gce 2022 intermediate level ohada financial accounting 1

gce 2022 intermediate level ohada financial accounting 1

gce 2022 intermediate level ohada financial accounting 1

The lorn domiciliation of a bill means the
A place where the bill is drawn
B place of payment
C Maturity date
D place of acceptance
The minimum monthly salary prescribe by the
law in Cameroon is
A 26,000FCFA
B 28,216FCFA
C 36.270FCFA
4> 33,520FCFA
1 . 7.
2. What is the difference between VAT invoiced
and VAT recoverable ( when VAT invoiced is
greater)?
A VAT Deductible
B VAT paid
VAT due
D VAT credit
In bank transactions, what do you understand by
uncollected cheques?
A A cheque that has been discounted
B A cheque that has been dishonoured
C A cheques which has not yet been drawn
4d – A cheque drawn which has not yet reach the
bank
8.
A purchase invoice is prepared by the
A buyer
•B‘ seller
C bank
D transporter
9.
The total amount of pay due to employees for a
period before any deductions arc made is known
as
A salary
B net pay
*6 gross salary
D total pay
Which commercial reduction is granted by a
supplier to compensate for goods not
inconformity with the order?
A Rebate
-B Trade discount
C Bonus
D Cash discount
10.
4. The process where similar routine transactions are
grouped and recorded once within a given period
is described as.
A periodic works
B daily similar works
C batch accounting
D periodic batch accounting
The beneficiary of a cheque in a sales of goods
transaction is the
A Drawee
B Payee
C Customer
*B- Supplier
1 1.
In a given week, a worker worked a total of
53hours including 2hours in the night as from
10pm. Given that the hourly rate is 400FCFA and
the nonnal working hours per week is 40hours.
The total amount of overtime earned for the week
will be
A 3,840FCFA
& 6,600FCFA
C 11,050FCFA
D 13.000FCFA
5.
12. Which of the following containers should be
recognised as a fixed asset?
A Non-returnable containers
B Identifiable returnable containers
C Mixed usage containers
©*- Non identifiable returnable container.
!
6. Invoice no P20 includes the following…
Gross amount
13. In the case of the return of goods, which of the
following documents is sent to the customer?
A Quotation
B Debit note
£r Credit note
D Delivery note
Trade discount
Net trade
Cash discount 5%
Financial Net
VAT 19.25%
Net Payable U 32.875FCFA
14. Wh man undercharge is found in an invoice,
a is used to carry out the correction
A credit note
B- debit note
C debit advice
L > credit advice