FORM TWO BKEEPING EXAMS SERIES

THE PRESIDENT’S OFFICE MINISTRY OF EDUCATION, REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT

COMPETENCY BASED SECONDARY EXAMINATION SERIES

BOOK KEEPING

FORM TWO- SEPT 2022

 

INSTRUCTIONS

  1. This paper consist of section A, B and C
  2. Answer all questions
  3. All writings should be in blue or black ink pen except drawings which must be in pencils
  4. Cellphone and calculators are not allowed in the examination room

 

SECTION A

Answer all question in this section.

  1. For each of the following items (i) to (x) choose the most correct answer and write its letter beside the item number in space provided.
  1. Which of the following is nominal account?
  1. Bank account
  2. Furniture account
  3. Motor running expenses
  4. Bank overdraft
  1. What would you consider to be the main source of government revenue
  1. Royalties
  2. Fees
  3. Penalties
  4. Taxes
  1. Net profit is calculated in the …………
  1. Statement of financial position
  2. Income statement
  3. Trial balance
  4. Columnar cash book
  1. An officers who control public money is known as
  1. Paymaster General
  2. Accounting Officer
  3. Authorized Officer
  4. Receiver of revenue
  1. A cheque which is not accepted for payment by the bank due to insufficient fund in the drawer’s bank account is known as
  1. Uncredited cheque
  2. Unrecorded cheque
  3. Open cheque
  4. Dishonoured cheque
  1. Which among the following is the correct record for the goods taken from business for personal use?
  1. Debit Pill’s A/C and credit purchases A/C
  2. Debit drawings A/C and credit cash A/C
  3. Debit Drawings A/C and credit cash A/C
  4. Debit purchases A/C and credit pill’s A/C
  1. The double entry for a credit sales transaction for Tshs.700 is
  1. Debits Debtor’s A/C and credit sales A/C
  2. Debit Cash A/C and credit sales A/C
  3. Debit Sales A/C and credit cash A/C
  4. Debit receivable A/C and credit cash A/C
  1. Assume that you are the manager of NMB, then you write a cheque and sent it to Mussa, then Musa is a
  1. Payee
  2. Drawer
  3. Receiver
  4. Drawee
  1. Suppose a petty cashier was given Tsh 1000/= as a cash float of the month. At the end of the period Tshs 850/= was spent. Now a petty cashier is to be reimbursed with
  1. Tshs 1000
  2. Tshs 150
  3. Tshs 850
  4. Tshs 1850
  1. Sometimes a transaction may appears on both credit and debit side of two column cash book, before that transaction is known as
  1. A discount entry
  2. A credit entry
  3. Simple entry
  4. Contra entry
  1. For each of the items(i) – (v) match the descriptions of accounting concepts terms in Column A with their corresponding terms in Column B by writing the letter of the correct response beside the item number in the answer booklet provided.

 

COLUMN A

COLUMN B

  1. All incomes, expenses assets and liabilities and recorded at the price paid for the.
  2. The business will continue to trade for the foreseeable future
  3. Matches between the resources used by the business and the benefits derived from the use of those resources.
  4. Only transaction that can be measured in monetary terms should be included in the books of an account.
  5. Every financial transactions has a twofold effect on the position of the business as recorded in the books of accounts.
  1. Going concern concept
  2. Materiality concept
  3. Money measurement concept
  4. Cost concept
  5. Consistency
  6. Business entity concept
  7. Duality
  8. Matching concept

 

SECTION B (40 MARKS)

Answer all questions in this section.

  1. (a)Complete the following table and show which accounts are to be debited and which accounts are to be credited.

 

 

(b)Source documents are detailed documents from which information to be entered in the Subsidiary book are extracted and because of these documents a business owner is able to track all daily transactions to be recorded in the books of prime entry Outline five (5) source documents used in book-keeping.

 

  1. (a)Sometimes accounting errors occur but not affect the agreement of a trial balance, mention four (four (4) errors which do not affect the agreement of a trial balance.

 

(b)Accounting records reports provide information to various interested parties (Users) and serve very useful purposes in the business. Identify six (6) users of accounting information.

 

  1. By using ACCOUNTING QUATION, complete the following table

 

  1. Kulwa is a Star secondary school accounting expert who assist a school bursary office to perform bank reconciliation on 30th March 2022, he was issued with a cash book and a bank statement showing a closing balance of Tshs. 6,578,300/= and Tshs. 7,557,300/= respectively. In five (5) points mention the reasons of this difference to arise.

