These slides are used to demonstrate the traditional Q1 Paper 2 19/05/2019 CHAPTER 38 Revision These slides are used to demonstrate the traditional Q1 Paper 2 Textbook Qs 2, (page 349) and 12 (page 355) This is the Title Slide R. DELANEY

Q2 Page 349, Textbook Purchases Book Date Details F Net € VAT € R. Delaney Q2 Page 349, Textbook Purchases Book Date Details F Net € VAT € Total € 2/10/10 L. Lyons Ltd Inv. No. 82 CL1 17,000 3,570 20,570 7/10/10 Q. Quinn Ltd Inv. No. 54 CL2 28,000 5,880 33,880 13/10/10 L. Lyons Ltd Inv. No 93 CL1 56,000 11,760 67,760 15/10/10 Q. Quinn Ltd Inv. No 64 CL2 65,000 13,650 78,650 166,000 34,860 200,860 GL1 GL4

Q2 (cont) Purchases Returns Book Date Details F Net € VAT € Total € R. Delaney Q2 (cont) Purchases Returns Book Date Details F Net € VAT € Total € 4/10/10 L. Lyons Ltd Credit Note No. 34 CL1 7,000 1,470 8,470 12/10/10 Q. Quinn Ltd Credit Note No. 39 CL2 14,000 2,940 16,940 21,000 4,410 25,410 GL2 GL4

Entire Analysed Cash Book R. Delaney Entire Analysed Cash Book For better display purposes the Dr and the Cr sides of the Analysed Cash Book are shown separately on the next 2 slides ANALYSED CASH BOOK Date Details R Bank Sales VAT Capital Ch Purchas Wage Creditor 2010 € 1/10 Shareholders 78,000 8/10 Cash purchases 32 15,730 13,000 2,730 4/10 Cash sales 18,150 15,000 3,150 10/10 Wages 33 580 19/10 L. Lyons Ltd 34 10,000 22/10 Q. Quinn Ltd 35 30/10 Balance c/d 54,840 96,150 25,000 GL3 GL4 GL5 GL1 GL6 1/11 Balance b/d

Dr side of Analysed Cash Book R. Delaney Dr side of Analysed Cash Book Date Details Rcpt Bank Sales VAT Capital 2010 € € € € 1/10 Shareholders 78,000 78,000 4/10 Cash sales 18,150 15,000 3,150 _____ _____ _____ _____ 96,150 15,000 3,150 78,000 GL3 GL4 GL5 1/11 Balance b/d 54,840

Cr side of Analysed Cash Book R. Delaney Cr side of Analysed Cash Book Date Details Chq Bank Purchases VAT Wages Creditors 2010 € € € € € 8/10 Cash purchases 32 15,730 13,000 2,730 10/10 Wages 33 580 580 19/10 L. Lyons Ltd 34 10,000 10,000 22/10 Q. Quinn Ltd 35 15,000 15,000 31/10 Balance c/d 54,840 ______ ____ ____ ____ 96,150 13,000 2,730 580 25,000 GL1 GL4 GL6

Q2 (cont) General Ledger R. Delaney Q2 (cont) General Ledger Purchases A/C (1) Date Details F € Date Details F € 31/10/10 Sundry creditors PB1 166,000 31/10/10 Balance c/d 179,000 31/10/10 Bank CB1 13,000 _____ 179,000 179,000 1/11/10 Balance b/d 179,000 Purchases Returns A/C (2) Date Details F € Date Details F € 31/10/10 Sundry Creditors PRB1 21,000 Sales A/C (3) Date Details F € Date Details F € 31/10/10 Bank CB1 15,000

