Written test for the position of Finance Assistant

BRAC Afghanistan

Date: 21 June, 2020 Time: 02.00 Hours

INSTRUCTIONS

 Please fill up the personal information accurately.

 Please keep your cell phone off.

PERSONAL INFORMATION
Roll/Ref. number:

Name :

Father’s name :

---------------------------------------------------- For official use only --------------------------------

Invigilator’s signature

Part-I Total Marks: 50 Marks Obtained: Name of Examiner:

01. Journalize the following entries: Marks-10

a. Salary of a staff is AFN 110,000. Prepare appropriate entry on salary payment

considering following tax tire.
Monthly Income Tax
0 AFN.- 5,000 AFN. 0%
5,001 AFN.-12,500 AFN. 2%
12,501 AFN.-100,000 AFN. 10%
100,001 AFN- Above 20%

b. Advance salary paid to a Program Organizer amounting to AFN 18,000

c. Laptop purchase for Provincial Accounts officer amounting to AFN 45,000 by cheque

d. Salary paid for the month of May 2020 for Program Organizer AFN 18,000 by cash.

e. Bank charges amounting to AFN 4,500

02. As a Provincial Accounts Officer you found the following errors in accounts, kindly pass necessary
journal entries to rectify the errors. 5X2=10

(i) Fund was received in bank account AFN 125,000 but not recorded in cash book.

(ii) Tax was deducted from staff’s salary amounting to AFN 4,500 but not recorded.

iii) Office supplies were debited by AFN 8,000 for purchasing of Table for Accounts officer.

(iv) Security deposit AFN 22,000 was deducted from accounts officer’s salary but not recorded.

(v) Depreciation @ 10% was not charged for the month of June 2020 for purchasing of
Table for Accounts officer AFN of 8,000.
3. As a Provincial Accounts Officer, please write an application to your supervisor seeking
approval for advance salary for the month of June 2020. Marks-10
4. Write cash book from the following information for October 2018: 10

01 October: Fund received from country office AFN 300,000.

02 October: Cash withdrawn from Bank AFN 45,000.
02 October: Travelling bill paid to Abdur Rahman AFN 15,000.
02 October: Car rent paid amount of AFN 18,000.
02 October: Table purchase for Accounts officer AFN 8,000.
31 October: Final payment transfer from Bank to staff amounting to AFN 45,500 included
security deposit AFN 18,000.
31 October: Office rent transfer from bank amount of AFN 30,000.
31 October: Bank Charge at the end of month AFN 4,500.
05. Write short notes of the followings: 5x2=10
a) Accounts Payable
b) Accounts Receivable
c) Credit Purchases
d) Current asset
e) Current liability