FORM TWO BKEEPING NECTA MULTIPLE CHOICE(2003-2020)
FORM TWO BKEEPING MULTIPLE CHOICE 2023

Student's Assessment Number . . . . . . . . .

THE UNITED REPUBLIC OF TANZANIA NATIONAL EXAMINATIONS COUNCIL OF TANZANIA FORM TWO NATIONAL ASSESSMENT

062 BOOK KEEPING

Time: 2:30 Hours Year: 2023

Instructions

  1. This paper consists of sections A, B and C with a total of nine (9) questions.
  2. Answer all questions in the spaces provided.
  3. Section A carries fifteen (15) marks, section B forty (40) marks and section C carries forty five (45) marks.
  4. All writing must be in blue or black ink. 5. Non programmable calculators may be used.
  5. Cellular phones and any unauthorised materials are not allowed in the assessment room.
  6. Write your Assessment Number at the top right hand corner of 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 the given alternatives and write its letter in the box provided.

(i) The assumption that the business is to continue for a foreseeable future is based on

  1. the going concern concept.
  2. the historical cost concept.
  3. the duality concept.
  4. the business entity concept.

(ii) Which of the following set of accounts represent impersonal accounts?

  1. Shihata Ltd and real
  2. Masumbuko and nominal
  3. Real and nominal
  4. Cash and creditors

(iii) Mr. Munga bought goods on credit from Jese. How should this transaction be recorded?

  1. Dr Purchases, Cr Jese
  2. Dr Jese, Cr Purchases
  3. Dr Munga, Cr Jese
  4. Dr Cash, Cr Purchases

(iv) What is the name of the opening balance of an account in the beginning of a financial year?

  1. Balance carried down
  2. Balance brought down
  3. Credit balance
  4. Debit balance

(v) The following information was extracted from the financial statements of Dada Traders: Furniture TZS 10,000,000; Machine TZS 52,000,000; Bank TZS 15,000,000; Liabilities TZS 16,000,000. How much would be the amount of capital?

  1. TZS 77,000,000
  2. TZS 61,000,000
  3. TZS 16,000,000
  4. TZS 67,000,000

(vi) Katuma sold goods on cash basis for TZS 5,000,000 allowing a cash discount of 5%. How much will be recorded in the three column cash book as discount?

  1. TZS 4,750,000
  2. TZS 250,000
  3. TZS 500,000
  4. TZS 5,250,000

(vii) Mr. Juma, a sole trader maintains a petty cash book under the imprest system. During the month of July 2021, he paid TZS 100,000 for staff retreat tour. which column of the petty cashbook should be used to record this expenditure? .

  1. Travelling expenses
  2. Office expenses
  3. Postage expenses
  4. Ledger accounts

(viii) What is the major purpose of preparing a Trial Balance?

  1. Checking the correctness of posting the accounting records.
  2. To test the completeness of recording the transactions.
  3. Checking the level of omission of transactions in the accounting records.
  4. To test the accuracy of double entry recording.

(ix) Allen withdrew TZS 500,000 cash from bank for personal use. The double entry for this transaction should be:

  1. Debit cash account, credit bank account.
  2. Debit cash account, credit bank account.
  3. Debit drawing account, credit bank account.
  4. Debit drawing account, credit cash account.

(x) Which account would be affected if the sales day book is understated by TZS 500,000?

  1. Suspense account
  2. Debtors account
  3. Sales account
  4. Supplier's account

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FORM TWO BKEEPING MULTIPLE CHOICE 2022

Student's Assessment Number............

THE UNITED REPUBLIC OF TANZANIA NATIONAL EXAMINATIONS COUNCIL OF TANZANIA FORM TWO NATIONAL ASSESSMENT

062 BOOK KEEPING

Time 2:30 Hours Year 2022

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 forty (40) marks and section C carries forty five (45) marks.
  4. All writing must be in blue or black ink.
  5. All answers must be written in the spaces provided.
  6. Non programmable calculators may be used.
  7. Cellular phones and any unauthorised materials are not allowed in the assessment room.
  8. Write your Assessment Number at the top right hand corner of every page.

SECTION A (15 Marks)

Answer all questions.

