OHADA Financial Accounting 2 (ACCM3202)
Faculty of Economics and Management Science (FEMS)
Semester: Second Semester
Level: 300
Year: 2017
Awa and Sons is a commercial enterprise, based in Bamenda. You work as an assistant
accountant in the enterprise. At the end of 2015, the situation of customers and shares are
presented in appendices 1 and 2 respectively.
Appendix 1; statement of litigious and doubtful customers as at 31/12/2015
customers debt (after tax) settlement 2015 2014 provision observation
NOUGA 1,788,750 715,000 1/2 To balance his account
MISSE (1) 596,250 800,000 890,250 might be recovered
AFANA 2,862,000 80% liquidation over
NGONO 858,600 (2)
FOUSSA 1,013,625 disappeared
(1) The previous provision represents 0.4 of the debt
(2) NGONO’s balance sheet is as follows
assets liabilities
201-original establishment expenses = 500,000 privileged debts = 4,500,000
231-commercial building = 6,500,000
unprivileged debts (including NTEFAM
and CO. Ltd = 6,250,000 245-transport equipment = 3,000,000
Appendix 2; situation of short term securities as at 31/12/2015
type number
unit purchase
price
market price as at
31/12/2014 31/12/2015
TABAC 60 25,000 23,000 33,000
UCB 150 40,000 45,000 38,000
BRASSERIES 240 75,000 75,000 70,000
GUINESS 300 50,000 47,500 50,000
Work required:
2.1- using appendix1, prepare the statement of doubtful customers
2.2- With the help of appendix 2, prepare the statement of shares
2.3- in the classical journal, carry out the regularization for the two statements
THE UNIVERSITY OF BAMENDA
FACULTY OF ECONOMICS AND MANAGEMENT SCIENCES
2
nd
Semester C.A Course: OHADA Financial Accounting
Credit Value:
Course Lecturers:
Time: Course Status: Date:
Venue: Instruction:
www.schoolfaqs.net
