15 marksClassification of Accounts and Ledger Posting

CSEC Principles of Accounts · May/June 2013 · Paper 2 · Question 7(b)(ii)

In EACH account opened, record the transactions which affect that account. Balance the accounts at the end of the month.

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7(a)From the given transactions, identify ONE item of revenue expenditure and ONE item of capital expenditure for Bacolet Gray.[2 marks]
7(b)(i)Open the T-accounts in the appropriate ledgers for: a) S. Francis, b) V. Taylor, c) Bank.[3 marks]

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