Present the six column trial balance

Assignment Help Cost Accounting

Reference no: EM132335334

Question No1:

The following documents are extracted from the books of FUAH Enterprise for month June 2013.

- Document received:

• Invoice No P0098 (Appendix 5)

• Credit Note NoCN055 (Appendix 6)

- Document issued

• Invoice No S0011 (Appendix 7).

• Bill of exchange No 65 (Appendix 4).

• BICEC Bank Cheque No 1022 (Appendix 8).

Required:

2.1) complete the documents shown in appendices 4, 5, 7, and 8.

2.2) Record all the documents in the classical journal of FUAH Enterprise.

Question No 2

FUAH enterprise carried out the following transactions during the month of June 2013 - 02/05/13. Sales invoice No 13/2005 for order No090 of 25/04/13 for goods to EDGE ltd carries net trade;380 000CFAF; carriage invoice 50 000 CFAF; consignment of container; 38 500 CFAF ( incl VAT) terms ; net 30 days for 4%, 7 days .

Contact address of fuah enterprise; P.O.BOX 123 Santa, street 541 telephone 99 88 77 66 / 33 44 55 66 taxpayers number P1289987658B, banker; SGBC Bank Bamenda, account No 01269345. Contact address of EDGE ltd P.O.BOX Bamenda commercial advenue, telephone 675192509/698900893 tax payers No p10891122485C .

NB; on 09/05/13 cheque was deposited for collection- o on 15/05/13 credit advice was received from SGBC

WORK REQUIRD

1- Establish sales invoice no 13/2005 for order no090 (Appendix 1).

2- Journalise the banking transactions in the books of customer and supplier

Additional information:

From the 1st to the 10th October 2014, the following transactions were realized by the enterprise: FCFA

- 2nd paid new installations by cheque..................................104.000

- 3rd bank payment of a calculator ........................................103.000

- 4th purchase of goods on credit .............................................106.000

- 5th withdrawal from bank ........................................................ 102.000

- 6th paid suppliers by cheque ...................................................102.000

- 7th received new loan from Mr. SORRY HEART through transfer 104.000

- 8th purchase of goods in cash ............................................................105.000

- 9th credit purchase of a new office equipment ...............................120.000

- 10th increase of capital by bringing additional cash ........................110.000

- 10th sales of the week:

In cash ...............................................................................................80.000

By bank cheque ..............................................................................130.000

NB: The total purchase price of the goods sold is ...................................190.000

2nd WORK REQURIED

4.2 Journalize the above transactions

4.3 Record the above transactions in T accounts and balance them.

4.4 Present the six column trial balance.

Question 3

Mr. PALAVA is a marking Manager of NGONG DOG Enterprise, his basic salary is 520.000 FCFA. During the month of December 2003 be effectively worked as follows:

- 1st week: 52 hours

- 2nd week: 41 hours with 1 hours above 10 pm

- 3rd weeks 60 hours

- 4th week: 56 hours 5hours on Sunday and 6hour from 10pm

Mr. PALAVA is entitling to the following

- Allowances : punctuality allowance 6000 FCFA, Safety allowance 3 000FCFA

- Indemnities: Entertainment allowance 10.000 FCFA, milk allowance 5.000FCFA transport indemnity 12.000FCFA

- Benefits in kind: Lodging, vehicle, electricity, water, domestic servant , and feeding (amount to be calculated)

Work required: determine

a) His hourly rate

b) His overtime hours and amount in FCFA

c) Benefit in kind

d) Net taxable salary

Attachment:- Passport to HND in Accounting.rar

Reference no: EM132335334

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