Εικόνες σελίδας
PDF
Ηλεκτρ. έκδοση

BOOK-KEEPING BY SINGLE ENTRY.

B.

(Time allowed, half-an-hour.)

1. Rule a form for a Cash Book, and enter in it the following trans

[merged small][ocr errors][merged small][merged small][merged small][merged small][ocr errors][merged small][ocr errors][merged small][ocr errors][merged small][merged small][merged small][merged small][merged small][merged small][merged small][ocr errors]

Paid wages

19 7 6

12. E. H. Wedgwood paid into my account at bank Paid Richard Davies (by cheque)

[blocks in formation]

10. Drew cheque to pay wages

[ocr errors]

BOOK-KEEPING BY DOUBLE ENTRY.

C.

Used in Competitive Examinations.

(Time allowed, 3 hours.)

Instructions.-The answer to questions 1, 2, and 5, should be as carefully written as if they were entries in real Account Books.

1. Journalize the following transactions:

1866.

Jan. 1. In hand :

£ s. d.

[merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][ocr errors][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small]

1 Chests Oolong Tea, 40 lbs. net, at 1s. 8d.
8 boxes pearl-leaf Gunpowder, 72 lbs., at 3s. 6d.

5. Paid Thomas Dorrington (by cheque)

[ocr errors]

Paid wages

368

12 12 0 26 5 4

310

1869.

Jan. 11. Sold to William Herne:

23 Chests Flowery Pekoe, 131 lbs. net, at 2s. 5d. 12. Paid wages

[ocr errors]
[ocr errors]

14. Accepted draft of Jonas Thompson, at one month
Received of Joan Brough, acceptance, at 2 months
Paid into Bank for Discount, Brough's and Flocton's
Bills (discount 4s. 8d.)

: :

[ocr errors]

19. Paid wages

[merged small][ocr errors]

Paid John Travers

26. Paid wages

[ocr errors]

Paid into my account, at Bank, by William Herne,

to balance

28. Flocton's Bill returned from Bank, dishonoured

£ s. d.

15 16 7

3 1 0 34 0 0

15 18 8

60 18 8 3 1 0

25 0 0

22 10 0

3 1 0

15 16 0

45 0 0

2. Post the above transactions into the Ledger given herewith. No Index need be made.

3. Balance and close the Ledger. Assume a value for the stock on hand. 4. By how much am I solvent or insolvent? What, on your assump tions, has been my gain or loss on goods on the period taken, and what my total gain or loss?

5. Rule a form for a Cash Book, having a column for Cash, one for Bank, and one for Bills, and enter in it as many of the transactions given above as should be placed there.

BOOK-KEEPING BY DOUBLE ENTRY.

D.

(Time 2 hours.)

1. Rule a form for a Cash Book, having two sets of money columns, and enter in it as many of the following transactions as can be placed there, using one set of money columns for "Bank" and one for "Cash":

[merged small][ocr errors]

Received of W. Ellis

4. Paid Munt, Brown, and Co.

5. Paid W. Brown (by cheque)

9. Received of John Cook (and allowed him 30s. as

[merged small][ocr errors][merged small]
[ocr errors][merged small][merged small][merged small][merged small][merged small][merged small][merged small][merged small][ocr errors][merged small][merged small]

2. Journalize the transactions given in question 1.

3. How should the merchandise account be treated in order that the Ledger might (so far) be closed?

4. How should Stock account be treated in order that the Ledger might (so far) be closed?

5. How should Profit and Loss account be treated in order that the Ledger might (so far) be closed?

6. How should the account for "Ship Mary Jane" be treated in order that the Ledger might (so far) be closed?

7. If a trader had a clerk who was perfectly accurate in his work, never at any time making a single mistake, what would he gain by having his books kept by "Double Entry " instead of by Single Entry"

66

8. Rule a specimen of the form of a "Trial Balance." How is a "Trial Balance" prepared-what is its purpose, and how far does it answer that purpose?

9. On the ruled paper supplied to you, open a Ledger account for "Cash," and a Ledger account for "Rogers and Wroe," and post into them such of the transactions in answer to 1 and 2, as belong to them.

