CHRISTIAN SOCIAL SERVICES COMMISSION – (CSSC)

WESTERN ZONE

FORM TWO JOINT EXAMINATION

062                                                                            BOOK KEEPING

Time 2:30 Hours                                                     31^st ,August, 2023

Instructions

1.      This paper consists of sections A, B and C with a total of nine (9) questions.

2.      Answer all questions.

3.      Sections A carries fifteen (15) marks and B carries forty (40) marks and Section C carries forty-five (45) marks.

4.      All writings must be in blue or black ink.

5.      All answers must be written in the spaces provided.

6.      Cellular phones and any unauthorized materials are not allowed in examination room.

                                 SECTION A (15 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) Mtumzima, the owner of clothing retail store, took TZS 8,000,000 from his business account. He used the money to buy a motor vehicle for his wife. The act by Mtumzima best described as:

A.    Purchases     C. Drawings

B.     Sales           D. Capital

(ii) Gladness and Erick were arguing on the primary and basic reason of preparing a trial balance. Which one of the following is the basic reason for writing up a trial balance to a business?

A.    A trial balance issued for internal control as back up document.

B.     A trial balance is used as a tool for preparing financial statement.

C.     A trial balance is used to present a list of balances at one place.

D.    A trial balance is used to check arithmetical accuracy of double entry.

(iii) Daniella, a petty cashier received TZS 100,000 cash float on 1^st March, 2022; she spent TZS 65,000 for Transport expenses and TZS 8,000 for telephone charges during the month. How much would be reimbursed during the month?

A. TZS 65,000

C. TZS 73,000

B. TZS 25,000

D. TZS 100,000

(iv). Khadija bought on credit from Diana stores for TZS 3,800,000. The supplier offered her a trade discount of 2%. How much would be the amount due to the supplier?

A.   TZS 3,876,000        C. TZS 3,724,000

B.    TZS 3,800,000        D. TZS 76,000

(v) Gibbon wants to start up a business dealing with Sportswear retailing store, but his does not have enough capital to commence his business. The following can be used as sources of capital for a business, except.

A.    Accounts payable

B.     Revenue from business operation

C.     Money borrowed from external source

D.    Loan from bank

(vi)   What would be the double entry for cash withdrawn from bank for business use TZS 500,000?

A. Debit cash column TZS 500,000: Credit bank column TZS 500,000 

B. Debit Drawings TZS 500,000: Credit cash column TZS 500,000

C. Debit bank column TZS 500,000: Credit cash column TZS 500,000 

D. Debit cash column TZS 500,000: Credit cash column TZS 500,000

(vii)    Lewis bought a machine by cheque TZS 18,000,000. What would be the effect of this transaction in the accounting records?

A.    Asset of Bank will increase, Asset of machine will decrease

B.     Asset of Bank will decrease, Asset of machine will increase 

C.    Asset of Cash will increase, Asset of machine will decrease

D.    Asset of Cash will decrease, Asset of machine will increase

(viii)  The following are internal users of financial statements except.

A.    Managers    C. Investors

B.     Owners      D. Wholesalers

(ix)       During the Book keeping lesson, students were taught about expenses that can be paid out of petty cash. The following are among those expenses, except.

A.    Van replacement cost      C. Wages cost

B.     Staff traveling cost           D. Postage cost

(x) Rachel and Albert were arguing on the primary and basic objectives of recording and keeping accurate financial information of daily business transactions of a business. Which one of the following is the objective of book-keeping in a business?

A.    Bridge the gap between buyer and seller

B.     Fair tax assessment.

C.     Paying tax to the government

D.    Creation of employment

  Answers:

2. Match the items in Column A with the responses in Column B by writing the letter of the correct responses below the corresponding item number in the table provided

       Answers

SECTION B (40 Marks)

Answer all questions in this section.

3. Accounting records provide information to various interested parties (users) and serve very useful purposes in the business. Identify and explain five (5) users of accounting information.

(i)     …………………………………………………………………………… …………………………………………………………………………..

(ii)  ……………………………………………………………………………

……………………………………………………………………………

(iii) …………………………………………………………………………… ………………………………………………………………………….. 

(iv) …………………………………………………………………………… ………………………………………………………………………….. 

(v) …………………………………………………………………………… …………………………………………………………………………..