1. For each of the items (i) — (x), choose the correct answer from the given alternatjycs and write its letter in the box provided.

(i) James, the owner of coffee shop took TZS 18,000,000 from the coffee shop account. He used the money to buy a motor vehicle for his wife. The act by James is best described as

  1. purchases.
  2. sales.
  3. drawings.
  4. capital.

(ii) Mengi sold a machine for cash TZS 8,000,000. What would be the effect of this transaction in the accounting records?

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

(iii) A Book Keeping teacher asked students in a class to define a Trial Balance. Which definition would you give?

  1. Is a statement showing a list of debit and credit balances.
  2. Is a statement showing a list of debit balances.
  3. Is a statement showing a list of credit balances.
  4. Is a statement showing a list of assets and liabilities.

(iv) The following are internal users of financial statements except

  1. managers.
  2. owners.
  3. investors.
  4. wholesalers.

(v) What would be the double entry for cash withdrawn from bank for business use?

  1. Debit cash account, credit business account.
  2. Debit business account, credit bank account.
  3. Debit bank account, credit cash account.
  4. Debit cash account, credit bank account.

(vi) Mr. Swai purchased goods on credit from Jones for TZS 3,800,000. The supplier offered him a trade discount of 2%. How much would be the amount due to the supplier?

  1. TZS 3,876,000
  2. TZS 3,800,000
  3. TZS 3,724,000
  4. TZS 76,000

(vii) 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 travelling cost.
  3. wages cost.
  4. postage cost.

(viii) The bank column of the cash book showed a credit balance of TZS 1,600,000. If the bank statement shows a standing order payment of TZS 200,000, how much would be the adjusted cashbook balance?

  1. TZS 1,200,000 debit balance
  2. TZS 200,000 credit balance
  3. TZS 1,800,000 debit balance
  4. TZS 1,800,000 credit balance

(ix) The appropriate measure to correct budget deficit of the government may involve

  1. seeking aids and grants abroad.
  2. encouraging more expenditure on unproductive sectors.
  3. reducing taxes and levy.
  4. increasing recurrent expenditure.

(x) Which error is corrected through the suspense account?

  1. Commission received of TZS 210,000 debited to sales account.
  2. Credit note issued of TZS 500,000 not recorded in the books.
  3. Purchase of office furniture TZS 450,000 debited to purchases account.
  4. Purchase of stationery TZS 250,000 entered in the books as TZS 25,000.

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FORM TWO BKEEPING MULTIPLE CHOICE 2019

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.

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FORM TWO BKEEPING MULTIPLE CHOICE 2016

A statement which shows the financial position of the business is called

  1. Tading account
  2. Profit and loss account
  3. Trial balance
  4. Balance sheet

(ii)     Given a desired cash float of Tshs. 5,000/=. If Tshs. 4, 410/= is reimbursed at the end of the period, how much will be spent in the period?

  1.  Tshs. 4,410         
  2. Tshs. 590
  3.  Tshs. 5,000   
  4.  Tshs. 9,410

(iii)   Which of the following is an example of nugatory expenditure?

  1. Payment for services received. 
  2.  Purchases of office equipment. 
  3.  Purchases of office typing machine.
  4. Payment of services not received.

(iv)    Whenever cost of goods sold is greater than sales the outcome presents:

  1.  gross profit    
  2.  gross loss 
  3.  net profit  
  4.  net loss

(v)     An officer appointed in writing by the Treasury and charged with the duty of collecting and accounting for specified public money is called

  1. Collector of revenue
  2. Receiver of revenue 
  3. Authorized office 
  4.  Accounting officer.

(vi)    Discount received is advantageous to the buyer because

  1.  it reduces the quantity of goods bought on credit
  2.  it reduces the value of goods bought on credit
  3.   It reduces the time to pay for goods bought on credit
  4. it reduces cash to be paid for the goods bought on credit

(vii)  At whith ledger are supplier personal accounts found?

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

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

  1.  bank pay-in-slip
  2. bank statement 
  3.  cheque
  4. payment voucher.

(ix)   Which of the following is not shown in he trial balance? 

