Name: ______________________________________( ) S4 ( )

HOI PING CHAMBER OF COMMERCE SECONDARY SCHOOL

S.4 BAFS First Term Test, 2019 – 2020 ANSWER SHEET Marks: /90

A. Multiple Choice (10 marks)

1 2 3 4 5

B. Fill in the blanks (8 marks) *Write both the account name and related amount)
Transactions Account to be debited Account to be credited
(i) Mr Lee, the owner of the company,
has a printer at home that he wanted to
give it for the office to use. The cost of
the printer is $3,500.

(ii) Mr Lee, the owner of the company,

wanted to use the rental deposit, that
he has given to the landlord one year
ago, as the monthly rent for October
2019. The monthly rent is $25,000.

(iii) Goods amounted to $8,800 were

returned to the supplier, Lamp
Company. Upon receiving the goods,
Lamp Company immediately gave us
the amount owed in cash.

(iv) Mr Lee, the owner of the company,

bought 3 tables ($5000 each), 3 chairs
($500 each) and 10 stools ($150 each)
from IKEA by cheque.