ordinary level 2025 South West mock ohada financial accounting 1
ordinary level 2025 South West mock ohada financial accounting 1
OHADA treaty was signed on;
A January 1*, 2021
B January 1« 1999
C October 16* 1993
D October 17*, 1993
2# . The full meaning of OHADA is:
A Organisation and Harmonisation of
Business Law
B Organisation for fee Harmonisation of
Business Law in Africa
C Organisation and Harmonising Business
Law in Africa
D Organisation for the Harmonisation of
Duties and Activities
buyer
10. Which of the following explains why a trads
bill is discounted?
A The payee of the bill needs money
before the due date
B The drawee of the bill needs money
before the due date
C The drawer is afraid that the bill may not
be settled
D The banker of the drawee offers him the
opportunity
ft
:X
ri
3. An assets is defined as;
A 3 Owned resources
B Owed resources
C Resources controlled by the enterprises
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D Resources rented by the enterprises in
order to have cash
1$im
11. Use the following invoice to answer question
below it:
Amount
(FCFA)
Element Rate
4. Accounting cycle begins with the: t; •‘s’‘‘‘
A Preparation of a trial balance
B Analysis of business transaction
C Preparation of end of adjustment entries
D Preparation of ledger account
Gross *A•* •J
Trade discount 10%
Commercial net
Cash discount 4% 1,440,000
| Financial Net | 34,560,000 |
| Transport invoiced | 350,000 |
| VAT | 19.25% |
| Advance payment | (9,904,000) |
| Net payable |
5. The first digit of any account code represents the: A Class of account
B Number of account
C Subsidiaiy account
D Main account
The gross amount of the goods is;
A 40,000,000 FCFA
B 36,350,000 FCFA
C 46,254,000 FCFA
D 36,000,000 FCFA
*
6. The deduction made on an invoice to motivate
clients for prompt payment is called:
A Rebate
B Cash discount
C Bonus
D Trade discount
12. Using the data giving for question 11 above,
the net amount payable of the invoice is:
A 41,630,175 FCFA
B
.
25,006,000 FCFA
C 31,726,175 FCFA
D 37,126,175 FCFA
7. The invoice prepared by the supplier when the
customer returns part of goods bought is called:
A Credit invoice
B Proforma invoice
C Debit invoice
D Debit note
13. In a certain week, a worker spent 4 hours on a
public holiday working in the workshop, 51
hours on ordinary days and 2 hours late in the
night after 10 p.m. If normal working week is
made up of 40 hours, calculate the overtime
earned by the worker for the week according to
tho law given that the hourly rate is 400 FCFA.
A 20,400 FCFA
B 8,840 FCFA
C 6,800 FCFA
D 9,000 FCFA
8. At the end of a period, when total debit of an
account is greater than total credit, the balance
calculated is called:
A Credit balance and placed on debit side
B Debit balance and placed on credit side
C Debit balance and placed on debit side
D Credit balance and placed on credit side
