THE UNITED REPUBLIC OF TANZANIA NATIONAL EXAMINATIONS COUNCIL OF TANZANIA

CERTIFICATE OF SECONDARY EDUCATION EXAMINATION

062 BOOK KEEPING

(For Both School and Private Candidates)

Time: 3 Hours Year: 2020

Instructions

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

2.Answer all questions in sections A and B and two (2) questions from section C.

3.Section A carries twenty (20) marks, section B forty (40) marks and section C carries forty (40) marks.

4.Non programmable calculators may be used.

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

6.Write your Examination Number on every page of your answer booklet(s).

SECTION A (20 Marks)

Answer all questions in this section.

1. For each of the items (i) - (xv), choose the correct answer from among the given alternatives and write its letter beside the item number in the answer booklet provided.

(i)If it is required to maintain fixed capital accounts then the partners' share of profits must be

1. debited to partners' capital accounts.
2. credited to partners' drawings accounts.
3. debited to partners' current accounts.
4. credited to partners' current accounts.
5. credited to partners' capital accounts.

(ii)A statement containing particulars of the consignment is known as

1. balance sheet.
2. final accounts.
3. account sales.
4. consignment outwards.
5. profit and loss account.

(iii)A debit balance of TZS 5 ,000 in a cash account shows that

1. cash has been overspent by TZS 5,000.
2. TZS 5000 was the total of cash paid out.
3. the total of cash received was less than TZS 5,000.
4. there was TZS 5,000 cash in hand.
5. TZS 5,000 was the total of cash received.

(iv)Given a designed cash float of TZS 7 ,000, if TZS 5,410 is spent in the period and the opening cash float had been TZS 7 ,000, how much will be reimbursed at the end of the period?

1. TZS 5,410
2. TZS 17,000
3. TZS 12,410
4. TZS 1,590
5. TZS 7,000

(v)If the cost of goods sold is TZS 16,000 and the profit margin is 20%, determine the amount of sales.

1. TZS 20,160
2. TZS 13,600
3. TZS 20,000
4. TZS 21,000
5. TZS 19,200

(vi)The act of recording transactions in any subsidiary book is called

1. posting.
2. double entry system.
3. transaction.
4. balancing.
5. journalizing.

(vii)A cheque paid by a customer but not yet passed through the banking systems is called

1. stale cheque
2. dishonoured cheque
3. postdated cheque
4. unpresented cheque
5. uncredited cheque

(viii)The primary objective of trial balance is

1. to make sure that total amount of debit side and credit side are equal.
2. to detect and avoid errors and frauds.
3. to prepare trading, profit and loss account and balance sheet.
4. to test the arithmetic accuracy of the ledger.
5. to prepare suspense account.

(ix)Which document is used to deposit money in the current account?

1. Cheque book
2. Paying in slip
3. Bank statement
4. General ledger
5. Cash book

(x)What would you consider to be the main source of government revenues?

1. Royalties
2. Penalties
3. Taxes
4. Interest
5. Fees

(xi)How would a credit balance brought down on a rent income account be interpreted?

1. Rent has been paid in advance at that date.
2. Rent has been paid in excess of the required amount.
3. Rent has not yet paid until that date.
4. Rent is owed by the business at that date.
5. Rent has been paid in full amount at that date.

(xii)Which of the following would best describe the use of a control account?

1. To check the arithmetical accuracy of ledgers
2. To show costs ascertained in the ledgers
3. To show allowance given by suppliers
4. To check the debit balance of sales account
5. To show the direct costs allocated to a section of a business

(xiii)The main reason for the preparation of a manufacturing account is

1. to report all the costs incurred in producing goods and any profit realized.
2. to record every transaction resulting in incomplete records.
3. to record missing figures found in the books of accounts.
4. to deal with disposal of fixed assets.
5. to determine whether the business is profitable or not.

(xiv)How would you categorize the subscription paid in advance in the balance sheet of a non-profit making organization?

1. A current liability
2. A non-current liability
3. A current asset
4. A non-current liability
5. Accumulated fund

(xv) On which basis are selling expenses apportioned among departments?

1. Value of machinery
2. Sales
3. Purchases
4. Floor area of each machine
5. Space occupied