ordinary level 2026 South West mock ohada financial accounting 2

1. You have been provided with the following documents from FUSUNG Enterprise Limited:

Invoice N° F01	Invoice N° S05
To customer ETIKE on 02/02/2026	From supplier SIM on 01/05/2026
Goods ———————– 4000,000	Goods ———————– 3,200,000
Trade discount (10 %) —— ?	Trade discount (5 %) ——– ?
Transport invoiced ———- 150,000	Transport paid ————– 119,250
VAT (19.25 %) ————– ?	VAT (19.25 %) ————– ?

Required:

• a) Present Invoice: N° F01 and Invoice: N° S05 showing all its elements. (11 marks)

• b) Record the invoice in the books of FUSUNG Enterprise Limited:. (9 marks)

  (Total 20 marks)

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2. During the month of November 2024, the following transactions took place in CUDA Enterprise Ltd:

• November 1: Purchase of goods on credit 2,700,000 FCFA (tax exclusive)

• November 3: Sales of goods by cash 21,000,000 FCFA (tax exclusive), margin on sales of 20%.

• November 5: Credit sales of goods 1,100,000, transport invoice 100,000, VAT 19.25% and margin on sales is 20%.

• November 8: Purchase of office equipment on credit 800,000 FCFA (tax exclusive)

• November 11: Purchase of office equipment on credit 150,000 FCFA (tax exclusive)

• November 15: Deposit of cash into NFC bank 17,000,000 FCFA

Required:

Record the transactions in the classical journal of CUDA Enterprise Ltd using perpetual inventory.

(Total 20 marks)

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3. TIC-TAC Enterprise keeps it records such that all transactions affecting containers are kept in one ledger account. At the start of December 2025, initial stock balance of crates in quantity were 8,000 units of crates in warehouse and none in the hands of customers. During the month the following were carried out:

• December 4: Purchase of 600 crates

• December 10: Consignment to customers 1,700 crates

• December 16: Returns from customers 690 crates

• December 20: Sales of containers consigned to customers 500 crates

• December 22: Consignment to customers 300 crates

• December 25: Destruction of 100 crates in the warehouse

• December 27: Return of 200 crates

• December 30: non return of 300 crates at due date

Required:

Present the stock card of containers in quantity for TIC-TAC Enterprise. (use appendix 1)

(Total 20 marks)

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4. ESUNGE is an employee who works for CENTINARY. He is paid an hourly rate of 1,200 FCFA. The enterprise is under the normal system and the working time per week is 40 hours. During the month of December 2025, the time sheet of Mr. ESUNGE is presented as follows:

TIME SHEET FOR ESUNGE OF DECEMBER 2025

Week \ Day	Mon	Tues	Wed	Thu	Fri	Sat	Sun	Total hours
Week 1 ⁽¹⁾	7	9	10	10	10	5	4	55
Week 2	8	8	9	9	9	7	–	50
Week 3	10	6	10	8	10	9	3	56
Week 4 ⁽²⁾	7	8	8	8	6	2	3	42

⁽¹⁾ Work on Monday of week 1 was done late in the night between 10 pm to 5 am

⁽²⁾ Thursday of week 4 is 25ᵗʰ December (Christmas Day) which is a public holiday.