Finance Question

FINANCE QUESTION

Table of Contents
MULTIPLE CHOICE......................................................................................................................3
Q1................................................................................................................................................3
Q2................................................................................................................................................3
Q3................................................................................................................................................3
Q4................................................................................................................................................3
Q5................................................................................................................................................3
Q6................................................................................................................................................3
Q7................................................................................................................................................3
Q8................................................................................................................................................3
Q9................................................................................................................................................3
Q10..............................................................................................................................................3
WRITTEN QUESTION 1................................................................................................................3
(a)Journal entries for Soda Beverages Limited for the month of January 2020.........................3
(b)Cash at bank T account as at 31/1/20.....................................................................................5
WRITTEN QUESTION 2................................................................................................................5
a...................................................................................................................................................5
b...................................................................................................................................................6
c. Difference among post-closing trial balance and adjusted trial balance.................................6
QUESTION 3...................................................................................................................................7
(a) The purpose and importance of ratios in analysis of financial statements............................7
(b) Movement of ratios...............................................................................................................7
Profitability:.....................................................................................................................................7

MULTIPLE CHOICE
Q1.
b
Q2.
b
Q3.
c
Q4.
a
Q5.
c
Q6.
c.
Q7.
c.
Q8.
d.
Q9.
d.
Q10.
b
WRITTEN QUESTION 1
(a)Journal entries for Soda Beverages Limited for the month of January 2020
Date Particulars Debit($) Credit($)
01/01/20 Cash A/c Dr
To Share Capital A/c
(Being shares issued to the investors)
100000
100000