Bookkeeping to Trial Balance

Mock Assessment
Questions

Study phase 2

Mock assessment question 1 (Topic: Subsidiary journals and general

ledger: Perpetual debtors)

You are the bookkeeper of Norkem’s Footwear. The business is a registered VAT vendor and trades
only with registered VAT vendors. The business charges 14% VAT on all its sales. All amounts are
inclusive of VAT unless VAT is not applicable. As the bookkeeper you have been provided with ONLY
the source documents for the month of June 20.10 necessary for the preparation of the journals
specified below. The business uses the perpetual inventory system and trading inventory is marked up
by 40% on selling price (before any given trade discounts) unless otherwise specified; (i.e. the gross
margin before trade discounts is 40 %) ‘DINV‘, ‘DCR‘, ‘DS‘, ‘DR‘, ‘JV‘ and ‘PCV‘ are the source
document codes for duplicate invoices, duplicate credit notes, duplicate cash slips, duplicate receipts,
journal vouchers and petty cash vouchers respectively.

Source documents of Norkem’s Footwear for the month of June 20.10:

Source
Date Details document Description Amount (R)
no.
1 J. Norkem DR519 Additional capital contribution in cash. 48 000.00
Sale of trading inventory. The mark up on this trading inventory was 55%
2 P. Grace DINV441 47 600.00
on cost price.
8 T. Trotter DS334 Sale of trading inventory. 44 300.00
12 V. Musa DINV442 Sale of trading inventory: R 15 294.12 less a 15% trade discount. ?
J. Norkem contributed a delivery vehicle to the business. (All legislative
12 J. Norkem JV319 25 094.00
requirements have been met for the full VAT amount to be claimed).

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Bookkeeping to Trial Balance Mock Assessment Questions Study Phase 2

Source
Date Details document Description Amount (R)
no.
13 V. Musa DCR239 Trading inventory returned. 650.00
15 Lancaster Ltd DS335 Received a dividend from Lancaster Ltd. 5 200.00
18 Layman’s Superette PCV143 Petty cash payment for floor polish. 172.90
19 C.T. Mpulo DINV443 Sale of trading inventory. 39 300.00
21 K. Trump DS336 Sale of trading inventory: R 11 260.22 less a 7% trade discount. ?
Drawings of trading inventory with a selling price including VAT of
21 J. Norkem JV320 ?
R 1 000.00.
22 Layman’s Superette PCV144 Petty cash payment for coffee. 157.90
Received rent income from SA Rentals with respect to a commercial
24 SA Rentals DS337 4 916.00
tenant.
25 B. Bellingham DINV444 Sale of trading inventory. 37 500.00
25 Hometown Stationers PCV145 Petty cash payment for pens and pencils. 90.00
26 B. Bellingham DCR240 Trading inventory returned. 2 437.50
Received a cheque from V. Musa (No discount) – payment on account.
26 V. Musa DR520 4 113.74
(Balance owing at the beginning of the month: R 1 835.00).
Sale of trading inventory. The inventory was marked up by 60% on cost
27 G. Bertram DS338 49 300.00
price.
27 J. Norkem PCV146 Drawings from petty cash by the owner. 470.00
28 C.T. Mpulo DCR241 Trading inventory returned. 1 572.00
Received from C.T. Mpulo less 8 % settlement discount. (Balance owing
30 C.T. Mpulo DR521 ?
at the beginning of the month: R 8 646.00).
Credit loss – Amount owing by P. Grace written off as irrecoverable
30 P. Grace JV321 ?
(Balance owing at the beginning of the month: R 7 140.00).
Interest charged by Norkem’s Footwear on the overdue account of B.
30 B. Bellingham JV322 440.00
Bellingham.
8% settlement discount allowed to C.T. Mpulo for settlement of the
30 C.T. Mpulo JV323 ?
account. (Refer to duplicate receipt no. DR521).
It was realised that technology equipment purchased for R 15 835.20
30 N/A JV324 during May 20.10 was erroneously debited to the office consumables ?
account. Correct the error.

Required:

Use the relevant transactions from those given above to complete (a) to (f) for the month of June 20.10.

