exam pack from 2015 to 2017.pdf

Total receipts crj 36020 balance cd 13510 38670 38670

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Total receipts (crj) 36020 Balance c/d 13510 38670 38670 Balance b/d 13510 DEBIT CREDIT Credit balance as per bank statement 12900 Credit outstanding deposit 9870 Debit outstanding cheques No. 168 860 No. 211 3532 No. 206 3668 No. 221 1200 Bebit balance as per bank account 13510 22770 22770 BANK RECONCILIATION FOR APRIL 2015 BANK ACCOUNT
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MAY/JUNE 2015 QUESTION 4 GREEN GOLF CLUB TRADING STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2014 Sales 30000 Cost of sales -23000 Opening inventory 1000 Purchases 14500 Wages 10000 Closing inventory -2500 Gross profit 7000 STATEMENT OF INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 DECEMBER 2014 Bar gross profit 49500 Bar wages -12000 37500 Other income 111000 Fees received 16000 Membership fees 84000 Donation income 500 Entrance fees 10500 148500 Expenditure -134100 Depreciation Calc 1 5000 Telephone (6 600-1 600) 5000 Insurance (1 600*50%+400) 1200 Credit loss Calc 3 1100 Printing and stationery (2 000+100) 2100 Salaries and wages (35 000-1 200) 33800 Interest expenses calc 2 (37 500+37 500) 75000 Maintenance 10900 Surplus for the year 14400 Calculations 1. Depreciation on Implements and tools Cost (21 000)-Acuum Depr (11 000)=10 000*20% 2000 Crokery and linen (7 000-5 000) 2000 Furniture 1000 5000 2. Interest on mortgage 500 000*15%=75 000 Prepaid income (last year) 1800 Income and expenditure 84000 Bank 82200 Prepaid income (this year) 2100 Accrued income 1000 Credit losses 1100 86100 86100 3. Membership fees
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OCT/NOV 2015 QUESTION 1 ZAKZAK TRADERS GENERAL LEDGER AT 28 FEBRUARY 2015 Balance b/d 250.00 R Balance b/d 34 515.00 R Purchases returns undercast 1 500.00 R Purchases undercast 3 850.00 R Bank undercast 900.00 R Bank overcast 1 500.00 R Journal debits 1 300.00 R Journal credits 3 600.00 R Balance c/d 39 515.00 R 43 465.00 R 43 465.00 R Creditors Reconciliation Statement Opening balance (34 565-1 030) 33 535.00 R Langerman cc 3 600.00 R Purchases returns (correction of error) (825-285) 540.00 R Bila clothing (discount received) -1 570.00 R Sefako wholesalers (cash paid incorrectly recorded) (6 500-5 600) -900.00 R Mmela shopfitters (incorrectly recorrded twice) -445.00 R Andries traders (Purchases recorded on the wrong side) (1 450*2) 2 900.00 R Credit purchases(inorreclty recorded as credit sales in debtors ledger) (1 855*2) 1 855.00 R 39 515.00 R Creditors Control Account
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OCT/NOV 2015 QUESTION 2 IMPERIAL WHOLESALERS CASH RECEIPTS JOURNAL FOR JNUARY 2015 Balance b/d 24 480.00 R P Pinto 600.00 R BB Limited (stale cheque) 430.00 R 25 510.00 R CASH PAYMENTS JOURNAL FOR JANUARY 2015 Balance b/d 22 815.00 R E Eysele (cheque return) 218.00 R Bank charges 45.00 R Interest on overdraft 32.00 R AP Office limited (rental paid) 3 800.00 R 26 910.00 R GENERAL LEDGER FOR JANUARY 2015 Balance b/d 1 752.00 R Total payments (cpj) 26 910.00 R Total receipts (crj) 25 510.00 R Balance c/d 352.00 R 27 262.00 R 27 262.00 R Balance b/d 352.00 R BANK RECONCILIATION STATEMENT FOR JANUARY 2015 Dr Cr Dr balance as per bank statement 432.00 R Cr cheque erroneously debited 1 450.00 R Cr outstanding deposit 1 184.00 R Dr outstanding cheques No. 380 1 100.00 R No. 394 750.00 R Dr balance as per bank account 352.00 R 2 634.00 R 2 634.00 R Bank Account
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OCT/NOV 2015 QUESTION 3 ADAM GERERAL DEALER STATEMENT OF FINANCIAL POSITION AS AT 31 OCTOBER 2014 Assets Non-current asstes 1 148 196.00 R Prpoerty, plant and equipment 1 148 196.00 R Financial assets - R Current assets 45 975.00 R Inventories 42 000.00 R Trade and other receivables Calc 5 3 975.00 R Prepayments - R Cash and cash equivalents - R Total assets 1 194 171.00 R Equity and liabilities Equity 281 800.00 R Capital Calc 6 281 800.00 R
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