Al Safi International School

Accounting past papers

Grade nine

Name: Answer Key

T: Enas Shehata Page 1

 46*11.50 529

Trade 106

423

AB Jones
To return goods
Debit note

Sales return Tom Brown

T: Enas Shehata Page 2

 T.R

Dr

1029
1010

Statement of account
To remind the customer of the amount due
4 Oct
1010
invoice

11 Oct
credit note

T: Enas Shehata Page 3

 Supplier

Rick Purchase T.P T.R Sales

Bill No entry

Rick T.P Purc Ret Sales Ret T.R

Rick No entry

T: Enas Shehata Page 4

 paper 1

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 25*50= 1250

Dis = 1250*10%=125

1250-125=1125

770
580
286
280

Statement of account

Azuel

T: Enas Shehata Page 6

 To remind the customer with the amount due

OR To summarize the transaction happened during the month

Tumelo

$280

Because it is already recorded before

1- TO DIVIDE THE WORK BETWEEN PEOPLE

2- TO REDUE THE POSSIBLITY OF FRAUD

Sales ledger

Nominal ledger
purchase ledger

Nominal ledger
nominal ledger

T: Enas Shehata Page 7

 Supplier Customer

Simran
Kumar
Kumar
Simran

To remind the customer with the amount due

Sales return journal

Sales ledger

Trade discount

In the sales journal & sales return journal

T: Enas Shehata Page 8

 Sales return account (Dr)

In customers account (cr)

Capital Liabilities

T: Enas Shehata Page 9

 To request to make a reduction in the invoice

To remind the customer with the amount due

It is already has been recorded before

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 Customer

Because Thato bought in bulk

To encourage Thato to pay early

dis= 5000* 2.5%= 125

amount paid =5000 -125= 4875

Purchase ledger

T: Enas Shehata Page 11

 DR
1150
1035
349
335

Statement of account

$335

T: Enas Shehata Page 12

 Sales INVOCE J SMITH purchase J smith

Sales return journal

Purchase return journal

T: Enas Shehata Page 13

 Easy for reference

Sales Invoice
purchase invoice

Credit note

Credit note

Purchase account Dr
sales return account Dr
purchase return account Cr

Cash book , petty cash book ,

general journal

Nominal ledger
nominal ledger
sales ledger

580*20%=116

300*20%= 60 580-116=464

300-60=240

T: Enas Shehata Page 14

 1114 Charles account 690

Jun 1 balalnce b/d 450 Jun 13 sales return 240

5 sales 464 28 bank 450
23 sales 200 30 bal c/d 424
1114 1114
July 1 bal b/d 424

supplier
Customer

2800*20%= 560
2800-560=2240

T: Enas Shehata Page 15

 Sales journal

Date Details $ $
Feb 2 Kumar 7850
Discount 7850 * 20% 1570 6280

14 Dimuth 520

Total sales 6800

Purchase journal

Date Details $ $
Feb 4 Mahela 960
Discount 960 * 25% 240 720

19 Mahela 750
Discount 750 *20% 150 600

Total purchase 1320

Purchase return journal

Date Details $ $
Feb 10 Mahela 360

21 Mahela 150
Discount 150*20% 30 120

Total purchase return 480

Sales return journal

Date Details $ $
Feb 20 Dimuth 110

T: Enas Shehata Page 16

 Kumar account

Feb 2 sales 6280

Dimuth account

Feb 14 sales 520 Feb 20 sales return 110

Mahela account

Feb 14 purchase 720

Feb 10 purchase return 360 19 purchase 600
21 purchase return 120

Purchase account

Feb 28 total for month 1320

Sales account

Feb 28 total for month 6800

Purchase return account

Feb 28 total for month 480

Sales return account

Feb 28 total for month 110

T: Enas Shehata Page 17

T: Enas Shehata Page 18
 Sales account

Mar 1 bal b/d 149200

Mar 31 income statement 149840 31 total for month 640

14980 14980

Purchase account

Mar 1 bal b/d 99520 Mar 31 income statement 100285

31 total for month 765
100285 100285

Sales return account

Mar 31 income statement 2260

Mar 1 bal b/d 1940
31 total for month 320
2260
2260

Purchase return account

Mar 1 bal b/d 2090

Mar 31 income statement 2315 31 total for month 255
2315
2315

T: Enas Shehata Page 19

 Musa account

Mar 1 bal b/d 1110 Mar 11 sales return 320

4 sales 640 30 bank 1000
31 bal c/d 430
1750 1750
Apr 1 bal b/d 430

Siwela account

Mar 20 puchase return 255 March 1 bal b/d 800

27 bank 800 17 puchase 765
31 bal c/d 150
1055 1055
Apr 1 bal b/d 150

Sales journal

Date Name $ $
Mar 4 Musa 800
Trade discount 20% =800*20% 160 640

Purhase journal

Date Name $ $
Feb 17 Siwela 900
Trade discount 15%= 900*15 = 135 765

T: Enas Shehata Page 20

 Sales return journal

Date Name $ $
Mar 11 Musa 320

Purhase return journal

Date Name $ $
Mar 20 Siwela 300
Trade discount 15%=300*15% 45 255

Paper 1

T: Enas Shehata Page 21

 Azuel purchase journal sales journal
Tumelo No Entry

Azuel purchase return journal sales return

journal

Sales return journal

T: Enas Shehata Page 22

 Paper 2

Apr 4 Milly 320

Trade Discount = 320 *20% 64 256

5 EHL Limited 500

17 Todd 250

Total purchase 1006

T: Enas Shehata Page 23

 Aug 6 Kayla 1400

Trade disc= 1400*20% = 280 1120

18 Nyack 620

30 Kayla 160

Total sales 1900

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 Aug 12 Kayla 300

Trade disc. = 300 *20% 60 240

24 Nyack 640/4 160

Total sales return 400

18 sales 1120 Aug 12 sales return 240

30 sales 160 29 bank 900

31 balance c/d 800

2180 2180

Sep 1 balance b/d 800

T: Enas Shehata Page 25

 Aug 31 income statement 23300 31 total for month 1900

23300 23300

31 total for month 400 31 income statement 1960

1960 1960

T: Enas Shehata Page 26

T: Enas Shehata Page 27
 Aug 4 Nayck 6250

Discount 1250 5000

9 Gaby 2600

Discount 20%*2600= 520 2080

31 Total purchase 7080

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 Aug 13 Gaby 100

Discount = 100*20% 20 80

Aug 31 total for month 7080

Aug 31 total for month 80

Aug 9 purchase 2080

Aug 13 purchase return 80

30 bank 2000

T: Enas Shehata Page 29

T: Enas Shehata Page 30
 Purchase journal sales journal

Not recorded

Purchase return sales return

journal journal

Not recorded

Diane

To request for a deduction of

the invoice

Udomo

To accept the deduction in

the invoice

T: Enas Shehata Page 31

 Udomo

To remind the customer of

the amount due

8 sales 560 16 sales return 100

24 bank 720

31 balance c/d 460

1280 1280
Nov 1 balance b/d 460

T: Enas Shehata Page 32