Laird Worldwide-Ethiopia Written test for Finance and Admin Officer Time allowed: 2:00 hour

1. Laird prepare bank reconciliation for the month of September based on the following data
 Balance as per bank statement as at 30th of September $ 11589.43
 Errors: Cheques No 443 was correctly written by Laird for $1,226.00 and was correctly
paid by the bank, but recorded for $ 1,262.00 by Laird.
 One new donor has transferred $ 2,201.40 (project advance payment) to our bank
account without notifying Laird. We only knew this transfer after the month ended.

 Here are outstanding cheques of

 Cheque No 12345 $ 3,000.00

 Cheque No 33333 $ 1,401.30
 Cheque No 44444 $ 1,502.70

 Bank memoranda:
 Debit-NSF cheque from Sunnyside Hotel for $ 425.60
 Debit - Printing Cost of cheque book, $ 30.00
 Credit-Collection of note receivable for $ 1,000.00 plus interest earned $50.00 less
bank collection fee $ 15.00 Laird book balance as at 30th of September is $
15,907.45
a) Prepare a Bank Reconciliation Statement as at 30 September 2020.
b) Prepare any necessary adjusting journal entries as of 30 September.

2 Assume thLaird Company staff took travel advance 5,000.00 birr and he/she has a total expense
5,246.00
A. What are necessary document to support settlement travel advance?
B. Pass necessary journal entry at the time of settlement?
3. List down the documents that you are required to check before writing a cheque for payment of

a) Allowances for training participants-

b) Procurement of office supplies

4. Describe the meaning of the following terms in accounting.

c) Accruals
d) Prepayment
5. What is the meaning and importance of project budget?

HR questions
1. What are the basic documents that need to be included in personnel file? Please describe he
purpose of filing those documents in individual personal files?
2. Would you please briefly explain staff recruitment procedures to be followed?
3. How can you make sure that health and safety of the staff working in remote areas are ecured?
Please explain your role as Admin/HR officer.
4. What are the Human Resources information needed to prepare monthly payroll?
5. Would you please briefly discuss on how to handle work related complaints? Please g practical
example from your past experience and briefly discuss the case your role.
6. A new Store Keeper has been recruited. Her name is Abeba W/Mariam. She will arri ne office
on 25 October 2020.
Which kind of employment contract do you prepare? List the information conte you need to
include in the employment contract.

"The bank statement for Laird Company shows a balance per bank of $15,907.45 on April 30,
2006. On this date the balance
of cash per books is $11,589.45. From the foregoing steps, the following reconciling
items are determined.
1. Deposits in transit: April 30 deposit (received by bank on
May 1). $2,201.40
2. Outstanding checks: No. 453, $3,000.00; no. 457, $1,401.30;
no. 460, $1,502.70. 5,904.00
3. Errors: Check no. 443 was correctly written by Laird for
$1,226.00 and was correctly paid by the bank. However, it was
recorded for $1,262.00 by Laird Company. 36.00
4. Bank memoranda:
a. Debit?NSF check from J. R. Baron for $425.60 425.60
b. Debit?Printing company checks charge $30.00 30.00
c. Credit?Collection of note receivable for $1,000 plus interest
earned $50, less bank collection fee $15.00 1,035.00"

W.A. Laird Company

Bank Reconciliation
30-Apr-06

Cash balance per bank statement 15,907.45

Add: Deposits in Transit 2,201.40
18,108.85

Less:Outstanding Checks
No. 453 3,000.00
No. 457 1,401.60
No. 460 1,502.70 5,904.00
Adjusted Cash balance per bank 12,204.85
Cash balance per books 11,589.45
Add:collection of note rec $1,000, plus
interest earned $50, less coll fee $15 1,035.00
Error in recording Ch # 443 36.00 1,071.00
12,660.45
Less NSF check 425.60
Bank Serv. Chg 30.00 455.60
Adjusted cash balance per books 12,204.85