OHADA Accounting 1 (ACCC3107)
Higher Institute of Commerce and Management (HICM)
Semester: First Semester
Level: 300
Year: 2016
HIGHER INSTITUTE OF COMMERCE AND MANAGEMENT (HICM)
COURSE TITLE OHADA ACCOUNTING I
DEPARTMENT ACCOUNTING AND FINANCE LEVEL 200
ACADEMIC YEAR 2015/2016 FIRST SEMESTER
COURSE MASTER: ARMSTRONG PEACE NF
INSTRUCTIONS: ANSWER ALL QUESTIONS
QUESTION 1 (30Marks)
The balance sheet up of the following of GAMEPLAN Plc is made up the following elements construct
10,000 FCFA off equipments 60,500FCFA, suppliers 69,000FCFA, stock of goods 92000FCFA . land
60,000FCFA customers is
59,500FCFA, transport equipment 71000FCFA, tools 62,500FCFA cashing in hand 50,500FCFA and
FCFA
During the month of January 2016, the following transactions were realized by the enterprise
13
th
Purchase of a piece of land by Cash..............................52,000 FCFA
14
th
Purchase of office equipment by cheque………………....51,500FCFA
15
TH
Purchase of goods on credit…………………………………53,000FCFA
16
th
Deposit of cash in the bank…………………………………51,000FCFA
17
th
Settlement of supplier by cash……………………………51,000FCFA
18
th
Received new loan by bank transfer……………………….52,000FCFA
19
th
Purchase of good's by cash....................................................52,000FCFA
20
th
purchase of new office equipment..........................................60,000FCFA
22
nd
Additional cash brought in by the promoters…………………58,000FCFA
23th sales of goods of cash……………………………………….105,000FCFA
Work Required:
1. Prepare the opening balance sheet of this enterprise
2. Record these transactions on the journal
3. Transfer the operations of the period including those of the opening sheets on T or ledger account
4. Extract the-trial balance
5. Present the income statement and closing balance sheet.
GOOD LUCK.
www.schoolfaqs.net
