BKEEPING FORM TWO REGIONAL EXAMS (MOCK, PRE-NATIONAL, etc.)

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

  1. This paper consists of three sections A, B and C
  2. Answer ALL questions from all sections
  3. Use pencil for drawing only

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:

  1. Ledger balance 
  2. Purchases 
  3. Transactions 
  4. Transfer of wealth

(ii) The art of recording a financial transaction in a set of books in monetary terms is known as; 

  1. Business 
  2. Commerce 
  3. Book-keeping
  4. Stock taking

(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:

  1. Net income 
  2. Gross profit or gross loss 
  3. Net profit or net loss 
  4. Capital of the business 

(v) The following not a source of government revenue:

  1. Net salaries 
  2. Licenses 
  3. Taxes 
  4. Loans

image(vi) The statement used to check the correctness of the cashbook balance and bank statement balance is known as:

  1. Bank reconciliation statement 
  2. Balance sheet statement 
  3. Assets and capital statement 
  4. Bank statement 

(vii) Properties which are held in the business for a long time are called:

  1. Fixed capital 
  2. Current assets 
  3. Fixed asset 
  4. Assets

(viii) The sale of goods on credit to Kahaya amounting to Tsh 200,000/= should be recorded as:

  1. Debit cash account , credit sales account
  2. Debit Kahaya’s account, credit sales account
  3. Debit Kahaya’s, credit cash account
  4. Debit sales account , credit Kahaya’s account.

(ix) Proper document used when depositing money in the bank is known as:

  1. Bank statement 
  2. Pay –in-slip 
  3. Invoice 
  4. Payment voucher 

(x) Which of the following is not a book of original entry?

  1. Cash book 
  2. Purchases outwards journal
  3. Returns outwards journal 
  4. Sales ledger 

(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:

  1. Unpresented cheque 
  2. A standing order 
  3. Credit transfer 
  4. Dishonored cheque 

(xii) The three column cash book records:

  1. Cash transactions, and cheque transactions
  2. Cash transactions, bank transactions and cash discounts
  3. Cash transactions and credit transactions
  4. Credit transactions and cash discounts

(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:

  1. Personal accounts 
  2. Nominal accounts 
  3. Real accounts 
  4. Properties accounts

(xv) Which of the following statements is not correct?

  1. Assets – capital = Liabilities 
  2. Liabilities + capital = Assets
  3. Liabilities + Assets = Capital 
  4. Assets – Liabilities = Capital

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

  1. Sales returns journal 
  2. Purchases returns journal
  3. Purchases journal
  4. D. Sales ledger
  5. E. Journal proper
  6. F. Purchases returns ledger
  7. G. Sales journal


SECTION B: (20MARKS)

Answer all questions in this section 

3(a) Classify the following into personal, real and nominal accounts

NAME OF ACCOUNT CLASSIFICATION
  1. Salary
  2. Machine
  3. Mwajuma
  4. Building
  5. Wages
  6. Sales
  7. Lorry
  8. Marenga company Ltd 
  9. Carriage
  10. Premises
  1. . . . . . . . . . . . . . . . . .  . . .  . . . . .  ..  . . . . 
  2. . . . . . . . . . . . . . . . . . .  . . .  . . . . .  ..  . . . 
  3. . . . . . . . . . . . . . . . . . .  . . .  . . . . .  ..  . . . 
  4. . . . . . . . . . . . . . . . . . .  . . .  . . . . .  ..  . . . 
  5. . . . . . . . . . . . . . . . . . .  . . .  . . . . .  ..  . . . 
  6. . . . . . . . . . . . . . . . . . .  . . .  . . . . .  ..  . . . 
  7. . . . . . . . . . . . . . . . . . .  . . .  . . . . .  ..  . . . 
  8. . . . . . . . . . . . . . . . . . .  . . .  . . . . .  ..  . . . 
  9. . . . . . . . . . . . . . . . . . .  . . .  . . . . .  ..  . . . 
  10. . . . . . . . . . . . . . . . . . .  . . .  . . . . .  ..  . . . 

.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

image

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

image829,000

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? 

  1. To interpret the double entry records
  2. To prepare financial statements at a regular intervals
  3. To record all the financial transactions of the business
  4. To summarize the financial position of the business.

(ii) Which statement describes the purpose of trial balance?

  1. It ensures the ledger accounts contain no errors
  2. It indicates errors where errors have arisen 
  3. It checks the arithmetical accuracy of double entry
  4. It prevents errors from occurring.

(iii) General ledger accounts that record incomes and expenses such as purchases, sales, wages and salaries: 

  1. Real accounts
  2. Personal accounts
  3. General accounts 
  4. Nominal accounts.

(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)

  1. 1 and 2
  2. 2 only
  3. 3 only 
  4. 1 and 3.

(v) The compulsory payments by individuals and firms to the government are of two categories:

  1. Fines and penalties
  2. Direct taxes and indirect taxes 
  3. Open taxes and closed taxes
  4. Fees and dividends.

(vi) Why an income statement is prepared?

  1. To account for the revenues and expenses of a period
  2. To calculate the surplus or deficit of the organization 
  3. To list the ledger balances on a particular date
  4. To summarize the business bank account.

(vii) Which account concept states that the business transactions must be separated from the personal transactions of the owner?

  1. Historical cost
  2. Going concern
  3. Money measurement
  4. Business entity.

(viii) The amount of cash or stock taken from the business by the owner for their personal use:

  1. Expenses
  2. Income
  3. Drawing
  4. Profit.

(ix) What is the going concern principle?

  1. Accounting records are prepared assuming that the business will continue to operate in the foreseeable future
  2. Income and expense should be accounted for in the same way they were accounted for in previous periods
  3. Profit should not be anticipated and losses should be written off as soon as they are taken
  4. Revenue and costs should be recognized as they are earned or incurred, not when the money is received or paid.

(x) Why would a Bank Manager look at trader’s financial statement?

  1. To calculate how fast trade creditors were being paid
  2. To check if the trader would be able to repay a loan 
  3. To find out if customers will receive continuous supplies
  4. To know if inventory levels are too high.

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

  1. Sales ledger
  2. Purchases ledger
  3. General ledger
  4. Subsidiary books
  5. Purchases day book
  6. Purchases invoice
  7. Cash book
  8. Trade discount
  9. Cash discount
  10. Discount allowed
  11. Discount received
  12. Sales day book
  13. Sales invoice
  14. Returns inwards day book
  15. Credit note
  16. Returns outwards day book
  17. Debit note.

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

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