BASIC ACCOUNTING

GRADE IX

General Instruction: This examination serves as an evaluation, strictly AVOID ERASURES and
UNECESSARY MARKINGS. Write your answers on a 10 Column Worksheet Book.

Budoy, a dentist, established Budoy Clinic. The following transactions occurred during June of
this year.

1. Budoy deposited P280,000 in a bank account in the name of the business.

2. Bought a 3-in-1 office equipment from E. Alcantara Equipment for P4,950, paying P1,000
in cash and the balance on account.
3. Bought waiting room chairs and a table, paying cash, P12,300
4. Bought office intercom equipment on account from Marikina Office Supply, P2,750
5. Received and paid the telephone bill, P1080
6. Performed professional services on account, P12,940
7. Received and paid electric bill, P1,850
8. Performed professional services for cash P17,650
9. Partially settled accounts with Marikina Office Supply P1000
10. Paid rent for the month P8400
11. Paid salaries of the part-time receptionist, P3500
12. Budoy withdrew cash for personal use, P8500
13. Received 5500 on account from patients who were previously billed

PREPARE THE FOLLOWING:

 Journal Entry (40 pts.)

 T-Accounts (40 pts.)
 Trial Balance (10 pts.)
PARTNERSHIP AND CORPORATION ACCOUNTING
GRADE X

General Instruction: This examination serves as an evaluation, strictly AVOID ERASURES and
UNECESSARY MARKINGS. Write your answers on a 10 Column Worksheet Book.

Budoy, a dentist, established Budoy Clinic. The following transactions occurred during JUNE of
this year.

14. Budoy deposited P280,000 in a bank account in the name of the business.
15. Bought a 3-in-1 office equipment from E. Alcantara Equipment for P4, 950, paying P1, 000
in cash and the balance on account.
16. Bought waiting room chairs and a table, paying cash, P12,300
17. Bought office intercom equipment on account from Marikina Office Supply, P2,750
18. Received and paid the telephone bill, P1080
19. Performed professional services on account, P12,940
20. Received and paid electric bill, P1,850
21. Performed professional services for cash P17,650
22. Partially settled accounts with Marikina Office Supply P1000
23. Paid rent for the month P8400
24. Paid salaries of the part-time receptionist, P3500
25. Budoy withdrew cash for personal use, P8500
26. Received 5500 on account from patients who were previously billed

Adjustments as of August 1 of this year

1. 15% of the Accounts Receivable is considered doubtful

2. Furniture and Fixture should be depreciated with a useful life of 5 years.

PREPARE THE FOLLOWING:

 Journal Entry (40 pts.)

 T-Accounts (40 pts.)
 Trial Balance (10 pts.)
 Adjusting Journal Entries
BASIC FINANCE
GRADE VIII

General Instruction:
General Instruction: This examination serves as an evaluation, strictly AVOID ERASURES and
UNECESSARY MARKINGS. DO NOT CHEAT!

I. DEFINITION OF TERMS
Define the following items after each term (3pts each)

1. Specific

2. Personal Finance

3. Financial Intermediary

4. Time-Bounded

5. Realistic

II. Enumeration
1-5 The requirements of a financial plan (S.M.A.R.T)
6-7 Modes of financial transaction

III. Essay

1. What is the relevance of the formula BUDGET-SAVINGS