INDONESIAN INTERNATIONAL SCHOOL YANGON (IISY)

No. 100 Lower Kyimyindine Road, Ahlone Township, Yangon Myanmar 11121
Phone : (095-1) 220987-220988-220989 Fax : (095-1) 254468
Website : www.iisyangon.net

FIRST MID-SEMESTER EXAMINATION

Distance Learning During Emergency COVID 19 Pandemic
ACADEMIC YEAR 2021-2022

Score Subject : Accounting

Class : Grade IX Newton and Faraday
Day, date : Wednesday, 22nd September 2021
Time : ____________
Student’s Name : Akar Kaung Khant

Instruction:
1. Pray before you start doing your exam.
2. Read the instructions carefully.
3. You have 60 minutes to do the exam.
4. There are 4 different questions.

1 Insert the missing words in the following sentences.

In double entry, the account which is receiving or gaining value is 1)..debit.......

and the account giving value is 2).credit

Goods obtained for resale are .3)..inventory.......... to the 4)......bank.........

account. If the goods are to be paid for at a later date the account of the supplier

is 5)............trade payable.....

The cost of repairing a motor vehicle would not be recorded in the

6)vehicle................. account as it does not 7).show................ the value of the

motor vehicle.

Where commission is both received and paid by a business, the business will
maintain two commission accounts – a 8)................commission
receivable. ................. account and a ..9)......commission
payable.......... .................. account.
 When the owner of a business uses his own money to purchase a machine for
the business, the10) ....Machine.............. account will be debited and the .
11)..........Bank....... account will be credited.

2 Complete the following table:

Transaction Account to be Account to be

debited credited
The owner introduced $60 000 capital purchase Bank
into a business bank account

Paid rent of premises by cheque premises Bank

Purchased goods for resale on credit purchase Ak supplies

from AK Supplies

Nelson, a credit customer, returned Nelson

goods
Sale return
Purchased office equipment by cheque equipment Bank

Received a loan from AN Loans which bank An loans

was paid into the business bank
3 Using the list of balances below, prepare the trial balance of Amit at
31 May 20–8.

Amit
Trial balance at 31 May 20–8
Dr Cr
$ $ $
Sales 176 000 Sales 176000

Purchases 110 000 Purchases 110000

Carriage 5 040 Carriage 5040

inwards inwards
Sales returns 1 650 Sales returns 1650

Purchases 950 Purchases 950

returns returns
Fixtures and 48 000 Fixtures and 48000
fittings fittings
Motor vehicles 14 000 Motor vehicles 14000

Inventory 21 000 Inventory 21000

Trade 14 000 Trade 14000

receivables receivables
Trade payables 11 500 Trade payables 11500

Balance at bank 2 385 Balance at bank 2385

Cash 1 720 Cash 1720

Wages 15 300 Wages 15300

Rent 22 000 Rent 22000

Electricity 3 260 Electricity 3260

General 4 670 General 4670

expenses expenses
Drawings 14 000 Drawings 14000

Capital 88 575 Capital 88575

277025 277025
4 Jason started a business on 1 April 2005. His transactions for the first month of
trading were as follows:
April 1 Jason introduced capital of $40000. Of this $1000 was in cash. The
remainder was paid into the business bank account
2 purchase premises, $25000 by cheque
4 purchase goods $9500 on credit from Lynn
6 paid general expenses $250 in cash
9 Cash sales $320
12 Sold goods, $1460 on credit to Paul
Paid $10 in cash for carriage on sales
15 Paul returned goods $120
20 Jason took goods, $100 for his own use
24 Paid Lynn $8000, on account by cheque
27 Paul paid the amount outstanding by cheque
Enter the above transactions in the ledger of Jason. Balance the account and
bring down the balances on 1 May 2005

…Cash……….Account

Amoun Amoun
Date Detail fo Date Detail fo
t t
 20-5  20-5
April 1 Capital     1000  April 6 General Expenses    250 
 April 9 Sales    320   April 12 Carriage Outwards    10 
               
         April 30 balance  C/d  1060 
       1320       1320 
 May 1 Balance  b/d  1060         
               

Bank………….Account

Amoun Amoun
Date Detail fo Date Detail fo
t t
 20-5  20-5
April 1 Bank    39000  April 2 Premises   25000 
 April 27 Paul    1460   April 24 Lynn    8000 
               
         April 30 Balance  C/d  7460 
      40460        40460 
 May 1 Balance  b/d  7460         
               
 Capital……….Account

Amoun Amoun
Date Detail fo Date Detail fo
t t
 20-5
        April 1  Cash   1000 
         April 1 Bank     39000 
               
               
               
               
               

…Premises…….Account

Amoun Amoun
Date Detail fo Date Detail fo
t t
20-5
April 2  Bank    25000         
             
               
               
               
               
               

…Purchase…….Account

Amoun Amoun
Date Detail fo Date Detail fo
t t
 20-5  20-5
April 4 Lynn     9500 April 20 Drawing    100 
               
               
               
               
               
               
Lynn (Trade Payable)……….Account

Amoun Amoun
Date Detail fo Date Detail fo
t t
 20-5 20-5
April 24 Bank    8000  April  4 Purchase    9500
               
              
               
               
             
               

…General Expenses………….Account

Amoun Amoun
Date Detail fo Date Detail fo
t t
 20-5
April 6 Cash    250         
               
               
               
               
               
               

Sales……….Account

Amoun Amoun
Date Detail fo Date Detail fo
t t
         20-5      
         April 9 Cash    320
         April 12 Paul    1460 
               
               
               
               

…Paul (trade Receivable)……….Account

Amoun Amoun
Date Detail fo Date Detail fo
t t
 20-5  20-5
April 12 Sales    1460  April 15 Sales Return    100 
         April 27 Bank    1460 
               
               
               
               
               
 …Carriage Outwards……….Account

Amoun Amoun
Date Detail fo Date Detail fo
t t
 20-5
April 12 Cash    10         
               
               
               
               
               
               

…
Sales Return………….Account

Amoun Amoun
Date Detail fo Date Detail fo
t t
 20-5
April 15 Paul     120         
               
               
               
               
               
               

…Drawing……….Account

Amoun Amoun
Date Detail fo Date Detail fo
t t
 20-5
April 20  Purchase   100,