(a) Debtors journal (DJ6) with analysis columns for debtors control, VAT, sales and cost of sales.
Mark clearly how the different amounts or totals will be posted to the general ledger at month-
end.
(b) Debtors allowances journal (DAJ6) with analysis columns for debtors control, VAT and sales
returns and cost of sales. Mark clearly how the different amounts or totals will be posted to the
general ledger at month-end.
(c) Cashbook receipts (CBR6) with analysis columns for analysis of receipts, bank, debtors control,
VAT, sales, sundries and cost of sales. Mark clearly how the different amounts or totals will be

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Bookkeeping to Trial Balance Mock Assessment Questions Study Phase 2

posted to the general ledger at month-end. Settlement discounts are recorded in the general
journal. Cash is banked on a daily basis.
(d) Petty cash journal (PCJ6) with analysis columns for petty cash, postage and stationery, staff
refreshments, VAT and sundries. Mark clearly how the different amounts or totals will be posted
to the general ledger at the month-end.
(e) General journal (GJ6).
(f) Open, post to and balance the following accounts in the general ledger:

 Sales account (N1): Opening balance on 1 June 20.10 – R 330 000.00

 Sales returns account (N2): Opening balance on 1 June 20.10 – R 39 600.00

Note:

 Mark clearly on the debtors journal, debtors allowances journal, cashbook receipts and the petty
cash journal how the different amounts or totals will be posted to the general ledger at the month-
end. Clearly specify whether the VAT column is VAT input or VAT output.
 All amounts are INCLUSIVE of VAT, unless VAT is not applicable.

Mock assessment question 2 (Topic: Subsidiary journals and general

ledger: Perpetual creditors)

You are the bookkeeper of Stuttaford Wine Suppliers. The business is a registered VAT vendor and
trades only with registered VAT vendors. The business charges 14% VAT on all its sales. All amounts
are inclusive of VAT unless VAT is not applicable. As the bookkeeper you have been provided with
ONLY the source documents for the month of November 20.10 necessary for the preparation of the
journals specified below. The business uses the perpetual inventory system and trading inventory is
marked up by 50% on cost price (before any given trade discounts) unless otherwise specified. ‘INV’,
‘CRN’, ‘CC’ and ‘JV’ are the source document codes for re-numbered original invoices, re-numbered
original credit notes, cheque counterfoils and journal vouchers respectively.

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Bookkeeping to Trial Balance Mock Assessment Questions Study Phase 2

Source documents of Stuttaford Wine Suppliers for the month of November 20.10:
Source
Date Details document Description Amount (R)
no.
1 Ceres Farm INV309 Trading inventory purchased. 17 994.50
4 Sam's Supply Store CC564 Payment for business office consumables (Print cartridges). 730.37
5 Ceres Farm CRN212 Trading inventory returned to the supplier. 1 619.51
8 Cash CC565 Drew a cash cheque for petty cash. 2 117.00
Payment on account to Ceres Farm. No settlement discount was received
9 Ceres Farm CC566 because the account was not paid in full. (Balance owing at the beginning of the 15 259.33
month: R 2 699.00).
11 Wellington Farms CC567 Trading inventory purchased. 25 848.57
11 Paarl Farm INV310 Trading inventory purchased. 19 476.40
K. House contributed a delivery vehicle to the business. (All legislative
12 K. House (the owner) JV319 78 011.45
requirements have been met for the full VAT amount to be claimed).
13 Robertson Farms CC568 Trading inventory purchased: R 27 324.07 less a 14% trade discount. ?
13 Franschoek Farm INV311 Purchase of office consumables. 719.78
14 Boland Stationers CC569 Cash purchase of fax paper (postage and stationery). 317.55
16 Paarl Farm CRN213 Trading inventory returned to the supplier. 1 947.64
16 Farmland suppliers INV312 Purchased a staff microwave oven. 5 434.34
16 Farmland suppliers INV313 Purchased a juice press. 45 416.00
Purchased a company vehicle (conforms to the definition of a passenger vehicle)
18 Mat Toyota CC570 53 697.71
for the sales representative.
Settlement of account with Paarl Farm, less 10% settlement discount. (Balance
20 Paarl Farm CC571 ?
owing at the beginning of the month: R 3 506.00).
10% settlement discount received from Paarl Farm for settlement of the account.
20 Paarl Farm JV320 ?
(Refer to cheque no. CC571).
21 Cash CC572 Drawings by the owner. 2 540.40
21 K. House JV321 Drawings of trading inventory with a selling price including VAT of R 1 058.50. ?
A rebate was granted on the staff microwave oven purchased on 16 November
21 Farmland suppliers CRN214 139.12
20.10.
21 Stellenbosch Farm INV314 Trading inventory: R 3 337.39 less a 15% trade discount. ?
24 Boland Municipality INV315 Electricity charged on account. 456.43
25 Swartland Furniture CC573 Cash purchase of an office desk (furniture and fittings). 5 430.11
26 Kiele Industries CC574 Trading inventory purchased. 28 897.05
27 Franschoek Farm CRN215 Defective office consumables returned to the supplier. 158.35
28 Stellenbosch Farm CRN216 Received for trading inventory returned to the supplier. 326.23
28 Boland Municipality INV316 Property rates charged on account (no services). 867.97
30 The Caterer CC575 Payment for staff refreshments. 3 323.69
30 Cash CC576 Drew a cash cheque to pay the monthly salaries 5 419.52
Interest charged by Stellenbosch Farm on the overdue account of Stuttaford Wine
30 Stellenbosch Farm JV322 211.70
Suppliers.
It was realised that equipment purchased for R 6 521.21 during October 20.10 was
30 N/A JV323 ?
erroneously debited to the office consumables account. Correct the error.