  1.  Purchases.
  2.  Drawings
  3. Opening stock 
  4.  Closing stock

(x)     A credit balance in a bank account shows:

  1.  the amount available at the end of the period.
  2.  the amount that had been overspent at the end of the period
  3. the total amount paid out at the end of the period 
  4.  the total amount received at the end of the period.

THE UNITED REPUBLIC OF TANZANIA NATIONAL EXAMINATIONS COUNCIL OF TANZANIA

FORM TWO NATIONAL ASSESSMENT 2016

062   BOOK KEEPING

Duration: 2:30 Hours

SECTION A

1. For each of the items (i) — (x), choose the correct answer and write its letter

(i)A statement which shows the financial position of the business is called

A.Tading account

B.Profit and loss account

C.Trial balance

D.Balance sheet


(ii)Given a desired cash float of Tshs. If Tshs. 4, 410/= is reimbursed at the end of the period, how much will be spent in the period?

A.   Tshs. 4410 

B. Tshs. 590

C. Tshs. 5,000 

D. Tshs. 9,410


(iii)Which of the following is an example of nugatory expenditure?

A.Payment for services received. 

B. Purchases of office equipment. 

C. Purchases of office typing machine.

D. Payment of services not received.


(iv)Whenever cost of goods sold is greater than sales the outcome presents:

A.gross profit 

B. gross loss 

C. net profit 

D. net loss


(v)An officer appointed in writing by the Treasury and charged with the duty of collecting and accounting for specified public money is called

A.Collector of revenue

B.Receiver of reven ue 

C. Authorized office 

D. Accounting officer.


(vi)Discount received is advantageous to the buyer because

A.it reduces the quantity of goods bought on credit

B.it reduces the value of goods bought on credit

C.It reduces the time to pay for goods bought on credit

D.it reduces cash to be paid for the goods bought on credit


(vii)At which ledger are supplier personal accounts found?

A.Norminal ledger

B.General ledger 

C. Purchases ledger 

D. Sales ledger.


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

A.bank pay-in-slip          

B.bank statement 

C. cheque

D. payment voucher.


(ix)Which of the following is not shown in he trial balance? 

A. Purchases.

B.Drawings

C.Opening stock 

D. Closing stock


(x)A credit balance in a bank account shows:

A.the amount available at the end of the period.

B.the amount that had been overspent at the end of the period

C.the total amount paid out at the end of the period 

D. the total amount received at the end of the period.


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FORM TWO BKEEPING MULTIPLE CHOICE 2015

(i)       Which of the following is the definition of a balance sheet?

  1. A list of balances after calculating net profit 
  2.  A statement of all liabilities.
  3. A trial balance ata different date.
  4.  A list of balance before calculating net profit.

(ii)      The purchases day book can be described as:

  1. part of the double entry system
  2.  a list of purchases bought on credit 
  3.  a list of suppliers accounts
  4.  a list of purchases bought for cash.

(iii)    Which ofthe following describes the meaningofa trial balance?

  1.  Is the final account in the books.
  2. Shows all the assets balances. 
  3.  Is a list of the balances on the books.
  4.  Discloses the financial position of a business.

(iv)    Which of the following is not personal account?

  1.  Rent and debtors
  2.  Debtors and drawings
  3. Debtors and creditors 
  4.  Drawings and rent

(v)    A cash discount is described as a reduction in the sum to be paid:

  1.   if goods are bought on credit and not for cash
  2.  if either cheque or cash payment is made within an agreed period
  3.  if cash is paid instead of cheques
  4.  if trade discount is also deducted

(vii)  What is meant by trade discount?

  1.  A discount given if the invoice is paid
  2.  A discount given for cash payment
  3.  A discount given to suppliers 
  4.  A discount given to traders

(vii)  What is meant by trade discount?

