THE PRESIDENT’S OFFICE REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT
MOSHI MUNICIPAL COUNCIL
SECONDARY EDUCATION EXAMINATIONS SYNDICATE
062 BOOK KEEPING
FORM TWO MOCK EXAMINATION
Friday 01th July 2022pm Time: 2:30Hours
INSTRUCTIONS
SECTION A:(20 MARKS)
1. For each of the following questions write the letter which represents the correct answer.
(i) The transfer of goods or services from one person to another is known as:
(ii) The art of recording a financial transaction in a set of books in monetary terms is known as;
(iii) The cash or goods taken out from the business for private uses are known as:
A. Profit B. Loss C. Assets D. Drawings
(iv) The main aim of preparing trading account is to find:
(v) The following not a source of government revenue:
(vi) The statement used to check the correctness of the cashbook balance and bank statement balance is known as:
(vii) Properties which are held in the business for a long time are called:
(viii) The sale of goods on credit to Kahaya amounting to Tsh 200,000/= should be recorded as:
(ix) Proper document used when depositing money in the bank is known as:
(x) Which of the following is not a book of original entry?
(xi) A cheque drawing or issued and entered in the cash book but not passed through the bank for payment until after the relevant date is known as:
(xii) The three column cash book records:
(xiii) One of the following reasons allows the goods to be returned to the supplier:
A. Durable goods
B. Consumable goods
C. Expired goods
D. Perishable goods
(xiv) Capital and drawing accounts are classified as:
(xv) Which of the following statements is not correct?
2. Match the items in LIST A with the responses in LIST B by writing the letter.
LIST A | LIST B |
(i) A book of prime entry used to record returns outwards from goods bought on credit (ii) A book of prime entry used to record all goods sold on credit (iii) A book of prime entry used to record returns inwards for goods sold on credit (iv) A book of prime entry used to records all goods bought on credit (v) A book of prime entry used to record all transactions which cannot be recorded in any other books of prime entry |
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SECTION B: (20MARKS)
Answer all questions in this section
3(a) Classify the following into personal, real and nominal accounts
NAME OF ACCOUNT | CLASSIFICATION |
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.3(b) Complete the gaps in the following table
ASSETS | LIABILITIES | CAPITAL | |
i | 55,000 | 16,900 | . . . . . . . |
ii | . . . . . . .. | 17,200 | 34,400 |
iii | 36,100 | . . . . . . .. | 28,500 |
iv | 119,500 | 15,400 | . . . . . . . |
v | 88,000 | . . . . . . .. | 62,000 |
4. John Kibwetere is an account holder in National Microfinance Bank (NMB) who opened current account in that bank. At the beginning of March 2001 balance of cash book and balance of bank statement were the same amount Tsh 200,000, but at the end of that month 31-3-2001 two balances were disagree. Briefly explain five reasons which make two balances to disagree.
SECTION C (60 MARKS)
Answer all questions
5. The following is a summary of Mamayoyo’s petty cash transaction for the period of 1st December to 5th December 2000.
December 1st received from main cashier Tshs 40,000=
1st paid sweeping charges Tshs 5,000=
1st bought coffee, tea and sugar Tshs 6,200=
1st paid telegram charges Tshs 11,200=
2nd paid carriage Tshs 7,500=
2nd bought postage stamps Tshs 2,500=
3rd bought stationary Tshs 4,300=
4th paid carriage Tshs 700=
5th paid telegram charges Tshs 1,700=
Enter the above transactions into a petty cash book with analysis column of Stationary, Postage, Telegrams and Sundry expenses.
