These Papers contain easy questions intermixed with others of greater difficulty. The object has been to enable candidates moderately acquainted with the subjects to show sufficient knowledge, and at the same time to afford an opportunity for the display of better acquaintance with the subjects where it has been acquired. 1856. Jan. 15. Received of Rushbell and Co. Interest on 100l. for 3 days 08 2 Interest on 1647. 11s. for 12 days Lent Jones, Son and Co. on Warrant of Surat Jan. 16. Received of Thomas Smith 250 0 0 500 14 5 £500 0 0 0 14 5 Lent James Parker on Bill of Landing of Jan. 17. Received of Thomas Jackson Jan. 29. Received of Jones, Son, and Co. 320 0 0 40 0 0 135 0 0 Jan. 30. Lent James Smith on Brandy per Jane" Feb. 7. Paid John Brown for new Office Desk Feb. 11. Received of Thomas Jackson viz Balance of Loan Interest on 401. for 5 days - Received of John Smith as composition for a 15 0 0 No. 3. 1. What is book-keeping by double entry, and why is it so called? 2. What books are used in double entry? 3. Could any of the books you have named be dispensed with, and which? Which of them is necessary to any system of bookkeeping? These Papers contain easy questions intermixed with others of greater difficulty. The object has been to enable candidates moderately acquainted with the subjects to show sufficient knowledge, and at the same time to afford an opportunity for the display of better acquaintance with the subjects where it has been acquired. 4. Every transaction must be between two persons; J. Smith makes an entry "R. Brown Dr. to Goods," who are the two persons interested in the transaction so recorded? 5. On which side of a Cash Book should amounts paid away be entered; on which side must the balance always fall? 6. What is called the balance of an account? When is an account said to be "balanced ?" What is it to balance the Ledger in double entry? What is a trial balance? and a balance sheet? 7. An agent receives from a merchant abroad authority to purchase goods for him in this country, and he buys of A. 250l. worth, of B. 3007. worth, and of C. 95l. worth, and pays for them with bills drawn on his correspondent. He is to receive 51. per cent. commission on his purchases. Give a copy of the account which it would be necessary to send to the merchant. 8. The following is an a/c of all the transactions with J. Smith on May 13: Allowed dock charges on goods sold to James Smith 2 3 6 of a/c. Give a copy of his acct in my ledger. SPECIMENS OF EXAMINATION-PAPERS IN BOOK-KEEPING Set to candidates for Temporary and Dockyard Clerkships in the Admiralty. Returned to J. Taylor: Less dock charges to be paid by me 22 12 0 0 3 4 Accepted Bill drawn by John Taylor at 3 months (and took his receipt as for balance of a/c) - 21 0 0 1. State what books these transactions would be recorded in, and which would be placed in each. 2. Give a copy of J. Taylor's a/c in my Ledger after the requisite entries have been made in it. 3. Give a similar copy of my a/c in J. Taylor's Ledger. These Papers contain easy questions intermixed with others of greater difficulty. The object has been to enable candidates moderately acquainted with the subjects to show sufficient knowledge, and at the same time to afford an opportunity for the display of better acquaintance with the subjects where it has been acquired. 4. Sold to James Doyle : 2 chests Oolong Tea, 79 lbs. nett @ 1s. 8d. 8 boxes Pearl Leaf Gunpowder, 9 lbs. each 5. Sold to Robert Wilmot : 2 chests Flowery Pekoe, 131 lbs. net @2s. 6d. 17. Sold to George Walters: 44 17 9 6 11 8 12 12 0 16 7 6 Make entries of these in all the books necessary. 10 0 0 No. 3. 1. From the subjoined list of transactions construct (1) a Sales' Book or Day Book, (2) a Cash Book, and (3) an Invoice Book ; and post all the entries into the Ledger : 1856. These Papers contain easy questions intermixed with others of greater difficulty. The object has been to enable candidates moderately acquainted with the subjects to show sufficient knowledge, and at the same time to afford an opportunity for the display of better acquaintance with the subjects where it has been acquired. 20. Accepted draft of R. Jacobs and Son, at 2 months. 62 10 0 2. Would any books beyond those above named be required to record these transactions by Double Entry? If so, name them, and give the entries which it would be necessary to make in them; also give a copy of the additional ledger a/cs. which would be necessary. No. 4. The Candidate is requested to observe— 1. That accuracy in copying is of great importance. 2. That no fair copy of the answers is to be made, but that the entries are to be written at once into the books provided. 3. That the calculations given in this paper may be accepted as correct, and need not be checked. 4. That nothing which is not strictly in answer to the questions proposed will be examined or marked for. 5. That the questions should be answered in the order in which they are given. 1. Write the following transactions into the books provided, putting all Goods sold into the Day Book. Goods bought into the Invoice Book. Transactions involving Cash or Discount } into the Cash Book. These Papers contain easy questions intermixed with others of greater difficulty. The object has been to enable candidates moderately acquainted with the subjects to show sufficient knowledge, and at the same time to afford an opportunity for the display of better acquaintance with the subjects where it has been acquired. 1857. July 1. Cash in hand. Bought of Jones and Son 40 bags cotton, 13,728 lbs. 264 11 0 Paid wages and petty expenses of June 13 7 5 6. Paid Jones and Son 264 11 0 7. Sold J. Smithson 10 bags cotton, 7,368 lbs. at 6d. 184 4 0 Lot 8. Bought of Peak and Co.: 2 lots Surat cotton : 21 13 6 43 11 5 9. Sold Beale and Co. 6 bales Surat, 2,102 lbs. 33d. 32 16 10 10. Sold John Parker 12 bags cotton, 3,102 lbs. at 43d. 54 2 6 14. Sold James Westhead 18 bags cotton, 3,258 lbs. 19. Sold Holroyd and Swindells 3 bales Surat, 1043 2. Post the same transactions from the books given above into the Ledger in the manner called "Single Entry." |