cameroon gce 2023 intermediate level Ohada Financial Accounting 1
cameroon gce 2023 intermediate level Ohada Financial Accounting 1
OHADA means Organisation
A and Harmonisation of African Business
Law.
for the Harmonisation of African Duties
and activities.
C and Harmonising Business Law in Africa
D for the Harmonisation of Business Law in
Africa
Questions 7-8 is based on the information below
TINTELE entity purchased the following articles
in 2019: .
2nd January, 2000 units at 100 CFAF each
•8th February, 1500 units at 125 CFAF each.
The issue price on the 15th of February if weighted
Average Cost is use will be:
A 112.5 CFAF.
B 110 CFAF.
C 110.7 CFAF.
D 100 CFAF.
B
7.
2. An enterprise can be described as a/an
A financial undertaken that satisfy human
wants
B business organisation that sells its
products to make profit
C organisation that serves human needs
D monetary organisation
If FIFO is applied and that 2500 units were issued,
what will be the unit price of the closing stock?
A 125 CFAF.
B 112.5 CFAF.
C 100 CFAF.
D 225 CFAF.
8.
3. The balance sheet equation is
A Capital=Asset+Liability
B Asset=Liability-Capital.
C Capital=Liability-Asset.
D Asset=Liability+Capital.
A system of recording that makes use of several
auxiliary journals is known as:
A Centralised system.
B Classical system.
C Standard system.
D Simplified system.
9.
4. Flows within an organisation are known as
A interim flows.
B internal flows.
C intensive flows.
D external flows.
For the normal system, the weekly legal duration
of work is :
A 54 hours.
B 45 hours.
C 40 hours.
D 48 hours.
10.
Credit purchase of goods is recorded in the
classical journal as follows;
A Debit account 601 and credit account
401.
B Debit account 245 and credit account
401.
C Debit account 245 and credit account
601.
D Debit account 401 and credit account
601.
5.
The brought forward balance of an account shows
a debit balance of 45,000CFAF. If a credit
transaction of 95,000CFAF and a debit transaction
of 60,000CFAF are realized, the new balance will
be a
A debit balance of 10,000CFAF.
B credit balance of 10,000CFAF.
C credit balance of 80,000CFAF.
D debit balance of 80,000CFAF.
