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Accounting Documents

The document outlines the financial reporting requirements for the Cameroon GCE Intermediate Level 2024, specifically focusing on OHADA financial reporting. It includes detailed entries for purchases, sales, and expenses, along with instructions for preparing a Profit and Loss Account and a bank reconciliation statement. Additionally, it provides information on the depreciation of transport equipment and the statement of marketable securities.

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Lee Charmant
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42 views1 page

Accounting Documents

The document outlines the financial reporting requirements for the Cameroon GCE Intermediate Level 2024, specifically focusing on OHADA financial reporting. It includes detailed entries for purchases, sales, and expenses, along with instructions for preparing a Profit and Loss Account and a bank reconciliation statement. Additionally, it provides information on the depreciation of transport equipment and the statement of marketable securities.

Uploaded by

Lee Charmant
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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cameroon gce

intermediate level 2024


ohada financial reporting
2
Posted on August 15, 2024August 15, 2024 by T- frank

cameroon gce intermediate level


2024 ohada financial reporting 2
cameroon gce intermediate level 2024 ohada
financial reporting 2

Purchases of
goods

602 Purchases of Raw Materials 4,200,000


6031 Variation of stock of goods
5,400,000
6032 Variation of stock of Raw Materials
3,000,000
605 Other Purchases
2,380,000
6221 Hiring of land
2,000,000
857,000
100,000
6224 Losses on containers
6371 Temporary Personnel
638 Other External services
1,000,000
651 658 Sundry Losses on Expenses Customers
and other debts 1,580,000
11,370,000
673 66 Cash Personnel discount Expenses granted
910,000
674 Other Interest 2,000,000
681 Operating Depreciation 4,674,000
701 Sales of goods 25,081,000
J , 20,000,000
90
,000
702 Sales of finished products
707 Accessory revenue
40
,000
13,320,000
773 . Discount received
774 Income from investments
Transfer of operating expenses
Accounting value of disposal of fixed assets
Income from disposal of fixed assets
240
781 ,000
812 5,000,000
822 14,000,000
NB: Income Tax 3,300,000CFAF
‘
REQUIRED
Present the Profit and Loss Account of ALICO
Enterprise on 31/12/2020 using APPENDIX 1
Total (20 marks)
2. Transport equipment consists of:
A private car acquired for 3,082,000F before tax on
1st January 2019 and depreciated according to the
constant method at the rate of 20%.
A Camion Renault acquired on the 1st January 2021
to replace Camion Volvo which was sold on the
same day at the net book value. The di!erence
between the two values was settled by bank
cheque.
Camion Volvo was acquired on the 1st January
2018 and both Camions were depreciated
according to
the sum of years’ digit method.

Duration
Original value 4 years REQUIRED
5 years
Camion Renault
8,O0O,000F before
tax
6,000,000F before
Camion Volvo
tax
i. Present the
depreciation table
of Camion Volvo up
to the date of
disposal.
ii. Record the
acquisition of
Camion Renault
and adjustment
entries of disposal
of Camion Volvo.
(3 marks)
iii. Calculate and
record the annual
(13 marks)
depreciation
on 30/12/2021. (4
expenses on
marks)
transport
equipment

Total (20 marks)

Description

Amount
CFAF Amount
Date Description CFAF
< > * il t l > r 421,500
356,400 3/12 Cheque no 315 to DZE

1/12 Balance as at 30/11 3/12 Cheque no 316 to


TEH 79,200
7/12 Remittance cheque on sales
Remittance cheque by
customers
621,000 15/12 Domiciliation 371,000
7/12 41,500 18/12 Cheque no 317 to CHE 81,900
23/12 Cheque no 318 to NFEH 42,000
15/12 Bill for discounted 463,000 28/12 Cheque no
319 to NGQNG 31,200
16/12 Cheque from MANG 47,000 30/12 Cheque no
320 to GEH 14,300
Debit balance 419,300
TOTAL 1,460,400 TOTAL 1,413,400
Statement of account sent by the bank

CREDIT
CFAF
a) Prepare the bank reconciliation statement
(APPENDIX 2).
b) Record the necessary adjustments in the
Classical journal.
(14 marks)
(6 marks) .
Total (20 marks)

The statement of
securities at KBK
Trading before
4.
stock taking as at
31/12/2021 is given
as follows:
U.P (2020) U.P
Nature of shares
(2021)
Qty Unit
50,000CFAF
Purchase Price
55,000CFAF
MTN
ORANGE 50 52,000CFAF
CAMTEL 30 18.000CFAF
Other . 40 14,000CFAF
Information:

20,00QCFAF 15.000CFAF
12,OOOCFAF 11,000CFAF
r f > 10 MTN shares were sold by bank cheque in
2021 at 55 000F each on 15/08/2021
REQUIRED
a) Present the statement of marketable securities
(APPENDIX 3)
b) Record in the classical journal the entries of the
provision including that of the Disposal
(15 marks)
(5 marks)
Total (20 marks)

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