Page 136 - F1 Integrated Workbook STUDENT 2018

Chaptter 9

Exxampple 1

Thee following example iis taken froom BA3 annd should indicate thee level of
knoowledge whhich will bee assumedd for F1. TThis exampple is not inn the form yyou
wouuld expect to see in tthe real exxamination,, however, it is a goood learning
exeercise.

Thee following trial balannce has been extracteed from thee ledgers oof JKL at
31 March 20XX3:

$ $
Sales (all on ccredit) 647,4000
Inveentory (1 AApril 20X2)) 15,,400
Traade receivaables and ppayables 82,,851 41,9336
Purrchases (all on creditt) 321,,874
Carrriage in 13,,256
Carrriage out 32,,460
Eleectricity 6,,994
Loccal businesss tax 8,,940
Waages and salaries 138,,292
Posstages andd stationeryy 6,,984
Rennt 14,,600
Sales tax conntrol 16,3882
Emmployees’ inncome tax control 4,7336
Motor vehiclees
AAt cost 49,,400
CCumulativee depreciattion 21,2440
Bannk deposit account 90,,000
Bannk current account 77,,240
Orddinary sharres of $1 eeach 50,0000
Rettained earnnings 76,5997
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858,,291 858,2991
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