NYAMASHEKE WRITTEN EXAM:
ACCOUNTANT/50MARKS

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  1. The cash book of c. Nkubito showed a balance of at the bank of Rw 570 in hand on January
    1991.At the same date, bank statement balance of c.Nkubto ‘s account was Rw 446 overdrawn.
    The difference was accounted for as follows:
    a) cheques for Rw 1,555sent to creditors on 30January were not paid by the bank until 8 February
    b) cheques amounting to Rw 2,520 paid into the bank on 31 January were not credited by the bank
    until 1 January.

  1. c) A standing order for Agaciro development fund subscription of Rw 60 had been paid by the
    bank ,on 21 January but no entry had been made in the cash book.
    d) A cheque paid by c. Nkubto for rent on 15 January for 345 RWF had been entered in his cash
    book as RWF 354.
    REQURED: Amend the cash book and prepare the bank reconciliation statement as at January
    1991.
    Before the bank reconciliation statement can be prepared, the cash book balance (bank colum)
    must be amended. /15POINTS
  2. Company’s beginning inventory is $20,000 ,purchase for period are $240,000,end ending
    inventory is $30,000.How much is cost of goods sold?/15points
  1. You are given the following accounts and their balances:sales revenue:RWF 975,000;utility
    expenses:Rwf 30,000;plant and equipments:RWF 5,000,000;accumulated depreciation on plant
    and equipments:rwf 400,000;Annual depreciation on plant and equipments:50,000;rent
    expenses:rwf100,000;cost of goods sold:rwf 300,000;suppliers expenses:40,000;prepaid rent :rwf
    50,000.prepare the income statement that shows: gross profit and net profit/loss./20points
    End of EXAM !

  1. Written Test for the Position of Public
    Accountant Office at Ministry of Finance
    and Economic Planning (MINECOFIN)

    DO NOT OPEN THE EXAM KIT BEFORE YOU ARE TOLD TO DO so
    EXAM FOR CANDIDATES TO THE POST OF PUBLIC ACCOUNTANT
    Instructions for the Exam
  2. Mobiles phones or any other electronic devices MUST be switched off
  3. The written Exam accounts in total 50 Marks
  4. Duration of the Exam: 2 Hours and 30 Minutes
  5. The Candidate is allowed to start by the easiest question
  6. The Invigilator has the right to dismiss the candidate out of the hall of the Exam if the
    candidate causes trouble

WRITTEN TEST FOR SECTOR’S
ACCOUNTANT -NYARUGENGE District

QUESTON ONE/15MARKS
A vehicle had been bought by the sector for rwf 50,000,000 on February 1,2015with 8 years
expected
life. The expected salvage value after 8 years is rwf 2,000,000 through straight line deprecation
method.
Which entries will you record on September 30, 2017 in case the sector sells the vehicles for rwf
32,000,000on that day?(instruction :the accounting period ends every December 31st).
QUESTION TWO/20marks)
On December31, 2014, the following information is available to help you produce upcoming year
budget for the sector (with assumption that all budgets cover a set of 12 months starting January
1):


Year 2015 budgeted revenues (in Rwandan francs)

I T E M S QUARTER 1 QUARTER 2 Q U A R T E R 3 QUARTER 4

P r o p e r t y t a x e s 10,000,000 8,000,000 12,500,000 8,000,000

R e n t a l t a x e s 2,000,000 2,500,000 3,000,000 4,000,000

B u s i n e s s l i c e n s e t a x 12,000,000 14,000,000 15,000,000 15,500,000

Cash from sector’s auditorium hall rent 7,000,000 3,500,000 15,000,000 11,000,000

