GRADE 10 Z PRINCIPLES OF ACCOUNTS REVISION ASSIGNMENT

Q1
From the following transactions, you are required to write up the Sales Day Book for Bubala
Jan 1 2014 Sold the following on credit to M Simwaba:
30 boxes of Boom at K200.00 per box
20 boxes of chilk soap at K100.00 per box
Less 20% trade discount
Jan 15 2014 Sold goods on credit to Chibata worth K7,000.00 less 10% trade discount
Jan 28 2014 Mubita bought goods on credit from Bubala worth K3,000.00 net

Q2
The following Sales and Purchases were extracted from the books of D Choongo during the month of May
2016 from the transaction below:
May 1 Bought goods on credit from a. Banda:
5 Kgs of sugar at K20 per Kg
3 Kgs of salt at K per Kg
May 5 Sold goods to L Hatwaabo:
5 Kgs Rice at K30
10 bags of Potatoes @ K20 each
May 10 Bought 1 Kg of Sugar from K Mwaandu at K20 on credit
May 16 Bought goods on credit from P Mwale:
2 Kgs of rice at K7 per kg
1 bag of potatoes @ K25
May 31 Sold goods on Credit to B Ngandu
20 Kgs of caster sugar at a total of K100
You are required to write up the Sales and Purchases Day Book for D choongo

Q3
You are required to write Purchases returns Day Book from the following details to determine the total
purchases returns for the month of April 2018 for Moonga
2018
April 10 Returned to Shonga Cement Plc 100 bags of cement which were bought at K60.00
each with Trade Discount of 33⅓%. The bags were under weight.
April 28 Returned to Z, Hardware 20 broken shovels at K175.00 per shovel.
50 kilograms steel at K30.00 per kilogram.

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Q4
R Phiri had the following transaction for the Returns Books for April 2019
2019
April 6 Returned assorted goods to J Mulenga Wholesaler all value at K5, 000.00 list price
Less 10% trade discount:
Reason damaged in transit
April 10 Mulilo Muleya returned:
5 2.5litres cooking oil at K44.00 each, containers not full
2 cases white sugar at K300.00/case damaged
April 12 Returned to Lekisa Wholesalers:
5 Chitenge pieces @ K28.00 each as poorly finished.
6 T-shirts @ K50.00 each as soiled along the way
All subjected to 20% trade discount.
April 20 Annah Jolezya returned
3 cases brown sugar @ k 3, 00.00 per case as underweights
Required:
You are required to prepare R Phiri’s Purchases Returns Journal Only for the month.

Q5
Using the information given below prepare a bank account only.
Sept 1 muselepete S started business with cash at bank of K42,000.00
2. Bought goods on credit K2,500.00
3 Cash sales K25,000.00
4 Bought goods by cheque K8,400.00
6 Paid L Kabwe in Cash K1,400.00
11 Received a cheque from Mwansa C K1,500.00
15 Sold goods on credit K3,200.00
16 Bought Fixture and Fittings by cheque K10,000.00
22 Paid Kabwe D by cheque K1,800.00
Pay particular attention to dates and wording

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Q6
Prepare Kinason’s Cash Book for the last week of December 2016 from the following details;
2016
December 21 Balances brought forward:
Cash in hand K2, 500.00 Bank overdraft K3, 000.00
Debtors: Kabinda M K4, 000.00, Creditors: Mumba G K7, 000.00
22 Kabinda M Paid her account owing by cheque less 5% cash discount
24 Paid Mumba G the amount due to him by cheque less 5% Cash discount
29 Cash sales for the week K3, 000.00 (K2, 500.00 banked direct)

Q7
The following transactions relates to the business of fyumbu, for the month of December 2020
April 1 Petty Cash balance K20, 150.0
1 the Petty cashier presented voucher to the Cashier and obtained cash to restore the
imprestK19,850.00
5 Bought stamps K2, 000.00
7 Paid taxi fares K4, 000.00
19 Bought envelops K1, 500.00
25 Received cash for personal telephone calls K5, 000.00
27 Bought petrol K12, 500.00
27 Paid cash for sugar K500.00
Required: with the following analysis column: Postage, Stationery, Transport and General.
Prepare Fyumbu’s Petty Cash book and balance it off.

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Q8
The following details were taken from the books of C. Kaumba in the month of June,
2017.
K
June 1 Imprest for the month 1 000.00
5 paid for postage stamps 50.00
6 Bought envelopes 30.00
10 Bought disinfectants 150.00
11 Cost of sending a parcel 25.00
18 paid for a taxi fare 35.00
22 Bought washing powder 118.00
26 Cost of bus fare 75.00
28 Bought reams of paper 330.00
Required to: Draw up C. Kaumba's Petty Cash Book using the following analysis
column headings: Stationery, Postage, Transport and Cleaning and restore the Imprest.
NB: Your starting point for petty cash voucher (PCV) numbers should be 10.

Q9
Michelo Daka commenced business on 1 January, 2018 with a Pick-up Motor Van valued at K137, 500.00:
Land Valued at K70, 000.00 and Cash at Bank K150, 000.00. Daka also owed his sister Tandiwe K14,
000.00 he had borrowed from her for business use.
Required:
Show Michelo Daka’s opening Journal Entry at 1 January, 2018 and calculate the capital. Show the correct
title of the Journal and the date
Q 10
From the particulars given below, prepare J Zulu’s Opening Journal entry for calculation of capital as at 1st
January 2017
Delivery Van K11, 200.00
Office equipment K500.00
Stock of Stationery K600.00
Debtors K3, 900.00
Creditors K2, 700.00
Cash K800.00
Bank K2, 200.00
Loan K4, 000.00