6. Post the following details into the Statement of Financial position of Moshi Traders as at 3112-2004.
Capital Tshs. . . . . . . . . 150,000
Net profit Tshs. . . . . . . . 50,000
Drawings Tshs. . . . . . . . .. 70,000
Creditors Tshs . . . . . . . . . 30,000
Loan from NMB Tshs . . . . . . . . . 130,000
Bank overdraft Tshs. . . . . . . . ... 40,000
Machinery Tshs. . . . . . . . ... 130,000
Motor van Tshs. . . . . . . . . 40,000
Furniture Tshs. . . . . . . . . 25,000
Premises Tshs. . . . . . . . . 53,000
Stock Tshs. . . . . . . . . 17,000
Debtors Tshs . . . . . . . . . 15,000
Cash at bank Tshs . . . . . . . . . 30,000
Cash in hand Tshs . . . . . . . . . 20,000
7. The following is the summary of Cash Book of Bora Brothers Ltd as appeared on 31st December 2010
DR | CASH BOOK | CR | |||||
DATE | DETAILS | F | AMOUNT | DATE | DETAILS | F | AMOUNT |
1.12.201 0 8.12.201 0 15.12.20 10 26.12.20 10 30.12.20 10 1.1.2011 | Balance Peter Salmini Cash Hamisi Balance | b/ d b / d | 495,000 76,000 54,000 88,000 116,000 829,000 634,000 | 9.12.201 0 26.12.20 10 28.12.20 10 31.12.20 10 | Musa Charles Samson a/ c Balance | c/ d | 47,000 106,000 42,000 634,000
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NOTE: He receives the following Bank Statements from his manager
BANK STATEMENT
DATE | DETAILS | DEBIT | CREDIT | BALANCE |
1,12,2010 8.12.2010 9.12.2010 15.12.2010 26.12.2010 29,12,2010 31.12.2010 | Balance b/d Cheques Musa a/c Cheque Cash Credit transferJuma Bank charges | 42,000 40,000 | 76,000 54,000 88,000 52,000 | 495,000 571,000 529,000 583,000 671,000 723,000 683,000 |
Require:
a)Prepare adjusted Cash Book
b). Prepare bank reconciliation statement starting with balance as per adjusted Cash Book
LEARNINGHUBTZ.CO.TZFORM TWO BKEEPING REGIONAL SERIES-21 YEAR-2022
PRESIDENT'S OFFICE REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT
TANZANIA HEADS OF ISLAMIC SCHOOLS COUNCIL
FORM TWO INTER ISLAMIC MOCK EXAMINATION
062 BOOK KEEPING
TIME: 2:30 HOURS Thursday, 30th September 2021 a.m.
Instructions
1. This paper consists of sections A, B and C with a total of seven (7) questions.
2. Answer all questions.
3. Section A and B carry twenty (20) marks each and section C carries sixty (60) marks.
4. All answers must be written in the spaces provided.
5. All writings must be in blue or black ink except for drawings which must be in pencil.
6. Calculators, cellular phones and any unauthorized materials are not allowed in the examination room.
7. Write Your Examination Number on the top right of every page.
FOR EXAMINER’S USE ONLY | ||
QUESTION NUMBER | SCORE | EXAMINER’S INITIALS |
1 | | |
2 | | |
3 | | |
4 | | |
5 | | |
6 | | |
7 | | |
TOTAL | | |
CHECKER’S INITIALS | |
SECTION A: (20 Marks)
Answer all questions in this section
1. For each of the items (i) - (x), choose the correct answer from among the given alternatives and write its letter in the box provided.
(i) What is the purpose of book keeping?
(ii) Which statement describes the purpose of trial balance?
(iii) General ledger accounts that record incomes and expenses such as purchases, sales, wages and salaries:
(iv) Which statement describes development expenditure?
1. They are registered in the assets register of the government
2. They are the day-to-day running expenses of the government
3. They are assigned depreciation rate (if applicable)
(v) The compulsory payments by individuals and firms to the government are of two categories:
(vi) Why an income statement is prepared?
(vii) Which account concept states that the business transactions must be separated from the personal transactions of the owner?
(viii) The amount of cash or stock taken from the business by the owner for their personal use:
(ix) What is the going concern principle?
(x) Why would a Bank Manager look at trader’s financial statement?
2. Match the items in column A with the response in column B by writing the letter of the response besides the item number in the space provided:
COLUMN A | COLUMN B |
(i) A day book where all credit sales are first recorded (ii) A document issued by the business making a sale containing detailed information about the sale (iii) A day book where all credit purchases transactions are first recorded (iv) A book containing all the accounts of the credit customers of the business (v) A day book used to record all goods sold that are returned to business (vi) A sale invoice viewed from the perspective of the business making the purchase (vii) A place where transactions are first recorded before they are posted to the ledger account (viii) A book containing all the accounts of the credit suppliers of the business (ix) A document issued by the business when accepting returns inwards (x) A day book used to record all goods that are returned by the business to the original supplier |
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Answers:
Column A | (i) | (ii) | (iii) | (iv) | (v) | (vi) | (vii) | (viii) | (ix) | (x) |
Column B | | | | | | | | | | |
SECTION B: (20 Marks)
Answer all questions in this section
3. Kibonde, an accountant for Bee& Cee Company is very happy as he has just finished preparing the trial balance as at 31st March 2021 in which the debit column seems to agree with the credit column. However he has been told by assistant that the agreement of trial balance totals is not a proof that the trial balance is free from errors. Outline the possible mistakes (five) that may have been committed in Kibonde’s accounts (ledger)
4. Show the account to be debited and credited in each of the following transactions:
Items | Transactions | Account to be Debited | Account to be credited |
i | Purchases of goods by cash | ||
ii | Cash sales of goods | ||
iii | Credit sales of goods to Kitetemo | ||
iv | Purchases of goods from Mano | ||
v | Banked cash |
SECTION C: (60 Marks)
