THE UNITED REPUBLIC OF TANZANIA NATIONAL EXAMINATIONS COUNCIL OF TANZANIA

FORM TWO NATIONAL ASSESSMENT

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.

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
4. Property by owner

(iii) Which one should not be called sales?

1. Goods sold in cash
2. Goods sold on credit
3. Sale of office fixtures
4. 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.