KIMBERLEY

THE-INTERNATIONAL SCHOOL

WEEKLY-III EXAMINATION, DEC, 2018

Student Name: Subject: Accounts

Class:- 9 grade MM: 25 TT: 40 Minutes

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General Instructions for Paper:

 All Questions are Compulsory.

 Write using blue or black point pen.
 Use the space provided.

1
 KIMBERLEY
THE-INTERNATIONAL SCHOOL
Q1:- Enter the above transactions in Ajay’s ledger

1. Ajay began business with a capital of $80,000 in the business bank account 10Marks
2. Paid rent of premises $400 by cheque
3. Fixture and equipment costing $30,000 were bought and paid for by cheque
4. Paid insurance,$250 by cheque
5. A short term loan of $50 by cheque
6. A long-term loan of $5000 was received from AJAYs sister mallika
7. Part of the premises were rented out to another business and a cheque for $95 was receved

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2
 KIMBERLEY
THE-INTERNATIONAL SCHOOL
Q2. Mel rose is a sole trader who keeps a petty cash book on the imprest system. The book has four analysis

columns stationery, postage, travel and cleaning, the imprest amount is $100. Mel’s transaction are following:-

1 balance of cash $100

2 travel expenses $10

3 Office expenses $12

4 postages $5

5 envlopes $3

6.bus fares $6

7.Cleaning Charges $20

8.Postage Charges $4

9.Cleanner Wages $20

Write up mel’s petty cash book to record her transaction for the month march . (5 Marks)

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3
 KIMBERLEY
THE-INTERNATIONAL SCHOOL
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Q.3-Explain the difference between book keeping and Accounting? ( 2 Marks )

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Q.4 Explain Why assets of business are always equal to Capital plus the liabilities? (3 Marks )

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4
 KIMBERLEY
THE-INTERNATIONAL SCHOOL
Q.5 Explain the role of accounting in providing the information for monitoring progress and decision making ?

( 5 Marks)

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