cameroon gce intermediate level 2024 ohada financial reporting 2
cameroon gce intermediate level 2024 ohada financial reporting 2
| Purchases of goods |
602 Purchases of Raw Materials 4,200,000
6031 Variation of stock of goods
5,400,000
6032 Variation of stock of Raw Materials
3,000,000
605 Other Purchases
2,380,000
6221 Hiring of land
2,000,000
857,000
100,000
6224 Losses on containers
6371 Temporary Personnel
638 Other External services
1,000,000
651 658 Sundry Losses on Expenses Customers and other debts 1,580,000
11,370,000
673 66 Cash Personnel discount Expenses granted 910,000
674 Other Interest 2,000,000
681 Operating Depreciation 4,674,000
701 Sales of goods 25,081,000
J , 20,000,000
90
,000
702 Sales of finished products
707 Accessory revenue
40
,000
13,320,000
773 . Discount received
774 Income from investments
Transfer of operating expenses
Accounting value of disposal of fixed assets
Income from disposal of fixed assets
240
781 ,000
812 5,000,000
822 14,000,000
NB: Income Tax 3,300,000CFAF
‘
REQUIRED
Present the Profit and Loss Account of ALICO Enterprise on 31/12/2020 using APPENDIX 1
Total (20 marks)
2. Transport equipment consists of:
A private car acquired for 3,082,000F before tax on 1st January 2019 and depreciated according to the
constant method at the rate of 20%.
A Camion Renault acquired on the 1st January 2021 to replace Camion Volvo which was sold on the
same day at the net book value. The difference between the two values was settled by bank cheque.
Camion Volvo was acquired on the 1st January 2018 and both Camions were depreciated according to
the sum of years’ digit method.
| Original value | Duration 4 years 5 years |
REQUIRED |
| Camion Renault 8,O0O,000F before tax |
||
| Camion Volvo | 6,000,000F before tax | |
| i. Present the depreciation table of Camion Volvo up to the date of disposal. | ||
| ii. Record the acquisition of Camion Renault and adjustment entries of disposal of Camion Volvo. (3 marks) |
||
| (13 marks) on 30/12/2021. (4 marks) |
iii. Calculate and record the annual depreciation expenses on transport equipment |
Total (20 marks)
Description
| Amount CFAF Date Description < > * il t l > r 356,400 3/12 Cheque no 315 to DZE |
Amount CFAF 421,500 |
1/12 Balance as at 30/11 3/12 Cheque no 316 to TEH 79,200
7/12 Remittance cheque on sales
Remittance cheque by
customers
621,000 15/12 Domiciliation 371,000
7/12 41,500 18/12 Cheque no 317 to CHE 81,900
23/12 Cheque no 318 to NFEH 42,000
15/12 Bill for discounted 463,000 28/12 Cheque no 319 to NGQNG 31,200
16/12 Cheque from MANG 47,000 30/12 Cheque no 320 to GEH 14,300
Debit balance 419,300
TOTAL 1,460,400 TOTAL 1,413,400
Statement of account sent by the bank
CREDIT
CFAF
a) Prepare the bank reconciliation statement (APPENDIX 2).
b) Record the necessary adjustments in the Classical journal.
(14 marks)
(6 marks) .
Total (20 marks)
| 4. | The statement of securities at KBK Trading before stock taking as at 31/12/2021 is given as follows: | |
| Nature of shares Qty Unit Purchase Price | U.P (2020) U.P (2021) 50,000CFAF 55,000CFAF |
|
| MTN ORANGE CAMTEL Other Information: |
50 30 . 40 |
52,000CFAF 18.000CFAF 14,000CFAF |
20,00QCFAF 15.000CFAF
12,OOOCFAF 11,000CFAF
r f > 10 MTN shares were sold by bank cheque in 2021 at 55 000F each on 15/08/2021
REQUIRED
a) Present the statement of marketable securities (APPENDIX 3)
b) Record in the classical journal the entries of the provision including that of the Disposal
(15 marks)
(5 marks)
Total (20 marks)
