a. Identify three books of account from which entries are made into control accounts

b. State two uses of control accounts

c i. List four items each which would be recorded on the debit side of:

-Purchases Ledger Control Account

c ii. List four items each which would be recorded on the debit side of:

- Sales Ledger Control Account

a. What is goodwill?

b. List four items of recurrent expenditure for a local government

c. Explain the three types of inventory in manufacturing account

a i. Explain the following terms:

Accumulated Fund

a ii. Explain the following terms:

Statement of Affairs

b. List five sources of income for a not-for-making organization

c. State three differences between Receipts and Payments Account and Income and Expenditure Account

a. List three accounts prepared by the head office for the branch

b. Explain two methods of accounting for goods sent to branch

c. State four reasons for preparing departmental accounts

a. The cash book of Dupe Enterprises showed an overdrawn balance of #216,126 and her bank statement also showed #905,625 overdrawn. On 31/12/2016, a detailed examination of the records showed the following differences:

(i) A cheque drawn for #697,550 had been entered in the cash book as #365,050.

(ii) A standing order of #420,000 and bank charges of #8,750 entered in the bank statement has not been recorded in the cash book.

(iii) Bank lodgment of #1,922,375 on 27th December 2016 has not been credited by the bank.

(iv) Dividend received of #315,000 had been recorded in the bank but not entered in the cash book.

(v) Cheques paid to suppliers totalling #1,165,500 has not been presented for payment.

(vi) A cheque for #700,000 received from Tunde was dishonoured by the banki but no entry had been made in the cash book.

(vii) A cheque of #256,813 received from a customer was entered as a payment in the cash book.

(viii) A cheque for #350,000 recorded in Dupe Enterprises cash book had been credited by the bank to Dudu Enterprises' account.

(ix) An amount of #1,050,000 received from customer was paid directly to Dupe Enterprises account but no entry was made in the cash book.

You are required to prepare:

Dupe Enterprises Adjusted Cash Book

b. The cash book of Dupe Enterprises showed an overdrawn balance of #216,126 and her bank statement also showed #905,625 overdrawn. On 31/12/2016, a detailed examination of the records showed the following differences:

(i) A cheque drawn for #697,550 had been entered in the cash book as #365,050.

(ii) A standing order of #420,000 and bank charges of #8,750 entered in the bank statement has not been recorded in the cash book.

(iii) Bank lodgment of #1,922,375 on 27th December 2016 has not been credited by the bank.

(iv) Dividend received of #315,000 had been recorded in the bank but not entered in the cash book.

(v) Cheques paid to suppliers totalling #1,165,500 has not been presented for payment.

(vi) A cheque for #700,000 received from Tunde was dishonoured by the banki but no entry had been made in the cash book.

(vii) A cheque of #256,813 received from a customer was entered as a payment in the cash book.

(viii) A cheque for #350,000 recorded in Dupe Enterprises cash book had been credited by the bank to Dudu Enterprises' account.

(ix) An amount of #1,050,000 received from customer was paid directly to Dupe Enterprises account but no entry was made in the cash book.

You are required to prepare:

Bank Reconciliation Statement as at 31st December 2016