4.  Complete the following table.

5. Hezekiah wants to do task of recording and reporting financial information of the business. As you an expert of recording and reporting financial information tell him five accounting rules which he must follow in order to prepare financial information of the business.

(i)           …………………………………………………………………………………… …………………………………………………………………………………….

(ii)        ……………………………………………………………………………

……………………………………………………………………………………

(iii)      …………………………………………………………………………………… ……………………………………………………………………………………..

(iv)      …………………………………………………………………………………… ……………………………………………………………………………………..

(v)        …………………………………………………………………………………… …………………………………………………………………………………..

6. Trial balance at 31^st December 2020 showed a difference of TZS 11,600 being a shortage on the debit side. On 28^th February 2021 all the errors from the previous year were found.

a.      A cheque of TZS 15,000 paid to L. BATRIDA had been currently entered in the cash book but had not been entered in L. BATRIDA's account

b.     The purchases account had been under casted by TZS 2000

c.       A Cheque of TZS 9,300 received from K. SENGA had been correctly entered in the cash book, but had not been entered in K. SENGA's account as TZS 3,900

Required:

i. Prepare Journal entry to correct the above errors ii. Record double entry for those items in the suspense account.

SECTION C (45 Marks)

Answer all questions in this section.

7. Mr. NJOROGE had a cash book a debit balance of TZS 786/= at the Cash book on 30^th June 2020, while the bank statement on 30^th June 2020 showed a credit balance of TZS 1,375/=

On comparing the cash book with the statement the following differences had been observed

a)     Cheques not yet credited TZS 152/=

b)     Cheques not yet presented TZS 565/=

c)      Bank charges TZS10/= appeared on the bank statement but not in the cash book

d)     A standing order TZS 10/= payable on 28^th June had been paid by bank but no entry had been made in the cash book

e)     Dividends of TZS 196/= were collected by the bank, no entry had been made in the cash book.

Using the information provided

(a)  Write the cash book up to date

(b)  Prepare bank reconciliation statement as at 30 June using balance as per cash book updated.

8. The following is the summary of Babayoyo’s Petty cash transaction for the period of 1^st December 2009. Assume that Babayoyo uses the imprest system to manage the petty cash fund

December 1^st Received from main cashier TZS 40,000

2^nd    Paid sweeping charges TZS 5000

4^th    Bought coffee tea and sugar TZS 6200

 7^th bought envelopes charges TZS 11,200 

10^th Paid carriage TZS 7500

18^th    Bought postage stamps TZS 2500

25^rd Bought stationary TZS 4300

27^th Paid for stamp duty TZS 700 

28^th Paid telegram charges TZS 1700

Required: Enter the above transactions into a petty cash book with analysis columns for stationary, postage and the sundry expenses and show the amount to be restored on 29^th Dec 2009.

9. From the following trial balance of MAHELA traders extracted after one year of operations. Prepare an Income statement for year ended 30 June 2020

NB; Closing stock as at 30^th June 2020 was TSHS 5,500

THE UNITED REPUBLIC OF TANZANIA PRESIDENT'S OFFICE

REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT
MOROGORO FORM TWO REGIONAL ASSESSMENT 

BOOK KEEPING

CODE: 032

TIME: 2.30 HOURS                                                                YEAR: 2023

INSTRUCTIONS

1.    This paper consists of sections Ä, B and C With a total of nine (9) questions

2.    Answer all questions

3.    All writing must be in blue or black ink

4.    All answers must be written in the space provided

SECTION A (15 Marks)

Answer all questions in this section

1.    For each of the items (I - (x) choose the correct answer from among the given alternative and write its letters in the box provided

i)  What is the alternative name for the sales journal?

A.      Sales invoice      C. Daily sales

B.      Sales ledger       D. Sales day book

ii) A system where by a petty cashier is reimbursed to maintained his or her original financial position is known as

A. Double entry system 

C. Petty cash book 

B. Column petty cash 

D. Imprest system book

iii)  Which of the following is a source of government revenue?

A.   Taxation, license fees) government employee's salaries

B.   Taxation, grants, public roads maintenance

C.   Taxation, interest from investments, grants, aids

D. Taxation, dividends from investments consolidated fund

iv)  Which of the following is an asset to a business?

