1 霹雳怡保培南独立中学 SM POI LAM (SUWA) IPOH MID YEAR EXAMINATION 2023 BOOK-KEEPING AND ACCOUNTS PAPER 1 DATE : 19ND JUNE 2023(MONDAY) TIME : 1200 - 1230 (30 MINUTES) NAME: _________________________ REG. NO: ___________ CLASS: S2 ZHONG READ THESE INSTRUCTIONS FIRST This paper consists of 20 multiple choice questions. Answer all the questions. Do not use staples, paper clips, highlights, glue or correction fluid. Write in Blue or Black pen only. You may use non-programmable calculator. The total mark for this paper is 40. DO NOT TURN OVER THIS PAGE UNTIL YOU ARE TOLD TO DO SO This paper consists of 6 printed pages Prepared by: Checked by: ….…………………. ….……………………….. ( MR.LEE KIN FAI ) (MR.MOGANRAJ )
2 Part A: There are 20 multiple choice questions. Choose the right answer. Answer all the questions. (40%) 1. Which task would be carried out by a book-keeper but not an accountant? A Comparing one year’s results with those of previous years B Interpreting the accounting records C Prepare profit and loss statements D Recording transactions in the ledgers and cash book 2. Faliz purchased a motor vehicle from Charlie for RM7,000 which he paid for by cheque. How would Faliz record this transactions? Account to be Debited Account to be Credited A Motor Vehicle Bank B Motor Vehicle Cheque C Purchase Faliz D Purchase Motor Vehicle 3. Dewi is a manufacturer. She purchased a machine on credit from Sachin. How did Dewi record this? Account to be Debited Account to be Credited A Machinery Sachin B Purchases Sachin C Sachin Machinery D Sachin Purchases 4. Mei owns a household appliance store. She took home a washing machine for her personal use. Mei recorded this transaction as follows. Account to be Debited Account to be Credited Drawings Sales
3 Did Mei make the correct entries to record this transaction? Debit Entry Credit Entry A No No B No Yes C Yes No D Yes Yes 5. When Mark started a car repair business, he purchased premises and equipment. Two years later he spent RM5,000 on building an extension, RM6,00 on new equipment and RM750 on repainting the original premises. By how much will the non-current assets increase because of these transactions? A RM5,000 B RM5,600 C RM5,750 D RM6,350 6 Which tasks would be carried out by a book-keeper? 1 analysing business results 2 maintaining a cash book 3 preparing financial statements 4 writing up ledger accounts A 1 and 2 B 1 and 3 C 2 and 4 D 3 and 4 7. A cheque paid by you, but not yet passed through the banking system is? A Standing order B Dishonoured cheque C Credit transfer D Unpresented cheque
4 8. A Bank Reconciliation Statement is a statement A Sent by the bank when the account is overdrawn B Drawn up by us to verify our cash book balance with the bank statement balance C Drawn up by the bank to verify the cash book D Sent by the bank when we have made an error 9. In Bank Reconciliation Statement, the amount paid into the bank but not yet been credited is called? A Uncredited deposit B Unpresented cheque C Standing order D Adjusting Cash Book 10. Which of the following are not true? A Bank Reconciliation Statement is (I) Part of the double entry system (II) Not part of the double entry system (III) Sent by the firm to the bank (IV) Posted to the ledger accounts A I, III and IV B I and II C I, II and IV D II, III and IV 11. David and Elward are in partnership. Where are Elward’s interest on drawings and interest on capital recorded in his current account? Interest on Drawings Interest on capital A Credit side Credit side B Credit side Debit side C Debit side Credit side D Debit side Debit side
5 12. Net profit is calculated in the A Trading account B Profit and Loss account C Trial balance D Balance Sheet 13. What are assets? Amount owed to a business Amounts owed by a business Items owned by a business A no no yes B no yes yes C yes no yes D yes yes no 14. What is an advantage of forming a partnership? A Decisions have to be recognised by all partners B Each partner is responsible for actions of other partners C Profits have to be shared among the partners D Responsibilities can be shared between the partners 15. Jameel sold goods on credit. Where did he first record the invoice he issued? A General journal B General ledger C Sales journal D Sales ledger 16. Due to which of the following reasons can there be difference between the balance of cash book and pass book? (I) Time difference (II) Transactions (III) Errors
6 A I only B II only C II and III D I, II and III 17. With respect to Bank Reconciliation Statement, which of the following statement is correct? A Trial balance document is required for bank reconciliation B Cheque deposited and cleared on the same date will not affect bank and cash balance C The Reserve Bank of India prepares bank reconciliation statements D Bank overdraft as per cash book means debit balance 18.With respect to Bank Reconciliation Statement, which of the following statements is False? A A credit balance in the passbook indicates excess of deposits over withdrawals B Bank charges increase debit balance as per the bank passbook C A bank reconciliation statement is a part of the passbook D Bank passbook is also known as bank statement 19. Unpresented cheque is also commonly known as? A bounced cheque B credited cheque C uncollected cheque D outstanding cheque 20. In bank statement, cash deposited is shown as? A debit B credit C expenses D profit
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