1 霹雳怡保培南独立中学 SM POI LAM (SUWA) IPOH FIRST MONTHLY TEST 2022 ACCOUNTING DATE: TIME : DURATION: 22-02- 2022 1100-1230 (1 Hour 30 Minutes) NAME： CLASS：J3YI, J3XIN READ THESE INSTRUCTIONS FIRST REG NO: 1. Please answer all questions unless instructed otherwise. 2. Use Blue and Black ball pen only. 3. Do not use staples, paper clips, highlighters, and glue or correction fluid. 4. Students are allowed to use calculator. 5. The total mark of the paper is 60 marks. This paper consists of 5 printed pages Prepared by ： …………………………………….. (MR. ANBARASAN) Checked by： …………………............. (MR.MOGANRAJ)
2 Question 1 a. Definition of Book-keeping. (3 mark) ______________________________________________________________________________ ______________________________________________________________________________ b. Complete the below accounting equation. (2 mark) ____________ = _____________ + Liabilities c. Definition of business capital. (2 mark) ______________________________________________________________________________ ______________________________________________________________________________ d. Fill in the missing figures in the following table. (3 marks) Assets Liabilities Capital $ $ $ i. 78 000 ______ 52 500 ii. ______ 22 350 49 750 iii. 99 550 40 525 ______
3 Question 2 Tick on correct box based on item given. (10 mark) Item Asset Liabilities Motor Expenses Cash Premises Trade Payable Payment Inventory Loan Office Equipment Bank Credit
4 Question 3 For each of the following transactions, insert the name of account to be debited and the name of the account to be credited. (10 mark) Transaction Account to be Debited Account to be Credited Paid rent of premises by cheque Sold goods for cash A short-term loan was receive from AB Loans Purchases return on faulty goods to Varun Equipment were bought and paid for by cash Ajay paid amount owing to Mustad Ltd by cheque Premises were rented out to another business and a cheque was received Motor Vehicle was bought and paid by cheque Bought goods on credit from Atira & Co. Ah Chong start up new business and put the money into bank
5 Question 4 On 1 Jan 2022 Adarsh started a business. The following are his transaction for the first month of trading. (30 mark) January 1 Adarsh paid capital, $90 000, into the business bank account 2 Paid rent, $400, by cheque 4 Bought goods, $2 000, on credit from Vinod 6 Adarsh paid insurance, $250, by cheque 8 Cash sales $170 11 Paid sundry expenses, $32, in cash 14 Bought goods, $900, on credit from Vinod 16 Sold goods, $200, and received a cheaque 19 Sold goods, $380, on credit to Kaveri 21 Returned faulty goods, $110, to Vinod 25 Paid shop assistant’s wages in cash, $120 27 Paid the amount owing to Vinod by cheque 29 Adarsh took goods costing $130 for his own use 30 Adarsh owes Rahman $920 31 Manish paid Adarsh $900 by cheque Enter the above transaction in the ledger of Adarsh.