  1.  A discount given if the invoice is paid
  2.  A discount given for cash payment
  3.  A discount given to suppliers 
  4.  A discount given to traders

(vi)    A cash discount is described as a reduction in the sum to be paid:

  1.   if goods are bought on credit and not for cash
  2.  if either cheque or cash payment is made within an agreed period
  3.  if cash is paid instead of cheques
  4.  if trade discount is also deducted

(ix)    In the trading account, the sales returns should be:

  1.   added to cost of goods sold
  2.  deducted from purchases
  3.   deducted from sales 
  4.  added to sales

(x)      The journal is described as:

  1.    part of the double entry system
  2.  a form of sales day book
  3.  a form of diary
  4.  a supplement to the balance sheet

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FORM TWO BKEEPING MULTIPLE CHOICE 2014

Which of the following statements is incorrect?

  1. Assets — Capital = Liabilities 
  2.  Liabilities +CapitaI = Assets
  3.  Liabilities + Assets = Capital 
  4.  Assets - Liabilities = Capital

Which of the following is a liability?

  1.  Machinery
  2. Accounts payable for goods
  3.  Motor vehicles 
  4.  Cash at bank

(iii)     Which of the following best describes the meaning of sales?

  1.  Goods bought for cash
  2.    Goods bought on credit
  3.  Goods bought for resale
  4. Goods paid for cash and credit

(iv)     What is meant by book keeping?

  1.  An art of recording business transactions.
  2. An art of recording cash transactions. 
  3.  An art of recording bank transactions.
  4. An art of recording cash and credit transactions.

(v)       Which of the following is correct?

  1.  Profit does not change capital. 
  2.  Profit reduces capital
  3.  Capital can only come from profit.
  4.  Profit increases capital.

(vi)     In government accounting the term family includes an officers:

  1. wife and children
  2. father, wife and children
  3. and all relatives
  4.  mother, father, wife and children

(vii)    Net profit is calculated in the:

  1.  trading account
  2.  trial balance
  3.  balance sheet
  4. profit and loss account

(viii)  The gross profit can be described as:

  1. excess of sales over cost of goods sold
  2. sales less purchases
  3.  cost of goods sold plus opening stock 
  4.  net profit less expenses of the period

(ix)     The sales day book can be described as:

  1.    part of the double entry system
  2. a list of credit sales
  3. a list of supplier accounts 
  4.  part of real accounts

(x)       A debit balance of Sh. 25,000 in a cash account shows that:

  1.  there was Sh. 25,000 cash in hand
  2. cash has been overspent by Sh. 25,000
  3.  Sh. 25, 000 was the total of cash paid out
  4. the total of cash received was less than 25, 000

2014 - BOOK-KEEPING

SECTION A

1.       For each of the items (i) - (x), choose the correct answer.

(i)Which of the following statements is incorrect?

A.Assets — Capital = Liabilities 

B. Liabilities +Capital = Assets

C. Liabilities + Assets = Capital D. Assets — Liabilities = Capital


(ii)Which of the following is a liability?

A.Machinery

B.Accounts payable for goods

C.Motor vehicles 

D. Cash at bank


(iii)Which of the following best describes the meaning of sales?

A.Goods bought for cash

B.Goods bought on credit

C.Goods bought for resale

D.Goods paid for cash and credit


(iv)What is meant by book keeping?

A.An art of recording business transactions.

B.An art of recording cash transactions. 

C. An art of recording bank transactions.

D. An art of recording cash and credit transactions.


(v)Which of the following is correct?

A.Profit does not change capital.

B.Profit reduces capital

C.Capital can only come from profit.

D.Profit increases capital.


(vi)In governmentaccountingthe term family includes an officers:

A.wife and children

B.father, wife and children

C.and all relatives

D.mother, father, wife and children


(vii)Net profit is calculated in the:

A.trading account

B.trial balance

C.balance sheet

D.profit and loss account


(viii)The gross profit can be described as:

A.excess of sales over cost of goods sold

B.sales less purchases

C.cost of goods sold plus opening stock 

D. net profit less expenses of the period


(ix)The sales day book can be described as:

A.part of the double entry system

B.a list of credit sales

C.a list of supplier accounts 

D. part of real accounts


(x)A debit balance of Sh. 25,000 in a cash account shows that:

A.there was Sh. 25,000 cash in hand

B.cash has been overspent by Sh. 25,000

C.Sh. 25, 000 was the total of cash paid out

D.the total of cash received was less than 25, 000


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FORM TWO BKEEPING MULTIPLE CHOICE 2013

