Bg eo gat) TRANSACTION AND pee | Steve old gods Le. Lee prizes pay te fll amaunte ori fre date of ae ‘Wat ype of ramsacton i this rom Lee's pont of view’? A Cathesier B Cochrane © Gredteaee 5 Gedtpuehase b from Tena Melo Li tre bere Tene ta show acepace of he i Voter fener! Motos Le wil sue 2 "eben 3. Which ofthe following explains an voice? 1. Tens y th alert srvey a arafer ef sumer fam the alr Be purhseae 18 etd bythe al ai ecving te ejected gore std bythe parca oso Yl of he pots Bough ted byte tarts show te monty rieracite wh ve chaser A. Which ofthe statements blow best describe a haement of account? ‘A. document repre by bests detang he gos bought by purchase as onthe ster de Prehase One, 1A documenta s propre yf sche on ee foc god BB Adccunect ats prepared by fv purace trey an err ina sles rao: B Adecument posced by he al ard gen lrg wih eines Cirton Hotel Supe Lid aomurisshowa debit arc inthe amu Blues Hoa ‘Wiich document shal lton Hotel Supplies Lid. receive along wih the payment fom Blues Hotel? 2 voice 2 kone Remane ace2st names Tamcacten and Tectia cone |. Which ofthe statements blow snot ue for coding system? Rape coniy ony pose Which ofthe statements blow note for sta soure document? 2 icra aioe wie rviwing he zen Capt odices sa inate the amount of drawings of lng le? * pie ise ies iS 5 Sta 12 what the prpoce oferossing a chaque? A. Tosopitnsing pido an czar ter an the payer's B Toapeed wpe ie Las ogo Brough te dear eet © Toston tobe pdm ary account pee 5 Tolet enon: creck tm bere oneugh money mie secant py t nyu goa data e 1D imu hove dlilad records sain napecton by compations J. Which of the follawing is the correct sequence in the accounting process? A Transaction, journal entry, source document ledger account, tial balance B Source doaument, transaction, ledger account, journal entry, trial baiance © Transaction, source dogument journal entry, tial balance, ledger account Transaction, source dogument journal eniry, ledger accound, tial balance Which of the following groups use financial sceaunting? A. Management, emplayses, shareholders and lenders B Suppliers, custamersand carpelitars © Tax suthalies, goverment and general public D Allof the aboveoa (eston Bam: $ 48, Rowe Lid purchaved goods costing $1,000 farm Lol Lid (Before esl tn) Lata: gue Rose 2 tae ‘iecount of 2, The ete af estes fain 7%. Calculate the net amount payable to Lotus Lic. a so B bas © Sao 5 Sao 17. Copper tat purchased 10 ters priced at $100 less trade ecount 20% from ln Lid. A cash dizcourt of Eire alouedt astiement i made wthn the slowed ere pero, Now much wil be paid by Capper Lid sesuming that the exth diecnunt te availed? A s1.260 B S107 © Eira DB s1,00 18, Which of te following statements ilare true? Bockups are temporary andhare shot Mespans measured nays ‘Nehivan dlrs a vars o's Ho ads Lp Cheng Jchiving i prmarly done toaave sorage space ard i preserve Mes which are nat cueny used by Peeples ‘chives are more frequent alred han backups and 2 ‘Fanaa Sands tan pose b Hy,aussrion BANK DUE Cala) B INDY oR ees 1. of he fling the ere db oy emotes EBD Bana? fei Re ce Be BO Sie $50 Gime Ste 7. Manton eet log ated abs, 5 ‘ editing | toon tears | a00 ca 000 Paymie | 4000 at athe ap in he banen? ed 3 ha sah pnd ne ith —— iat athe mount fringe of ar? 2, Faciok enna aharitue shop. ‘Which ofthe flowing int a curent asset for hen? ‘A Teote woshaties 1B Woasen ttre D Venice6 may of Tamas and teem bay yea. ome 24 Stata tried a now business by iveting $20.00 aah and $25,000 vero. Se ale ook» tank oan 2 $5000 ant pal bunnnsengernas 6 $2000 fom he sah raghtin iat a foal apa © s4a000 3 00 © 000 5 Ebo0 25, ich ofthe flowing ie not este a revenu expendire? ‘A. Yeaty premium of neurone taken ora deb an Patel axpente or tha dlvery van B SSoy ute vera he delay nn 21, Wich ofthe flowing sae current biti? 0) Bank ovat (by Account restate (i) Taxpayabe () Capt (0 Utneepayabte nt year A gma a 27, ly decid to we he paren n fier he aw busines vee Which ofthe fotowing lc the correc fect onthe accourting equation? A. Coptolincease a aac decresee Unites cress al ects D Coptslaaiabives meats and see decrease 2 Which ofthe flowing ea capital expenatre? 