aces PRINCIPLES OF ACCOUNTS FOUR from Sexton A 0%), nd Marks ate aanle for larity of exresson and nents of presentation, TY 3 8888 05560559 7 ee’SECTION A. Answer any FOUR questions fom this section. Each gestion cris 10 ma repre for hae of al acouten scans wither cept ‘stunting pipes. ‘Mr Chan ha the following complaint (© “Toa ss hat an expense itm, “Depreciation on Mtr Van, fe teen dedced fom the yours Income, But the best of my nowledge, se hive not spent» angle dollar em moran (i) “The profit you have quot 0 ch undead, Why have you recorded the dviendrceved o the Hong Keng Hank sce ed ‘by my wife and mel nd pid ita the hans bark scent ‘Adie Cpa nd noes aor of the company? Gi) “Vkow you acountats fe tothe things we on a8 ASSETS, Bat ow can Joan 0 i a at sy er fess Required xpi ot Chan the reasoning fo th acouningteatments wih efeence toa specific wsounting pil for echo the shove css (40 maths) The trations wbish ccc dving te fist moth of tang of ncn lied love Jan 1 MrChoing deposit $10 000 nthe banat bank acount at 5 Fists costing $1500 were pid for by cage 9 $200 ws widen from the Rak and handed ever to the ‘shi forall poy cask apenite blow S80 13 Paras om crt amon to $750. 14 $30.0 pi for sions 17 Ch sles were $300, 21 Goode wre ruined by asomer and scat refed of $80 wm ade 22 Rt of $3200 wasp by hee 24 Crit sales to John, Peter and Googe wore $750, $1400 and E100 respectively naa 26 Chages of $45 and $1380 were sive fom Jon and Pte ‘exposes fil setlmet of hi account 25 S18 was spent on stumps. 30 George pid coh to ste is acount, $35 dacount at Allowed # dicot for promp payment, 31 Reimhurwmint was made fom the csh il forthe moa ety cat expedite (0) Show the reean etre ina two-colun cch ook forthe above (6) Show th dicount lowed ssount inthe gener Idpr, (C0 masts3. m3 Janary 193, Me Cheng had the following il ns Boks Nuns Amount Date of Mati 1 $500 31 March 1993 2 som 30 Api 1993 : st0000 BT My 1999 ‘hge af 6 pra Ball No.2 war mops Mr} Kook thon $20 000 (0n31 March, the acceptor of ill No.3 premature hs payne andthe bill wets seed to ons earer tan the ue dite, Te bk raed the LUnorenatly, he emaiing tao bls were hth dshonowed The scepoe of il No.2 as declared bankrupt and fist and ial vend of 90 ces In the dolar was veces Bll No.t was ged wath an extend maturity of I moth. Ince wt 12% pa, was chargl onthe reed bil. Final, this bl was honoured Require ‘Show the flowing scouts in th sks of Me Chong (2) te bills esvableasount, (0) the woot of Me. Kwok, (©) the total dtr acount, and (te dscouming charges acount (40 marks Me Ho, the account of x tang fem dew p the sles nd pcs ieiger control astute on 31 March 195. Bu he found tha he blancs show lw id mot ate withthe toa of the to lepers s Sales ager conte seca 4350 Pcs Teer cota count 23m ‘Upon nvestipatin, the lowing infornaton was discover (The prc day tk was overeat by $560. (i) Ate invoice had been undret by $20. i) Goods pres from Joa val a $920 hd en ord le (6) Mr So, who ad log ben te main supplies, had a losing balance ‘of $1390. "Recent, he made purchaser frm te compan) and an ‘Seount wih alte of $360 arate the sale edge Tk ‘ror vied hac ne aecouat shuld be kp tthe BOD. = ‘ 5 (0) Thott of the pacha edger was overated by $620. Require: (©) Draw up the sales edger conta cout and the purchases leer ‘Sel asoun tind ut hr sot aan (6) Prope stent ascertain th ttl of the purchases eer before oma)