A.   Debtors        C. Bank overdraft

B.    Creditors      D. Loan from bank

v)  At what side does the total of discount received in the cash book is posted

A.   Credit side of discount received account

B.   Debit side of purchases account

C.   Credit side of creditors account

D.  Debit side of discount received account 

vi) What would be the double e try for cash withdrawn from bank for business use

A.    Debit cash account, credit business account

B.    Debit business account, credit bank account

C.    Debit bank account, credit, cash account 

D. Debit cash account, credit bank account

vii) A transaction where payment for goods is made later is called: -

A. Credit transaction       C. Cash transaction

B. Trade transaction        D. Gross transaction

viii) The goods bought for resales but remain unsold to the end of the financial year are called

A.      Opening stock or    C. Closing stock or opening inventory closing inventory

B.       Returns outwards    D. Returns inwards day book

ix)  During the book - keeping lesson, students were taught about expenses that can be paid out of petty cash. The following are among those expenses except

 A. Replacement cost                                  C. Postage cost

D. Staff travelling     cost                            D. Wages cost

x)  The accounting equation is concerned with: -

A.   Assets only                  C. Liabilities only

B.   Assets, liabilities and   D. Assets and liabilities capital   only

2.    Match the items in column A against with the responses in column B and write the correct answer below the corresponding item number in the table provided.

SECTION B (40 MARKS)

Answer all questions in thus sections
3. The agreement of trial balances us not conclusive evidence that transactions are correct. Briefly explain only five (5) errors which do not affect the trial balance

4.    For each of the transaction (i-x) stare the name of the account to be debited and the account to be credited

5.    a) Classify the following into personal real and nominal account

b) Complete the gaps in the following table

6.    Briefly explain five users of financial statement

SECTION C (45 MARKS)

Answer all questions in this section

7.   On 1st January 2022 Zambia started business as a furniture dealer with the following assets and liabilities

Required: Enter the above balances in the journal proper

8.    Record the following transactions in the petty cash book with analysis columns for postage, office expenses, wages and ledged accounts

Balance the books on 31 ^st January total the analysis column and restore the impress

9.    The following information were extracted from Jamaica traders as at 31 ^st December 2021

JAMAICA TRADERS

TRIAL BALANCE AS AT 31 ^ST12/2021

Stock 31/12/2021 was valued at Tshs. 2548 Required: Prepare

i)  Income statement for the year ended 31/12/2021 

ii) Statement of financial position for the year ended 31/12/2023

PRESIDENT’S OFFICE REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT MVOMERO DISTRICT COUNCIL

FORM FOUR MOCK EXAMINATION

 CODE: 062 BOOK KEEPING 

Time: 3 Hours  May, 2023

Instructions

1. This paper consists of sections A, B and C with a total of eight (8) questions.
2. Answer ALL questions.
3. All writing must be in blue or black ink.
4. All answers must be written in the spaces provided.
5. Calculators, cellular phones and any unauthorized materials are not allowed in the examination room

SECTION A (15 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. Which of the following is best describes as fixed assets?

1. Expensive items bought for the business
2. Items having long life and not bought for resale
3. Items which will not wear out quickly
4. Items bought to be used by the business

ii. What is a cash receipt?

1. Is a documentary evidence for cash paid
2. Is a documentary evidence for sale of goods
3. Is a documentary evidence for cash received
4. Is a documentary evidence for purchase of goods

iii. How does the contra entry occur?

1. When double entry is completed within the cash account
2. When double entry is completed with the bank account
3. When the double entry is not completed within the same book
4. When double entry is completed within the same cash account

iv. Which of the following should not be called sales?

1. Sales of unwanted furniture
2. Sales of goods on credit
3. Cash sales
4. Sales of goods

v. The following are sources of documents:

1. Sales, Credit note, Cheques
2. Cheques, Invoice, Cheques paid
3. Credit note, Debit note,Cash
4. Invoices, Cash receipt, Debit note

vi. The subsidiary book where we record small cash payments is the..

1. Petty cash book
2. Cash book
3. Bank account
4. Payments

vii. Which of the following is given to traders only?

1. Cash discount
2. Trade discount
3. Quantity discount
4. Settlement discount

viii. Working capital means

1. Total of fixed assets plus current assets
2. Excess of the current assets over current liabilities
3. Amount of capital invested by the proprietor
4. Capital less drawings

ix. The descending order in which current assets should be shown in the balance sheet are:

1. Cash, bank, debtors and stock
2. Stock debtors, cash and bank
3. Stock, debtors, bank, and cash
4. Cash, debtors, bank, stock

x. Which of the following statement is incorrect?

