Mock exam paper A P2 Higher Level
PRE - JUNIOR CERTIFICATE EXAMINATION, 2011
BUSINESS STUDIES – HIGHER LEVEL – PAPER II
TIME: 2 HOURS
- All questions carry equal marks.
- Attempt any FOUR questions.
- Marks will be awarded for layout and presentation including, where appropriate, folios and dates.
- Dates should show the day, month and year.
- Calculators may be used.
1. This is a Book of First Entry, Ledger and Trial Balance Question
Answer all parts of this question:
WYSE Ltd, an electrical company, has the following balances in its General Journal on 1 January 2010.
Debtors: Early Ltd.
Ordinary Share Capital
Assets, Liabilities and Share Capital of WYSE Ltd on this date
(A) Post the balances in the above General Journal to the relevant ledger accounts
and Analysed Cash Book. (4)
(B) Post the relevant figures from the Sales and Sales Returns Books below to the Ledger Accounts.
SALES RETURNS BOOK
Credit Note No.
(C) Record the following Bank Transactions for the month of May in the Analysed Cash Book (ACB) of WYSE Ltd. Post the relevant figures to the Ledger Accounts.
Note: Analyse the Bank Transactions using the following money headings:
Debit (Receipts) Side: Bank Sales VAT Debtors Share Capital
Credit (Payments) Side: Bank Purchases VAT Wages
3/1/2011 Shareholders of WYSE Ltd invested €75,000 and this was lodged
5/1/2011 Cash Sales lodged €36300 (€30000 + VAT €6300)
6/1/2011 Paid wages Cheque No. 1 €4500
8/1/2011 Early Ltd paid his account in full and this was lodged. Receipt No. 10
10/1/2011 Young Ltd paid €8000 and this was lodged. Receipt No. 11
11/1/2011 Purchases for resale Cheque ...