Answer all questions in this section
5. The following trial balance was extracted from the books of Muha as at 30th September 2019.
Trial balance as at 30th September 2019
Name of account | Dr-TZS | Cr-TZS |
Capital ………………………………………… | ……………… | . 149,000 |
Cash in hand …………………………………… | 12000 | |
Cash at bank …………………………………… | 110,000 | |
Stock (1.10.2018) ……………………………... | . 210,000 | |
Trade creditors ……………………………… | ………………… | 100,000 |
Trade debtors ………………………………….. | 80,000 | |
Returns inwards ……………………………….. | 5,000 | |
Sales ………………………………………… | ………………… | 560,000 |
Purchases ……………………………………… | . 205,000 | |
Salaries ………………………………………… | 40,000 | |
Water and electricity ………………………….. | 6,000 | |
Postage ………………………………………… | 2000 | |
Drawings………………………………………. | 9000 | |
Furniture and fittings …………………………. | 75,000 | |
Motor van …………………………………….. | 320,000 | |
Equipment ……………………………………. | 30,000 | |
Loan ………………………………………… | ………………… | 300,000 |
Rent received ………………………………… | ……………….. | 12,000 |
Office rent ……………………………………. | 17,000 | 1,121,000 |
1,121,000 |
Closing stock was valued at TZS 135,000.
Required:
(a) Prepare his income statement for the year ended 30th September 2019.
(b) Prepare his statement of financial position as on that date and clearly show the total assets, net assets and owner’s equity.
6.The bank column in the cash book for November 2004 and the bank statement for that month for Kamgunda are:
Cash book
2004 | TZS | 2004 | TZS |
Nov 5 Pengo | 8,000 | Nov 1 balance b/d | 21,000 |
Nov 14 Flora | 11,500 | Nov 4 Hassan | 7,400 |
Nov 18 Renatus | 8,600 | Nov 21 Nova | 9,500 |
Nov 24 Ummy | 19,000 | Nov 24 Boris | 16,700 |
Nov 26 Yayale | 13,000 | Nov 30 balance c/d
| 5,900 60,500 |
60,500 |
2004 | Dr TZS | Cr TZS | Balance TZS |
Nov 1 Balance b/d | | 21,000 (Dr) | |
Nov 9 Cheque | 7,400 | | 28,400 (Dr) |
Nov 11 Sundries | 8,000 | 20,400 (Dr) | |
Nov 12 Bank charges | 4,100 | | 24,500 (Dr) |
Nov 17 Standing orders | 7,500 | | 32,000 (Dr) |
Nov 18 Sundries | 11,500 | 20,500 (Dr) | |
Nov 20 Cheque | 9,500 | | 30,000 (Dr) |
Nov 27 Sundries | 8,600 | 21,400 (Dr) | |
Nov 29 Dividend | 6,400 | 15,000 (Dr) |
Required:
(a) Write up the cash book up to date and state the new balance as on 30th November 2004.
(b) Draw up a bank reconciliation statement as on 30th November 2004 starting with the balance as per adjusted cash book.
7.Bwana Fulani started business on 1st January 2021 to deal with cheap items with capital of TZS 500,000 in cash. He made the following transactions during the month of January.
Jan 2 Purchased goods for cash TZS 17,500
Jan 12 | Sold goods for cash TZS 7,000 |
Jan 16 | Sold goods to Jumong TZS 10,500 |
Jan 19 | Bought goods from Lee TZS 12,000 |
Jan 22 | Paid general expenses in cash TZS 2,000 |
Jan 23 | Sold goods to Koboko TZS 15,000 |
Jan 24 | Paid wages to all employees TZS 3,000 |
Jan 26 | Paid cash to Lee TZS 12,000 |
Jan 27 | Received cash from Jumong TZS 10,000 |
Jan 29 | Paid TZS 3,000 for advertisement |
Required:
Enter the above transactions into the following accounts, balance them at the end of January and bring forward the balances on 1st February where necessary:
(a) Cash account
(b) Jumong account
(c) Koboko account
LEARNINGHUBTZ.CO.TZFORM TWO BKEEPING REGIONAL SERIES-5 YEAR-2021