ΥΠΟΥΡΓΕΙΟ ΠΑΙ ΕΙΑΣ ΚΑΙ ΠΟΛΙΤΙΣΜΟΥ ΙΕΥΘΥΝΣΗ ΑΝΩΤΕΡΗΣ ΚΑΙ ΑΝΩΤΑΤΗΣ ΕΚΠΑΙ ΕΥΣΗΣ ΥΠΗΡΕΣΙΑ ΕΞΕΤΑΣΕΩΝ

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1 ΥΠΟΥΡΓΕΙΟ ΠΑΙ ΕΙΑΣ ΚΑΙ ΠΟΛΙΤΙΣΜΟΥ ΙΕΥΘΥΝΣΗ ΑΝΩΤΕΡΗΣ ΚΑΙ ΑΝΩΤΑΤΗΣ ΕΚΠΑΙ ΕΥΣΗΣ ΥΠΗΡΕΣΙΑ ΕΞΕΤΑΣΕΩΝ ΓΡΑΠΤΗ ΕΞΕΤΑΣΗ ΓΙΑ ΠΛΗΡΩΣΗ ΜΙΑΣ ΚΕΝΗΣ ΘΕΣΗΣ ΓΡΑΜΜΑΤΕΩΣ ΣΤΟ ΚΟΙΝΟΤΙΚΟ ΣΥΜΒΟΥΛΙΟ ΑΚΡΩΤΗΡΙΟΥ Μάθηµα: Λογιστική (Intermediate) Ηµεροµηνία: 30 Οκτωβρίου 2010 ιάρκεια: 1 ώρα και 30 λεπτά. ΤΟ ΟΚΙΜΙΟ ΑΠΟΤΕΛΕΙΤΑΙ ΑΠΟ ΠΕΝΤΕ (5) ΣΕΛΙ ΕΣ ΟΛΕΣ ΟΙ ΑΠΑΝΤΗΣΕΙΣ ΝΑ ΟΘΟΥΝ ΣΤΟ ΤΕΤΡΑ ΙΟ ΑΠΑΝΤΗΣΕΩΝ INSTRUCTIONS TO CANDIDATES: a) Answer all four questions. b) Your answers should be written in blue biro. Do not use pencil red or green biro. c) Calculations may be used provided that are not programmable and give no print out. d) Marks may be lost by lack of neatness. e) Workings are essential and should be shown on the script. 1

2 QUESTION 1 The following information relates to the business of D. Diamond. Balances in the books at 30 June 2009: Purchases Ledger Debit Credit Sales Ledger Debit Credit The following balances were extracted from the books for the month ended 31 July 2009: Cash purchases Credit purchases Returns outwards Payments by cheque to creditors Carriage charged to debtors Transfers of debit balances in sales ledger to purchases ledger Interest charged to debtors Credit sales Returns inwards Bad debts written off Discounts received Cash sales Debtors cheque dishonoured Discount allowed Payments from debtors by cheque Allowance to a debtor, A. Andreou, for damaged goods Balances in the books at 1 August 2009: Purchases Ledger Debit Sales Ledger Credit Provision for doubtful debts Credit REQUIRED: Prepare for the month ended 31 July 2009: (a) Purchases Ledger Control Account. (b) Sales Ledger Control Account. (15 marks) (15 marks) (Total 30 marks) 2

3 QUESTION 2 The following Trial Balance was extracted from the books of Victory Tennis Club on 31 July 2009: Dr Cr Subscriptions Canteen stock at 1 August Canteen staff wages Canteen purchases Canteen sales Rent and Rates Tennis club secretary s salary Lighting and Heating Insurance General expenses Cash at bank Cash in hand 250 Accumulated fund Equipment (at cost) Fixtures and fittings (at cost) Provision for depreciation on tennis equipment Provision for depreciation on fixtures and fittings The following additional information is available: (1) Depreciation is to be provided for the year ended 31 July 2009 as follows: Equipment 10% reducing balance Fixtures and fittings 25% straight line. (2) No subscriptions were prepaid or accrued at 1 August (3) At 31 July 2009: General expenses included a prepayment of Rent and rates were accrued Subscriptions in arrears amounted to Subscriptions prepaid totalled Canteen s stock was valued at at cost REQUIRED:- Prepare for Victory Tennis Club the: (a) Canteen s Account showing the profit for the year ended 31 July (15 marks) (b) Income and Expenditure Account for the year ended 31 July (15 marks) (c) Balance Sheet at 31 July (15 marks) (Total 45 marks) 3

4 QUESTION 3 Electro plc manufactures electrical components. The following partial list of balances was extracted at 28 February 2009: 000 Sales Raw materials: Purchases 450 Returns outwards 16 Carriage inwards 12 Direct labour 400 Direct overheads 60 Factory rent 36 Office rent 8 Electricity 50 Insurance 106 Salaries: Factory supervision 60 Office 180 Directors 220 General office costs 144 Canteens services 110 Cleaning: Factory 50 Office 12 Stocks at 1 March 2008: Raw materials 100 Work-in-progress 60 Finished goods (valued at transfer price) 180 Factory machinery: Cost 480 Accumulated depreciation 120 Office equipment rental 68 Additional information: (1) Factory rent prepaid 8 (2) Electricity accrued 20 (3) Insurance prepaid 6 (4) Stocks Raw materials 120 Work-in-progress 78 Finished goods (at transfer price) 174 4

5 Depreciation on factory machinery is to be provided at 25% per annum using the reducing balance method. Electricity, insurance and canteen services are apportioned as follows: 80% factory and 20% office. Finished goods are transferred to the Trading Account at total factory cost plus 50%. REQUIRED: (a) (b) Using relevant information from the above list of balances, prepare a Manufacturing Account for the year ended 28 February (Marks 20) Prepare the Provision for Unrealised Profit Account for the year ended 28 February (Marks 5) (Total 25 marks) (Grand Total 100 marks) ****************************************** Copyright 2010 Υπουργείο Παιδείας και Πολιτισµού. Απαγορεύεται η αναδηµοσίευση µε οποιοδήποτε µέσο όλου ή µέρους του περιεχοµένου χωρίς τη συγκατάθεση του εκδότη. 5