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AS Level Accounting Revision

The document provides a series of transactions for Adeel's business for the month of April, including purchases and sales of goods with various discounts. It also lists required tasks to record the transactions in books of prime entry and post them to ledger accounts. A second question provides account balances from Zabine's books and asks to prepare a trial balance from this information.

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Ruchira Sanket Kale
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490 views2 pages

AS Level Accounting Revision

The document provides a series of transactions for Adeel's business for the month of April, including purchases and sales of goods with various discounts. It also lists required tasks to record the transactions in books of prime entry and post them to ledger accounts. A second question provides account balances from Zabine's books and asks to prepare a trial balance from this information.

Uploaded by

Ruchira Sanket Kale
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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CAIE 2022-23

Senior School

Revision Worksheet –3
Subject: Accounting 9706 Topic: Class Test
Date: 03/09/2022 Maximum Marks: 50
Grade: AS Level Duration: 1 Hour
Name: Roll no. :
Q.1 Adeel’s transactions for the month of April were as follows:
April 1 Bought goods from Bilal for $3000 less 20% trade discount. Bilal allowed Adeel
5% cash discount.
2 Sold goods to Imran fro $800 less 10% trade discount. He allowed Imran 5% cash
Discount
3 Bought goods from Asad for $1300 less 20% trade discount. Asad allowed Adeel
5% cash discount.
5 Purchased a delivery van on credit from Syed for $6000. The invoice for the van
was no.324.
8 Returned gods which had cost $100 to Bilal.
10 Sold goods to Raza for $1100 less 20% trade discount. He allowed Raza 5% cash
Discount.
13 Imran returned goods which had cost him $60
15 Purchased goods from Asma for $4000 less 25% trade discount. Asma allowed
Adeel 5% cash discount
16 Sold goods to Amna for $1500 less 20% trade discount. He allowed Amna
5% cash discount
17 Sold goods to Raza for $1600 less 20% trade discount. He allowed Raza 5% cash
Discount
21 Returned goods which had cost him $600 to Asma.
24 Amna returned goods which had cost her $300
26 Purchased goods from Bilal for $4000 less 20% trade discount. Bilal allowed Adeel
5% cash discount
30 Adeel settled all accounts he owed by cheque and received cheques for al amounts
Owing by his customers. All discounts were taken.

Required
a) Enter all the transactions for April into the books of prime entry

Page 1 of 2
CAIE 2022-23

b) Post the books of prime entry to the ledger accounts.


Q.2
Zabine has balanced each of the accounts in her ledger together with the cash book at 31st

March 2016. She has then prepared trial balance by listing each account and the balance on it

at that date as follows.

Premises $70000

Machinery $10000

Office furniture $5000

Sales $100000

Sales returns $700

Purchases $6900

Purchase returns $1000

Trade receivables $1100

Trade payables $1575

Rent payable $1600

Wages and salaries $4080

Heating and lighting $960

Other operating expenses $1430

Cash $500

Bank $12600

Loan from Ludmilla $2000

Capital-Zabine $13000

Drawings $2705

Prepare a Trial Balance.

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