1856. Jan. 15. Recd of James Bevan his acceptance at 2 mos. cwt. "" ,, Bought of Wilmott & Co. 40 kegs Lard, 18. 1. 9. @ 60s. cwt. Sold to James Bevan 9. 1. 10. Dutch Cheese, @ 64s. 18. Sold Bower and Trigg 54 kegs Lard, 22. 3. 14., @ 63s. cwt. 20. Paid into Robarts' for discount, 2 bills Discount on above 23. Recd of J. Bevan his acce at 2 mos. 1 25. Paid Wilmott's a/c viz. In cheque on Robarts' 28. Recd of Bower and Trigg viz. a/c less 2 £ s. D. 27 1 4 54 19 10 29 15 3 72 1 1 58 5 3 1 1 9 29 15 3 54 19 10 3. Bought of John Silver 20 firkins Irish Butter, 13. 2. 18. cwt. 19 5. Sold Brown and Co. 19 kegs Lard, 8. 2. 11., @ 65s. cwt. 99 64 2 27 18 11 6. Sold James Cockburn, 8. 1. 16., Dutch Cheese, @ 63s. 6d. · 26 13 0 7. Paid John Silver by cheque on Robarts and Co. viz. a/c 62 10 0 £64 2 5 10. Reed of Brown and Co. their acceptance at 3 mos. for 15. Reed of James Cockburn his acceptance at 2 mos. Bought of R. Davies and Co. 40 kegs Lard, 18. 1. 9., cwt. 55 18 2 1856. cwt. 13 July 16. Sold to James Cockburn 9. 1. 6. Dutch Cheese, @ 64s. cwt. 99 18. Sold Flockton and Co. 54 kegs Lard, 22. 3. 14., @ 63s. £ s. D. 29 15 3 72 1 1 54 11 11 18. Received of James Tuxford, his acceptance at 3 months 20. Received of William Roberts 15 18 8 15 15 4 John Smith makes the following entry in his Journal: "James Clarke, Dr. to Smith, Payne, & Co., for amount advanced (by cheque) to John Jackson on his a/c." Give the Journal entries which would record this transaction, (a) for James Clarke, (b) for Smith, Payne, & Co., and (c) for JohnJackson, in their respective books. 3. Which side of stock a/c should be greatest to show me solvent? Which side of profit and loss a/c should be greatest at the end of a year, if I had lost during that time? 1. Read the following memoranda of transactions: Paid R. Symonds & Son Cash (In settlement of a/c, they allowing 14s. discount.) 5. Received of James Smithson: Write them either into the Journal or into the books which are sometimes used instead of it. 2. Post them into the Ledger. 3. State what books would be required to record the following facts: In the month of July, I paid for petty expenses 281. 7s. 2d., I allowed discounts amounting to 521. 7s. 3d., and was allowed discounts to the amount of 45l. 7s. 2d. 4. Give a copy of the Ledger a/c "Profit & Loss" after these transactions have been posted into it. 5. Suppose that John Brown writes to you requesting you to discount a bill for 501., which he encloses, and to pay the proceeds to William Smith on his (Brown's) a/c, and that you do so, deducting 37. 15s. for discount: give a copy of William Smith's Journal entry of his part of the transaction, of J. Brown's Journal entries, and of your own. (Time allowed 3 hours.) The Candidate is requested to observe— A. That no fair copy of the answers is to be made, but that the entries are to be written at once into the books provided. B. That the calculations given in the paper may be accepted as correct, and need not be checked. C That nothing which is not strictly in answer to the questions proposed will be examined. D That questions 1 and 2 should be answered before the others are attempted. 1. (a) Journalize the following transactions(b) If you cannot journalize, enter the transactions into any books which can be substituted for the journal, preserving the system of Double Entry. 2. Post the same transactions from the Journal (or books substituted for it) into the Ledger. No index to the Ledger need be made. 3. Balance and close the Ledger. 4. Give the Journal entries that W. Short, Benj. Smith, and Edwards and Son, should make in their respective Journals, for their part of the three transactions given above as on the 12th of January. 5. After a Ledger is balanced is it necessarily quite free from errors? if not, what sort of mistakes could exist undiscovered? 6. I buy goods of A. for 50l. and sell them to B. for 607., B. pays me by a bill at one month, which bill A. discounts for me at 10 per cent. per annum, and I then pay him for the goods. Give the Journal entries which should be made by myself, by A., and by B. for these transactions. SUBJECTS FOR ENGLISH COMPOSITION FOR COMPETITIVE EXAMINATIONS. On the beneficial results of Commerce in Ancient and in Modern Times. For the Office of the COMMITTEE OF COUNCIL FOR EDUCATION. Suppose that you are clerk or secretary to the Chairman of the East India Company: That he has received a letter from the President of the Board of Control asking, (1) Whether the Company have any information as to the origin of the mutinies? (2) What are the latest accounts they have received of the state of India? That he has given you the following rough notes of a reply, directing you to write a letter from them, (1) No positive information: doubtful whether they originate with Mahomedans or Hindus. (2) By latest accounts Delhi had not fallen. Troops in good spirits, hoping to take it on arrival of reinforcements. No more mutinies recently. Telegraph expected immediately; on its arrival, will communicate again. You are at liberty to expand the substance here given to any length you please, or to add anything which occurs to you. N.B. This exercise is intended to test the power of writing correctly in good grammatical English. Time allowed, 2 hours. A comparison between the English national character, and that of any other people, ancient or modern. Time allowed, 3 hours. SUBJECTS FOR ORDINARY EXAMINATIONS. A short sketch of the life and character of any one of the Kings of England. Write an account of any part of Great Britain, or Ireland, with which you are acquainted, with special reference to the agriculture (or commerce) there carried on, and the social state and manners of the population. Time, 2 hours. Write a description of any foreign town or country. A short notice of the life and writings of the author of any well-known and standard work. Time allowed, 2 hours. Not less than 2 folio pages should be written. |