Answer 2 out of the 3 questions.

Question 1 is compulsory

1.Solve and record the following invoices

ABA SARL
AKO Debit ABESSOLO
Debit : ABA SARL Ebolowa
Batouri
Invoice No 65 Invoice No 86
The 03/06/2007 The : 10/06/2007

Description UNIT QTY UP AMOUN Description Unit Qty U.P Amount

T
TUBERS NET 5000 1500 Couscous Net ------- 20000 ---------
Trade disc 10% Rebate 5% 500000
Commercial Net Commercial net
Deposit on Cont 5000 600 Deposit on cont
Carriage invoiced 20000 Carriage invoiced
(tax exclusive) (tax exclusive)
Vat 19.25% 2 281 125
Net payable Net payable
Cash settlement ----------- Settlement by Bank cheque --------------

ABA SARL
ABA SARL Debit ABESSOLO
Batouri Ebolowa
Debit : ETIA
Berterati Credit note No 033
The : 12/06/2007
Invoice No 87
The 15/06/2007

Description UNIT QTY UP AMOUNT Description Unit Qty U.P Amount

Couscous NET 450 30000 Couscous Net 20 ---------
Rebate 100000 Rebate ---------
Commercial net Commercial net --------
Cash disc 2% Deposit on cont --------
Deposit on cont Carriage paid 35775
Vat 19.25% (tax inclusive)
Dispatching fees( Tax Vat 19.25% --------
inclusive) 59 625
Net payable Net to your credit
On credit ----------- --------------
Question 2

Ndotiti was recruited on the 23rd June 2018. As an accountant in ABC enterprise
cow street Po box 1816 Kumba. His basic salary is 468000 frs monthly and his
normal weekly hours are 40. During the month of August 2019 he effectively
worked as follows

1st week: 59hours with 2hours on Sunday

2nd week: 60hours with 3hours from 10:00pm to 6:00am

3rd week: 59hours with 1 hour waiting for a colleague to come replace him, 3hours
on public holiday

4th week: 47hours with 2 hours balancing the account which finally did not
balance.

He was married and had a son for which he was entitle to

-longevity allowance of 50000frs, milk allowance 15000frs, risk allowance

7000frs, out of station indemnity 50000frs, transportation indemnity 10000frs

Work required

1. Calculate the total amount of overtime and net taxable salary taken in to
consideration that he had all the various benefits in kind.

Question 3

Lafon and sons enterprise realized the following transaction from October to
December 2018. Purchase NB: VAT 19.25% note that vat is paid by cheque.

01/10/2018 purchase of goods 800 000frs and transport on purchase 20

000frs

18/10/2018 purchase of transport equipment 500 000frs

26/10/2018 sales of goods 1 500 000frs

01/11/2018 purchase of goods 400 000frs

13/11/2018 transport expenses on purchases 50 000frs

25/11/2018 sales of goods 1400 000frs (of which 300000frs is for export
sales)

01/12/2018 purchase of goods 600 000frs

02/12/2018 Electricity consumption 320KW at 50frs per KW

28/12/2018 sales of goods 900 000frs by cash

Work required

1. Do the accounting recording and calculate the monthly VAT payable.