Agricultural Education — Examination Papers, 1874. xciii 



EXAMINATION IN BOOK-KEEPING. 



Maximum Number of Marks, 200. Pass Number, 100. 

 Friday, April 17th, from 10 a.m. till 1 p.m. 



Journalise and post into a ledger the following transactions, and 

 draw out a Trial Balance, Profit and Loss Account, and Balance 

 Sheet :— 



On the 1st of January, 1874, A. Wylam set up in business as an 

 Oil and Tallow Merchant ; his father, J. Wtlam, advancing to him 



for that purpose 1500Z. in cash, and an acceptance of J. Brown's for 

 500Z. 



His transactions during the month of January were as follows : — 



£ s. d. 



Bought of M. Story : Petroleum, value 545 



Paid M. Story :— 



In Cash 17 15 



J. Brown's acceptance 500 



Discount allowed by Story 27 5 



Bought of J, Arnold : Essential Oils 654 



Accepted J. Arnold's draft at three months' date .. 654 



Bought of A. Eayner : Tallow 318 



Paid A. Eayner : — 



In Cash 286 12 



Discount allowed by A. Eayner 31 8 



Sold to A. Cory : Petroleum 35 



Sold to G. Cowan : Petroleum : 42 10 



Eeceived of G. Cowan : — 



In Cash i .. 12 10 



His acceptance at three months' date 30 



Sold to B. Fowler : Tallow 163 18 



Sold to P. Michael : Essential Oils 18113 



Eeceived of B. Fowler:— Cash 163 18 



Bought of P. Clowes : Essential Oils 84 15 



Sold to J. Sim : Petroleum 143 15 3 



Bought of J. Arnold : Tallow 654 



Consigned to J. Hannay & Co., of Melbourne : Essential 

 Oils, invoiced at 250Z., but which cost, together with 



shipping and other charges 187 10 



Sold for Eeady-money during the month : — 



Tallow 154 16 2 



Petroleum 65 14 3 



Essential Oils 23 8 1 



A. Wylam drew out Cash for private expenses .. .. 35 



Paid Clerk's Salary 12 10 



5, Warehousemen's Wages 12 10 



„ Petty Expenses 10 



. „ Interest to J. Wylam 8 6 8 



