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2 marksBooks of Original Entry and Discounts

CSEC Principles of Accounts · May/June 2017 · Paper 2 · Question 1(a)(i)

Accounting transactions and balances for May are provided for Rahali Security Enterprise, which trades security devices solely on credit.

List any two journals that would provide some of the given information.

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Other parts of this question

  1. 1(a)(ii)Prepare the Accounts Payable Control Account for Rahali Security for the month ended May 2017, clearly labelling the balancing figure.[7 marks]
  2. 1(a)(iii)Prepare the Accounts Receivables Control Account for Rahali Security for the month ended May 2017, clearly labelling the balancing figure.[4 marks]
  3. 1(b)Prepare the General Journal entries showing how these events affect the Income Statement at the end of the accounting year. (Narratives are not required.)[7 marks]

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