10. Give the Journal entry which Munt, Brown and Co. should make of transaction of July 4.

11. Give the Journal entry which John Cook should make of the transaction of July 19.

12. If you have time, answer one of the following:

A. Give a description of any form of Government Book-keeping with which you are acquainted, pointing out where it differs from ordinary mercantile Book-keeping, and assigning the reason for the variation, and comparing, also, the non-personal accounts with those of mercantile Book keeping.

B. Give an account (similar to that required by A) of any application of the system of Double Entry to solicitor's accounts or to farming accounts.

C. Describe any variations of Double Entry you are acquainted with either in the books or their forms. Describe the apparent object of the changes, and estimate their value.

D. What would be gained and what would be lost by dispensing with the Journal in Double Entry?

E.

(Time allowed, 3 hours.)

1. Why is Book-keeping by Double Entry so called?

2. What advantages has Book-keeping by Double Entry over any other

system?

3. What books are employed in Double Entry?

Describe the contents of each book, and, if any entries are made in more than one of them, trace the course of such entries. State to what Government department or branch of business your answer applies.

4. The following particulars are given of the position of John Smith at the close of the year:

W. Brown owes him £50, Charles Smith £70, Roger Peake £155. He owes Thomas Smith £50, Charles James £25, James Thompson £72. The Balance of Bills Receivable account is £472, and of Bills Payable account £917. The Dr. side of his Merchandise account is £1172, and the Cr. £911. The Cr. side of his Stock account is £410. He has in hand, Cash £48, and Goods £418.

Rule Ledger accounts, place the amounts specified on the proper sides of them, and then close the Ledger, showing the balance.

5. What errors are not checked by balancing the Ledger?

6. Give the Journal entries for the following transactions :

[blocks in formation]

7. Give the Journal entries which should be made by John Smith and Robert Brown for the part of each in the foregoing transactions.

8. A. has the following entry in his Journal:

"John Thompson Dr. to Bills Payable

66

£500 0 0

(accepted the draft of Jacob Simpson on his account)." Give the Journal entries which John Thompson and J. Simpson should make respectively.

9. How could books be kept by Double Entry without the use of a Journal?

10, In the books of most Government departments and of some merchants the Journal has the Dr. and Cr. columns on opposite sides of the page, and the totals of the pages carried forward to the end of the year What is thus gained?

11. Define the position in which the "Private Ledger" of a merchant stands with respect to his other books.

Define the uses and position of an Auxiliary Ledger in the books of the
Admiralty and other Government departments.

[merged small][merged small][merged small][merged small][merged small][merged small][merged small][ocr errors][merged small][ocr errors][merged small][merged small][merged small][merged small][merged small]

(In settlement of account they allowing 14s. discount)

5. Received of James Smithson:

His Acc. at 2 mos.

[ocr errors]

5. Bought of F. & E. Godsell:

1 Puncheon of Jamaica Rum

,, Accepted F. & E. Godsell's draft at 3 mos. for

30 0 0

17 7 7

[blocks in formation]

Write them either into the Journal or into the books which are sometimes used instead of it.

2. Post them into the Ledger.

3. State what books would be required to record the following facts:

In the month of July, I paid for petty expenses £28 7s. 2d. I allowed discounts amounting to £52 7s. 3d., and was allowed discounts to the amount of £45 7s. 2d.

4. Give a copy of the Ledger account "Profit and Loss" after these transactions have been posted into it.

5. Suppose that John Brown writes to you requesting you to discount a bill for £50 which he encloses, and to pay the proceeds to William Smith on his (Brown's) account, and that you do so, deducting £3 15s. for discount: give a copy of William Smith's Journal entry of his part of the transaction, of J. Brown's Journal entries, and of your own.

GEOGRAPHY.

The requirements under this head may be divided into three standards : -(1) Those who are examined on the geography of the British Isles; (2) those examined on the British Empire; (3) and those examined on Geography in general.

« ΠροηγούμενηΣυνέχεια »