INDONESIAN INTERNATIONAL SCHOOL YANGON (IISY)
No. 100 Lower Kyimyindine Road, Ahlone Township, Yangon Myanmar 11121
Phone : (095-1) 220987-220988-220989 Fax : (095-1) 254468
Website : www.iisyangon.net
FIRST MID-SEMESTER EXAMINATION
Distance Learning During Emergency COVID 19 Pandemic
ACADEMIC YEAR 2021-2022
Score Subject : Accounting
Class : Grade IX Newton and Faraday
Day, date : Wednesday, 22nd September 2021
Time : ____________
Student’s Name : Akar Kaung Khant
Instruction:
1. Pray before you start doing your exam.
2. Read the instructions carefully.
3. You have 60 minutes to do the exam.
4. There are 4 different questions.
1 Insert the missing words in the following sentences.
In double entry, the account which is receiving or gaining value is 1)..debit.......
and the account giving value is 2).credit
Goods obtained for resale are .3)..inventory.......... to the 4)......bank.........
account. If the goods are to be paid for at a later date the account of the supplier
is 5)............trade payable.....
The cost of repairing a motor vehicle would not be recorded in the
6)vehicle................. account as it does not 7).show................ the value of the
motor vehicle.
Where commission is both received and paid by a business, the business will
maintain two commission accounts – a 8)................commission
receivable. ................. account and a ..9)......commission
payable.......... .................. account.
When the owner of a business uses his own money to purchase a machine for
the business, the10) ....Machine.............. account will be debited and the .
11)..........Bank....... account will be credited.
2 Complete the following table:
Transaction Account to be Account to be
debited credited
The owner introduced $60 000 capital purchase Bank
into a business bank account
Paid rent of premises by cheque premises Bank
Purchased goods for resale on credit purchase Ak supplies
from AK Supplies
Nelson, a credit customer, returned Nelson
goods
Sale return
Purchased office equipment by cheque equipment Bank
Received a loan from AN Loans which bank An loans
was paid into the business bank
3 Using the list of balances below, prepare the trial balance of Amit at
31 May 20–8.
Amit
Trial balance at 31 May 20–8
Dr Cr
$ $ $
Sales 176 000 Sales 176000
Purchases 110 000 Purchases 110000
Carriage 5 040 Carriage 5040
inwards inwards
Sales returns 1 650 Sales returns 1650
Purchases 950 Purchases 950
returns returns
Fixtures and 48 000 Fixtures and 48000
fittings fittings
Motor vehicles 14 000 Motor vehicles 14000
Inventory 21 000 Inventory 21000
Trade 14 000 Trade 14000
receivables receivables
Trade payables 11 500 Trade payables 11500
Balance at bank 2 385 Balance at bank 2385
Cash 1 720 Cash 1720
Wages 15 300 Wages 15300
Rent 22 000 Rent 22000
Electricity 3 260 Electricity 3260
General 4 670 General 4670
expenses expenses
Drawings 14 000 Drawings 14000
Capital 88 575 Capital 88575
277025 277025
4 Jason started a business on 1 April 2005. His transactions for the first month of
trading were as follows:
April 1 Jason introduced capital of $40000. Of this $1000 was in cash. The
remainder was paid into the business bank account
2 purchase premises, $25000 by cheque
4 purchase goods $9500 on credit from Lynn
6 paid general expenses $250 in cash
9 Cash sales $320
12 Sold goods, $1460 on credit to Paul
Paid $10 in cash for carriage on sales
15 Paul returned goods $120
20 Jason took goods, $100 for his own use
24 Paid Lynn $8000, on account by cheque
27 Paul paid the amount outstanding by cheque
Enter the above transactions in the ledger of Jason. Balance the account and
bring down the balances on 1 May 2005
…Cash……….Account
Amoun Amoun
Date Detail fo Date Detail fo
t t
20-5 20-5
April 1 Capital 1000 April 6 General Expenses 250
April 9 Sales 320 April 12 Carriage Outwards 10
April 30 balance C/d 1060
1320 1320
May 1 Balance b/d 1060
Bank………….Account
Amoun Amoun
Date Detail fo Date Detail fo
t t
20-5 20-5
April 1 Bank 39000 April 2 Premises 25000
April 27 Paul 1460 April 24 Lynn 8000
April 30 Balance C/d 7460
40460 40460
May 1 Balance b/d 7460
Capital……….Account
Amoun Amoun
Date Detail fo Date Detail fo
t t
20-5
April 1 Cash 1000
April 1 Bank 39000
…Premises…….Account
Amoun Amoun
Date Detail fo Date Detail fo
t t
20-5
April 2 Bank 25000
…Purchase…….Account
Amoun Amoun
Date Detail fo Date Detail fo
t t
20-5 20-5
April 4 Lynn 9500 April 20 Drawing 100
Lynn (Trade Payable)……….Account
Amoun Amoun
Date Detail fo Date Detail fo
t t
20-5 20-5
April 24 Bank 8000 April 4 Purchase 9500
…General Expenses………….Account
Amoun Amoun
Date Detail fo Date Detail fo
t t
20-5
April 6 Cash 250
Sales……….Account
Amoun Amoun
Date Detail fo Date Detail fo
t t
20-5
April 9 Cash 320
April 12 Paul 1460
…Paul (trade Receivable)……….Account
Amoun Amoun
Date Detail fo Date Detail fo
t t
20-5 20-5
April 12 Sales 1460 April 15 Sales Return 100
April 27 Bank 1460
…Carriage Outwards……….Account
Amoun Amoun
Date Detail fo Date Detail fo
t t
20-5
April 12 Cash 10
…
Sales Return………….Account
Amoun Amoun
Date Detail fo Date Detail fo
t t
20-5
April 15 Paul 120
…Drawing……….Account
Amoun Amoun
Date Detail fo Date Detail fo
t t
20-5
April 20 Purchase 100,
