SECTION B: PRACTICAL QUESTIONS

QUESTION $1(20$ marks$)$

MOKA commenced trading as a wholesaler on $\frac{1}{\frac{?}{?}}\frac{05}{17}$ with capital of $5000000$ fcfa with which he opened a bank account for business. His operations are banking oriented

$\backslash$table$[[$May $1,$Bought shop fittings and fixtures by cheque,$2000000$ fcfa$],[2,$Purchased goods on credit from Abel ltd$,650000$ fcfa$],[4,$Sold goods on credit to T Brace,$700000$ fcfa$],[9,$Purchased Goods on credit from H George,$300000$ fcfa$],[11,$Sold goods on credit to P Hitler,$580000$ fcfa$],[13,$Received a bank cheque for sales,$200000$ fcfa$],[16,$Received a cheque from T Brace as part pay,$500000$ fcfa$],[17,$Purchased goods on credit from V Kameni,$800000$ fcfa$],[18,$Sold goods on credit to M Nadine,$360000$ fcfa$],[19,$Sent a cheque to Abel ltd part pay,$400000$ fcfa$],[20,$Paid rent by cheque,$100000$ fcfa$],[21,$Paid delivery expenses by cheque,$50000$ fcfa$],[23,$Returns by customers P Hitler,$30000$ fcfa$],[,$Returns by customers T Brace,$50000$ fcfa$],[24,$Received a cheque from P Hitler,$200000$ fcfa$],[30,$Drew cheques for payment of salaries,$520000$ fcfa$],[31,$Settled the accounts of H Georges,$]]$

REQUIRED

Post the transactions to the ledger accounts.

Balance the ledger accounts where necessary.

Extract a trial balance. Have you noticed any disparity