(i) An officer in public service who controls public money is called

  1.  Accounting Officer 
  2. Authorized Officer
  3. Paymaster General
  4.  Receiver of Revenue

When cash is paid into the bank the effect is:

  1.  assets of cash increase while bank assets decrease
  2. assets of the bank increase while cash decreases
  3. assets of the business increase while liabilities of the business decrease
  4. fixed assets decrease

(iii)    The total of sales Journal is entered on the:

  1.    credit side of the sales account
  2.   credit side of the sales day book
  3. debit side of the sales journal
  4. debit side of the sales returns account

(iv)    Purchases invoice provides information to be entered in:

  1.  Purchases Journal
  2. Purchases Returns Journal
  3. Sales Journal
  4. Sales Returns Journal

(v)      A Trial Balance is prepared in the business in order to:

  1.  calculate profit or loss
  2. check bank balance
  3. check the accuracy of ledger entries
  4. provide a list of assets and liabilities

(vi)    An account where revenues collected by the Government are deposited before allocating to the Accounting officers is known as:

  1.  current
  2.  exchequer account
  3. government account 
  4.  personal account

(vii)  Which of the following is listed in the bank statement but not in the Customers Cash book?

  1.  Bank charges
  2. Opening balances in the Cash book
  3.  Unaccredited cheques D. Unpresented cheques

(viii)The total return inwards is posted to the:

  1.   credit side of the Purchases account
  2.  credit side of the Sales account
  3. debit side of the Purchases account
  4. debit side of the Sales account

(ix)    The cash or goods taken from the business by the owner for personal use are known as:

  1.  contra-entry
  2. drawings
  3.  gains
  4.  losses

(x)      Which of the following is a liability?

  1. Cash balance
  2. Debtors
  3.  Loan from NBC
  4.   Loan to Anna

2013 - BOOK-KEEPING

SECTION A

1.      For each of the following items, write the letter of the correct answer.

(i)An officer in public service who controls public money is called

A.Accounting Officer B. Authorized Officer

C.Paymaster General

D.Receiver of Revenue


(ii)When cash is paid into the bank the effect is:

A.assets of cash increase while bank assets decrease

B.assets of the bank increase while cash decreases

C.assets of the business increase while liabilities of the business decrease

D.fixed assets decrease


(iii)The total of sales Journal is entered on the:

A.credit side of the sales account

B.credit side of the sales day book

C.debit side of the sales journal

D.debit side of the sales returns account

(iv)Purchases invoice provides information to be entered in:


A.Purchases Journal

B.Purchases Returns Journal

C.Sales Journal

D.Sales Returns Journal


(v)A Trial Balance is prepared in the business in order to:

A.calculate profit or loss

B.check bank balance

C.check the accuracy of ledger entries

D.provide a list of assets and liabilities


(vi)An account where revenues collected by the Government are deposited before allocating to the Accounting officers is known as:

A.current

B.exchequer account

C.government account D. personal account


(vii)Which of the following is listed in the bank statement but not in the Customers Cash book?

A.Bank charges

B.Opening balances in the Cash book

C.Unaccredited cheques D. Unpresented cheques


(viii)The total return inwards is posted to the:

A.credit side of the Purchases account

B.credit side of the Sales account

C.debit side of the Purchases account

D.debit side of the Sales account


(ix)The cash or goods taken from the business by the owner for personal use are known as:

A.contra-entry

B.drawings

C.gains

D.losses


(x)Which of the following is a liability?

A.Cash balance

B.Debtors

C.Loan from NBC

D.Loan to Anna


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FORM TWO BKEEPING MULTIPLE CHOICE 2012

Properties held in the business for a long time are called:

  1.  assets
  2.  current assets
  3. fixed assets
  4.  fixed capital

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

  1.  bank statement
  2. invoice
  3. pay-in-slip
  4.  payment voucher

(iii)     The Government financial year of Tanzania starts from:

A.         1 st January to 31 st December each year

B.        1st January to 31st December the following year

C.        1st July to 31 st December of the following year 

D.         1 st July to 30 th June of the following year


(iv)     Which of the following are sources of Government revenue?