28 Suzan pid a nk an of 5000 ‘A. Dacrsze i seel by $0.00 a arene bly by $50,000 1 eres ately $8000 desrece I sly by $60,000 © Inereaecin arot and sty by $50,000 1 Dowoace tae and intly by S80000 30. Aron cl sana ut Link 6120000 woh chap ef aa ‘Wich of th folonirg ete correct any tread le tanto ne tooks of ron? » tate bo * ° coo 2 © 2000 38? > 1200 7°"oan (user tam: 21. Whi sins tanascton routes th flow oun ery? (Tbe pin ny arc ara wer ner areca ef ie 4 Gmeto 2 Gah € fants 55. er sada buna ad bog SSC ach pi \ich ofthe loving te cect doable en tocar te taneion’? aoe 00 cr Gan 500 Bor Coett ss000 or Se 500 © oo Cah 5000 or Nenu ty a0 cr Case 500 ed itt tint or {Comma nh (t) Yaresdaboe Bmore (Soa ertat Cele aot tay 4 iam Bata EG ai” 5 kedani? haa} 24. Whe ofthe owing th corecnty fora cheque rece oversee?Daa o Tasco nde Deal ay Sea. ome 14, Deny std gods Kaly fo $7,500 Klymade tepayme on the eae dy. ‘ati th corect double ety fhe tansaton nthe book of Denny? 7500 $7500 7500 $7500 7500 $7500 7500 $7500 (Tato reosatlee (h Sat eeporane {th Tce pace (Drie A Omi, 8 than 2 Sand) 5 mando $8. Wich of te flwing statement facil postion summarise correct? A s5000 S100 8 S210 Siem Sano © $2500 90 Sado 5 soo 25000 Seo00 41 my bug ged fom Semon cast ‘nate corset ery core he ranactonsn Enmy' coke?oar 42, dm zene a debit nate ane afi upp. In-which of the books af prime entry would this be recorded? ‘A Purchases 8 Same © Purchase retin B Ssercetre (49, Which ofthe following ies record of prime eniy? A Plichano bit © Raceivabes tiger corot account B scumal {4 In wich books of prime entry would the following transactions be entered? Cot ele for $287 (Cash ale of 20D les 10% dscrunr cash payeent “The cath boak and saes day bak “Tha pst ean Dock snd ea ay Book ‘The puch doy book and ese ay book ‘The purvaland sh book AB. Which ofthe following would normaly be enlredin the Journal? A Crect purchase rears 1B Tvetore etree oaunia (© Recep rom oreditesiamers DB Exparas payne 46, Wats the journal entry to record an had debts? te A Trade reashatle * ed date x Bp Tendo payee * ad aatie x Badass * “rode eoehale x bp Badasbe x Trade eoriale x |. Wiki of the folowing transactions would be aered inthe Joura!? A Witirava of money fom busines by onner 1B Salof goose on create ran custo © Purchase of machinery for cash for business use Purchase of venice on rei orbuminens ute 4. Wich ofthe following tansacions would be entered in the Joural? Wii of money fam busines by vane 8 oergoos once torew antaree 5 Puchare of iol of edt beens vee {2 Wich ofthe following eax reason For mlntining ay books in ation othe ledgers?QUESTION BANK ee a ey BU eae {4 pnrgpzaton fe USA ve py sper Chino prchca made the preous mon nich mode of peyment weld quand beat outed? 2 Jere eed at ie th rk ayn. ugh hel on Fach atesnes ‘onan pa 153. Ue fhe fling ie et eftymensrefor Rang cath? 1 roi on ry rea ea i ieksestthe B Aided cit store 1. Which of he statements below cas not hod ie for debit cae aed systems’? 1A. Dotto eat ia sci ne of coun parents rn core, 1B Thete eco the pymar nha accu atta tame ime. Dette conaiea br nad to chek te aubeonton ota cheque guar od. 1D Debian print no copie af rece 5, Which of the following sslements ents characte of rect debi? ‘A. Theres ft finde revo bark ora the payment Del dbl syne cn be made lephane 5 Dreddeat i tretecrrstnds tater ear12: Range ad Tana, 27 Yla pted ecigaino 2H ne mari.snt py mn 1 ce pee tansy rg ek cei ae of rt ‘reba ne Be nape sa tanga, eases ind wc ek fe pa debanour chu ant company asian nce Ine ncn whe bl rte ou i= (2. Toe reason for having 2 bank cure sooount would notch: 15 Tio md alent yr otf aban © The deat sam anima rear on nance rieirenscare (weston nam: 1 (3. cheque deposited or ich the bak wl nt ranatr any money an be © Rewdtiorter 5 Aguserieed cheque 1. when depositing money int your curensezount, you shoul shay uns A. Ageraaledgar © Acutock Bo Apayig ete (4. cheque pl by hut not yet pretented trough the banking sytem © stoning set 5 Rverrpeleie! hegae