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Bookkeeping to Trial Balance Mock Assessment Questions Study Phase 2

You are required to:

Use the relevant transactions from those given above to complete (a) to (e) for the month of November
20.10.

(a) Creditors journal (CJ11) with analysis columns for creditors control, VAT, trading inventory and
sundries. Mark clearly how the different amounts or totals will be posted to the general ledger at
month-end.
(b) Creditors allowances journal (CAJ11) with analysis columns for creditors, VAT, trading inventory
and sundries. Mark clearly how the different amounts or totals will be posted to the general ledger
at the month-end
(c) Cashbook payments (CBP11) with analysis columns for bank, creditors control, VAT, trading
inventory and sundries. Mark clearly how the different amounts or totals will be posted to the
general ledger month-end. Settlement discounts are recorded in the general journal.
(d) General journal (GJ11).
(e) Open, post to and balance the following account/s in the general ledger:

 Trading inventory account (B6): Opening balance on 1 November 20.10 – R 93 931.29

Note:

 Mark clearly on the creditors journal, creditors allowances journal and cashbook payments how the
different amounts or totals will be posted to the general ledger at the end of the month. Clearly
specify whether the VAT column is VAT input or output.
 Original invoices and original credit notes have been renumbered.
 All amounts are INCLUSIVE of VAT, unless VAT is not applicable.

Mock assessment question 3 (Topic: Subsidiary journals and general

ledger: Periodic debtors)

You are the bookkeeper of Dexter Traders. The business is a registered VAT vendor and trades only
with registered VAT vendors. The business charges 14% VAT on all its sales. All amounts are inclusive
of VAT unless VAT is not applicable. As the bookkeeper you have been provided with ONLY the source
documents for the month of September 20.12 necessary for the preparation of the journals specified
below. The business uses the periodic inventory system. ‘CINV’, ‘DCR’, ‘DS’, ‘DR’, ’JV’ and ‘PCV’ are
the source document codes below for duplicate invoices, duplicate credit notes, duplicate cash slips,
duplicate receipts, journal vouchers and petty cash vouchers respectively. ‘B/S’ refers to a direct debit
or credit on the bank statement.

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Bookkeeping to Trial Balance Mock Assessment Questions Study Phase 2

Source documents of Dexter Traders for the month of September 20.12:

