Advanced level 2025 South West mock cost and management accounting 3
Advanced level 2025 South West mock cost and management accounting 3
| AKAM FRAMS is a large agro company engaged in the production ^ as thinking follows of : going international due to the lucrativeness of her busmes . |
^^ |
and^^0^^is 1
(000 CFAF)
| LIABILITIES Capital (000 CFAF) 70,000 |
200,000 | ASSETS Fixed Assets |
||
| Current liabilities; Creditors (2) 170,000 |
Current Assets: Debtors ( 1 ) |
80,000 | ||
| Cash & bank Total Assets |
40,000 Total Liabilities |
_[ | 280,000 | |
| 280,000 , ( 1 ) Debtors settled 60% in February, 45% of the balance in March and the rest in April 2024. (2) Creditors will be settled in 2 equal monthly installments starting from March 2024. The sales and purchases for the first trimester of 2024 were forecasted as follows: |
||||
| Months | January | February | March | April |
| Sales Creditors for goods Additional information: |
160,000,000 120,000,000 |
200,000,000 190,000,000 |
150,000,000
110,000,000
300,000,000
360,000,000
Creditors for goods are settles 80% in the month of purchase and the balance after every one month.
Debtors for goods settles their account at 90% cash and the balance after every two months. 5% of
the balance is to be treated as bad debt paid in their respective month.
Insurance on a vehicle is paid monthly at 200,000 CFAF.
The company pays monthly rent in arrears at 500,000 CFAF after one months.
Penalty for expired vehicle document was paid in the month of April of 1 ,000,000 CFA
Amougou Tracy
June 1, 2025
Pls i need Northwest cost and management paper 2