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MUF0022 Test2 Sample AB

This document provides instructions and questions for a sample accounting skills and application test. It includes 5 multiple choice questions worth a total of 30 marks, or 15% of the student's overall grade. The test covers topics like journal entries, adjusting entries, posting to accounts, and preparing a post-adjustment trial balance. It directs students to show their work, explain their answers, and write clearly and in the English language.

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46 views

MUF0022 Test2 Sample AB

This document provides instructions and questions for a sample accounting skills and application test. It includes 5 multiple choice questions worth a total of 30 marks, or 15% of the student's overall grade. The test covers topics like journal entries, adjusting entries, posting to accounts, and preparing a post-adjustment trial balance. It directs students to show their work, explain their answers, and write clearly and in the English language.

Uploaded by

eldrianxu18
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 7

MONASH UNIVERSITY

FOUNDATION YEAR

Name:

MUF0022 ACCOUNTING Student ID:


Date:
SKILLS AND APPLICATION TEST 2
Teacher:
SAMPLE TEST: ANSWER BOOKLET

Task Type Test 2

Overall Contribution 15% (30 marks)

Supervised under test conditions.


Scientific calculator allowed (non-programmable).
Assessment No additional information or papers to be taken into the room.
Conditions
Candidates must write clearly and in English.
Answer all questions in the separate Answer Booklet provided.

Duration 50 minutes

MARKS

TOTAL
QUESTION 1 QUESTION 2 QUESTION 3 QUESTION 4 QUESTION 5 %
MARKS

/4 /5 /6 /7 /8 /30 %
Question 1 (4 marks)

a. Calculate
2 marks

Calculation

Insurance Expense $

b. Explain
2 marks

Explanation

Page 2 of 7
Question 2 (5 marks)

a. Show (a narration is required).


3 marks

General Journal

Date General Ledger


Details
2019 Debit Credit

b. Explain
2 marks

Explanation

Page 3 of 7
Question 3 (6 marks)

a. Record (a narration is not required).


3 marks

General Journal

Date General Ledger


Details
2019 Debit Credit

Sales Journal
Date Invoice
Debtor Cost of Sales Sales
2019 Number

b. State the effect (if not recorded).


3 marks

Element Overstated/Understated/No effect Amount $

Assets

Liabilities

Owner’s Equity

Page 4 of 7
Question 4 (7 marks)

a. Post
2 marks

Accrued Interest Revenue (A)


Date Date
Cross-Reference Amount Cross-Reference Amount
2018 2018
Dec 1 Balance 7 500

Interest Revenue (R)


Date Date
Cross-Reference Amount Cross-Reference Amount
2018 2018

b. State (Provide a reason for your answer).


2 marks

State

Reason

Page 5 of 7
c. Complete
3 marks
Cash Receipts Journal
Date Debtors Cost of
Details Rec. No. Bank Sales Sundries
2019 Control Sales

Page 6 of 7
Question 5 (8 marks)

a. Prepare
8 marks

Ashani’s Saris
Post-adjustment Trial Balance as at 31 December 2018
Account Debit $ Credit $

Bank

Capital

Cost of Sales

Creditors Control

Debtors Control

Drawings

Prepaid Advertising

Prepaid Rent Revenue

Prepaid Sales

Rent Expense

Sales

Shop Fittings

Stock Control

Term Deposit

Wages

Totals

END OF ANSWER BOOKLET

Page 7 of 7

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