Ordinary level 2026 South West mock digital marketing practice 1

1. Assets are defined as:

   • A Borrowed resource with future cash out flow

   • B Owed resources

   • C Owned resources

   • D Resources that the business has control with future cash benefits

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2. Which of the following trial balances is strongly recommended by the OHADA Accounting System?

   • A Two column trial balance

   • B Four column trial balance

   • C Six column trial balance

   • D Eight column trial balance

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3. The credit purchase of industrial equipment is recorded in the book of prime entry as:

   • A Debit account 601 and credit account 401

   • B Debit account 241 and credit account 481

   • C Debit account 241 and credit account 401

   • D Debit account 4011 and credit account 2411

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4. A credit bank balance on the trial balance signifies:

   • A Error committed in the bank statement

   • B No cash with the bank

   • C Excess cash with the bank

   • D Bank over draft

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5. The cash account of an enterprise has an opening balance of 1,417,000 FCFA. This account has recorded a debit movement of 4,175,000 FCFA and a credit movement of 3,000,000 FCFA. The closing balance of the cash account is:

   • A 2,592,000

   • B 8,592,000

   • C 5,592,000

   • D 242,000

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6. The trial balance is used to record balances from:

   • A Cash book

   • B Journal

   • C Ledger

   • D Balance sheet

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7. When goods are sold on credit, the following entries are made:

   • A Dr Account 701 and Cr Account 401

   • B Dr Account 6031 and Cr Account 311

   • C Dr account 4111 and Cr account 701

   • D Dr account 701 and Credit account 4111

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8. The following are the correct version of the fundamental accounting equation, EXCEPT:

   • A Assets – Liabilities = Capital

   • B Asset = Capital + Liabilities

   • C Assets = Liabilities – Capital

   • D Assets – Capital = Liabilities

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9. What are the main roles of an enterprise in the economy?

   • A Basic needs, exchange of services

   • B Buying, selling and profit making

   • C Money exchange and profit role

   • D Social, economic and financial role

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10. The invoice prepared by the supplier requesting payment before goods are delivered is called?

    • A Debit invoice

    • B Proforma invoice

    • C Credit invoice

    • D Payment note

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11. In an Enterprise, software, License, copyright, logo and trade mark are all aspects of:

    • A Fixed assets

    • B Tangible fixed assets

    • C Intangible fixed

    • D Financial fixed assets

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Use the following information to answer questions 12, 13 and 14.

An invoice of goods sold for 4,500,000 FCFA has a cash discount of 2%, rebate of 10%, consigned containers of 20,000frs and VAT at the standard rate of 19.25%.

12. What is the amount of commercial net?

    • A 3,969,000 FCFA

    • B 4,410,000 FCFA

    • C 4,500,000 FCFA

    • D 4,050,000 FCFA

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13. What is the net amount payable?

    • A 4,756,883 FCFA

    • B 4,500,000 FCFA

    • C 3,989,000 FCFA

    • D 3,969,000 FCFA

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14. Based on the above information, determine the amount of VAT.

    • A 764,033 FCFA

    • B 767,883 FCFA

    • C 647,033 FCFA

    • D 866,250 FCFA