 3 main types of ledgers used. [3 marks]

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______________________________________________________________________________________

3. Name 2 types of accounts classified under Personal Accounts and 2 types of

accounts classified under Impersonal Accounts. [3 marks]

______________________________________________________________________________________

______________________________________________________________________________________

______________________________________________________________________________________

______________________________________________________________________________________

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 IGCSE ACCOUNTING 902 – SECTION TESTS

4. Name the 2 types of discounts given/received. [2 marks]

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______________________________________________________________________________________

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5.

Baker

2017 2017

May 1 Bal b/d 500 May 7 Bank (ii) 475

May 8 Sales (i) 900 May 7 Cash 25

Discount (iii)

May 23 Returns (iv) 200

May 31 Bal c/d (v) ?

1,400 1,400

June 1 Bal b/d ?

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Required:

a. For items (i) to (iv), name the books of original entry for the entries. [4 marks]

i. _________________________________

ii. _________________________________

iii. _________________________________

iv. _________________________________

b. For items (i) to (iv), name the source documents used to write up the books.
[4 marks]
i. _________________________________

ii. _________________________________

iii. _________________________________

iv. _________________________________

c. In which ledger book would you find Baker’s account? [2 marks]

_________________________________________________________________________________

_________________________________________________________________________________

d. Explain what is the purpose of item (iii) [2 marks]

_________________________________________________________________________________

_________________________________________________________________________________

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e. Calculate how much is item (v). Show all your workings. [3 marks]

_________________________________________________________________________________

_________________________________________________________________________________

f. Explain briefly what item (v) represents. [2 marks]

_________________________________________________________________________________

_________________________________________________________________________________

g. Explain ONE benefit of using Books of Prime Entry [2 marks]

_________________________________________________________________________________

_________________________________________________________________________________

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