Professional Documents
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MECHANICS:
1. The test will be about journal entries. We will test if you are knowledgeable with the basic concepts of journal entry.
2. Applicant will be given a time limit of 40 MINUTES for the whole exam (PART A and B). You may submit before the
time ends. Once 40 minutes is up you must stop answering.
3. Applicant will answer on the provided spaces in the excel sheet.
4. HR personnel will get back to the applicant for the result.
QUESTIONNAIRE - ACCOUNTING COURSE or COURSES WITH ACCOUNTING UNITS:
JOURNAL ENTRY:
A. Record the following transactions.
ANSWERS:
NO. PARTICULARS DEBIT CREDIT
1 Purchase 145,000
Discount 14,500
Cash 130,500
2 Accounts payable 23,000
Cash 23,000
3 Cash 369,000
Sales 369,000
4 Salaries & Wages Expenses 58000
salaries 42,459
sss 6,300
philhealth 2,765
fidelity bond 1,390
tax 586
salary advances 4,500
5 cash 30,000
loan payable 30,000
6 cash receivable 389,900
sales return 2,300
sales discount 11,697
sales 375,903
7 accounts receivable 98,000
collection 98,000
8 supplies 2,900
cash 2,900
9 gas expenses 7,500
cash 7,500
10 salary 34,000
cash 34,000
11 account payables 1,200,000
cash in bank 1,200,000
12 expenses 12,600
salesman's incentives 3400
store rent 6000
city services 3,200
ANSWERS:
NO. PARTICULARS DEBIT CREDIT
1 bank charges 1,600
accrued bank charge 1,600
2 accounts payable 22,000
purchase return 22,000
3 account receivable 200,000
additional capital 200,000
4 salary expenses wrong entry 20,000
accrued salaries expenses 20,000
5 accounts receivable not yet recorded 33,000
interest of loan 33,000
6 sales refund 90,000
refund for customer defective items 90,000
7 over stated sales discount 279
sales discount 279
8 expenses 900
repair and maintenance 900
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