 

  1. From the following trial balance of Katundu, a sole trader extracted after one years of operations, prepare income statement for the year ended 30th June 2020 and statement of financial position as at 30th June 2020.

KATUNDU

TRIAL BALANCE AS AT 3OTH JUNE 2020

 

ADDITION INFORMATION

Closing stock (30/6/2020) was Tshs 5500/=

 

  1. ABC Co. ltd cash book showed the following balances on 31st March 2019

Cash column Tshs 28,000 (DR)

Bank Column Tshs 435,000 (CR)

 

The following transactions took place for the month of April.

April 2:  received a cheque from Bongo in full settlement of his bill in Tshs. 450,000 less 3% cash discount.

April3:  cash sales Tshs. 180,000/=

April 6: Received cash from Ndegu less 5% cash discount in settlement of his debt of Tshs. 650,000/=

April 6:  Banked in the evening Tshs 730,000/=

April 14: Paid brazas Tshs. 712,000 by cheque in full settlement of his bill of Tshs 750,000/= as discount

April 16: Paid office cleaners half month salary in cash Tshs. 45,000

April 22: Cash sales amounted to Tshs. 112,000/=

April 25: made personal drawing by cheque Tshs 30,000/=

April 28: Draw a cheque for Tshs 40,000 for office use

Required: Prepare a three column cash book.

 

  1. While extracting a trial balance of MbatiCo.ltd as at 31st December 2008, it was observed that the total debit side exceeded the total credit ride by 23,800/= investigation through the year revealed the following
  1. TShs. 2200/= received from the debtor had been debited to his account ………….
  2. A payment of Chacha Tshs. 15,000/= had not been entered in his account ……….
  3. Sales had been over casted by Tshs 1500/= …………..
  4. A cash purchase of Tshs. 232/= had been recorded in the purchases account only but yet recorded in the cash Account. ……………..
  5. Returns outward account had not been credited with an amount of Tshs 6132/=

REQUIRED: Prepare the Journal entries to correct the above errors as well as the Suspense Account.

LEARNINGHUBTZ.CO.TZFORM TWO BKEEPING EXAM SERIES 120

PRESIDENT’S OFFICE

REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT

MID TERM ONE EXAMINATIONS 

 BOOK KEEPING

 FORM TWO 

       062                                                                      

TIME: 2:30 HOURS                                                      March    2022

image

                                                                                     

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? 

             A. To interpret the double entry records

B.     To prepare financial statements at a regular intervals

C.     To record all the financial transactions of the business

D.    To summarize the financial position of the business.

 

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

A.    It ensures the ledger accounts contain no errors

B.     It indicates errors where errors have arisen 

C. It checks the arithmetical accuracy of double entry

D. It prevents errors from occurring.

 

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

B.     Personal accounts

C.     General accounts 

D. 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)

A.    1 and 2

B.     2 only

C.     3 only 

D. 1 and 3.

 

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

A.    Fines and penalties

B.     Direct taxes and indirect taxes 

C.Open taxes and closed taxes

D. Fees and dividends.

 

(vi)             Why an income statement is prepared?

A.    To account for the revenues and expenses of a period

B.     To calculate the surplus or deficit of the organization 

C. To list the ledger balances on a particular date

D. 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?

A.    Historical cost

B.     Going concern

C.     Money measurement

D.    Business entity.

 

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

A.    Expenses

B.     Income

C.     Drawing

D.    Profit.

 

(ix)             What is the going concern principle?

A.    Accounting records are prepared assuming that the business will continue to operate in the foreseeable future

B.     Income and expense should be accounted for in the same way they were accounted for in previous periods

C.     Profit should not be anticipated and losses should be written off as soon as they are taken

D.    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?

A.    To calculate how fast trade creditors were being paid

B.     To check if the trader would be able to repay a loan 

C. To find out if customers will receive continuous supplies

D. 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)

(ii)

(iii)

(iv)

(v)

(vi)

(vii)

(viii)

(ix)

(x)

A day book where all credit sales are first recorded

A document issued by the business making a sale containing detailed information about the sale

A day book where all credit purchases transactions are first recorded

A book containing all the accounts of the credit customers of the business

A day book used to record all goods sold that are returned to business

A sale invoice viewed from the perspective of the business making the purchase

A place where transactions are first recorded before they are posted to the ledger account

