PRESIDENT’S  OFFICE, REGIONAL ADMINISTRATION

AND LOCAL GOVERNMENT

SECONDARY EXAMINATION SERIES

COMPETENCY BASED SERIES

BOOK-KEEPING FORM FOUR

MID-TERM EXAMS – AUGUST – 2023

Instructions

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

2. Answer all questions in the sections A and B and two (02) questions from section C. 

3. Section A carries 15 marks, section B carries 45 marks and section C carries 40 marks. 

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

5. Non programmable calculators may be used. 

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

SECTION A (15 Marks)

 i.    Tshs 500 cash taken from  the cash till and banked is entered

 ii.  The capital in the business at start of the year was Tshs. 120,000. At the end of the year was Tshs. 142,000. Drawing was Tshs. 1,000 per month. What was the net profit for the year?

 iii.  If a non-trading organization operates a bar for profit purpose which of the following would determine if that activity made a profit or loss

 iv.  A business has the cost of goods sold worth TShs. 150,000 and the mark-up of 40%. Calculate the amount of sales for the business

v. When comparing the performance of individual departments, which of the following statement should be compiled?

 vi. Kulwa and Dotto share profits and losses in the ratio 3:2. Their partnership recorded net profit of Tshs 1,400, interest on capital Tshs 420, partner’s salaries Tshs 100 and drawings TShs 280. Determine Dotto's share of the profit

 vii.   When customer return goods previous sold to him, the shopkeeper will use a document called

 viii.     The following are the source of documents

 ix.       Which of the following is not correct about the petty cashbook?

x.     In government accounting a term family is referred to

SECTION B (45 Marks)

2^nd Sold the following to Zuberi on credit

             20 tyres @ TShs 30,000 and 6 boxes of oil @ TShs 10,000, less 20% discount

            8^th Sold on credit to Mussa

16 boxes of bulbs @ TShs 10,000 and 10 side mirrors @ TShs 12,000 less 15% discount

            19^th Credit to A. Mpili TShs 24,000

            25^th Sold on credit to Mazengo

7 used motorcycles @ TShs 100,000 and 14 boxes of rubber @ TShs 15,000 less 25% discount

            28^th sold on credit spare parts to Josky TShs 30,000

Required

Enter the above transactions in the sales Journal

SECTION C (40 Marks)

TShs  1,000

2022                                                                                        Tzs

Balance on 1^st January 2022

Balance in the sales ledger set off against balance in the purchases ledger ....70

                Bad Debts written off.................................................        780

                Increase in the allowance for doubtful debts...........         90

                Credit note issued to credit customers.....................        4,140

                Credit note received from credit suppliers ..............         1,480

According to the Audited Financial Statement for the previous year accounts receivable and accounts payable as at 1^st December 2021 were TShs 26,555 and 43,450 respectively.

Inventory (stock) at 1st January 2021                               Tzs

Additional Information

Direct materials TShs 18,000

Work in progress TShs 20,000

Finished goods TShs 60,000 

Factory building TShs  20,000

Factory machinery TShs 36,000 Office equipment TShs 24,000

You are required to prepare;

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

COMPETENCY BASED SECONDARY EXAMINATION SERIES

BOOK KEEPING

FORM FOUR- SEPT 2022

INSTRUCTIONS

1. This paper consist of three section A, B and C
2. Answer all questions in section A and B and only two (2) questions in section C
3. The use of Scientific Non programmable calculators is allowed in the examination room
4. Write your Examination Number in every page of your answer sheet (s)

SECTION A (20 MARKS)

Answer all questions in this section

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

1. The cash payment of TZS 4,000 to Biriani will appear as

1. Debit Cash account, Credit Biriani account
2. Debit Biriani account, Credit Bank account
3. Credit Cash account, Debit Bank account
4. Debit Biriani account, Credit Purchases account

2. A balance of an account can defined as the

1. Balance carried down
2. Difference between two sides of an account
3. Total amount of debit and credit sides
4. Balance brought down
5. Balancing figure of an account

3. “True and Fair view” state of affairs is a conclusive word in audit report. According to the auditor, it means;

1. Financial statements are true and accurate
2. Financial statements are fairly prepared
3. Financial statements are prepared following the double entry system
4. Financial statements belong to a True and Fair view of a firm.
5. Financial statements are accurately prepared

4. In a partnership which of the following statements is correct?

1. Current account is used where fluctuating capital account is adopted
2. Fixed capital account is used where appropriation account is not opened
3. Fixed capital account is prepared where there is no partnership agreement
4. Current account is prepared where there is no partnership agreement
5. When fixed capital account is maintained current account should be opened.

5. Which of the following will happen if TZS 6,000 will be added to Machinery repair instead of being added to Non-current asset?