Q2 (cont) General Ledger R. Delaney Q2 (cont) General Ledger VAT A/C (4) Date Details F € Date Details F € 31/10/10 As per cash book CB1 2,730 31/10/10 As per cash book CB1 3,150 31/10/10 Sundry creditors PB1 34,860 31/10/10 Sundry creditors PRB1 4.410 _____ 31/10/10 Balance c/d 30,030 37,590 37,590 1/11/10 Balance b/d 30,030 Capital A/C (5) Date Details F € Date Details F € 31/10/10 Bank CB1 78,000 Wages A/C (6) Date Details F € Date Details F € 31/10/10 Bank CB1 580

Q2 Creditors Ledger L Lyons Ltd A/C (1) Date Details F € Date Details R. Delaney Q2 Creditors Ledger L Lyons Ltd A/C (1) Date Details F € Date Details F € 4/10/10 Returns PRB1 8,470 2/10/10 Purchases PB1 20,570 19/10/10 Bank CB1 10,000 13/10/10 Purchases PB1 67,760 31/10/10 Balance c/d 69,860 _____ 88,330 88.330 1/11/10 Balance b/d 69,860

Q2 Creditors Ledger Q. Quinn Ltd A/C (2) Date Details F € Date Details R. Delaney Q2 Creditors Ledger Q. Quinn Ltd A/C (2) Date Details F € Date Details F € 12/10/10 Returns PRB1 16,940 7/10/10 Purchases PB1 33,880 22/10/10 Bank CB1 15,000 15/10/10 Purchases PB1 78,650 31/10/10 Balance c/d 80,590 _____ 112,530 112,530 1/11/10 Balance b/d 80,590

Q2: Trial Balance TRIAL BALANCE AT 31/10/10 Dr € Cr € Bank 54,840 R. Delaney Q2: Trial Balance TRIAL BALANCE AT 31/10/10 Dr € Cr € Bank 54,840 Purchases A/C 179,000 Purchases returns A/C 21,000 Sales A/C 15,000 VAT A/C 30,030 Capital A/C 78,000 Wages A/C 580 L. Lyons Ltd A/C 69,860 Q. Quinn Ltd A/C _______ 80,590 264,450 264,450

Share Capital = Assets minus liabilities at 1/4/10 R. Delaney Q12 General Journal General Journal at 1/4/10 Date Details F Dr € Cr € 1/4/10 Motor vehicles GL1 200,000 Debtor, G O’Hara Ltd DL1 30,000 Bank CB1 56,000 Creditor, N Garvey Ltd CL1 44,000 Share Capital = Assets minus liabilities at 1/4/10 = €230,000 minus €100,000 = €130,000 Share Capital GL2 _______ 130,000 Being the assets, liabilities and share capital at 1/4/10 230,000 230,000

Q 12: Credit Transactions R. Delaney Q 12: Credit Transactions Sales Book Date Details F Net € VAT € Total € 2/4/10 G . O’Hara Ltd Inv. No 34 DL1 76,000 15,960 91,960 76,000 15,690 91,960 GL3 GL6 Sales Returns Book Date Details F Net € VAT € Total € 4/4/10 G . O’Hara Ltd Cr. Note No 29 DL1 16,000 3,360 19,360 16,000 3,360 19,360 GL4 GL6 Purchases Book Date Details F Net € VAT € Total € 5/4/10 N. Garvey Ltd Inv. No 18 DL1 15,000 3,150 18,150 15,000 3,150 18,150 GL5 GL6

Q12 Overview of Analysed Cash Book R. Delaney Q12 Overview of Analysed Cash Book For better display purposes the Dr and the Cr sides of the Analysed Cash Book are shown separately on the next 2 slides Date Details R Bank Sales VAT Debtors Purchases Motor Vs Credis 2010 € € € 11-Apr 18,150 15,000 3,150 01-Apr Balance GJ 56,000 15-Apr G O'Hara Ltd 102,600 03-Apr Motor vehicle 16 45,000 30-Apr Balance c/d 31,585 05-Apr 17 16,335 13,500 2,835 17-Apr N Garvey Ltd 18 35,000 152,335 1/ 5/ Balance b/d 31,585

