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
QUESTION 1 The following information relates to the business of D. Diamond. Balances in the books at 30 June 2009: Purchases Ledger Debit 2.916 Credit 222.258 Sales Ledger Debit 392.652 Credit 11.160 The following balances were extracted from the books for the month ended 31 July 2009: Cash purchases 114.618 Credit purchases 633.546 Returns outwards 10.998 Payments by cheque to creditors 578.880 Carriage charged to debtors 29.610 Transfers of debit balances in sales ledger to purchases ledger 25.650 Interest charged to debtors 2.934 Credit sales 1.195.608 Returns inwards 17.442 Bad debts written off 7.680 Discounts received 15.456 Cash sales 686.892 Debtors cheque dishonoured 23.754 Discount allowed 33.294 Payments from debtors by cheque 1.303.380 Allowance to a debtor, A. Andreou, for damaged goods 4.500 Balances in the books at 1 August 2009: Purchases Ledger Debit 5.070 Sales Ledger Credit 19.386 Provision for doubtful debts Credit 39.420 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
QUESTION 2 The following Trial Balance was extracted from the books of Victory Tennis Club on 31 July 2009: Dr Cr Subscriptions 192.500 Canteen stock at 1 August 2008 28.500 Canteen staff wages 16.000 Canteen purchases 104.000 Canteen sales 220.680 Rent and Rates 13.000 Tennis club secretary s salary 42.500 Lighting and Heating 16.240 Insurance 34.320 General expenses 49.500 Cash at bank 81.990 Cash in hand 250 Accumulated fund 74.620 Equipment (at cost) 61.500 Fixtures and fittings (at cost) 170.000 Provision for depreciation on tennis equipment 30.000 Provision for depreciation on fixtures and fittings 100.000 617.800 617.800 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 2008. (3) At 31 July 2009: General expenses included a prepayment of 2.000 Rent and rates were accrued 1.860 Subscriptions in arrears amounted to 3.000 Subscriptions prepaid totalled 2.400 Canteen s stock was valued at 32.000 at cost REQUIRED:- Prepare for Victory Tennis Club the: (a) Canteen s Account showing the profit for the year ended 31 July 2009. (15 marks) (b) Income and Expenditure Account for the year ended 31 July 2009. (15 marks) (c) Balance Sheet at 31 July 2009. (15 marks) (Total 45 marks) 3
QUESTION 3 Electro plc manufactures electrical components. The following partial list of balances was extracted at 28 February 2009: 000 Sales 3.100 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
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 2009. (Marks 20) Prepare the Provision for Unrealised Profit Account for the year ended 28 February 2009. (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