A book containing all the accounts of the credit suppliers of the business

A document issued by the business when accepting returns inwards

A day book used to record all goods that are returned by the business to the original supplier

A.    Sales ledger

B.     Purchases ledger

C.     General ledger

D.    Subsidiary books

E.     Purchases day book

F.      Purchases invoice

G.    Cash book

H.    Trade discount

I.        Cash discount

J.       Discount allowed

K.    Discount received

L.     Sales day book

M.   Sales invoice

N.    Returns inwards day book

O.    Credit note

P.      Returns outwards day book

Q.    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)

(a)               _______________________________________________________________

(b)               _______________________________________________________________

(c)               _______________________________________________________________

(d)               _______________________________________________________________

(e)               _______________________________________________________________

 

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.

image

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

                         

 

 

image

60,500

 

2004                                                

Dr

Cr         

Balance

                                                             

TZS

TZS      

            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 EXAM SERIES 93

                                        

THE PRESIDENT’S OFFICE

MINISTRY OF EDUCATION, REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT

COMPETENCE BASED  SECONDARY EXAMINATION SERIES

ANNUAL  EXAMINATION

FORM TWO

 

BOOK KEEPING

       062                                                                      

TIME: 2:30 HOURS                                                      November, 2021

image

                                                                                     

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? 

            A. To interpret the double entry records

B.     To prepare financial statements at a regular intervals

C.     To record all the financial transactions of the business

D.    To summarize the financial position of the business.

 

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

A.    It ensures the ledger accounts contain no errors

B.     It indicates errors where errors have arisen 

C. It checks the arithmetical accuracy of double entry

D. It prevents errors from occurring.

 

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

B.     Personal accounts

C.     General accounts 

D. 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)

A.    1 and 2

B.     2 only

C.     3 only 

D. 1 and 3.

 

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

A.    Fines and penalties

B.     Direct taxes and indirect taxes 

C.Open taxes and closed taxes

D. Fees and dividends.

 

 

(vi)             Why an income statement is prepared?

A.    To account for the revenues and expenses of a period

B.     To calculate the surplus or deficit of the organization 

C. To list the ledger balances on a particular date

D. 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?

A.    Historical cost

B.     Going concern

C.     Money measurement

D.    Business entity.

 

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

A.    Expenses

B.     Income

C.     Drawing

D.    Profit.

 

(ix)             What is the going concern principle?

A.    Accounting records are prepared assuming that the business will continue to operate in the foreseeable future

B.     Income and expense should be accounted for in the same way they were accounted for in previous periods

C.     Profit should not be anticipated and losses should be written off as soon as they are taken

D.    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?

A.    To calculate how fast trade creditors were being paid

B.     To check if the trader would be able to repay a loan 

C. To find out if customers will receive continuous supplies

D. 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)

(ii)

(iii)

(iv)

(v)

(vi)

(vii)

(viii)

(ix)

(x)

A day book where all credit sales are first recorded

A document issued by the business making a sale containing detailed information about the sale

A day book where all credit purchases transactions are first recorded

A book containing all the accounts of the credit customers of the business

A day book used to record all goods sold that are returned to business

A sale invoice viewed from the perspective of the business making the purchase

A place where transactions are first recorded before they are posted to the ledger account

A book containing all the accounts of the credit suppliers of the business

A document issued by the business when accepting returns inwards

A day book used to record all goods that are returned by the business to the original supplier

A.    Sales ledger

B.     Purchases ledger

C.     General ledger

D.    Subsidiary books

E.     Purchases day book

F.      Purchases invoice

G.    Cash book

H.    Trade discount

I.        Cash discount

J.       Discount allowed

K.    Discount received

L.     Sales day book

M.   Sales invoice

N.    Returns inwards day book

O.    Credit note

P.      Returns outwards day book

Q.    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)

(a)               _______________________________________________________________

(b)               _______________________________________________________________

(c)               _______________________________________________________________

(d)               _______________________________________________________________

(e)               _______________________________________________________________

 

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.

image

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

                         

 

 

image

60,500

 

2004                                                

Dr

Cr         

Balance

                                                             

TZS

TZS      

            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 EXAM SERIES 77

THE PRESIDENT’S OFFICE MINISTRY OF EDUCATION, LOCAL ADMINISTRATION AND LOCAL GOVERNMENT

BOOKKEEPING- BACK TO SCHOOL EXAMINATION-JUNE

FORM TWO

Time 2:30 Hours                                                                                      JUNE 2020 

INSTRUCTIONS. 