1. Gross profit will not be affected
2. Gross profit would be affected
3. Gross profit and net profit would be affected
4. Net profit would be affected
5. Net profit would not be affected

6. What is meant by the term revenue expenditure?

1. The extra capital paid by the proprietor
2. Money spent on non-current asset
3. The cost of running the business on day to day basis.
4. Money of painting a non-current asset
5. Cost of buying a machinery

7. The following are source domestics;

1. Sales, credit note, cheque
2. Cheque, invoices, cash
3. Invoice, receipt, debit note
4. Credit note, debit note, cash
5. Bank, invoices, credit note

8. A firm bought machinery for TZS 50,000 which had a scrap value of TZS 5,000, and useful life of 5 years. What would be the depreciation expenses if straight line method is used?

1. TZS 9,000
2. TZS 11,000
3. TZS 10,000
4. TZS 5,000
5. TZS 11,500

9. Cash float of 2,560/= is desired if 2,000/= is spent if the period now much will be reimbursed at the end of the period?

1. 560
2. 4000
3. 2000
4. 2560
5. 4560

10. Which among the following adjustment is treated as current assets in the preparation of statement of financial position?

1. Prepaid income
2. Accrued expense
3. Accrued revenue
4. Outstanding expenses
5. Unearned revenue.

11. Which of the following depreciation methods uses the reduced value to compute the depreciation of non-current assets?

1. Straight line method
2. Sum of the years digits method
3. Unit of output method
4. Diminishing balance method
5. Revaluation method

12. Which of the following are the examples of revenue expenditure?

1. Purchases of furniture and payment for electricity bill
2. Repair of van and petrol costs for van
3. Buying machinery and paying for installation costs
4. Electricity coasts of using machinery and buying van
5. Buying a van and petrol costs

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

1. TZS 3,200
2. TZS 20,000
3. TZS 16,800
4. TZS 24,000
5. TZS 12,800

14. Which of the following best describe a trial balance?

1. Shows the financial position of a business
2. It is a special account
3. Shows all the entries in the same place
4. It is a list of balances on the same place
5. It is used to calculate profit

15. The main purpose of manufacturing statement is to deduce

1. The cost of production
2. Cost of raw materials available for use
3. Prime cost
4. Factory profit
5. The cost of sales

2. Match the answer in LIST B with the response in LIST A and write the letter of the most correct response.

SECTION B (40 MARKS)

Answer all questions in this section

3. (a)With example explain six (6) errors which do not revealed by trial balance,

(b) Give out four (4) differences between consignment and joint venture

4. (a)Outline the reasons causing the differences between bank balance on cashbook and bank statement (five reasons)

(b)Mention any five (05) users of financial statements 

5. (a)The following table shows information relates to the Soccer City club subscriptions for the year 2015. You are required to prepare subscription account for the year ended 31^st December 2015

Subscriptions – Received during the year 2015 were Tshs. 48,920/=

(b)You are provided the following information from the books of Kisinda on 30^th JUNE 2018. Complete the following table.

6. Mtumbadi of Morogoro consigned 2000 cases of Tomatoes to Munyabi of Kibaha at a price of 800/= @case. Mtumbadi incurred the following expenses, packing 4,000/=, freight 30,000/=, export duty 8,000/= and insurance, 7,000/=. Munyabi paid import duty 27,000/=, advertising 9,000/= and carriage on sales 7,000/=. Munyabi has to receive 20% commission plus 10% delcredere commission on sales. Munyabi made the following sales.

1. 800 cases sold at a price of 600@
2. 400 cases sold at a price of 1,500@
3. 400 cases sold at a price of 900 @

The units unsolved were kept by the consignee; the balance was remitted by bank draft 

Required: Prepare

1. Consignment outward A/C
2. Consignment to Munyabi A/C

SECTION C: (40 MARKS)

Answer only Two questions in this section

7. Given the following Trial balance of Madulu ltd as on 31^st August 2015

Additional information

1. Inventory at close Tsh 6,000/=
2. Accruals were wages shs 1,500/= and commission Tsh 1,200/=
3. Prepayment insurance shs 700/= and Rent receivable Tsh 900/=
4. Goods taken by the owner for own use Tsh 400/=
5. Provision for bad debts in 5% on debtor
6. Depreciate motor van and premises by 10% p.a on cost

Required: From the above transactions found in the books of Maduhu ltd. Prepare 

Income statement for the year ended 31^st August 1995 and the statement of financial position as to date

8. Chama and Bwalya own a retail business in Mwanza. Their retail showroom has three Departments namely X, Y and Z. The following balances were extracted from their books as at the end of their financial year, 31^st December, 2020.

Additional information

1. Goods having a transfer price of shs 21,400/= and shs 1,200/= were transferred from Departments X and Y respectively to Department Z
2. The various items shall be apportioned among three Departments in the following proportion

Required 

1. Departmental income statement for the year ended 31^st December 2020
2. Determine the business’ operational result
3. Comment on the performance of departmental

9. The Trial balance of Awilo a sole trader, taken out on 30^th September 2002, Fail to agree. To detect errors, he decided to prepare sales and purchases control accounts from the following information

Tshs

Sales ledge debit balances 1.10.2001.    227,200

Sales ledger credit balances 1.10.2001   420

Purchases ledger debit balances 1.10.2001   1,270

Balances for the year to 30^th September 2002  

Credit sales        402,120

Cash sale        153,700

Cash purchases       85,600

Credit purchases      160,560

Sales returns        2,120

Purchases returns       4,500

Cash payment to creditors      222,700

Bad debts written off      4,700

Cash received from debtors      411,000

Dishonoured cheque in favour of customers    9,000

Provision for bad debts      4,790

Carriage charged to customers     3,600

Discount allowed       20,110

Legal fees charged to customers     450

Debit balances in sales ledger transferred to purchases ledger 2,000

The lists of balances extracted from the personal ledger were as follows; 

        Tshs

Debtors: Debit balance     206,160

  Credit balances     540

Creditor: Credit balances     83,115

  Debit balances     825

Required;

1. Prepare control accounts
2. State the amount of errors occurred in each account.

THE UNITED REPUBLIC OF TANZANIA

PRESIDENT’S OFFICE

REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT

FORM FOUR MID TERM EXAMINATION-2021

033/1                                                   BOOK-KEEPING

Time: 3 Hours AUG, 2021

Instructions

1. This paper consists of three sections A, B and C with a total of 9 questions.
2. Answer all questions in section A and B and only two (2) questions from section C.
3. Section A carries twenty (20) marks, section B forty (40) marks and section C forty (40) marks.
4. Non programmable calculators may be used.
5. Cellular phones,  and other authorized 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 sheet provided 

1.  If sales is 20,000 and profit make up is 25%, determine the amount of cost price

                 A:  13,600          B: 12,000          C:  16,000             D: 12,900      E: 20,600

2.    Which book of prime entry records the sale or purchase of non-current Assets?

                 A:   General journal           B:    Sales journal           C:    Purchases journal          D:    Cash book                            E:    Sales return day book

3.                    If cash sale amount to Tshs 100,000/= paid direct into the bank account, the correct double   entry will be to

                A:    Debit sales account and credit cash account by sh.100, 000

                B:    Debit cash account and credit bank account by sh.100, 000

                C:    Debit bank account and credit sales account by sh.100, 000 

                D:    Debit bank account and credit cash account by sh.100, 000

                E:    Debit sales account and credit bank account by sh.100, 000

4.  How much is to be reimbursed if a petty cashier has spent Tsh.189,00/=while his cash float is Tsh.200,000/=

                 A:  Tsh,11,000/=      B:Tsh 389,000/=      C:    Tsh,189,000/=                       D:Tsh,200,000/=                            E:Tsh,21,000/=

5.    Working capital is a term meaning.      

1.     The excess of current liabilities over current liabilities
2.     The excess of the current assets over the current liabilities
3.     the excess of the current assets over non-current liabilities
4.     The excess of current assets over non-current assets.
5.      The excess of non-current Assets over current liabilities

6.  Natasha and Ndengwe share profits and losses in the ratio 3:2. Their partnership recorded net profits of shs. 1,400, interest on capital shs. 420, partners’ salaries shs. 100 and drawings shs. 280, Determine Ndengwe’s share of the profits.

1.  TZS  840         B. TZS  560         C. TZS  464       D. TZS  696      E. TZS  506

7. From the following categories of errors, identify the category of errors which affect    only one account

A.  Casting errors.           B.  Errors of principle.        C.  Errors of omission.        D.  Errors of original entry.            E.  Errors of commission.

8. In the business of C. Sangster, who owns a clothing store, which of the   following is the capital expenditure?

1. Fixtures and New Van bought                   B. Shop fixtures bought and wages of assistants                         C. Wages of assistants and new van bought      D. Wages of assistants and Petrol for Van               E. Fixtures and salaries. 

9.  Manufacturing account is used to calculate:

1.     Production cost paid in the year            B. Total cost of goods produced   C. Production cost of goods completed         D. Gross profit on goods sold      E. Prime cost of goods manufactured

10.    Depreciation can be described as the : _______

1.     Amount spent to buy a non –current asset
2.     Salvage value of a non-current asset consumed during its period
3.     Cost of the non-current asset consumed during its period
4.     Amount of money spent replacing non-current asset
5.      Cost of old asset plus new assets purchased

11.  A bank reconciliation statement is a statement:

1.     Sent by bank when the account are overdrawn
2.     Drawn to verify cash book balance with the bank statement balance
3.     Drawn up by the bank to verify the cash book                                   
4.     Sent by the bank to the customers when errors are made
5.      Sent by the bank customers to the friends.

12. If two totals of trial balance do not agree, the difference must be entered in:

                             A real account            B. The trading accounts         C. A nominal account                                            D. The capital account           E. A suspense account

13.     The accounting equation is expressed in the financial statement called:

A.   statement of financial position                         B. income statement           C. expenditure statement                                D. reconciliation statement         E. statement of change in equity

14.    If we take goods for own use, we should    

1.  Debit drawings Account: Credit Purchase Account
2.  Debit Purchases Account: Credit Drawings Account
3.  Debit Drawings Account: Credit Inventory Account
4.  Debit Sales Account: Credit Inventory account
5.   debit inventory Account: Credit Drawing Account

15.  if a partnership maintains a fixed capital account, then the partner’s share

       of profits is:

1.     Credited to the partner’s drawings account         B.  debited to the  partner’s   capital account                 C. credited to the partner’s capital account                                      D. credited to the partner’s current account        E. debited to the partner’s current account

2.          For each of the items (i)-( v) match the narrations of bank reconciliation Items in column A with their corresponding names in column B by writing the letter of the correct response beside the item number in the answer sheet provided

SECTION B (40 MARKS)

Answer all questions in this section.

3.           In 1991 Mr. Chipepeto bought a motor car for the cost value of sh.8, 000,000/= with the aim of assisting him in business. But three years later he decided to dispose it for a book value of sh.6,700,000/=

1.    What is the term used to mean the difference between cost value and book value.
2.    Outline four reasons that could be the causes for him to dispose the car for less than the cost value.

4.          The DSM Rotary club, has provided you with the following information:-

Required:  Prepare A Subscription account and Insurance account, clearly showing           amounts to be transferred to income and expenditure accounts for year 2001.

5.          Define the following terms

1. Discount received 
2. Invoice
3. Discount allowed
4. Carriage inwards
5. Carriage outwards

6.          (a)  Mr Kyamba wants to start a business, but before commencement he needs to learn book keeping. Outline five objectives for him to study book keeping.

(b) Briefly explain three types of a cash book.

SECTION C (40 MARKS)

Answer two questions only from this section.

7.          Panguso& company limited own a manufacturing industry which had the following records for the year ended at 31st December 2007.

Inventory at 1^st January 2007: raw materials       sh.760, 000

 Finished goods       sh 360,000

Purchases of raw material                           sh.420, 000

Sales of finished goods             sh.2, 490,000

Factory Fuel & power                                sh.320, 000

Royalty                 sh.500, 000

Depreciation of works machine               sh.88, 000

Market value                         sh.1, 800,670

General office expense                sh.10, 740

Manufacturing wages               sh.170, 000

Inventory at 31 ^stDec 2007: raw material            sh.900, 000

 Finished goods                sh.580, 000

 Works in progress           sh.734, 000

        You are required to prepare

1. Statement of manufacturing costs for the year ended at 31 ^stDec 2007
2. Income statement for the year ended at 31.12.2007

8.          XY Ltd provides for depreciation of its machinery at 20% per annum on cost; it charges for a full year in the year of purchase but no provision is made in year of sale/disposal.

Financial statements are prepared annually to 31th December.

2015

January 1    Bought machine ‘A’   10,000

July 1     Bought machine ‘B’   6,000

2016

March 31     Bought machine ‘B’   8,000

2017

October 7     Sold machine ‘A’ – proceeds  5,500

November 5     Bought machine ‘D’   12,000

2018

February 4     Sold machine ‘B’ – proceeds  3,000

February 6     Bought machine ‘B’   9,000

October 11   Exchanged machine ‘D’

for machine valued at   7,000

Prepare;

1.  The machinery accountfor the period 1^st January 2015 to 31^st December 2018

2.  The accumulated provision for depreciation on machinery account, for the period 1^st January 2015 to 31^st December 2018.

9.          The financial of the GGM trading company ended on 30^th November 2014. You have been asked to prepare a total amount receivable and total amount payable for the draft final amounts. You are able to obtain the following information for the financial year  the book of original entry.

Sales  – Cash        344,890

– Credit        268,187

Purchase  – Cash        14,440

  – Credit        496,600

Total receipts from customers       600,570

Total payment to suppliers       503,970

Discount allowed to credit customer       5,520 

Discount received from credit suppliers      3,510

Refund given to cash customers       5,070

Balance in sales ledger setoff against balance in the purchase ledger 700

Bad debt written off         780

Increase in the allowance for doubtful debts      900

Credit note issued to credit customers      4,140

Credit note received from credit suppliers     1,480

According to the audited financial statement for the previous year account receivable and account payable as to 1^st December 2013 were 26,550 and 43,450 respectively

Required;

Draw up the relevant total accounts entering end of year total for account receivable and account payable.