cameroon gce intermediate level 2025 ohada financial reporting 1
cameroon gce intermediate level 2025 ohada financial reporting 1
- One of the following loss in value may occur on fixed assets:
- A. Depreciation
- B. Provision
- C. Scrap
- D. Annuity
- The balanced sheet classes of account range from
- A. classes 1 to 9
- B. classes 2 to 5
- C. classes 1 to 5
- D. classes 6 to 9
- The net book value of an asset can be calculated using which formula?
- A. OV-provision
- B. Provision-OV
- C. OV-NBV
- D. OV-Accumulated Depreciation
- From the bank reconciliation statement, the account kept by the enterprise is called
- A. Bank account
- B. Bank statement
- C. Reconciliation
- D. Accounts
- Impairment loss written back comes to
- A. reduce profit
- B. increase profit
- C. regulate profit
- D. affect profit
- On the 01/08/2023, you acquired a building worth 6,000,000 FCFA to be depreciated for 20 years using the straight line method of depreciation. Determine the value of the 1st depreciation annuity.
- A. 125,000 FCFA
- B. 6,000,000 FCFA
- C. 5,000,000 FCFA
- D. 300,000 FCFA
- An asset has an OV of 6,000,000 FCFA and an accumulated depreciation of 3,500,000 FCFA at the end of the 3rd year. Calculate the NBV.
- A. 2,000,000
- B. 3,500,000
- C. 6,000,000
- D. 9,500,000
- An unrecovered debt at the end of the period represents a/an
- A. deficit
- B. revenue
- C. expense
- D. asset
- A customer who argues the existence of his/her debt and is taken to court is considered as
- A. litigious customer
- B. doubtful customer
- C. bad customer
- D. uncertain customer
- A business received yearly rents on the 01/06/2023. Which term is used to refer to the part of rental income to be consumed in 2024?
- A. Accrued revenues
- B. Prepaid revenues
- C. Unjustified revenues
- D. Revenues receivable
- Account “521 – local banks” having a credit balance carried down indicates an
- A. over deposit
- B. over savings
- C. Overdraft
- D. under savings
- In the minimum cash system, the ………………. journal is used to record treasury related transactions
- A. Cash and bank
- B. Debtors and creditors
- C. Purchases and sales
- D. Receipts and payments
- What is the Normal time interval for the presentation of financial statements in the OHADA Zone?
- A. Six-monthly
- B. Monthly
- C. Quarterly
- D. Annually
- On 28/12/2023, ABC Enterprise received a stock of goods worth 500,000 FCFA. How is this to be treated during year-end procedures, given that the corresponding purchase invoice is till awaited as on 31/12/23?
- A. Add to the purchases of the 2024 period.
- B. Remove the goods for the next period.
- C. Add to the purchases of the 2023 period.
- D. Wait until the invoice is received.
- A Transport Equipment put into service on the 01/07/2022 reveals the following on the 31/12/2023 before inventory:
- Transport equipment: 4 000 000 FCFA
- Accumulated Depreciation: 1 200 000 FCFA
- Calculate the constant depreciation rate.
- A. 10%
- B. 5%
- C. 25%
- D. 20%
- An entity bought 60 shares at 10,000 FCFA each on 01/09/2023, the value of a share is 9,000 FCFA. What is the value of impairment?
- A. 9,000 FCFA
- B. 60,000 FCFA
- C. 600,000 FCFA
- D. 300,000 FCFA