  1. This paper consists of sections A, B and C with a total of seven (7) questions.
  2. Answer all questions.
  3. All writing must be in blue or black ink except drawing which must be in pencil.
  4. Calculators, cellular phones and any unauthorized materials are not allowed in the examination room.
  5. Write your Examination Number at the top right corner 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 the letter in the box provided.

(i) The document used to deposit money in the bank account is known as

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

 (ii) Cash or goods taken out of business for private use are called

  1. Loan to owner
  2. Cash to owner
  3. Drawings by owner
  1. Property by owner

 (iii) Which one should not be called sales?

  1. Goods sold in cash
  1. Goods sold on credit
  2. Sale of office fixtures
  3. Sales of items purchases.

 (iv) Which of the following is a liability to a business?

  1. Loan from Hali safi
  2. Loan to Uncle
  3. Loan interest
  4. Loan repayment.

 (v) Which of the following is correct about capital?

  1. Profit reduces capital
  2. Profit does not change capital
  3. Loss increase capital
  4. Profit increases capital

(vi) To which account is the total of the purchases returns journal transferred to?

  1. Returns outwards account credit side
  2. Returns outwards account debit side
  3. Returns inwards account credit side
  4. Returns inwards account debit side.

 (vii) Which one of the following is not an asset to a business?

  1. Building
  2. Cash
  3. Creditors
  4. Debtors

(vii) Which of the following are personal accounts?

  1. Buildings and creditors
  2. Wages and debtors
  3. Debtors and creditors
  4. Wages and creditors.

(ix) In which account is the net profit of the business determined?

  1. Trading account
  2. Profit and loss account
  3. Cash account
  4. Bank account

 (x) Which of the following is a ledger account?

  1. Profit and loss account
  2. Sales journal
  3. Trading account
  4. Cash account.

2. For each of the items (i) – (x), match the descriptions of the terms used in Book Keeping in List A with their corresponding names in List B by writing the letter of the correct response below the corresponding item number in the table provided.

List A

List B

(i)     The maximum amount of money an accounting officer can spend.

(ii)  The balance at any point in time remaining to the credit side of the exchequer account

(iii) The Ministry which has been generally vested the task of accounting for all the government money.

(iv) Any person who is appointed in writing to authorize the expenditures for specific items of expenditure.

(v)   Accounts for the basic services provided by the local authorities through the use of the general revenue.

(vi) A group of people who are relate to each other and are entitled for government monetary benefits.

(vii)    A financial year of the government which starts on 1st July and ends 30th June of every year.

(viii) Day to day expenses for executing operations of a government.

(ix) Estimates to cater for the capital of long term projects of the government.

(x)   Government money for the benefit of all citizens in a country.

  1. Recurrent expenditure
  2. Revenue expenditure
  3. General fund
  4. Family
  5. Development expenditure
  6. Capital expenditure
  7. Special fund
  8. Government accounting year
  9. Public money
  10. Accounting officer
  11. Treasury
  12. Authorized officer
  13. Consolidated fund
  14. Warrant holder
  15. Ambit of vote

 SECTION B (20 Marks)

Answer all questions in this section

3. Mention five users of accounting information.

(i)     ………………………………………………………………

(ii)  ………………………………………………………………

(iii) ………………………………………………………………

(iv) ………………………………………………………………

(v)   ………………………………………………………………

 4. Briefly explain the following terms:

 (a) Double entry book keeping system

(b) Account

……………… ……………………… ……… …………… …………………… ……………… …………………… 

(c) Discount received

………………………………… …………………… ……… ……………………………… …………… …………………

(d) Debtors

…………… ……… ……………… ………… ………………… ……… …………… …………… ………………… …………… ……… 

(e) Current liabilities

……………………………… ………………… ……………  ………… ……………… ……………… ……………………………………

 SECTION C (60 Marks)

Answer all questions in t his section.

 5. Enter the following balances and record the transactions for the month of April 2018 in the three column cash book of Mrs. Mwalongo, balance the cash book, and bring down the balances.

2018

April 1, Balance b/d    TZS

  Cash     11,000

  Bank      38,500

  Debtors:

  L. Sempeo    16,000

  L. Mushi    10,000

  S. Sogodi    12,000

  Creditors:

  R. Fredy    12,000

  L. Andrew    20,000

  E. Sebogo    28,000

April 3, L. Mushi paid her account by cheque, after deducting 5 percent cash discount.