O t h e r s e c t o r s e r v i c e s 600,000 400,000 550,000 150,000

 The sector’s policy requires all taxpayers to pay 70% before the last date ending the last
month of quarter in which taxes are due, and 30% remaining before 15th of the first month
of the following quarter, whereas other cash from sector’s services is collected as services
are performed.
 The auditorium cash rent is collected in three installments, 50% in quarter by which the hall
is rented out, 30% in the next quarter and the remaining balance in the second quarter from
the quarter by which rent applied.
 The 2014 year-end receivables include property taxes: RWF 2,000,000;rental taxes :RWF
7,000,000 and
business license taxes :RWF 5,000,000.they include as well receivable accounts from hall
rent of
RWF10,000,000(Rwf7,000,000 to be collected in the first quarter ,and RWF 3,000,000 in

the second


quarter in the next year)
On the other side, the Miller Company that operates on the sector’s territory has promised to
contribute
28% of its budgeted margin of safety sales amount for each quarter, regardless changes that may
occur
in its sales budget realization, as a contribution to the sector’s development. The amount will be
deposited
on the sector’s bank account on the sector’s account on the first date of the quarter following the
quarter
of sales, include January1, 2015.
The miller company’s unity‘s sales are budged as follows for the year 2015:

QUARTER 1 QUARTER 2 QUARTER 3 QUARTER 4

UNIT SALES 9 , 0 0 0 1 0 , 0 0 0 4 , 5 0 0 8 , 0 0 0

For the year 2014, the following data are applicable for the miller company: sales price per unit:
RWF 25, unity variable cost: RWF 9; fixed expenses per quarter: RWF 30,000. The following
changes are expected in 2015: Due to quality improvement that is expected to start with January 1,
2015, the unity variable will increase by RWF 6.Moreover, for gaining a good share market, the
miller company is planning to advertise its products thought TV, the channel that it has never used
before, and the expected advertisement cost will be RWF 15,000 per quarter. The unit sales price
will remain RWF25per unit and 9,500 units have been sold all through the 4th quarter/2014.
INSTRUCTIONS:
Prepare the sector’s cash collection schedule for the upcoming year (2015) both in quarters and in
total for the year.
QUESTION THREE/(15MARKS)


The sector has just received the monthly bank statement at october31 from the bank of Kigali, and
the statement shows an ending balance of RWF 2,050,000.Listed on the statement are an sectors’
hall rent collection from a debtor of RWF 400,000;a bank service charges of RWF 12,000,two NSF
cheques totaling RWF 74,000and a RWF 9,000 charges for printed cheques. In reviewing its cash
records the sector identifies outstanding checks totaling RWF 467,000 and an October 31 deposit
in transit of RWF 1,788,000.During October ,the sector accountant has recorded a RWF290,000
issued cheque by debiting and crediting the right accounts for RWF29,000.The sector’s account
shows an October 31 cash balance of RWF 3,327,000.


REQUIRED:
Prepare the bank reconciliation at October 31

End of EXAM !

RUSIZI DISTRICT
NKANKA SECTOR

SACCO REBIMBERE NKANKA
Date : 2nd May 2017
EXAM FOR ACCOUNTANT POST

  1. From the following trial balance extracted from the books SACCO REBIMBERE NKANKA as
    on 31/12/2016 , Prepare
  2. Trading and Profit & Loss A/c
  3. Balance Sheet (20 marks)
     Cash in hand 2,000
     Capital 200,000
     Machinery 60,000
     Sales 254,800
     Stock 50,000
     Sundry Creditors 40,000
     Bills receivable 1,600
     Bank overdraft 22,000
     Sundry debtors 50,000
     Return outwards 3,000
     Wages 70,000
     Discount received 1,800
     Land 40,000
     Bills payable 1,800
     Carriage inwards 2,400
     Purchases 180,000
     Salaries 24,000
     Rent 4,000
     Postage 1,000
     Return inwards 3,200
     Drawings 10,000
     Furniture 18,000
     Interest 600
     Cash at bank 6,600
     Stock as on 31.12.2016 to 100,000
  4. After giving the meaning of business plan, Explain in summary its principal part. (10 marks)
  5. From the following information you are required to calculate depreciation rate :(20 marks)
    Cost of the Machine 30000 Rwf
    Erection Charges 3000Rwf
    Estimated useful life 10 years
    Estimated Scarp Value 3000Rwf
    GOOD LUCK!!!!!!!!!!!!!!!!!!!!!
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