1. Assets – capital = liabilities
2. Liabilities + capital = assets
3. Liabilities + assets = capital
4. Assets – liabilities =capital

Answers;

2. Match the explanation of accounting concept in Column A with the corresponding names in Column B by writing the letter of the correct response beside the item number in box provided,

Answers;

SECTION B (40 Marks)

Attempt all questions from this section

3. Juma is a form one student at Mtakuja secondary school whoever she is in dilemma to go science or studying book keeping. Briefly elaborate to her on how book keeping would contribute in her life with relevant examples

1. ...........................................................................................................................................................
2. ...........................................................................................................................................................
3. ...........................................................................................................................................................
4. ...........................................................................................................................................................
5. ...........................................................................................................................................................

4. Briefly explain any five reasons why some people returns goods to their suppliers

1. ......................................................................................................................................................................................................................................................................................................
2. ......................................................................................................................................................................................................................................................................................................
3. ......................................................................................................................................................................................................................................................................................................
4. ......................................................................................................................................................................................................................................................................................................
5. ......................................................................................................................................................................................................................................................................................................................

5. Indicate the following whether nominal, Real or personal.

S/No. Name of account Classification of Account

1. Cash account _______________________
2. Boneli account ________________________
3. Capital account ________________________
4. Computer account _______________________
5. Sales account ________________________
6. Carriage account ______________________
7. Wages account ________________________
8. Genesi’s account ________________________
9. Machine account ________________________
10. Shuayb account ________________________

6. There are good reasons that could bring about the difference between the cash book balance and bank statement balance. Apply the knowledge you have developed in your studies to identify and explain at least five reasons for disagreement between the Bank statement balance and the Cash book balance.

1. ...........................................................................................................................................................
2. ...........................................................................................................................................................
3. ...........................................................................................................................................................
4. ...........................................................................................................................................................
5. ...........................................................................................................................................................

SECTION C (45 Marks)

Answer all questions on this section

7. From the following information of Jitahidi Unaweza shopping Centre, Prepare the Bank and Cash Accounts and balance off the accounts at 30^th April 2023.

8. Luanda provision store had the following balances on 1^st May 2017

• Cash Tshs. 29,000
• Bank Tshs. 654,000

Debtors: Creditors

• K. Ocholatsh. 120,000 T. Olootsh. 60,000
• S. Ayako Tsh.280, 000 Kairo Distributors TSH. 440,000
• J. Mango tsh. 40,000 Makori investment Tshs. 100,000
• During the month, the following transactions took place:
• May 2: K .ochola paid his account by cheque less 2.5% cash discount.
• May 3: paid Makori investments their account by cheque less 5% discount.
• May 8: Withdrew Tsh. 100,000 cash from the bank for business use.
• May 11: S. Ayako settled her account by cheque less 2.5% Cash discount
• May 15: paid wages in cash Tsh. 90,000
• May 20: J. Mango paid his account in cash deducting 2.5% cash discount
• May 25: Bought furniture and fittings and paid by chequetsh. 250,000
• May 28 Cash sales Tshs. 250,000
• May 29: Deposited Tsh. 250,000 from the cash till into the business bank account
• May 29: paid T. Oloo in cash , less a cash discount 5%.
• May 30: Paid Kairo distributors by cheque less 5% cash discount

Required.

Open cash book to record the above information.

9. The trial balance below belongs to Kamwezi traders of mbeya for the year ended 31^st December, 2013

Additional information; inventory 1^st December, 2013 was 2,000

Required;

1. Income statement for the year ended 31^st December, 2013
2. Statement for financial position as at 31^st December,2013

        TANZANIA HEADS OF ISLAMIC SCHOOLS COUNCIL

              FORM TWO INTER ISLAMIC MOCK EXAMINATION

    062                                              BOOK KEEPING

TIME: 2:30 Hours                                                                    Tuesday 1^st August, 2023 a.m.

Instructions

1.      This paper consists of sections A, B and C with a total of nine (9) questions.

2.      Answer all questions.

3.      Section A carries fifteen (15) marks, section B carries forty (40) marks and section C carries forty five (45) marks.

