cameroon gce intermediate level 2025 ohada financial accounting 2

cameroon gce intermediate level 2025 ohada financial accounting 2

cameroon gce intermediate level 2025 ohada financial accounting 2

From the first image:

1. The following are the first month’s transactions of a newly created Commercial Entity:
   • July 01, 2023: 400,000 FCFA was put into the business; the money was deposited into the Bank.
   • 200,000 FCFA was put into the business in cash.
   • July 02, 2023: Bought Equipment worth 1,200,000 FCFA by Bank Cheque.
   • July 03, 2023: Purchase of goods by Bank Cheque worth 95,000 FCFA.
   • July 05, 2023: Sales of goods; payment by Bank Cheque of an amount of 50,000 FCFA.
   • July 09, 2023: Purchases of goods by cheque for 75,000 FCFA
   • July 14, 2023: Purchase of Office Stationaries by Bank Cheque worth 60,000 FCFA.
   • July 18, 2023: Cash sale of goods worth 47,000 FCFA.
   • July 21, 2023: Cash Payment of salaries of an amount of 70,000 FCFA.
   • July 25, 2023: Sales of goods by Bank Cheque of an amount of 45,000 FCFA.
   • July 30, 2023: Cash deposited into the Bank account worth 35,000 FCFA.
   • Required: Record the transactions in the journal of the newly created Entity. (TOTAL 20 marks)
2. For the month of March 2020, Good Luck Ets sold 100 bags of rice for 10,000 FCFA per bag to Young Co Ltd.
   • Required:
     • i. Complete the Invoice No. 004A (Appendix 1A). (10 marks)
     • ii. Present cheque no 0521 from account no 7423 sent to GOOD LUCK ETS (Appendix 1B). (5 marks)
     • iii. Present the journal entries relating to appendices 1A and 1B in the books of GOOD LUCK ETS. (5 marks)
   • NB: All appendices are to be handed in with the answer booklet. (TOTAL 20 marks)
3. During the month of November 2023, WIA-LEKONG Enterprise made available the following information relating to the situation of non-identifiable returnable containers:
   • November 1, 2023: Initial stock 625 crates in the warehouse and 1,500 crates on consignment.
   • November 2, 2023: purchase from supplier Keluh; 400 crates.
   • November 3, 2023: consignment to customer Buh 300 crates.
   • November 4, 2023: customer Buh returns 200 crates and kept the rest.
   • November 5, 2023: sold to customer Bieng; 60 crates.
   • November 6, 2023: consignment to customer Ten; 20 crates.
   • Required: Prepare the quantitative stock bin card (Appendix 2). (TOTAL 20 marks)
4. BOBOCAM Ltd is a manufacturing firm producing a unique product from a particular material SM. Production is done in two workshops. For the month of March 2022, the following information is made available:
   • Stock at start:
     • Finished product (FP) 3,000 units at 20,000 FCFA per unit.
     • Material SM 10,000kg at 18,000 FCFA a kg.