April 7, Mrs. Mwalongo paid amount owing to R. Fredy by cheque, less 2.5 percent cash account.

April10, withdrew TZS 15,000 cash from the bank for office use.

April 15, Mrs. Mwalongo sold goods worth TZS 24,000 on credit to L. Mushi.

April 17, L. Sempeo paid amount owing by cheque, les 2.5 percent cash discount.

April 20, Mrs. Mwalongo paid wages by cheque TZS 31,500.

April 22, Mrs. Mwalongo paid amount owing to L. Andrew by cheque, after deducting 5 percent cash discount.

April 25, S. Sogodi paid the amount owing by cheque, less 2.5 percent cash discount.

April 28, Mrs. Mwalongo paid the amount owing to E. Sebogo by cheque, after deducting 2.5 percent cash discount.

 6. T. Thomas, a sole trader keeps his petty cash on the imprest system. The imprest amount is TZS 50,000. The petty cash transactions for the month of February 2017 were as follows:

 2017

 February 1, petty cash in hand TZS 4,670

 February 1, Petty cash restored to imprest amount

 February 3, paid wages TZS 8,760

 February 7, purchased postage stamps TZS 2,940

 February 10, paid wages TZS 9,110

 February 14, purchased envelops TZS 2,280

 February 17, paid wages TZS 8,840

 February 20, paid cash to J. Mureithi a creditor, TZS 4,160

 February 21, purchased stationary TZS 2,750

 February 24, paid wages TZS 8,480

 Record the given transactions in T. Thomas’s petty cash book for the month of February 2017 and show the restoration of the petty cash to the imprest amount as on 1st March 2017. Use the following analysis columns:

a)      Wages

b)     Stationery

c)      Postage

d)     Ledger 

 7. The following balances were extracted from the books of G. George for the year ended 31st  December 2017. Use the information provided to prepare his statement of Financial Position as at 31st December, 2017. 

Details      TZS

Capital      200,000

Loan from K. China    50.000

Loan from Uncle    150,000

Sales       140,000

Furniture     50,000

Loan to Mwajuma    50,000

Buildings     50,000

Net profit     31,270

Land      50,000

Purchases      300,000

Drawings     25,400

Salaries     150,000

Bank overdraft    39,380

Wages      100,000

Creditors     90,200

Motor vehicle     50,000

Fixtures and Fittings    220,000

Stock      23,500

Debtors     41,950

Rent      20,000

LEARNINGHUBTZ.CO.TZFORM TWO BKEEPING EXAM SERIES 23

THE MINISTRY OF EDUCATION AND LOCAL GOVERNMENT

FORM TWO MID TERM EXAMINATION- MARCH 2020

062                                                                               BOOK KEEPING

 

Duration: 2:30 Hours

 

INSTRUCTIONS.

 

  1. This paper consists of sections A, B and C with a total of seven (7) questions.
  2. Answer all questions.
  3. All writing must be in blue or black ink except drawing which must be in pencil.
  4. Calculators, cellular phones and any unauthorized materials are not allowed in the examination room.
  5. Write your Examination Number at the top right corner of every page.

 

SECTION A (20 Marks)

Answer all questions in this section.

 

 

  (i) A list of debit and credit balances extracted from ledger is known as:-

  1. Extracts
  2. Transactions
  3. Trial balance
  4. Balance sheet.

(ii) Which of the following are not advantages of Trial Balance?

  1. Help in checking arithmetical accuracy of the ledger entry
  2. It shows personal Real and nominal a/c
  3. Used in preparation of final accounts
  4. Used for decision making by the owner and others.

(iii) ______ is not recorded in trial balance. It is shown in additional information.

  1. Opening stock
  2. Closing stock
  3. Assets
  4. Expenses

(iv) The two types of accounts are:-

  1. Nominal a/c and Real a/c
  2. Personal a/c Nominal a/c
  3. Personal and impersonal a/c
  4. Nominal and Real a/c

(v) Which of the following is not real account?

  1. Building a/c
  2. Furniture a/c
  3. Debtors a/c
  4. Stock a/c

(vi) A ledger comprises of customers accounts who bought goods on credit from business firm?

  1. General ledger
  2. Sales ledger
  3. Purchases ledger
  4. Private ledger

(vii) Which of these best describes a balance sheet?