4.      All answers must be written in the spaces provided.

5.      All writings must be in blue or black ink except drawings which must be in pencil.

6.      Cellular phones, calculators and any unauthorized materials are not allowed in the examination room.

7.      Write your Examination Number on the top right on every page.

                                       SECTION A (15 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)  Mr. Juma bought three pairs of shoes from Kilimanjaro shoes production. Two days later he returned one part of shoes. Which among the following might not be a reason for his decision? A. Wrong size

B.     Wrong type delivered

C.     Reach later than expected

D.    Higher price charged

(ii)  Salmin’s cash account shows a debit balance of TZS 10,000. What does this mean?

A.    Cash has been overspent by TZS 10,000

B.     TZS 10,000 was the total of cash paid out

C.     There was TZS 10,000 cash in hand

D.    The total of cash received was less than TZS 10,000

(iii)  Mr. Muhtaji unexperienced accountant has been given a task to prepare a trial balance. He approaches you to help him to identify item(s) that does not appear in that trial balance. What will be your response?

A.    Capital at the beginning

B.     Closing inventory

C.     Opening inventory

D.    Drawings

(iv)  Miss Farheen is an employee at Fikosh Safaris Ltd who deals with recording all financial transactions related to the company in accounting books. Who is miss Farheen?

A.    A book keeper

B.     A trader

C.     An auditor

D.    A banker

(v)  If the business of Mr. Kupata has TZS 500/= as purchases instead of being noncurrent asset. What effect will be in his income statement?

A.    Net profit only would be understated

B.     Net profit only would be overstated 

C.     Both gross profit and net profit would be understated 

D.    It would not affect net profit

(vi)  Mwanamvua drew a cheque of TZS 2,000,000 on 20/07/2022 to Mwela who presented it at the bank on 23/01/2023, unfortunately the bank refused to cash that cheque. Why was that cheque refused by the bank?

A.    It was a stale cheque

B.     It has a wrong figure

C.     The drawer has died

D.    It has wrong amount

(vii)  A petty cashier received TZS 300,000 from chief cashier, if TZS 267,000 has been spent in the period, how much will be reimbursed at the end of that period?

A.    TZS 267,000

B.     TZS 300,000

C.     TZS 33,000

D.    TZS 567,000

(viii)    ABC loan officer before advancing loan to Msukuma he asked him to bring a statement which shows the list of his assets and liabilities. Which among of the following statements Msukuma will take to the bank?

A.    Income statement

B.     Bank statement

C.     Cash flow statement

D.    Statement of financial position

(ix)  Cash and goods are things that can be taken from the business by the proprietor. Which account should be debited once the proprietor has taken cash for personal use?

A.    Drawings account

B.     Bank account

C.     Cash account

D.    Goods account

(x)  The trial balance of one of your friends did not agree, he decided to ask you for the help on where to post the difference. What will be your suggestion?

A.    Post to statement of profit or loss

B.     Post to suspense account

C.     Post to nominal account

D.    Post to capital account 

ANSWERS:

2.      Match the explanations of the types of errors in column A with the corresponding terms in column B by writing the letter of the correct response beside the item number in the box provided.

ANSWERS:

                                         SECTION B (40 Marks)

Answer all questions in this section

3.      Taxation is one among the sources of government revenue in Tanzania, the money is used for short, medium and long term plans and expenses for the government. As a form two student outline five (5) other sources

(i)         _____________________________________________________________________

(ii)      _____________________________________________________________________

(iii)    ____________________________________________________________________

(iv)     ____________________________________________________________________

 (v)   ____________________________________________________________________

4.      Mr. Musa was shocked after receiving a monthly bank statement showing the closing balance of TZS 3,000,000 while in his prepared cash book the balance was TZS

4,500,000. Help Mr. Musa to identify five (5) reasons for this situation to occur

(i)         _____________________________________________________________________

(ii)      _____________________________________________________________________

(iii)    ____________________________________________________________________

(iv)     ____________________________________________________________________

(v)       _____________________________________________________________________

5.      Complete the following table related to Mwasiti a Jewelry dealer at Kariakoo market by indicating the account to be debited and the account to be credited from each transaction.

