THE PRIME MINISTER’S OFFICE REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT

FORM ONE ANNUAL JOINT EXAMINATION

BOOK-KEEPING

Time: 2:30 November, 2026

INSTRUCTIONS

1. This paper consists of section A, B and C, with a total of nine (9) questions
2. Answer all questions from all sections
3. Section A carries fifteen (15) marks, section B carries forty (40) marks, and section C carries forty five (45) marks
4. All answer must be written in the space provided
5. All communication devices, calculators and any unauthorized materials are not allowed in the assessment room.
6. Write your assessment number in the right 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 among the given alternative and write its letter in the space provided.

i. Properties held in the firm for a long time is known as;

1. Assets

2. Current assets

3. Non-current asset

4. Fixed capital

ii. The process of making second entry is called;

1. Recording

2. Opening

3. Entering

4. Posting

iii. If the current assets amount TZS 67,000 and Non-current assets amount to TZS 100,000 and Total liabilities amount to TZS 35,000. How much is Capital?

1. TZS 32,000

2. TZS 33,000

3. TZS 132,000

4. TZS 65,000

iv. A company does not include the value of skills gained by its employees from training programs in its financial records. Which accounting concept is applied?

1. Dual aspect concept

2. Matching concept

3. Money measurement concept

4. Business entity concept

v. Which of the following statement is incorrect?

1. Assets – capital = liabilities

2. Liabilities + capital = assets

3. Liabilities + assets = capital

4. Assets – liabilities = capital

vi. Form one students were arguing on which primary and basic objective of preparing a trial balance is. Which of the following uses is the basic purpose of preparing a trial balance?

1. A trial balance is used as a tool for preparing financial statements

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

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

4. A trial balance is used to determine profit or loss of a business

vii. The goods bought for resale but remain unsold to the end of the financial year are called:

1. Returns inwards

2. Returns outwards

3. Closing stock

4. Opening stock

viii. …………………… are the books under which the transactions are entered before being posted to their respective ledgers.

1. Cash books

2. Ledger books

3. Subsidiary books

4. Accounts

ix. …………………… is a principle of book keeping which calls for “every business transaction must be recorded twice?”

1. Contra entry

2. Double entry

3. Trial balance

4. Posting

x. An art of recording financial business transactions in a set of books and in term of money or money’s worth is known as:

1. Posting

2. Journalizing

3. Book keeping

4. Double entry

2. For each of the item (i) - (v), match the description in column A with their corresponding names in column B by writing the letter of the correct response below the item number in the table provided.

SECTION B: (40 MARKS).

Answer all questions in this section

3. Accounting concepts are the fundamental rules, ideas and assumptions needed in accounting and book keeping. They are fundamental rules that must be followed while recording transactions in the books of accounts. A clear disclosure must be made in the financial records if these rules are not followed. Describe five (05) accounting concepts used in book keeping.

4. Complete the following table by indicating the account to be debited and the account to be credited from each transaction. Part F is given as an example.

5. Complete the gaps in the following table.

6. Identify whether the following accounts are nominal, real or personal.

SECTION C: (45 MARKS).

Answer all questions in this section

7. RISHASU commenced business with Tsh 80,000 on 1st February 2021. The transactions during the month were as follows: -

Feb 2, Bought goods for cash Tsh 10,000

3, Paid transport charge TShs 1,000

4, Bought packing material for cash Tsh 2,000

6, Sold goods for cash Tshs 35,000

8, Purchased Machinery Tsh 6,000

10, Bought Motor van for Cash Tsh 4,000

12, Cash Sales Tsh 20,000

18, Paid Rent Tsh 1,500

20, Paid Wages and Salaries for Cash Tsh 3,000

25, Cash purchases of furniture Tsh 7,000.

28, Sold goods costing Tsh 50,000.

Required: Enter the above transaction in the cash account.

8. Enter the following transactions into Sales journal of NOEL shop on 2019 March:

March 1. Sold on credit to God love Stores:

5 dining tables @ 6,000

6 4 side tables @ 3,000

5. Sold on credit to Victoria:

10 pairs of Kanga @ 2,000

50 pairs of Vitenge @ 4,000

7. Sold on credit to Alex traders:

10 bags of white sugar @ 10,000

25 bags of yellow beans @ 12,000

15. Sold on credit to David Ltd:

30 beds @ 9,000

40 mattresses @ 10,000

22. Sold goods on credit to Star Book store:

20 Advanced dictionaries at TZS 2,500 each.

80 Fiction books at TZS 5,000 each.

Required: Record above transactions in the Sales journal for the month of April 2022.

9. The following information was obtained from the book of Sukuma wiki Traders Co. LTD as on 31st December 2002.

Required

1. Prepare income statement for the year ended 31st December 2022.

2. Prepare statement of financial position as at 31st December 2022.