CHUO EDUCATIONAL ESTABLISHMENT EXAMINATION BOARD (CEEEB)

SECOND TERM EXAMINATION

SUBJECT ACCOUNTING Time: 2hrs
CLASS FORM TWO DATE:
NAME
Part one: MCQS (30 marks)
Instruction: Mark an (X ) on the letter that corresponds to the correct answer. If you mark more than one
answer, you will score no mark. In case you intend to change your answer, neatly cancel the first answer and
mark the new answer.
1) Which if the following trial balances is movement of 2,175,000 CFAF and a
strongly recommended by the OHADA credit movement of 3,000,000 CFAF.
Accounting system? The closing balance of the cash account
A) Two column trial balance is:
B) Four column trial balance A) 2,325000
C) 6 column trial balance B) 675,000
D) 8 column trial balance C) 6,675,000
2) The credit purchase of an industrial D) 825,000
machine is recorded in the classical 9) DANKOTTE Cement Factor is an example
journal as follows: of
A) Debit account 601 and credit 401 A) Enterprise of the tertiary sector
B) Debit account 241 and credit 401 B) Enterprise of the secondary sector
C) Debit account 241 and credit C) Enterprise of the primary sector
account 481 D) All of the above
D) Debit account 401 and credit 301 10) ENEO is a
3) According to ownership, enterprises are A) Private enterprise
classified into B) Public enterprise
A) Private, para- public and public C) Para- public
B) Primary, secondary and tertiary D) None of the above
C) Big, medium, and small 11) Source of funds is
D) None of the above A) Where the enterprise gets its capital
4) A credit bank balance on the trial B) How the uses it capital
balance on the trial balance signifies: C) When an enterprise uses it capital
A) Excess cash with the bank D) All of the above
B) No cash with the bank 12) The full meaning of OHADA is:
C) Error committed in the trial balance A) Organization and Harmonization of
D) Bank overdraft African Business Law
5) It is not a factor of production B) Organization for the Harmonization
A) labour of African Duties and Activities
B) capital C) Organization and Harmonization
C) interest Business Law in Africa
D) land D) Organization for the Harmonization
6) The main object of an enterprise is to of Business Law in Africa
A) Produce goods and service 13) Which one of the following best
B) Supplies goods and services described the OHADA Accounting Plan?
C) Make profit A) A document containing number of
D) All of the above some accounting elements
7) A tertiary enterprise is one who B) A document showing the code of
A) Renders services any account in a given class
B) Sales manufactured goods C) A small book used to record
C) Transform raw materials to finished business transactions in the journal
goods D) A booklet used to refer the code of
D) Sells services for profit making some items
8) The cash account of an enterprise has 14) OHADA came into force in Cameroon
an opening balance of 1,500,000 CFAF. on:
This account has recorded a debit A) 17th October 1993
 B) 1st January 2001 B) Promote arbitration and unify
C) 1st January 1993 business law in Africa
D) 17th October 2001 C) Modify and unify accounting
15) Which of the following countries is not a practices and conventions in Africa
party to the OHADA treaty? D) Implement a unique accounting
A) Senegal system in Africa
B) Comoros
C) Chad Erica enterprise received the
D) France following invoice from Jackson
16) One of the major objectives of the enterprise
OHADA is to: Erica enterprise received the
A) Stop arbitration and unify business following invoice from Jackson
law in Africa enterprise

JACKSON ENTERPRISE
P.O.BOX DOUALA

ERICA ENTERPRISE
INVOICE NUMBER 781
P.O. BOX 143 YAOUND
Gross amount 1,000,000
Trade discount 10% 100000
commercial net 900,000
cash discount 5% 45000
Financial nets 855,000
VAT 164587.5
NET Payable 1,019,588
Means of payment: By cheque
17) What amount is recorded by Erica 19) What amount is recorded by Jackson
enterprise in her book in account 601 enterprise in his book in account 701 is
A) 900,000 CFAF A) 900,000 CFAF
B) 1,000,000 CFAF B) 1,000, 000 CFAF
C) 800,000 CFAF C) 855,000 CFAF
D) 855,000 CFAF D) 1019588 CFAF
18) The cash discount on the invoice is 20) What amount is recorded by Jackson
A) 855,000 CFAF enterprise in his book in account 521
B) 900,000 CFAF A) 1,000,000 CFAF
C) 100,000 CFAF B) 1,019,588 CFAF
D) 200,000 CFAF C) 900,000 CFAF
D) 855,000 CFAF

Part 2: STRUCTURAL (40 marks)

During the month of February 2022, the following transactions took place in Desmond
enterprise:
01/02/2022 cash purchases of goods 500,000 CFAF by cheque
05/02/2022 purchase transport equipment by cheque 3,000,000 CFAF
14/02/2022 sold goods by cash 500,000CFAF
25/ 02/2022 sold goods by cheque 4,000,000CFAF
26/02/2022 paid transport in cash 15000 CFAF
18/02/2022 paid electricity by cash 100,000CFAF
Work required
a) Record the above transactions in the classical journal of enterprise Desmond
b) Post to the ledger
c) Post in a 2 column trial balance