Source Amount
Date Details Description
document no. (R)
1 R. Slabbart (the owner) DR298 Additional capital contribution in cash. 49 368.00
Sale of trading inventory. The mark up on this trading inventory was 55% on cost
2 P. Piet CINV220 48 956.60
price.
8 B. Hennie DS113 Sale of trading inventory. 45 562.55
12 O. Olivier CINV221 Sale of trading inventory: R 16 713.13 less a 20% trade discount. ?
R. Slabbart contributed a delivery vehicle to the business. (All legislative
12 R. Slabbart JV98 75 800.45
requirements have been met for the full VAT amount to be claimed).
13 O. Olivier DCR18 Trading inventory returned. 668.53
Received Interest on the fixed deposit from FNB Ltd (interest credited to the
15 FNB Ltd B/S 545.11
current account).
18 Sam's Supply Store PCV74 Petty cash payment for packing boxes. 177.83
19 C. Carelse CINV222 Sale of trading inventory. 40 420.05
21 M. Paulse DS114 Sale of trading inventory: R 12 671.12 less a 15% trade discount. ?
Drawings of trading inventory with a selling price including VAT of R 1 028.50.
21 R. Slabbart JV99 The inventory was marked up by 50% on the selling price (i.e. the gross margin ?
was 50%)
22 Berge Cafe PCV75 Petty cash payment for coffee. 162.40
Received the rent income from SA Property Group Ltd. The tenant uses the
24 SA Property Group Ltd DS115 5 056.11
premises for business purposes.
25 G. Govender CINV223 Sale of trading inventory. 38 568.75
25 Boland Stationers PCV76 Petty cash payment for pens and pencils for office use. 92.57
26 G. Govender DCR19 Trading inventory returned. 2 506.97
Received a cheque from O. Olivier (No discount) – Payment on account.
26 O. Olivier DR299 4 265.19
(Balance owing at the beginning of the month: R 2 006.00).
27 J. Jock DS116 Sale of trading inventory. The inventory was marked up by 50% on cost price. 50 705.05
27 R. Slabbart PCV77 Drawings from petty cash by the owner. 483.40
28 C. Carelse DCR20 Trading inventory returned. 1 616.80
Received from C. Carelse less 10% settlement discount. (Balance owing at the
30 C. Carelse DR300 ?
beginning of the month: R 8 892.00).
Credit loss – Amount owing by P. Piet written off as irrecoverable (Balance
30 P. Piet JV100 ?
owing at the beginning of the month: R 7 343.49).
30 G. Govender JV101 Interest charged by Dexter Traders on the overdue account of G. Govender. 452.54
10% settlement discount allowed to C. Carelse for settlement of the account.
30 C. Carelse JV102 ?
(Refer to duplicate receipt no. DR300).
It was realised that equipment purchased for R 6 336.38 during August 20.12
30 N/A JV103 ?
was erroneously debited to the office consumables account. Correct the error.

Required:

Use the relevant transactions from those given above to complete (a) to (f) for the month of September
20.12.

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Bookkeeping to Trial Balance Mock Assessment Questions Study Phase 2

(a) Debtors journal (DJ9) with analysis columns for debtors control, VAT and sales. Mark clearly how
the different amounts or totals will be posted to the general ledger at month-end.
(b) Debtors allowances journal (DAJ9) with analysis columns for debtors control, VAT and sales
returns. Mark clearly how the different amounts or totals will be posted to the general ledger at
month-end.
(c) Cashbook receipts (CBR9) with analysis columns for bank, debtors control, VAT, sales and
sundries. Mark clearly how the different amounts or totals will be posted to the general ledger at
month-end. Settlement discounts are recorded in the general journal. Cash is banked on a daily
basis.
(d) Petty cash journal (PCJ9) with analysis columns for petty cash, postage and stationery, staff
refreshments VAT and sundries. Mark clearly how the different amounts or totals will be posted to
the general ledger at month-end.
(e) General journal (GJ9).
(f) Open, post to and balance the following accounts in the general ledger:

 Sales account (N1): Opening balance on 1 September 20.12 – R 339 405.00

 Sales returns account (N2): Opening balance on 1 September 20.12 – R 40 728.60

Note:

 Mark clearly on the debtors journal, debtors allowances journal, cashbook receipts and the petty
cash journal how the different amounts or totals will be posted to the general ledger at the month-
end. Clearly specify whether the VAT column is VAT input or VAT output.
 All amounts are INCLUSIVE of VAT, unless VAT is not applicable.

Mock assessment question 4 (Topic: Subsidiary journals and general

ledger: Periodic creditors)

You are the bookkeeper of Inter-City Traders. The business is a registered VAT vendor and trades only
with registered VAT vendors unless otherwise specified. The business charges 14% VAT on all its
sales. All amounts are inclusive of VAT unless VAT is not applicable. As the bookkeeper you have been
provided with the source documents for the month of May 20.11 necessary for the preparation of the
journals specified below. The business uses the periodic inventory system and trading inventory is
marked up by 50% on cost price, if applicable, (before any given trade discounts) unless otherwise
specified. ‘INV’, ‘CRN’, ‘CC’ and ‘JV’ are the source document codes for re-numbered original invoices,
re-numbered original credit notes, cheque counterfoils and journal vouchers respectively.

