Accounting Level II - Third Term Assignement I
Accounting Level II - Third Term Assignement I
TVET PROGRAM
INSTITUTIONAL SUMMATIVE MODEL COC ASSESSMENT (20 %)
KNOWLEDGE AND PRACTICAL PACKAGE
ASSIGNMENT ONE
Trainee’s Name:
ID No.:
Occupation/Department: Basic Account Works
Section:
Entry & Level: 2012 E.C Entry , Level II Trainees’
Please Circle On Your Division: Regular, Extension , Weekend
Please Write your trainer’s name:
Lists of unit of competencies covered EIS BAW 2 08 0812 Develop and use a personal budget
in this assessment:
EIS BAW 2 09 0812 Develop and use a saving plan
EIS BAW 2 10 0812 Develop Understanding of Debt and
Consumer Credit
CAMPUS :
Sector Infra structure
Sub sector Business and finance
Occupational standard Basic Account Works (BAW) level II
General Directions:
Deartrainee, in doing your individual assignment successful, you have to:-
Devote your time and submit the assignment up on the schedule.
Create interdependence and build individual responsibility and accountability.
Use your comprehension to complete the assignment.
Examine your capacityfor COC exam by doing this assignment by yourself.
Explain your idea briefly and clearly, neatness is expected.
You can refer your note book and different supporting resources.
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Be Beautiful! Be Smart! Be Stylish! But, Protect Yourself From covid-19!
Project one:
The following data is given for personal income expenditures plan and actual expenditures of
Ato Chala Desta for the month of Sene 2011 E.C
S/No Descriptions Estimated Budget Sene 2011 Actual Budget Sene 2011
1 Food &Related Cost 3,000 3,100
2 Clothing 1,950 1,700
3 Salary 5,400 5,400
4 House Rent 2,000 2,000
5 Par time 2,500 2,200
6 School Fee 1,650 1,650
7 Utility Fee 1,050 1,050
8 Personal Saving
Task 1.1. Prepare Budget report for the month of Sene 2011
Task 1.2. Prepare personal budget performance report for the month of Sene 2011
Task 1.3. Calculate the budget and Actual personal saving percentage and what are the
advantage of saving in general?
Task 1.4. Assume Ato Chala Desta borrowed birr 200,000 to be repaid at a lump sum at one
year with in interest rate 12% of per annual . Calculate total amount that should be collected
from Ato Chala Desta at the end of the year.
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Project Two: Coca- Cola Company want to invest for expansion of existing products in Sebeta
Town. The total Capital needed for expansion of the project birr 9 million to achieve the plan 25%
of the capital covered by loan from Commercial bank of Ethiopia .The company agreed to
borrowed loan at interest rate 13 % paid monthly at equal installment for Five years and service
charge 6% the total loan amount equally distributed for five year.
Task 2.1. Calculate the total interest expense &service charge at the end of the first year
Task 2.2. Calculate the total service charge at the end of the five year