  1. A account providing the book balance
  2. A record of closing entries
  3. A listing of balances
  4. A statement of assets.

(viii) The descending order in which current assets should be shown in the balance sheet in:-

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

(ix) Which of the following are personal accounts?

  1. Buildings and creditors
  2. Wages and debtors
  3. Debtors and creditors
  4. Wages and creditors.

(x) In which account is the net profit of the business determined?

  1. Trading account
  2. Profit and loss account
  3. Cash account
  4. Bank account

2. For each of the items (i) – (x), match the descriptions of the terms used in Book Keeping in List A with their corresponding names in List B by writing the letter of the correct response below the corresponding item number in the table provided.

 

List A

List B

  1. The maximum amount of money an accounting officer can spend.
  2. The balance at any point in time remaining to the credit side of the exchequer account
  3. The Ministry which has been generally vested the task of accounting for all the government money.
  4. Any person who is appointed in writing to authorize the expenditures for specific items of expenditure.
  5. Accounts for the basic services provided by the local authorities through the use of the general revenue.
  6. A group of people who are relate to each other and are entitled for government monetary benefits.
  7. A financial year of the government which starts on 1st July and ends 30th June of every year.
  8. Day to day expenses for executing operations of a government.
  9. Estimates to cater for the capital of long term projects of the government.
  10. Government money for the benefit of all citizens in a country.
  1. Recurrent expenditure
  2. Revenue expenditure
  3. General fund
  4. Family
  5. Development expenditure
  6. Capital expenditure
  7. Special fund
  8. Government accounting year
  9. Public money
  10. Accounting officer
  11. Treasury
  12. Authorized officer
  13. Consolidated fund
  14. Warrant holder
  15. Ambit of vote

 

 

 

 

Answers:

List A

(i)

(ii)

(iii)

(iv)

(v)

(vi)

(vii)

(viii)

(ix)

(x)

List B

 

 

 

 

 

 

 

 

 

 

 

 

SECTION B (20 Marks)

Answer all questions in this section

 

3. Mention five users of accounting information.

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

 

 

4. Briefly explain the following terms:

            (a) Double entry book keeping system

………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

 

(b) Account

………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

 

(c) Discount received

………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

 

(d) Debtors

………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

 

(e) Current liabilities

………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

 

SECTION C (60 Marks)

Answer all questions in t his section.

 

5. On 31 Dec. 2007 the cash book balance of Kamwene was Tshs. 25,370. Whereas the bank statement should credit balance. The following were discovered.

  1. Cheques not presented for payment Tshs. 12,340/=
  2. Cheques paid into bank but not credited by the bank 12,340/=
  3. Items shown in the bank statement but not yet entered in the cash book.
  4. Bank charges                           240/=
  5. Standing order                                    460/=
  6. Divided                                               850/=

 

Required to

  • Adjust the cash book to show the correct cash book balance
  • Prepare a bank reconciliation statement starting with adjusted cash book balance.

6. Jackson commenced a business on 1st Jan. 2013. The following transactions were concerned:-

 

Jan. 1: commenced business with Tshs. 400,000 in cash

Jan. 2: purchase furniture by cheque 50,000

Jan. 3: purchased furniture by cash 300,000

Jan. 4: sold goods by cash Tshs. 40,000

Jan. 5: Paid electric bills by cheque 60,000

Jan. 6: paid advertising expenses 200,000

Jan. 7: paid wages 100,000

Jan. 8: sold goods paid by cheque 500,000

Jan. 21: paid transport by cash 60,000

Jan. 22: paid water bill by cheque 40,000

Jan. 23: sold goods by cheque 250,000

Jan. 24: bought goods by cheque 50,000

Jan. 28: bought goods by cash 40,000

 

Required to: Record the above transactions in two column cash book, balance off and bring down the balances.

 

7.  Prepare the balance sheet from the following information

Capital                                     14,000

Net profit                                6,000

Drawings                                 5,000

Creditors                                 2,000

Loan from NBC                      12,000

Bank over draft                       4,000

Machine                                  13,000

Motor vans                              4,000

Furniture                                 2,500

Premises                                  5,300

Stock                                       1700

Debtors                                   1500

Cash at Bank                           3,000

Cash in hand                           2,000

 

 

LEARNINGHUBTZ.CO.TZFORM TWO BKEEPING EXAM SERIES 2

Download Learning
Hub App

For Call,Sms&WhatsApp: 255769929722 / 255754805256