  1. Taxation, Central Bank, Paymaster General
  2. Taxation, Dividends from investments, Ambit of vote
  3. Taxation, Grants, Aids, Interest from Investments 
  4. Taxation, license fees, Receiver of revenue

(v)       Value of closing stock is found by:

  1.  adding opening stock to purchases
  2. deducting purchases from sales
  3. doing stock taking
  4.  looking in stock

(vi)     Customers personal accounts are found in:

  1.  general ledger
  2. private ledger
  3. purchases ledger 
  4.  sales ledger

(vii)    Which of the following is not the objective of book-keeping?

  1.  Business control
  2. Determination of profits
  3. Fair tax assessment
  4.  Obtain job

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

  1. cash, bank, debtors, stock 
  2. debtors, stock, bank, cash
  3.  debtors, stock, cash, bank 
  4.  stock, debtors, bank, cash

(ix)Which of the following statements is correct?

  1.  Capital can only come from profit
  2.  Profit does not change capital
  3.  Profit increases capital 
  4.  Profit reduces capital

(x)    With a petty cash imprest in hand of Tshs. 150,000/= a petty cashier who has spent Tshs. 92,000/= will require a reimbursement of: 

  1.  Tshs.
  2.  Tshs.
  3. Tshs. 92,000/D. 
  4. Tshs.50,000

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FORM TWO BKEEPING MULTIPLE CHOICE 2011

A book which is used to record minor expenses of the firm is called:

  1. cash book
  2. journal
  3. petty cash book
  4. three column cash book

(ii)       Which of the following is an example of nominal account?

  1. Cash
  2. Machine
  3. Stock
  4. Sundry creditors

(iii)     The exchequer account is under the control of:

  1.  Accounting Officer
  2.  Controller and Auditor General
  3.  Paymaster General
  4. Treasury

(iv)     Which of the following is not used in connection with cheque payments?

  1. customer
  2. drawee
  3. drawer D
  4.  payee

(v)       The following are examples of real account:

  1.  cash and rent
  2. debtors and creditors
  3. machinery and building
  4.  sales and purchases

(vi)     Another name for two column cash book is:

  1.  double column cash book
  2. petty cash book
  3.  single column cash book 
  4.  three column cash book

(vii)    The sale of goods on credit to Kazamoyo amounting to Tshs.

400,000/= should be recorded as:

  1.  debit cash account, credit sales account
  2.  debit Kazamoyo account, credit cash account
  3. debit Kazamoyo account, credit sales account
  4. debit sales account, credit Kazamoyo account

(viii)The excess of sales over cost of goods sold is called:

  1.  gross loss
  2. gross profit
  3.  net loss
  4.  net profit

(ix)    The term "Nugatory expenditure" refers to:

  1.  expenditure incurred on buying
  2. fund into which all government revenue is reserved
  3.  money spent on the purchases of government vehicles
  4. payments made for which the government has received no value

(x)      A credit balance in the cash column of the cash book means:

  1.  more is spent than what has been received
  2. posting error
  3.  some amount is stolen
  4.  totalling error

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FORM TWO BKEEPING MULTIPLE CHOICE 2010

Business transaction is classified into:

  1. Two categories
  2. Three categories
  3.  Four categories 
  4.  Five categories

Which of the following is not a book of original entry?

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

(iii)    The purchases of machinery for a business paid by cheque should be debited to:

  1.   bank account, credit machinery account
  2.  cash account, credit machinery account 
  3.  machinery account, credit bank account
  4.  machinery account, credit cash account.

(iv)    The money or money worth put into business by the owner is known as:

  1.  assets
  2. business
  3. capital
  4. investment

(v)      A cheque which is denied payment by the bank is known as:

  1.  bank cheque
  2.  dishonoured cheque
  3.  honoured cheque
  4. uncredited cheque

(vi)    The total of the discount allowed in a cash book is posted to the:

  1.  credit of the discount allowed account
  2.  credit of the discount received account
  3. debit of the discount allowed account
  4. debit of the discount received account

(vii)  Unpresented cheques are those which appear on:

  1.  credit side of bank sheet but not seen on the debit side of cash book.
  2.  credit side of the cash book but not seen on the debit side of bank statement.
  3. debit side of bank sheet but not seen on the credit side of cash book.
  4. debit side of the cash book but not seen on the credit of bank statement.

