cameroon gce intermediate level 2024 ohada financial accounting 1
cameroon gce intermediate level 2024 ohada financial accounting 1
OHADA came into force in Cameroon on
A 17th October 1993.
B 1st January 2001.
C 1st January 1993.
D 17th October 2001.
7.
Questions 2 and 3 is based on the following information
below.
Given the following: Land and Buildings 4,000,000
CFAF, Transport equipment 2,000,000 CFAF, Slock of
goods 900,000 CFAF, Debtors 500,000 CFAF, Cash
600,000 CFAF, Creditors 700,000 CFAF, and Debentures
2.300,000 CFAF
The account of customers and suppliers are
known as:
A Impersonal account.
B Personal account.
C Real account.
D Nominal account.
8.
Which of the following statements shows ledger
balances as at a particular date?
A A trial balance
B A trading account
C A ledger account
D A balance sheet
2. An element of long term liability above is
A Debentures.
B Creditors.
C Transport equipment.
D Debtors.
9.
3. The capital is
A 8,000,000 CFAF.
B 3,000,000 CFAF.
C 6,000,000 CFAF.
D 5,000,000 CFAF.
Gross salary consist of
A Basic salary + Overtime + Allowances +
Indemnity
B Basic salary + Overtime + Allowances +
Indemnity + Bonuses
C Basic salary + Overtime
D Basic salary + Overtime + Allowances
10.
4. Based on the classical system, the accounting
cycle has the following stages
A Journal– Source documents– Account –
Trial balance.
B Source documents– Account– JournalAccount– Trial balance.
C Source documents–Journal– AccountTrial balance.
D Journal– Account– Source documents –
Trial balance.
A credit invoice can be established when
A Containers are returned.
B Payment is made immediately.
C Containers are consigned.
D More goods are supplied.
11.
12. When goods are returned the
A customer prepares a debit note.
B customer prepares a credit note.
C supplier prepares a credit note.
D supplier prepares a debit note.
The credit purchase of transport equipment is
recorded in the classical journal as:
A Debit account 601 and credit account 401
B Debit account 245 and credit account 481
C Debit account 245 and credit account 401
D Debit account 601 and credit account 481
5.
A domiciled bill of exchange is a bill that is
A Payable through a bank.
B Discounted in a bank.
C Deposited in a bank.
D Dishonoured in a bank.
13.
The cash account of an enterprise has an opening
balance of 1,500,000 CFAF. This account has
recorded a debit movement of 2,175,000 CFAF
and a credit movement of 3,000,000 CFAF. The 14.
closing balance of the cash account is:
A 2,325,000 CFAF.
B 825,000 CFAF.
C 6,675,000 CFAF.
D 675,000 CFAF.
6.
Which of the following is a method of financing a
business ?
A Deposit in the bank.
B Subventions by a bank.
C Withdrawals from the bank.
D Settlements of loans in the bank