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Bookkeeping to Trial Balance Mock Assessment Questions Study Phase 2

Source documents of Inter-City Traders for the month of May 20.11:

Date Details Source document no. Description Amount (R)

1 Revtown Traders INV279 Trading inventory purchased. 74 715.00

4 Plumb Right CC534 Payment for business plumbing services (repairs and maintenance). 1 538.25
5 Revtown Traders CRN182 Trading inventory returned to the supplier. 6 724.35
8 Cash CC535 Drew a cash cheque for petty cash. 8 790.00
Payment on account to Revtown Traders. No settlement discount was
9 Revtown Traders CC536 received because the account was not paid in full. (Balance owing at the 63 358.32
beginning of the month: R 11 207.00).
11 Upton (Pty) Ltd CC537 Trading inventory purchased. 107 325.90
11 Kirsten Suppliers INV280 Trading inventory purchased. 80 868.00
H. Jobe contributed a vehicle to the business. (All legislative requirements
12 H. Jobe JV289 110 288.13
have been met for the full VAT amount to be claimed).
13 Wagtown CC CC538 Trading inventory purchased: R 103 796.81 less a 6% trade discount. ?
13 Cartridge Land INV281 Purchase of printer consumables. 2 988.60
14 RGH Stationers CC539 Cash purchase of pens and highlighters (postage and stationery). 1 318.50
16 Kirsten Suppliers CRN183 Trading inventory returned to the supplier. 8 086.80
16 Jelly Suppliers INV282 Purchased a staff coffee table (Furniture and fittings) 5 791.73
16 Jelly Suppliers INV283 Purchased a board room table (Furniture and fittings) 25 965.66
18 Party Land CC540 Purchased a staff pool table (equipment). 10 855.65
Settlement of account with Kirsten Suppliers, less 5% settlement discount.
20 Kirsten Suppliers CC541 ?
(Balance owing at the beginning of the month: R 14 556.00).
5 % settlement discount received from Kirsten Suppliers for settlement of
20 Kirsten Suppliers JV290 ?
the account. (Refer to cheque no. CC541).
21 Cash CC542 Drawings by the owner. 10 548.00
Drawings of trading inventory with a selling price including VAT of
21 H. Jobe (the owner) JV291 ?
R 4 395.00.
A rebate was granted on the staff coffee table purchased on 16 May
21 Jelly Suppliers CRN184 148.27
20.11.
21 Holsten Traders INV284 Trading inventory: R 12 665.16 less a 7% trade discount. ?
24 Game INV285 Cleaning materials charged on account. 1 895.12
25 Computer World CC543 Cash purchase of a desktop computer (Computer equipment). 22 546.35
26 Bennie Suppliers CC544 Trading inventory purchased. 119 983.50
27 Cartridge Land CRN185 Defective printer consumables returned to the supplier. 657.49
28 Holsten Traders CRN186 Received for trading inventory returned to the supplier. 1 354.54
L. Jack (non VAT
28 INV286 Delivery expenses charged on account. 3 603.90
vendor)
31 The Café CC545 Payment for business office refreshments. 1 378.27
31 Cash CC546 Drew a cash cheque to pay the monthly salaries 22 502.40
Interest charged by Holsten Traders on the overdue account of Inter-City
31 Holsten Traders JV292 879.00
Traders.
It was realised that furniture and fittings purchased for R 6 950.08 during
31 N/A JV293 April 20.11 was erroneously debited to the printer consumables account. ?
Correct the error.

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Bookkeeping to Trial Balance Mock Assessment Questions Study Phase 2

You are required to:

Use the relevant transactions from those given above to complete (a) to (e) for Inter-City Traders for the
month of May 20.11.

(a) Creditors journal (CJ5) with analysis columns for creditors control, VAT, purchases and sundries.
Mark clearly how the different amounts or totals will be posted to the general ledger at month-
end.
(b) Creditors allowances journal (CAJ5) with analysis columns for creditors control, VAT, purchases
returns and sundries. Mark clearly how the different amounts or totals will be posted to the
general ledger at month-end.
(c) Cashbook payments (CBP5) with analysis columns for bank, creditors control, VAT, purchases
and sundries. Mark clearly how the different amounts or totals will be posted to the general ledger
at month-end. Settlement discounts are recorded in the general journal.
(d) General journal (GJ5).
(e) Open, post to and balance the following account/s in the general ledger:

 Purchases account (N3): Opening balance on 1 May 20.11 – R 448 290.00

 Purchases returns account (N4): Opening balance on 1 May 20.11 – R 58 277.70

Note:

 Mark clearly on the creditors journal, creditors allowances journal and cashbook payments how
the different amounts or totals will be posted to the general ledger at the end of the month.
Clearly specify whether the VAT column is VAT input or output.
 Original invoices and original credit notes have been renumbered.
 All amounts are INCLUSIVE of VAT, unless VAT is not applicable.

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