(viii) The document which gives description of goods bought on credit is:

  1. cash sale
  2. credit note
  3.  invoice
  4.  receipt

(ix)    An alternative name for a purchases journal is:

  1.  cash purchases
  2. purchases day book
  3. sales day book 
  4.  sales ledger

(x)      The credit entry for net profit is on the credit side of the:

  1.  capital account
  2.   drawing account
  3.   profit and loss account 
  4.  trading account.

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FORM TWO BKEEPING MULTIPLE CHOICE 2009

Returns inwards deals with goods:

  1.  Purchased on credit
  2.  Returned by the firm to the supplier
  3. Returned to the customer by the firm 
  4. . Returned to the firm by its customer

Cash or goods taken out of the business for private use are known as:

  1.  Balance
  2. Drawings
  3.  Loss
  4.  Profit

(iii)     A document issued to the customer whenever a customer returns goods to the suppler is called.

  1. Credit note
  2. Debit note
  3.  Invoice
  4. Pro-forma invoice

(iv)     Posting is:

  1.  Making statement of money worthiness of a business organization.
  2.  Selling the assets which are easily bought
  3. Sending letters, parcels and order to the post office
  4. The process of transferring the debits and credits items from the journal to the respective accounts in the ledger.

(v)       One of the following reasons allows the goods to be returned to the supplier:

  1. Consumable goods
  2. durable goods
  3. expired goods
  4. perishable goods

(vi)     One of the objectives of book keeping is to:

  1. allow fair tax assessment
  2.  avoid payment of tax
  3. get employment
  4.  know how to steal money

(vii)    One of the items which appears in the bank statement but not in the cash book which causes the differences of the balance is called:

  1. credit note
  2.  direct deposit
  3.  uncredited cheque
  4.  unpresented cheque

(viii)The column in the account which shows the page of the ledger is called:

  1. details
  2.   folio
  3. ledger account 
  4. particular

(ix)     What will be the amount of capital from the following items? Premises Tshs. 200,000; Debtors Tshs. 170,000; Stock Tshs. 350,000; Creditors Tshs. 50,000; Loan from Ally Tshs.

220,000

  1.  Tshs. 450,000 
  2. . Tshs. 480,000
  3. Tshs. 505,000 
  4. . Tshs. 540,000

(x)       The total of the bought journal at the end of every month is:

  1.  Credited to the individual Creditors account in Bought Ledger
  2. Credited to the Sundry Creditors account in the Ledger
  3. Debited to the nominal account in the General Ledger
  4.  Debited to the purchases account in the General Ledger

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FORM TWO BKEEPING MULTIPLE CHOICE 2008

(i)If the assets of a business amount to Tshs.  and owners capital is Tshs.  how much is the liability of the business? 

  1.  Tshs.
  2. Tshs.
  3.  Tshs. 45,000/
  4.  Tshs.

Katubi bought goods valued Tshs. 60,000/= on credit from Mwambasha. Therefore Mwambasha is a:

  1. customer
  2.  creditor
  3.  debtor
  4.  purchases

(iii)   Given a desired cash float ofTshs. 10,000/ = ,if Tshs. is spent, how much will be reimbursed?

  1. Tshs. 2,800
  2.  Tshs.7,200
  3.  Tshs.7,300
  4.  Tshs.10,000

(iv)    Which of the following is correct?

  1.  Capital can only come from profit
  2. Profit does not change capital
  3. Profit increases capital 
  4.  Profit reduces capital

(v)     An officer who controls Public Money is known as:

  1. Authorized Officer 
  2. Accounting Officer
  3. Paymaster General
  4.  D.  Receiver of Revenue

(vi)    In the Trading Account the Returns inwards should be:

  1.  added to cost of goods sold
  2. added to scale
  3. deducted from purchases
  4.  deducted from sales

(vii)  The arithmetical accuracy of the double entry system of business transactions is checked from the:

  1.  Balance Sheet
  2. Final Accounts
  3.  Income Statements 
  4. Trial Balance

(viii)The sale of goods on credit to Maganga should be recorded in:

                debit                                credit

A.