6.      From the following list of balances from Zuberi business construct a trial balance as at 31 December 2022.

                                                                                                                                        TZS

        Sales                                 ………………………………………………             38,500,000

        Purchases                          ………………………………………………             29,000,000

        Rent                                   ………………………………………………               2,400,000

        Wages                               ………………………………………………               1,500,000

        Advertising                       ……………………………………………….                 600,000

        Fixtures and fittings          ………………………………………………               5,000,000

        Accounts receivable         ………………………………………………               6,800,000

        Accounts payable             ………………………………………………               9,100,000

        Cash at bank                     ………………………………………………               8,100,000

        Cash in hand                     ………………………………………………                  200,000

        Drawings                           ………………………………………………               7,000,000

        Capital                              ……………………………………………...              20,000,000

        Premises                           ……………………………………………...                7,000,000

                                     SECTION C (45 Marks)

Answer all questions in this section

7.      Post the following details into the statement of financial position as at 31^st Dec 2021.

8.      From the following information related to Makame a trader, record the following transactions in the sales journal and sales returns journal for the year 2023.

9.      Enter the following transactions in cash book of Mr. Mtakuja, balance the cash book and open discount allowed and discount received accounts.

PRESIDENT'S OFFICE  REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT 
KILIMANJARO REGION MOCK FORM TWO EXAMINATION

CODE: 062 BOOK KEEPING

TIME: 2:30 HOURS MAY 2023 

INSTRUCTIONS

1. This paper consists of sections A, B and C with a total of nine (9) questions.
2. Answer all questions.
3. Sections A carries fifteen (15) marks and B carries forty (40) marks and Section C carries forty-five (45) marks.
4. All writings must be in blue or black ink.
5. All answers must be written in the spaces provided.
6. Cellular phones and any unauthorized materials are not allowed in examination room.

SECTION A 15 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. Mangoto, the owner of clothing retail store, took TZS 8,000.000 from his

business account. He used the money to buy a motor vehicle for his wife. 1 he act by Mangoto is best described as:

1. Purchases
2. Sales
3. Drawings
4. Capital

ii. Grace and Erick were arguing on the primary and basic reason of preparing a trial balance. Which one of the following is the basic reason for writing up a trial balance to a business?

1. A trial balance issued for internal control as back up document.
2. A trial balance is used as a tool for preparing financial statement.
3. A trial balance is used to present a list of balances at one place.
4. A trial balance is used to check arithmetical accuracy of double entry.

iii. Aisha , a petty cashier received TZS 100,000 cash float on Pt March, 2022: she spent TZS 65,000 for Transport expenses and TZS 8,000 for telephone charges during the month. How much would be reimbursed during the month?

1. TZS 65,000 
2. TZS 25,000 
3. TZS 73,000
4. TZS 100,000

iv. Khadija bought goods on credit from Diana stores for TZS 3,800,000. The supplier offered her a trade discount of 2%. How much would be the amount due to the supplier?

1. TZS 3,816;000 
2. TZS 3,800,000 
3. TZS 3,724,000
4. Tzs 76,00()

v. Briella wants to start up a business dealing with Spoi-tswear retailing store, but she does not have enough capital to commence his business. The following can be used as sources of capital tbr a business, except.

1. Accounts payable
2. Revenue from business operation
3. Money borrowed from external source
4. Loan from bank

vi. What would be the double entry for cash withdrawn from bank for business use TZS 500,000?

1. Debit cash column TZS 500,000: Credit bank column TZS 500,000
2. Debit Drawings TZS 500,000: Credit cash column TZS 500.000
3. Debit bank column TZS 500,000: Credit cash column TZS 500.000
4. Debit cash column TZS 500,000: Credit cash column TZS 500,000

vii. Lema bought a machine by cheque TZS 18,000,000. What would be the effect
of this transaction in the accounting records?

1. Asset of Bank will increase, Asset of machine will decrease
2. Asset of Bank will decrease, Asset of machine will increase
3. Asset of Cash will increase, Asset of machine will decrease
4. Asset of Cash will decrease, Asset of machine will increase

viii. The following are internal users of financial statements except.

1. Managers
2. Owners
3. Investors
4. Wholesalers

ix. During the Book keeping lesson, students were taught about expenses that can be paid out of petty cash. The following are among those expenses, except.

1. Van replacement cost
2. Staff traveling cost
3. Wages cost
4. Postage cost .

x. Radhia and Ally were arguing on the primary and basic objectives of recording and keeping accurate financial information of daily business transactions of a business. Which one of the Following is the objective of hook-keeping in a business?

