PABF CA3 July 202...
Appendix A
Answer Ali-gnetiens
Quantant mats)
Ms. Kirn operates an IIR consulting firm in Cecil Street, Singapore. The following are transactions for March 2024.
(a) Kirn started her businese with from her personal savings fund and deposited the money into a business bank account.
(b) Office equipment of was bought on credit from Votech Computer Supplies Pte Ltd, Singapore.
(c) Oftice furniture at fittings of was bought from Amercis Pte Ldd. Singapore. She paid half the amount with a personal cheque, and the remainder will be paid one month later.
(d) Kin issued a business cheque of to pay office rent.
(e) An invoice of was sent to AFON IT Pte Ltd for staff recruitment and selection process services offered. No payment has been received yet.
(f) She took a bank loan of for business purposes.
(g) Kira issued a personal cheque to pay salaries of to her employees.
(h) She withdrew cash from the bank for personal use.
(i) An invoice was issued to Royal Interiors Singapore, payment of to be received two months later.
(f) Amercis Pte L-d was paid with a cheque for the remaining balance.
(k) She purchased a used motor vehicle for , paid by cheque and took a bank loan for the remainder.
(1) Kire rented eur part of her office space to Ms Emiley, receiving a cheque of as an office rental.
(m) Kira issued a personal cheque of to pay for her son's school fees.
2
Required:
(i) For each of the above transcactions, write the accemats and amounts to be sctited and credited.
(22 marks)
(ii) Compute the total revenus for the month of March 2024 of Kira's HR basincss. (Werkings are to be showe dearly).
(3 maks)
(Total: 25 marks)
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