Level 3 Certificate in Bookkeeping Skills Check

Introduction

Level 3 Certificate in Bookkeeping Skills Check

This assessment contains 5 Tasks and you should attempt EVERY Task.

Read each task carefully to make sure you understand what is required.

Both minus signs and brackets can be used to indicate negative numbers UNLESS the task states otherwise.

Numerical answers MUST NOT include any blank spaces and you MUST use a full stop to indicate a decimal point. For example, write 999.99 and NOT 999,99 or 999 99.

You may use a comma to indicate thousands, but you don’t have to. For example, 150000 and 150,000 are both acceptable.

Once saved, you will be able to restore or remove your most recent data should you need to reload the assignment at a future point.

Details

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Task 1

Here are the cashbook totals at the end of January 20XX:

DR - Receipts Payments - CR Cashbook Totals
Cash	Bank	VAT	Trade Receivables	Cash Sales		Cash	Bank	VAT	Trade Payables	Cash Purchases
£622	£4,230	£80	£26,104	£400		£622	£4,230	£40	£12,325	£200

The cashbook forms part of the double entry system. Show the entries needed for the general ledger:

Account Name	Amount	Debit / Credit
	£
	£
	£
	£
	£
	£

Task 2

Premier Trading pays its employees through the bank every month and maintains a wages control account. A summary of last month’s payroll transactions is shown below.

Item	Amount
Gross wages	£200,000
Income Tax	£27,122
NIC Employee	£21,789
NIC Employer	£16,228
Pension Employee	£10,000
Pension Employer	£10,000

Record the journal entries needed in the general ledger to:

Task 2a

Record the wages expense.

Account Name	Amount	Debit / Credit
	£
	£

Task 2b

Record HMRC liability.

Account Name	Amount	Debit / Credit
	£
	£

Task 2c

Record net wages paid to the employees.

Account Name	Amount	Debit / Credit
	£
	£

Task 2d

Record the pension fund liability.

Account Name	Amount	Debit / Credit
	£
	£

Task 3

Here are two general ledger accounts.

DR CR Receivables Ledger Control
Date	Details	£	Date	Details	£
01/09/2017	Balance b/d	23,104	12/09/2017	Bank	21,050
30/09/2017	SDB	14,469	30/09/2017	Balance c/d	16,523
	Total	37,573		Total	37,573

DR CR Payables Ledger Control
Date	Details	£	Date	Details	£
15/09/2017	Bank	1,050	01/09/2017	Balance b/d	16,300
30/09/2017	Balance c/d	26,353	30/09/2017	PDB	11,103
	Total	27,403		Total	27,403

Here is the rest of the trial balance as at 30^st September 2017:

Task 3a

Transfer appropriate balances for the Receivables and Payables ledger accounts to the trial balance.

Task 3b

Enter the remaining balances listed to the correct side of the trial balance and then total both columns.

Account Name	Balance	Debit	Credit
Admin expenses	£28,731	£	£
Bank (debit balance)	£4,620	£	£
Capital	£20,000	£	£
Motor Vehicle	£23,500	£	£
Purchases	£141,232	£	£
Payables Ledger control		£	£
Rent and rates	£11,250	£	£
Sales	£195,147	£	£
Receivables ledger control		£	£
Travel Expenses	£15,644	£	£
TOTALS		£	£

Task 4

Startop’s initial trial balance includes a suspense account balance of £100.

The error has been traced to the Purchases Returns Day Book shown below.

Purchases Returns Day Book
Date	Details	Credit note returns	Total	VAT	Net
30^th May	Smugs Ltd	CN586	£1,200	£200	£1,000
30^th May	Kiki Traders	RT27	£720	£120	£600
30^th May	Mannering Bros	ER239	£840	£140	£700
TOTAL			£2,760	£560	£2,300

Identify the error and record the journal entries needed in the general ledger to:

Remove the incorrect entry.

Account Name	Amount	Debit	Credit
	£

Record the correct entry.

Account Name	Amount	Debit	Credit
	£

Remove the suspense account balance.

Account Name	Amount	Debit	Credit
	£

A payment by cheque for window cleaning for £125.00 has been entered in the relevant accounts as £152.00. The window cleaner is not registered for VAT.

Record the journal entries needed in the general ledger to remove the incorrect entry.

Account Name	Amount	Debit	Credit
	£
	£

Record the journal entries needed in the general ledger to record the correct entry.

Account Name	Amount	Debit	Credit
	£
	£

Task 5

Task 5a

Select the correct words which are missing in the sentences below.

are two directors who want to discuss

proposals.

coming to see you this afternoon.

Task 5b

Select the correct words which are missing in the sentences below.

Over the past

years,

too many transactions have been posted

the Sundry Expenses a/c.

Task 5c

Select the correct word to complete the sentence.

It was not clear

the business would make a profit this year.

Task 5d

Select the correct word to complete the sentence.

The directors wished they could

done better.

Submit

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