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CMD
CMD – QUESTION AND ANSWER PAGE FOR STUDENTS
NEW QUESTION 12 December 2003
From ACCOUNTANCY MAY 2003
ACCOUNTANCY MAY 2003
QUESTION 3
The following represents the clubs payroll for week 29:-
|
Number of hours worked |
Rate of Pay |
Gross Pay |
Gross Less £90 |
Employers NIC at 12% |
|
|
I Sellem |
40 |
6.00 |
240.00 |
150.00 |
18.00 |
|
H P Bean |
30 |
5.50 |
165.00 |
75.00 |
9.00 |
|
D Stockem |
30 |
3.20 |
96.00 |
75.00 |
0.72 |
|
A Glassman |
35 |
3.20 |
112.00 |
22.00 |
0.00 |
|
B Have |
20 |
4.00 |
80.00 |
0.00 |
0.00 |
|
TOTALS |
693.00 |
30.36 |
Total Gross pay 693.00
Total of employers National Insurance 30.36
______
723.36
Note: Employers National Insurance (NIC) is deemed to be paid at the rate of 12% after deducting the threshold sum of £90.
The following changes take place for week 30:-
A) The club recognises the need to give a pay rise to employees and decides that all employees receive an increase of £0.30 /per hour.
B) A Glassman resigns and leaves the club. No replacement is sought and the number of hours worked are divided up between existing employees as follows:-
H P Bean 10
D Stockem 10
B Have 15
________
35
C) The rate of National Insurance remains at 12% for wages but the threshold is increased to £100.
You are required to re-calculate the payroll and to determine the new total of Total Payroll Cost for week 30.
15 MARKS
CMD: CLUB LAW AND ADMINISTRATION
EXAMPLE QUESTION FOR 2003 RELATING TO LESSON 2
Question: State what you know about the Working Time Regulations 1998
as amended.
(Maximum time 20 Minutes)
ACCOUNTANCY MAY 2003
A club pays into the bank every Monday morning all of its cash receipts. It also makes all of its payments by cheque. On Saturday 1 April the Bank Cash Book showed a balance brought down from March as a positive bank balance (debit balance) of £1,760.
During the month of April the following transactions took place:-
3 April – Paid Miss Print’s account for stationery of £380 – cheque
number 424
3 April – Banked cash from week ended Sunday 2 April totalling £5,165
7 April – Paid 1 Countem, the club stocktaker a cheque for £90 – cheque
number 425
8 April – Paid S Mashemup Ltd, the sum of £175 in respect
of the March purchases of glassware – cheque number 426
10 April – Banked cash from week ended Sunday 9 April totalling £4,750
16 April – Paid for bar stocks purchased from Big Brew Ltd the
sum of £7,250 – cheque number 427
17 April – Banked cash from week ended 16 April totalling £4,895
23 April – Paid loan repayment to Big Brew Ltd amounting to £2,350 – cheque
number 428
26 April – Paid out £2,350 to Tossitaway Ltd for club entertainment – cheque
number 429
On 5 May a bank statement was received showing the following entries:-
DATE DETAILS DEBIT CREDIT BALANCE
1 April Balance 1760
7 April Counter credit 5165 6925
13 April 424 380 6545
14 April 424 90 6455
14 April 426 175 6280
15 April Counter credit 4750 11030
16 April 427 7250 3780
20 April Credit transfer – HMC&E VAT refund 375 4155
21 April Counter credit 4895 9050
26 April DD – Local authority Business Rates 1350 7700
30 April 429 2350 5350
You are required to:-
A) Write up and balance the Bank Cash Book for the month of April
and make the necessary entries to correct the Bank Cash Book after
receipt of the Bank Statement.
B) Prepare a Bank Reconciliation Statement at 30 April.
25 MARKS
ACCOUNTANCY MAY 2003
CMD: CLUB LAW AND ADMINISTRATION
SAMPLE QUESTION FOR 2003 RELATING TO LESSON 1
Question: What is meant by an “elective committee”?
(Maximum time 20 minutes)
If you would like more information about the CMD course then contact maria.barry@wmciu.org