Cash Account

Sales Account

B.

Magangas Account

Cash Account

C.

Magangas Account

Sales Account

D.

Sales Account

Magangas Account

(ix) Capital and drawings accounts are classified as:

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

(x) Which of the following is not correct?


 Assets

Liabilities

Capital
A
 6,540
 1,120 
5,420
B

7,850

1,250

6,600
C

8,200

2,800

5,400
D

9,550

2,800

5,400

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FORM TWO BKEEPING MULTIPLE CHOICE 2007

The cash or goods taken out from the business for private uses are known as:

  1.  profit
  2.  loss
  3. drawings 
  4.  assets

Book-keeping is mainly concerned with:

  1. the arranging of books in alphabetical order
  2.  recording of financial data relating to business operations
  3.  creating employment to people 
  4.  providing loans to people

(iii)      The account has two sides which are:

  1.  inside and outside
  2. opening side and balancing side
  3.  debit side and credit side
  4. closing side and bankers side

(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 statement used to check the correctness of the cash book balance and bank statement balance is known as:

  1.  trial balance statement
  2.  balance sheet statement
  3. bank reconciliation statement
  4.  assets and capital statement

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

  1. fixed capital  
  2. fixed assets
  3. assets 
  4.  current assets

(vii)    A cheque drawn 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.  a standing order 
  2. dishonoured cheque
  3.  credit transfer 
  4.  an unpresented cheque

(viii)The Government financial year of Tanzania starts from:

  1.    1 st January to 31 st December each year
  2.  1 st July to 30 th June the following year
  3.   1st January to 31 st December the following year 
  4.  1 st July to 31st December of the following year

(ix)    The following is not a source of government revenue:

  1.  net salaries   
  2. taxes
  3. licenses 
  4.  loans

(x)      The proper document used for depositing money in the bank is known as:

  1. payment voucher 
  2.  pay in slip
  3.  invoice 
  4.  bank statement

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FORM TWO BKEEPING MULTIPLE CHOICE 2005

This is one of the objectives of book-keeping;

  1. To check the arithmetic accuracy in recording the account
  2. To show the debtors and creditors
  3.  Determination of profit 
  4.  To sell the goods

Business entity concept is:

  1. The owner of business has all control of the business
  2. Universal acceptance that a business is separated from the Owner(s)
  3.  Business accounts are kept together with those of the Owner
  4.  Debts of the owner(s) are those of the business

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

  1.  A stock, Debtors, Bank, Cash
  2.  Debtors, Stock, Bank, Cash 
  3.   Cash, Bank, Debtors, Cash
  4. Debtors, Stock, Cash, Bank

(iv)    The term "Nugatory expenditure" refers to:

  1. Fund into which all Government revenue is reserved
  2.  Expenditure for which the Government has received no value
  3.  Money to spend on the purchases of Government vehicles
  4. Expenditure incurred on buying

(v)      Which of the following account has a credit balance in the general ledger?

  1. Carriage inwards 
  2.  Carriage outwards
  3. Returns inwards
  4. Returns outwards

The main books and those in which the Double entry system of book keeping is kept are generally known as:

  1. Principle books
  2. The ledger books
  3. The cash book
  4.  The general Ledger

(vii)  The document which shows the firms or the customers amount as it stands at the bank:

  1.  Bank Reconciliation Statement
  2.  Bank statement
  3.  Bank balances  
  4. Customers bank balance

(viii)The periodical total of the purchases day book is transferred to the:

  1.  Dept side of the Purchase Account
  2. Credit side ofthe cash book
  3. Debit side of the bank account
  4.  Credit side of the personal account of suppliers

(ix)    The cost of putting goods into a saleable condition should be charged to:

  1.  Profit and Loss Account
  2. Trading Account
  3.  Balance sheet
  4. None of the above

(x)      When a petty cash book is kept there will be;

  1. The same number of entries in the general ledger
  2.  Fewer entries made in the general ledger
  3. More entries made in the general ledger
  4. No entries made at all in the general ledger

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