TEST: ACCOUNTING 9706 CLASS: AS LEVEL TOPIC: DOBLE ENTRY BOOK KEEPING

Q-1: For each transaction below, complete the table to show the names of the accounts which
will be debited and credited:

(a) Bought goods on credit from Armscott Limited

(b) Sold goods on credit to Orion Limited
(c) Paid the carriage charge, by cheque, to deliver the goods to Orion Limited
(d) Bought a photocopier for use in the business on credit from Office Products Limited
(e) Returned unsatisfactory goods to Armscott Limited
(f) Orion Limited returned unsatisfactory goods
(g) Paid the amount owing to Armscott Limited by cheque
(h) Received a cheque from Orion Limited for the amount owing

Transaction Account debited Account credited

(a) ............................ ............................

(b) ............................ ............................

(c) ............................ ............................

(d) ............................ ............................

(e) ............................ ............................

(f) ............................ ............................

(g) ............................ ............................

(h) ............................ ............................

Q-2: The following are the business transactions of Weston Traders for the month of May 2015:

1 May Started in business with capital of $7,500 in the bank

3 May Bought goods, $1,000, paying by cheque
4 May Sold goods, $750, a cheque being received
6 May Bought shop fittings for $2,000, paying by cheque
7 May Bought goods, $1,250, on credit from Bristol Supplies Limited
10 May Paid rent, $750, by cheque
12 May Sold goods, $1,500, on credit to Gordano Giftware
14 May Returned goods, $150, to Bristol Supplies Limited
16 May Paid wages, $1,500, by cheque
18 May Paid the amount owing to Bristol Supplies Limited by cheque
21 May Gordano Giftware returned goods, $250
24 May Paid rent, $750, by cheque
26 May Sold goods, $550, a cheque being received
28 May Received a cheque from Gordano Giftware for the amount owing

Required: You are to record the transactions in the books of account. You are also asked to
balance off ledgers and post them in Trial Balance

BEACONHOUSE SCHOOL SYSTEM, GUJRAT.