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Test Tips Sheet F4A ACC

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16 views3 pages

Test Tips Sheet F4A ACC

Uploaded by

kimmyho593
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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F4A 2024/2025 First Term Accounting Test (1) Date: 17 October 2024

Section I: 16 Multiple Choices


All 12 questions are from Frank Wood’s Business Accounting 14th Edition
Page 86 (Question 1-14)

Section II: Short Questions


Question 1: (a - e) Multiple choice (f) Classification of assets, capital and liabilities (g) Relationship between
Trade payable, trade receivables, returns inwards and returns outwards (h) Calculation of assets, capital and
liabilities
Question 2: (a) Classification of ALICE (b) Non-current assets (c) Current assets (d) Classification of ALICE
Question 3: (a) Calculation of assets, capital and liabilities (b) Record double entries of given transactions (c)
Classification of assets, capital and liabilities

Section III: Long Questions


Question 1:
Prepare double entries for the given transacting using the ‘T’ account format

Question 2 (22 marks)


Chan Lee (Tips question)

F4A 2024/2025 First Term Accounting Test (1) Date: 17 October 2024

Section I: 16 Multiple Choices


All 12 questions are from Frank Wood’s Business Accounting 14th Edition
Page 86 (1-20), Page 221 (21-40), Page 339 (41-60), Page 473 (61-80) Page 679 (81-82)
Section II: Short Questions
Question 1: (a) Classify asset, liability, capital, expense and income (b) Book of original entry
Question 2: (a) Source document (b) Draw up a “T” account
Question 3: (a) Write up double entries (b) Accruals and prepayments T account
Question 4: Write up a Trade receivable and Trade payable ledger control account

Section III: Long Questions


Question 1:
(a) Calculation of imprest petty cash book
(b) Depreciation (calculation of carrying value)
(c) Statement of Financial Position

Question 2 (28 marks)


Seyma provided the following balances at 30 June 2019.
(a) Prepare the trial balance. (10)
Trial balance at 30 June 2019
Account Balance Debit Credit
$ $ $
Bank 2,240
Bank loan (2025) 48,000
Carriage inwards 698
Carriage outwards 2,980
Cash 100
Drawings 17,200
Equity at 1 July 2018 98,700
General expenses 16,755
Interest paid 4,000
Inventory at 1 July 2018 23,900
Property, plant and equipment
190,900
– cost
28,650
– accumulated depreciation
Purchases 53,980
Returns inwards 650
Returns outwards 721
Revenue 148,140
Trade payables ledger control 14,350
Trade receivables ledger control 25,158
Total
At 30 June 2019 closing inventory was valued at $29,500

(b) Prepare a statement of profit or loss for the year ended 30 June 2019. (10)
(c) Prepare a statement of financial position at 30 June 2019. (8)

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