Q12: Dr side of Analysed Cash Book R. Delaney Q12: Dr side of Analysed Cash Book Date Details F Bank Sales VAT Debtors 2010 € € € € 11-Apr Sales 18,150 15,000 3,150 15-Apr G O'Hara Ltd 102,600 102,600 30-Apr Balance c/d 31,585 152,335 15,000 3,150 102,600 GL4 GL6 DL1

Q13: Cr side of Analysed Cash Book R. Delaney Q13: Cr side of Analysed Cash Book Date Details Bank Purchases VAT Motor Vs Creditors 2010 F € € € € € 01-Apr Balance GJ 56,000 03-Apr Motor vehicle 16 45,000 45,000 05-Apr Purchases 17 16,335 13,500 2,835 17-Apr N Garvey Ltd 18 35,000 35,000 152,335 13,500 2,835 45,000 35,000 1- May Balance b/d 31,585 GL3 GL6 GL1 CL1

Q 12 General / Nominal Ledger R. Delaney Q 12 General / Nominal Ledger Motor Vehicles A/C (1) Date Details F € Date Details F € 1/4/10 Balance GJ1 200,000 30/4/10 Balance c/d 245,000 3/4/10 Bank CB1 45,000 _____ 2450,000 245,000 1/5/10 Balance b/d 245,000 Share Capital A/C (2) Date Details F € Date Details F € 1/4/10 Balance 130,000

Q12 (cont) General / Nominal Ledger R. Delaney Q12 (cont) General / Nominal Ledger Sales A/C (3) Date Details F € Date Details F € 30/4/10 Balance c/d 91,000 30/4/10 Sundry Debtors SB1 76,000 ______ 30/4/10 Bank CB1 15,000 91,000 91,000 1/5/10 Balance b/d 91,000 Sales Returns A/C (4) Date Details F € Date Details F € 30/4/10 Sundry debtors 16,000

Q12 (cont) General / Nominal Ledger R. Delaney Q12 (cont) General / Nominal Ledger Purchases A/C (5) Date Details F € Date Details F € 30/4/10 Sundry creditors PB1 15,000 30/4/10 Balance c/d 28,500 30/4/10 Bank CB1 13,500 _____ 28,500 28,500 1/5/10 Balance b/d 28,500

Q12 (cont) General / Nominal Ledger R. Delaney Q12 (cont) General / Nominal Ledger VAT A/C (6) Date Details F € Date Details F € 30/4/10 Sundry Creditors PB1 3,150 30/4/10 Sundry Debtors SB1 15,960 30/4/10 Sundry Debtors SRB1 3,360 30/4/10 Bank CB1 3,150 30/4/10 Bank CB1 2,835 30/4/10 Balance c/d 9,765 ______ 19,110 19,110 1/5/10 Balance b/d 9,765

Q12 Debtors and Creditors Ledger R. Delaney Q12 Debtors and Creditors Ledger Debtors Ledger G. O’Hara Ltd A/C (1) Date Details F € Date Details F € 1/4/10 Balance GJ1 30,000 4/4/10 Sales returns SRB1 19,360 2/4/10 Sales SB1 91,960 15/4/10 Bank CB1 102,600 121,960 121,960 Creditors Ledger N. Garvey Ltd A/C (1) Date Details F € Date Details F € 17/4/10 Bank CB1 35,000 1/4/10 Balance GJ1 44,000 30/4/10 Balance c/d 27,150 5/4/10 Purchases PB1 18,150 62,150 62,150 1/5/10 Balance b/d 27,150

Q12 Trial Balance Trial Balance at 30/4/10 Dr Cr € € Bank 31,585 R. Delaney Q12 Trial Balance Trial Balance at 30/4/10 Dr Cr € € Bank 31,585 Motor vehicles A/C 245,000 Capital A/C 130,000 Sales A/C 91,000 Sales Returns A/C 16,000 Purchases A/C 28,500 VAT A/C 9,765 N. Garvey Ltd A/C ______ 27,150 289,500 289,500