Double Entry Book-keeping with Ledger Accounts — Structured Questions (Cambridge International IGCSE Accounting): Exam Questions

Mariam is a credit customer of Shahid.

The following incomplete statement of account was available on 31 August 2017.

REQUIRED

Prepare the account of Shahid as it would appear in the ledger of Mariam.

Balance the account and bring down the balance on 1 September 2017.

Mariam Shahid account

Omer is a trader.

The following transactions took place in April 2023

REQUIRED

Prepare the account for Alexander for April 2023. Balance the account and bring down the balance at 1 May 2023.

Omer Alexander account

Shvan makes payments to Giles from his bank account as well as by cash. All payments of less than $75 are made from petty cash. He provided the following information.

Prepare the account for Giles as it would appear in the books of Shvan. Balance the account at 31 March 2023 and bring down the balance at 1 April 2023.

Shvan Giles account

Seok buys and sells goods on credit. He allows a credit customer, Naomi, trade discount of 10%. All customers pay Seok by bank transfer.

The following balance was extracted from Seok’s sales ledger at 1 August 2023.

The following transactions took place in August 2023.

REQUIRED

Prepare the account for Naomi for August 2023 as it would appear in the books of Seok. Balance the account and bring down the balance at 1 September 2023.

Seok Naomi account

Logan is a trader who sells goods on credit. His year end is 30 September. Logan has provided the following information.

The provision for doubtful debts is to be maintained at 4% of trade receivables.

REQUIRED

Prepare the inventory account for the year ended 30 September 2023.

Logan Inventory account