1. Bridge the gap between buyer and seller
2. Fair tax assessment.
3. Paying tax to the government
4. Creation of employment

2. Match the items in Column A with the responses in Column B by writing the letter of the correct responses below the corresponding item number in the table provided.

SECTION 13 (40 Marks)

Answer all questions in this section.

3. Any account is divided into columns.Mention and explain those columns.

4. Kadogoo is a student of JK secondary school expert in accounting who assists a school bursary office to perform bank reconciliation. On 3 l^st January 2023, she was issued with a cash book showing a debit balance of TZS 543,000 and a bank statement with a credit balance of TZS 320,500.

With five (05) points explain the reasons for this difference.

5. Utopolo Traders bought goods worth Tshs 5,000,000 from Kamongo Stores. Kamongo is offered a trade discount of 10% and Cash discount of 5% if the customer pays the bill within 30 days. Use the information provided to calculate the following:

1. Trade discounts

2. Amount due to Utopolo stores.
3. Discount received if he paid within 30 days
4. Net amount to be paid to Kamongo stores.

6. Enter the following in the petty cash book, using separate columns for postage, carriage, stationery and sundry expenses, Balance the book as at 10th January.

• Jan 4 Received cash from main cashier . . . . . . . shs 25000
• 4 paid for postage . . . . . . . shs 1500
• 5 paid for stationery . . . . . . . shs 3500
• 5 paid for carriage. . . . . . . shs 550
• 6 paid for postage stamps. . . . . . . shs 4300
• 7 paid for carriage. . . . . . . shs 800
• 7 paid for telegram. . . . . . . shs 3000
• 8 paid for stationery. . . . . . . shs 250
• 8 paid transport charge. . . . . . . shs 1600
• 9 Paid for wages . . . . . . . shs 4000

9 Received cash in order to restore imprest

SECTION C (45 Marks) 

Answer all questions in this section.

7.From the following cash book prepare Trial Balance as at 30^th April 2022

DR. CASH BOOK CR.

8. 0n 31^st March 2022 the bank column on cash book showed a debit balance of 60,000/=. A bank statement showed a balance of 512,000/= written tip to 31 March 2022 disclosed that the following items had not been entered in the cashbook:

1. The sum of TZS 150,000/= received from Mtwiki by credit transfer
2. The payment of TZS 100, 000/= for Standing orders as instructed by Account holder had been made by the bank.
3. Bank charges TZS 18, 000/=.

On receiving the bank statement, the following items were discovered:

1. Cheques drawn in favour of creditors amounting to TZS 830,000/= had not yet been presented
2. Cash and cheques TZS 410. 000/= had been entered in the cashbook but not yet credited by the bank.

You are required to prepare as at 31^st March 2022:

1. Adjusted cash book balance
2. A Bank Reconciliation statement as on 31' March 2022, showing the balance as per adjusted cash book

9. The financial year of Chakechake enterprise ends on 31^st December annually. The following information has been extracted from the stores' accounting records for the year ending 31^st December, 2022.

Use the information provided to prepare the store's income statement for the year ending 31^st December, 2022 and a statement of financial position as at 31^st December, 2022.

THE PRESIDENT’S OFFICE REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT

MOSHI MUNICIPAL COUNCIL

SECONDARY EDUCATION EXAMINATIONS SYNDICATE

062 BOOK KEEPING

FORM TWO MOCK EXAMINATION 

Friday 01^th 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

(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.

SECTION B: (20MARKS)

Answer all questions in this section 

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

.3(b) Complete the gaps in the following table

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 1^st December to 5^th December 2000.

December 1^st received from main cashier Tshs 40,000=

1^st paid sweeping charges Tshs 5,000=

1^st bought coffee, tea and sugar Tshs 6,200=

1^st paid telegram charges Tshs 11,200=

^2nd  paid carriage Tshs 7,500=

2^nd bought postage stamps Tshs 2,500=

3^rd bought stationary Tshs 4,300=

4^th paid carriage Tshs 700=

5^th 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 31^st December 2010

NOTE: He receives the following Bank Statements from his manager 

BANK STATEMENT

Require:

a)Prepare adjusted Cash Book

b). Prepare bank reconciliation statement starting with balance as per adjusted Cash Book

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, 30^th 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.

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:

Answers: