CHRISTIAN SOCIAL SERVICES COMMISSION – (CSSC)
WESTERN ZONE
FORM TWO JOINT EXAMINATION
062 BOOK KEEPING
Time 2:30 Hours 31st ,August, 2023
Instructions
1. This paper consists of sections A, B and C with a total of nine (9) questions.
2. Answer all questions.
3. Sections A carries fifteen (15) marks and B carries forty (40) marks and Section C carries forty-five (45) marks.
4. All writings must be in blue or black ink.
5. All answers must be written in the spaces provided.
6. Cellular phones and any unauthorized materials are not allowed in examination room.
FOR EXAMINERS USE ONLY | ||
QUESTION NUMBER | SCORE | EXAMINER’S INITIAL |
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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 alternatives and write its letter in the box provided:
(i) Mtumzima, the owner of clothing retail store, took TZS 8,000,000 from his business account. He used the money to buy a motor vehicle for his wife. The act by Mtumzima best described as:
A. Purchases C. Drawings
B. Sales D. Capital
(ii) Gladness and Erick were arguing on the primary and basic reason of preparing a trial balance. Which one of the following is the basic reason for writing up a trial balance to a business?
A. A trial balance issued for internal control as back up document.
B. A trial balance is used as a tool for preparing financial statement.
C. A trial balance is used to present a list of balances at one place.
D. A trial balance is used to check arithmetical accuracy of double entry.
(iii) Daniella, a petty cashier received TZS 100,000 cash float on 1st March, 2022; she spent TZS 65,000 for Transport expenses and TZS 8,000 for telephone charges during the month. How much would be reimbursed during the month?
A. TZS 65,000
C. TZS 73,000
B. TZS 25,000
D. TZS 100,000
(iv). Khadija bought on credit from Diana stores for TZS 3,800,000. The supplier offered her a trade discount of 2%. How much would be the amount due to the supplier?
A. TZS 3,876,000 C. TZS 3,724,000
B. TZS 3,800,000 D. TZS 76,000
(v) Gibbon wants to start up a business dealing with Sportswear retailing store, but his does not have enough capital to commence his business. The following can be used as sources of capital for a business, except.
A. Accounts payable
B. Revenue from business operation
C. Money borrowed from external source
D. Loan from bank
(vi) What would be the double entry for cash withdrawn from bank for business use TZS 500,000?
A. Debit cash column TZS 500,000: Credit bank column TZS 500,000
B. Debit Drawings TZS 500,000: Credit cash column TZS 500,000
C. Debit bank column TZS 500,000: Credit cash column TZS 500,000
D. Debit cash column TZS 500,000: Credit cash column TZS 500,000
(vii) Lewis bought a machine by cheque TZS 18,000,000. What would be the effect of this transaction in the accounting records?
A. Asset of Bank will increase, Asset of machine will decrease
B. Asset of Bank will decrease, Asset of machine will increase
C. Asset of Cash will increase, Asset of machine will decrease
D. Asset of Cash will decrease, Asset of machine will increase
(viii) The following are internal users of financial statements except.
A. Managers C. Investors
B. Owners D. Wholesalers
(ix) 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.
A. Van replacement cost C. Wages cost
B. Staff traveling cost D. Postage cost
(x) Rachel and Albert were arguing on the primary and basic objectives of recording and keeping accurate financial information of daily business transactions of a business. Which one of the following is the objective of book-keeping in a business?
A. Bridge the gap between buyer and seller
B. Fair tax assessment.
C. Paying tax to the government
D. Creation of employment
Answers:
(i) | (ii) | (iii) | (iv) | (v) | (vi) | (vii) | (viii) | (ix) | (x) |
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2. Match the items in Column A with the responses in Column B by writing the letter of the correct responses below the corresponding item number in the table provided
| Column A | Column B |
(i)
(ii) (iii)
(iv)
(v) | A monthly or quarterly summary which the bank sends to its customers. A statement prepared to reconcile cash book balance and bank statement balance. The actions by which petty cashier is refunded the amount spent in the given period The amount of money which the bank customer can draw out of the bank in excess of his/her bank balance Accounting mistakes in recording and posting some transactions and entries in the books of accounts | A. Bank overdraft B. Bank charges C. Errors D. Cheque E. Bank statement F. Standing order G. Bank reconciliation statement H. Imprest system I. Dishonoured cheque J. Reimbursement K. Income statement |
Answers
Column A | i | ii | iii | iv | v |
Column B |
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SECTION B (40 Marks)
Answer all questions in this section.
3. Accounting records provide information to various interested parties (users) and serve very useful purposes in the business. Identify and explain five (5) users of accounting information.
(i) …………………………………………………………………………… …………………………………………………………………………..
(ii) ……………………………………………………………………………
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(iii) …………………………………………………………………………… …………………………………………………………………………..
(iv) …………………………………………………………………………… …………………………………………………………………………..
(v) …………………………………………………………………………… …………………………………………………………………………..
4. Complete the following table.
Transactions |
| Effect upon | |
| Assets | liabilities | capital |
(i) We paid a creditor (MANDELA) by cheque |
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(ii) Bought motor van paid by cheque |
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(iii) Bought goods on credit |
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(iv) The proprietor paid payable using cash |
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from BICO Rotary |
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(v) SHANGAZI lends the firm by cheque |
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5. Hezekiah wants to do task of recording and reporting financial information of the business. As you an expert of recording and reporting financial information tell him five accounting rules which he must follow in order to prepare financial information of the business.
(i) …………………………………………………………………………………… …………………………………………………………………………………….
(ii) ……………………………………………………………………………
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(iii) …………………………………………………………………………………… ……………………………………………………………………………………..
(iv) …………………………………………………………………………………… ……………………………………………………………………………………..
(v) …………………………………………………………………………………… …………………………………………………………………………………..
6. Trial balance at 31st December 2020 showed a difference of TZS 11,600 being a shortage on the debit side. On 28th February 2021 all the errors from the previous year were found.
a. A cheque of TZS 15,000 paid to L. BATRIDA had been currently entered in the cash book but had not been entered in L. BATRIDA's account
b. The purchases account had been under casted by TZS 2000
c. A Cheque of TZS 9,300 received from K. SENGA had been correctly entered in the cash book, but had not been entered in K. SENGA's account as TZS 3,900
Required:
i. Prepare Journal entry to correct the above errors ii. Record double entry for those items in the suspense account.
SECTION C (45 Marks)
Answer all questions in this section.
7. Mr. NJOROGE had a cash book a debit balance of TZS 786/= at the Cash book on 30th June 2020, while the bank statement on 30th June 2020 showed a credit balance of TZS 1,375/=
On comparing the cash book with the statement the following differences had been observed
a) Cheques not yet credited TZS 152/=
b) Cheques not yet presented TZS 565/=
c) Bank charges TZS10/= appeared on the bank statement but not in the cash book
d) A standing order TZS 10/= payable on 28th June had been paid by bank but no entry had been made in the cash book
e) Dividends of TZS 196/= were collected by the bank, no entry had been made in the cash book.
Using the information provided
(a) Write the cash book up to date
(b) Prepare bank reconciliation statement as at 30 June using balance as per cash book updated.
8. The following is the summary of Babayoyo’s Petty cash transaction for the period of 1st December 2009. Assume that Babayoyo uses the imprest system to manage the petty cash fund
December 1st Received from main cashier TZS 40,000
2nd Paid sweeping charges TZS 5000
4th Bought coffee tea and sugar TZS 6200
7th bought envelopes charges TZS 11,200
10th Paid carriage TZS 7500
18th Bought postage stamps TZS 2500
25rd Bought stationary TZS 4300
27th Paid for stamp duty TZS 700
28th Paid telegram charges TZS 1700
Required: Enter the above transactions into a petty cash book with analysis columns for stationary, postage and the sundry expenses and show the amount to be restored on 29th Dec 2009.
9. From the following trial balance of MAHELA traders extracted after one year of operations. Prepare an Income statement for year ended 30 June 2020
S/N | DETAILS | DR | CR |
TSHS | TSHS | ||
| Sales | --- | 67,000 |
| Purchases | 42,600 |
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| Buildings | 20,000 |
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| Fixture and fitting | 7,500 |
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| Debtors | 12,000 |
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| Bank | 1,200 |
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| Cash | 400 |
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| Creditors |
| 9,000 |
| Drawings | 9,000 |
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| Stock as at 1.7.2018 | 3,000 |
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| Wages | 5,200 |
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| Lighting and heat expenses | 1,900 |
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| Rent | 2,400 |
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| General expenses | 700 |
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| Carriage charges | 1,100 |
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| Capital |
| 31,000 |
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| 107,000 | 107,000 |
NB; Closing stock as at 30th June 2020 was TSHS 5,500
FORM TWO BKEEPING EXAM SERIES 76
FORM TWO BKEEPING EXAM SERIES 76
THE UNITED REPUBLIC OF TANZANIA PRESIDENT'S OFFICE
REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT
MOROGORO FORM TWO REGIONAL ASSESSMENT
BOOK KEEPING
CODE: 032
TIME: 2.30 HOURS YEAR: 2023
INSTRUCTIONS
1. This paper consists of sections Ä, B and C With a total of nine (9) questions
2. Answer all questions
3. All writing must be in blue or black ink
4. All answers must be written in the space provided
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 letters in the box provided
i) What is the alternative name for the sales journal?
A. Sales invoice C. Daily sales
B. Sales ledger D. Sales day book
ii) A system where by a petty cashier is reimbursed to maintained his or her original financial position is known as
A. Double entry system
C. Petty cash book
B. Column petty cash
D. Imprest system book
iii) Which of the following is a source of government revenue?
A. Taxation, license fees) government employee's salaries
B. Taxation, grants, public roads maintenance
C. Taxation, interest from investments, grants, aids
D. Taxation, dividends from investments consolidated fund
iv) Which of the following is an asset to a business?
A. Debtors C. Bank overdraft
B. Creditors D. Loan from bank
v) At what side does the total of discount received in the cash book is posted
A. Credit side of discount received account
B. Debit side of purchases account
C. Credit side of creditors account
D. Debit side of discount received account
vi) What would be the double e try for cash withdrawn from bank for business use
A. Debit cash account, credit business account
B. Debit business account, credit bank account
C. Debit bank account, credit, cash account
D. Debit cash account, credit bank account
vii) A transaction where payment for goods is made later is called: -
A. Credit transaction C. Cash transaction
B. Trade transaction D. Gross transaction
viii) The goods bought for resales but remain unsold to the end of the financial year are called
A. Opening stock or C. Closing stock or opening inventory closing inventory
B. Returns outwards D. Returns inwards day book
ix) 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
A. Replacement cost C. Postage cost
D. Staff travelling cost D. Wages cost
x) The accounting equation is concerned with: -
A. Assets only C. Liabilities only
B. Assets, liabilities and D. Assets and liabilities capital only
2. Match the items in column A against with the responses in column B and write the correct answer below the corresponding item number in the table provided.
COLUMN A | COLUMN B |
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SECTION B (40 MARKS)
Answer all questions in thus sections
3. The agreement of trial balances us not conclusive evidence that transactions are correct. Briefly explain only five (5) errors which do not affect the trial balance
4. For each of the transaction (i-x) stare the name of the account to be debited and the account to be credited
| TRANSACTON | ACCOUNT TO BE DEBITED | ACCOUNT TO BE CREDITED |
i) | Started business with cash in hand |
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ii) | Cash purchases of gods for resale |
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iii | Paid rent b cash |
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iv | Deposited cash into bank |
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v) | Paid electricity through the bank |
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vi) | Sold goods on credit to Rahim |
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vii | Sold goods on cash |
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viii) | Bought stationaries for cash |
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ix) | Cash withdrawn from bank for personal use |
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x) | Received cheque from Zawadi |
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5. a) Classify the following into personal real and nominal account
| NAME OF ACCOUNT | CLASSIFICATION |
i | Sala |
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ii | Machine |
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iii | Mwashamba |
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iv | Building |
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v | Wages |
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b) Complete the gaps in the following table
| ASSETS | CAPITAL | LIABILITIES |
i | 15 799 | 8 650 |
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ji |
| 24 700 | 8 850 |
iii | 27 310 |
| 6 350 |
iv |
| 38 150 | 13 450 |
| 20 500 | 17 620 |
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6. Briefly explain five users of financial statement
SECTION C (45 MARKS)
Answer all questions in this section
7. On 1st January 2022 Zambia started business as a furniture dealer with the following assets and liabilities
Required: Enter the above balances in the journal proper
8. Record the following transactions in the petty cash book with analysis columns for postage, office expenses, wages and ledged accounts
January | 1. Balance in hand of petty cashier was 14,500 | |
| 1. Cheque received from chief casher 4. Postage stamp .......................... 5. Typewriter ribbons purchased 6. Paid to Jonijo accreditor 8. Cleaner's wages paid 10. Purchased stationary 11. Bought stamps 12. Paid W. Mpole accreditor 13. Cleaner's wa es | 40,000 6550 3450 3900 4,950 2,850 9,750 2,000 5 300 |
Balance the books on 31 st January total the analysis column and restore the impress
9. The following information were extracted from Jamaica traders as at 31 st December 2021
JAMAICA TRADERS
TRIAL BALANCE AS AT 31 ST12/2021
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| NAME OF ACCOUNT | DR | CR |
1 | Stock at 1,Janua 2021 | 3249 |
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2 | Purchases | 11380 |
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3 | Sales |
| 18 462 |
4 | Motor ex enses | 520 |
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5 | Salaries | 150 |
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6 | Rent and rates | 670 |
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7 | Insurance | 111 |
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8 | General expenses | 105 |
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9 | Premises | 1500 |
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10 | Motor vehicle | 1200 |
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11 | Debtors | 1950 |
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12 | Creditors |
| 1538 |
13 | Cash it bank | 1654 |
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14 | Cash in hands | 2040 |
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15 | Drawin s | 895 |
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16 | Ca ital |
| 5424 |
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| 25 424 | 25 424 |
Stock 31/12/2021 was valued at Tshs. 2548 Required: Prepare
i) Income statement for the year ended 31/12/2021
ii) Statement of financial position for the year ended 31/12/2023
FORM TWO BKEEPING EXAM SERIES 59
FORM TWO BKEEPING EXAM SERIES 59
PRESIDENT’S OFFICE REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT MVOMERO DISTRICT COUNCIL |
FORM FOUR MOCK EXAMINATION
CODE: 062 BOOK KEEPING
Time: 3 Hours May, 2023
Instructions
FOR EXAMINER’S USE ONLY | ||
QUESTION NUMBER | SCORE | EXAMINER’S INITIALS |
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TOTAL | ||
CHECKER’S INITIALS |
SECTION A (15 Marks)
Answer all questions in this section.
i. Which of the following is best describes as fixed assets?
ii. What is a cash receipt?
iii. How does the contra entry occur?
iv. Which of the following should not be called sales?
v. The following are sources of documents:
vi. The subsidiary book where we record small cash payments is the..
vii. Which of the following is given to traders only?
viii. Working capital means
ix. The descending order in which current assets should be shown in the balance sheet are:
x. Which of the following statement is incorrect?
Answers;
i | ii | iii | iv | v | vi | vii | viii | ix | X |
2. Match the explanation of accounting concept in Column A with the corresponding names in Column B by writing the letter of the correct response beside the item number in box provided,
COLUMN A | COLUMN B |
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Answers;
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SECTION B (40 Marks)
Attempt all questions from this section
3. Juma is a form one student at Mtakuja secondary school whoever she is in dilemma to go science or studying book keeping. Briefly elaborate to her on how book keeping would contribute in her life with relevant examples
4. Briefly explain any five reasons why some people returns goods to their suppliers
5. Indicate the following whether nominal, Real or personal.
S/No. Name of account Classification of Account
6. There are good reasons that could bring about the difference between the cash book balance and bank statement balance. Apply the knowledge you have developed in your studies to identify and explain at least five reasons for disagreement between the Bank statement balance and the Cash book balance.
SECTION C (45 Marks)
Answer all questions on this section
DATE | TZS | |
1st April | Started business with capital in cash | 200,000 |
2nd April | Paid rent by cash | 46,000 |
3rd April | Adolf lent Jitahidi unaweza and paid directly into her bank account | 400,000 |
4th April | Jitahidi unaweza paid Nyanza by cheque | 172,000 |
5th April | Cash sales | 38,000 |
7th April | Pendo paid Jitahidi Unaweza | 68,000 |
9th April | Jitahidi Unaweza paid Kitambi in cash | 184,000 |
11th April | Cash sales paid direct into bank | 302,000 |
15th April | P. Mkota paid Jitahidi Unaweza in cash | 192,000 |
16th April | Jitahidi Unaweza took out of cash till and paid it into the bank account | 20,000 |
19th April | Jitahidi Unaweza repaid Kapiga by cheque | 100,000 |
22th April | Cash sales paid direct into the bank | 24,400 |
26th April | Paid motor expenses by cheque | 15,000 |
30th April | Withdrew cash from the bank for business use | 40,000 |
30thAPril | Paid wages in cash | 64,000 |
8. Luanda provision store had the following balances on 1st May 2017
Debtors: Creditors
Required.
Open cash book to record the above information.
9. The trial balance below belongs to Kamwezi traders of mbeya for the year ended 31st December, 2013
DETAILS | DR | CR |
Inventory 1st January,2013 | 9,500 | |
Purchases | 11,500 | |
Sales | 28,500 | |
Capital | 44,800 | |
Land and Building | 19,000 | |
Machinery | 22,000 | |
Carriage inwards | 1,200 | |
Carriage outwards | 1,700 | |
Returns | 1,000 | 800 |
Motor vans | 16,000 | |
Debtors | 9,000 | |
Creditors | 17,000 | |
Salaries and wages | 3,000 | |
Rent and rates | 1,500 | |
Discounts | 1,000 | 3,500 |
Insurance | 1,000 | |
Loan from CRDB | 10,000 | |
Drawings | 2,200 | |
Cash at bank | 2,000 | |
Cash in hand | 3,000 | |
104,600/= | 104,600/= |
Additional information; inventory 1st December, 2013 was 2,000
Required;
FORM TWO BKEEPING EXAM SERIES 56
FORM TWO BKEEPING EXAM SERIES 56
TANZANIA HEADS OF ISLAMIC SCHOOLS COUNCIL
FORM TWO INTER ISLAMIC MOCK EXAMINATION
062 BOOK KEEPING
TIME: 2:30 Hours Tuesday 1st August, 2023 a.m.
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 carries forty (40) marks and section C carries forty five (45) marks.
4. All answers must be written in the spaces provided.
5. All writings must be in blue or black ink except drawings which must be in pencil.
6. Cellular phones, calculators and any unauthorized materials are not allowed in the examination room.
7. Write your Examination Number on the top right on every page.
FOR EXAMINERS’ USE ONLY | ||
QUESTION NUMBER | SCORE | EXAMINER’S INITIALS |
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TOTAL |
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CHECKER’S INITIALS |
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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 alternatives and write its letter in the box provided.
(i) Mr. Juma bought three pairs of shoes from Kilimanjaro shoes production. Two days later he returned one part of shoes. Which among the following might not be a reason for his decision? A. Wrong size
B. Wrong type delivered
C. Reach later than expected
D. Higher price charged
(ii) Salmin’s cash account shows a debit balance of TZS 10,000. What does this mean?
A. Cash has been overspent by TZS 10,000
B. TZS 10,000 was the total of cash paid out
C. There was TZS 10,000 cash in hand
D. The total of cash received was less than TZS 10,000
(iii) Mr. Muhtaji unexperienced accountant has been given a task to prepare a trial balance. He approaches you to help him to identify item(s) that does not appear in that trial balance. What will be your response?
A. Capital at the beginning
B. Closing inventory
C. Opening inventory
D. Drawings
(iv) Miss Farheen is an employee at Fikosh Safaris Ltd who deals with recording all financial transactions related to the company in accounting books. Who is miss Farheen?
A. A book keeper
B. A trader
C. An auditor
D. A banker
(v) If the business of Mr. Kupata has TZS 500/= as purchases instead of being noncurrent asset. What effect will be in his income statement?
A. Net profit only would be understated
B. Net profit only would be overstated
C. Both gross profit and net profit would be understated
D. It would not affect net profit
(vi) Mwanamvua drew a cheque of TZS 2,000,000 on 20/07/2022 to Mwela who presented it at the bank on 23/01/2023, unfortunately the bank refused to cash that cheque. Why was that cheque refused by the bank?
A. It was a stale cheque
B. It has a wrong figure
C. The drawer has died
D. It has wrong amount
(vii) A petty cashier received TZS 300,000 from chief cashier, if TZS 267,000 has been spent in the period, how much will be reimbursed at the end of that period?
A. TZS 267,000
B. TZS 300,000
C. TZS 33,000
D. TZS 567,000
(viii) ABC loan officer before advancing loan to Msukuma he asked him to bring a statement which shows the list of his assets and liabilities. Which among of the following statements Msukuma will take to the bank?
A. Income statement
B. Bank statement
C. Cash flow statement
D. Statement of financial position
(ix) Cash and goods are things that can be taken from the business by the proprietor. Which account should be debited once the proprietor has taken cash for personal use?
A. Drawings account
B. Bank account
C. Cash account
D. Goods account
(x) The trial balance of one of your friends did not agree, he decided to ask you for the help on where to post the difference. What will be your suggestion?
A. Post to statement of profit or loss
B. Post to suspense account
C. Post to nominal account
D. Post to capital account
ANSWERS:
Item | (i) | (ii) | (iii) | (iv) | (v) | (vi) | (vii) | (viii) | (ix) | (x) |
Answer |
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2. Match the explanations of the types of errors in column A with the corresponding terms in column B by writing the letter of the correct response beside the item number in the box provided.
| COLUMN A | COLUMN B |
(i) (ii) (iii) (iv) (v) | Occurs when correct amount is recorded on the wrong sides of the accounts. Occurs when correct amount is entered in the wrong personal account. Occurs when transaction is completely omitted from the books. Occurs when transaction is posted in the wrong class of account. Occurs when incorrect figure is entered in the books of account.
| A. Error of principle B. Error of omission C. Compensating error D. Error of original entry E. Complete reversal of entries F. Error of commission G. Overcasting error H. Undercasting error
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ANSWERS:
COLUMN A | (i) | (ii) | (iii) | (iv) | (v) |
COLUMN B |
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SECTION B (40 Marks)
Answer all questions in this section
3. Taxation is one among the sources of government revenue in Tanzania, the money is used for short, medium and long term plans and expenses for the government. As a form two student outline five (5) other sources
(i) _____________________________________________________________________
(ii) _____________________________________________________________________
(iii) ____________________________________________________________________
(iv) ____________________________________________________________________
(v) ____________________________________________________________________
4. Mr. Musa was shocked after receiving a monthly bank statement showing the closing balance of TZS 3,000,000 while in his prepared cash book the balance was TZS
4,500,000. Help Mr. Musa to identify five (5) reasons for this situation to occur
(i) _____________________________________________________________________
(ii) _____________________________________________________________________
(iii) ____________________________________________________________________
(iv) ____________________________________________________________________
(v) _____________________________________________________________________
5. Complete the following table related to Mwasiti a Jewelry dealer at Kariakoo market by indicating the account to be debited and the account to be credited from each transaction.
| Transaction | Account debited | to | be | Account to be credited |
(a) | Mwasiti started a business with cash
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(b) | Sold goods to Bakari on credit
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(c) | Received a cheque from Amina
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(d) | Jamal returned goods after purchases
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(e) | Mwasiti took goods for her own use
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6. From the following list of balances from Zuberi business construct a trial balance as at 31 December 2022.
TZS
Sales ……………………………………………… 38,500,000
Purchases ……………………………………………… 29,000,000
Rent ……………………………………………… 2,400,000
Wages ……………………………………………… 1,500,000
Advertising ………………………………………………. 600,000
Fixtures and fittings ……………………………………………… 5,000,000
Accounts receivable ……………………………………………… 6,800,000
Accounts payable ……………………………………………… 9,100,000
Cash at bank ……………………………………………… 8,100,000
Cash in hand ……………………………………………… 200,000
Drawings ……………………………………………… 7,000,000
Capital ……………………………………………... 20,000,000
Premises ……………………………………………... 7,000,000
SECTION C (45 Marks)
Answer all questions in this section
7. Post the following details into the statement of financial position as at 31st Dec 2021.
8. From the following information related to Makame a trader, record the following transactions in the sales journal and sales returns journal for the year 2023.
9. Enter the following transactions in cash book of Mr. Mtakuja, balance the cash book and open discount allowed and discount received accounts.
FORM TWO BKEEPING EXAM SERIES 43
FORM TWO BKEEPING EXAM SERIES 43
PRESIDENT'S OFFICE REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT
KILIMANJARO REGION MOCK FORM TWO EXAMINATION
CODE: 062 BOOK KEEPING
TIME: 2:30 HOURS MAY 2023
INSTRUCTIONS
FOR EXAMINER'S USE ONLY | ||
QUESTION NUMBER | SCORE | INITIALS OF EXAMINER |
1. | ||
2. | ||
3. | ||
4. | ||
5. | ||
6. | ||
7. | ||
8. | ||
9. | ||
10. | ||
TOTAL |
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
alternatives and write its letter in the box provided:
i. Mangoto, the owner of clothing retail store, took TZS 8,000.000 from his
business account. He used the money to buy a motor vehicle for his wife. 1 he act by Mangoto is best described as:
ii. Grace and Erick were arguing on the primary and basic reason of preparing a trial balance. Which one of the following is the basic reason for writing up a trial balance to a business?
iii. Aisha , a petty cashier received TZS 100,000 cash float on Pt March, 2022: she spent TZS 65,000 for Transport expenses and TZS 8,000 for telephone charges during the month. How much would be reimbursed during the month?
iv. Khadija bought goods on credit from Diana stores for TZS 3,800,000. The supplier offered her a trade discount of 2%. How much would be the amount due to the supplier?
v. Briella wants to start up a business dealing with Spoi-tswear retailing store, but she does not have enough capital to commence his business. The following can be used as sources of capital tbr a business, except.
vi. What would be the double entry for cash withdrawn from bank for business use TZS 500,000?
vii. Lema bought a machine by cheque TZS 18,000,000. What would be the effect
of this transaction in the accounting records?
viii. The following are internal users of financial statements except.
ix. 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.
x. Radhia and Ally were arguing on the primary and basic objectives of recording and keeping accurate financial information of daily business transactions of a business. Which one of the Following is the objective of hook-keeping in a business?
Question | i. | ii. | iii. | iv. | v. | vi. | vii. | viii. | ix. | x. |
Answers | | | | | | | | | | |
2. Match the items in Column A with the responses in Column B by writing the letter of the correct responses below the corresponding item number in the table provided.
COLUMN A | COLUMN B |
i. A book of prime entry which used for recording goods returned to suppliers ii. A book of prime entry used for recording all goods bought on credit. iii. A book of prime entry, which used to record the details of all transactions that cannot be recorded in any other book of original entry. iv. A book of prime entry used to record all goods sold on credit v. Book of original entry used to record prompt receipts and payments |
|
Question | i. | ii. | iii. | iv. | v. |
Answers | | | | | |
SECTION 13 (40 Marks)
Answer all questions in this section.
3. Any account is divided into columns.Mention and explain those columns.
4. Kadogoo is a student of JK secondary school expert in accounting who assists a school bursary office to perform bank reconciliation. On 3 lst January 2023, she was issued with a cash book showing a debit balance of TZS 543,000 and a bank statement with a credit balance of TZS 320,500.
With five (05) points explain the reasons for this difference.
5. Utopolo Traders bought goods worth Tshs 5,000,000 from Kamongo Stores. Kamongo is offered a trade discount of 10% and Cash discount of 5% if the customer pays the bill within 30 days. Use the information provided to calculate the following:
6. Enter the following in the petty cash book, using separate columns for postage, carriage, stationery and sundry expenses, Balance the book as at 10th January.
9 Received cash in order to restore imprest
SECTION C (45 Marks)
Answer all questions in this section.
7.From the following cash book prepare Trial Balance as at 30th April 2022
DR. CASH BOOK CR.
Date | Particulars | Cash | Bank | Date | Particulars | Cash | Bank |
Apr. 1 | Capital | 500,000 | 300,000 | Apr10 13 | Bank Purchases | 250,000 100,000 | |
10 | Cash | | | ||||
25 | Sales | 450,000 | | 15 | Drawings | | 15.000 |
| | | 22 | Motor van | 150,000 | | |
| | | 28 | Rent | _ | | |
| 30 | Balance c/d | 450,000 | 527,000 | |||
| 950,000 | 550,000 | | | 950,000 | 550.000 | |
May 1 | | 450,000 | 527,000 | | | |
8. 0n 31st March 2022 the bank column on cash book showed a debit balance of 60,000/=. A bank statement showed a balance of 512,000/= written tip to 31 March 2022 disclosed that the following items had not been entered in the cashbook:
On receiving the bank statement, the following items were discovered:
You are required to prepare as at 31st March 2022:
9. The financial year of Chakechake enterprise ends on 31st December annually. The following information has been extracted from the stores' accounting records for the year ending 31st December, 2022.
Details | TZS |
Sales | 9,780,000 |
Inventory on 151 January 2022 | 1,037,000 |
Rent | 450,000 |
Purchases | 8,500,000 |
Insurance , | 187,000 |
Heating expenses | 160,000 |
Motor van expenses | 584,000 |
Capital | 10,079,000 |
Cash at bank | 848,000 |
Motor van | 1,050,000 |
Loan from NBC | 5,300,000 |
Drawings | 1,416,600 |
Accounts payable | 1,975,000 |
Buildings | 8.200,000 |
Sundry expenses | 252,000 |
Fixtures & Fittings | 1,011,200 |
Salaries | 922,000 |
Accounts receivable | 2,016,000 |
Cash in hand | 500,000 |
Inventory on 31st December, 2022 | 1,535,000 |
Use the information provided to prepare the store's income statement for the year ending 31st December, 2022 and a statement of financial position as at 31st December, 2022.
FORM TWO BKEEPING EXAM SERIES 37
FORM TWO BKEEPING EXAM SERIES 37
THE PRESIDENT’S OFFICE REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT
MOSHI MUNICIPAL COUNCIL
SECONDARY EDUCATION EXAMINATIONS SYNDICATE
062 BOOK KEEPING
FORM TWO MOCK EXAMINATION
Friday 01th July 2022pm Time: 2:30Hours
INSTRUCTIONS
SECTION A:(20 MARKS)
1. For each of the following questions write the letter which represents the correct answer.
(i) The transfer of goods or services from one person to another is known as:
(ii) The art of recording a financial transaction in a set of books in monetary terms is known as;
(iii) The cash or goods taken out from the business for private uses are known as:
A. Profit B. Loss C. Assets D. Drawings
(iv) The main aim of preparing trading account is to find:
(v) The following not a source of government revenue:
(vi) The statement used to check the correctness of the cashbook balance and bank statement balance is known as:
(vii) Properties which are held in the business for a long time are called:
(viii) The sale of goods on credit to Kahaya amounting to Tsh 200,000/= should be recorded as:
(ix) Proper document used when depositing money in the bank is known as:
(x) Which of the following is not a book of original entry?
(xi) A cheque drawing or issued and entered in the cash book but not passed through the bank for payment until after the relevant date is known as:
(xii) The three column cash book records:
(xiii) One of the following reasons allows the goods to be returned to the supplier:
A. Durable goods
B. Consumable goods
C. Expired goods
D. Perishable goods
(xiv) Capital and drawing accounts are classified as:
(xv) Which of the following statements is not correct?
2. Match the items in LIST A with the responses in LIST B by writing the letter.
LIST A | LIST B |
(i) A book of prime entry used to record returns outwards from goods bought on credit (ii) A book of prime entry used to record all goods sold on credit (iii) A book of prime entry used to record returns inwards for goods sold on credit (iv) A book of prime entry used to records all goods bought on credit (v) A book of prime entry used to record all transactions which cannot be recorded in any other books of prime entry |
|
SECTION B: (20MARKS)
Answer all questions in this section
3(a) Classify the following into personal, real and nominal accounts
NAME OF ACCOUNT | CLASSIFICATION |
|
|
.3(b) Complete the gaps in the following table
ASSETS | LIABILITIES | CAPITAL | |
i | 55,000 | 16,900 | . . . . . . . |
ii | . . . . . . .. | 17,200 | 34,400 |
iii | 36,100 | . . . . . . .. | 28,500 |
iv | 119,500 | 15,400 | . . . . . . . |
v | 88,000 | . . . . . . .. | 62,000 |
4. John Kibwetere is an account holder in National Microfinance Bank (NMB) who opened current account in that bank. At the beginning of March 2001 balance of cash book and balance of bank statement were the same amount Tsh 200,000, but at the end of that month 31-3-2001 two balances were disagree. Briefly explain five reasons which make two balances to disagree.
SECTION C (60 MARKS)
Answer all questions
5. The following is a summary of Mamayoyo’s petty cash transaction for the period of 1st December to 5th December 2000.
December 1st received from main cashier Tshs 40,000=
1st paid sweeping charges Tshs 5,000=
1st bought coffee, tea and sugar Tshs 6,200=
1st paid telegram charges Tshs 11,200=
2nd paid carriage Tshs 7,500=
2nd bought postage stamps Tshs 2,500=
3rd bought stationary Tshs 4,300=
4th paid carriage Tshs 700=
5th paid telegram charges Tshs 1,700=
Enter the above transactions into a petty cash book with analysis column of Stationary, Postage, Telegrams and Sundry expenses.
6. Post the following details into the Statement of Financial position of Moshi Traders as at 3112-2004.
Capital Tshs. . . . . . . . . 150,000
Net profit Tshs. . . . . . . . 50,000
Drawings Tshs. . . . . . . . .. 70,000
Creditors Tshs . . . . . . . . . 30,000
Loan from NMB Tshs . . . . . . . . . 130,000
Bank overdraft Tshs. . . . . . . . ... 40,000
Machinery Tshs. . . . . . . . ... 130,000
Motor van Tshs. . . . . . . . . 40,000
Furniture Tshs. . . . . . . . . 25,000
Premises Tshs. . . . . . . . . 53,000
Stock Tshs. . . . . . . . . 17,000
Debtors Tshs . . . . . . . . . 15,000
Cash at bank Tshs . . . . . . . . . 30,000
Cash in hand Tshs . . . . . . . . . 20,000
7. The following is the summary of Cash Book of Bora Brothers Ltd as appeared on 31st December 2010
DR | CASH BOOK | CR | |||||
DATE | DETAILS | F | AMOUNT | DATE | DETAILS | F | AMOUNT |
1.12.201 0 8.12.201 0 15.12.20 10 26.12.20 10 30.12.20 10 1.1.2011 | Balance Peter Salmini Cash Hamisi Balance | b/ d b / d | 495,000 76,000 54,000 88,000 116,000 829,000 634,000 | 9.12.201 0 26.12.20 10 28.12.20 10 31.12.20 10 | Musa Charles Samson a/ c Balance | c/ d | 47,000 106,000 42,000 634,000 829,000 |
NOTE: He receives the following Bank Statements from his manager
BANK STATEMENT
DATE | DETAILS | DEBIT | CREDIT | BALANCE |
1,12,2010 8.12.2010 9.12.2010 15.12.2010 26.12.2010 29,12,2010 31.12.2010 | Balance b/d Cheques Musa a/c Cheque Cash Credit transferJuma Bank charges | 42,000 40,000 | 76,000 54,000 88,000 52,000 | 495,000 571,000 529,000 583,000 671,000 723,000 683,000 |
Require:
a)Prepare adjusted Cash Book
b). Prepare bank reconciliation statement starting with balance as per adjusted Cash Book
FORM TWO BKEEPING EXAM SERIES 21
FORM TWO BKEEPING EXAM SERIES 21
PRESIDENT'S OFFICE REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT
TANZANIA HEADS OF ISLAMIC SCHOOLS COUNCIL
FORM TWO INTER ISLAMIC MOCK EXAMINATION
062 BOOK KEEPING
TIME: 2:30 HOURS Thursday, 30th September 2021 a.m.
Instructions
1. This paper consists of sections A, B and C with a total of seven (7) questions.
2. Answer all questions.
3. Section A and B carry twenty (20) marks each and section C carries sixty (60) marks.
4. All answers must be written in the spaces provided.
5. All writings must be in blue or black ink except for drawings which must be in pencil.
6. Calculators, cellular phones and any unauthorized materials are not allowed in the examination room.
7. Write Your Examination Number on the top right of every page.
FOR EXAMINER’S USE ONLY | ||
QUESTION NUMBER | SCORE | EXAMINER’S INITIALS |
1 | | |
2 | | |
3 | | |
4 | | |
5 | | |
6 | | |
7 | | |
TOTAL | | |
CHECKER’S INITIALS | |
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 its letter in the box provided.
(i) What is the purpose of book keeping?
(ii) Which statement describes the purpose of trial balance?
(iii) General ledger accounts that record incomes and expenses such as purchases, sales, wages and salaries:
(iv) Which statement describes development expenditure?
1. They are registered in the assets register of the government
2. They are the day-to-day running expenses of the government
3. They are assigned depreciation rate (if applicable)
(v) The compulsory payments by individuals and firms to the government are of two categories:
(vi) Why an income statement is prepared?
(vii) Which account concept states that the business transactions must be separated from the personal transactions of the owner?
(viii) The amount of cash or stock taken from the business by the owner for their personal use:
(ix) What is the going concern principle?
(x) Why would a Bank Manager look at trader’s financial statement?
2. Match the items in column A with the response in column B by writing the letter of the response besides the item number in the space provided:
COLUMN A | COLUMN B |
(i) A day book where all credit sales are first recorded (ii) A document issued by the business making a sale containing detailed information about the sale (iii) A day book where all credit purchases transactions are first recorded (iv) A book containing all the accounts of the credit customers of the business (v) A day book used to record all goods sold that are returned to business (vi) A sale invoice viewed from the perspective of the business making the purchase (vii) A place where transactions are first recorded before they are posted to the ledger account (viii) A book containing all the accounts of the credit suppliers of the business (ix) A document issued by the business when accepting returns inwards (x) A day book used to record all goods that are returned by the business to the original supplier |
|
Answers:
Column A | (i) | (ii) | (iii) | (iv) | (v) | (vi) | (vii) | (viii) | (ix) | (x) |
Column B | | | | | | | | | | |
SECTION B: (20 Marks)
Answer all questions in this section
3. Kibonde, an accountant for Bee& Cee Company is very happy as he has just finished preparing the trial balance as at 31st March 2021 in which the debit column seems to agree with the credit column. However he has been told by assistant that the agreement of trial balance totals is not a proof that the trial balance is free from errors. Outline the possible mistakes (five) that may have been committed in Kibonde’s accounts (ledger)
4. Show the account to be debited and credited in each of the following transactions:
Items | Transactions | Account to be Debited | Account to be credited |
i | Purchases of goods by cash | ||
ii | Cash sales of goods | ||
iii | Credit sales of goods to Kitetemo | ||
iv | Purchases of goods from Mano | ||
v | Banked cash |
SECTION C: (60 Marks)
Answer all questions in this section
5. The following trial balance was extracted from the books of Muha as at 30th September 2019.
Trial balance as at 30th September 2019
Name of account | Dr-TZS | Cr-TZS |
Capital ………………………………………… | ……………… | . 149,000 |
Cash in hand …………………………………… | 12000 | |
Cash at bank …………………………………… | 110,000 | |
Stock (1.10.2018) ……………………………... | . 210,000 | |
Trade creditors ……………………………… | ………………… | 100,000 |
Trade debtors ………………………………….. | 80,000 | |
Returns inwards ……………………………….. | 5,000 | |
Sales ………………………………………… | ………………… | 560,000 |
Purchases ……………………………………… | . 205,000 | |
Salaries ………………………………………… | 40,000 | |
Water and electricity ………………………….. | 6,000 | |
Postage ………………………………………… | 2000 | |
Drawings………………………………………. | 9000 | |
Furniture and fittings …………………………. | 75,000 | |
Motor van …………………………………….. | 320,000 | |
Equipment ……………………………………. | 30,000 | |
Loan ………………………………………… | ………………… | 300,000 |
Rent received ………………………………… | ……………….. | 12,000 |
Office rent ……………………………………. | 17,000 | 1,121,000 |
1,121,000 |
Closing stock was valued at TZS 135,000.
Required:
(a) Prepare his income statement for the year ended 30th September 2019.
(b) Prepare his statement of financial position as on that date and clearly show the total assets, net assets and owner’s equity.
6.The bank column in the cash book for November 2004 and the bank statement for that month for Kamgunda are:
Cash book
2004 | TZS | 2004 | TZS |
Nov 5 Pengo | 8,000 | Nov 1 balance b/d | 21,000 |
Nov 14 Flora | 11,500 | Nov 4 Hassan | 7,400 |
Nov 18 Renatus | 8,600 | Nov 21 Nova | 9,500 |
Nov 24 Ummy | 19,000 | Nov 24 Boris | 16,700 |
Nov 26 Yayale | 13,000 | Nov 30 balance c/d
| 5,900 60,500 |
60,500 |
2004 | Dr TZS | Cr TZS | Balance TZS |
Nov 1 Balance b/d | | 21,000 (Dr) | |
Nov 9 Cheque | 7,400 | | 28,400 (Dr) |
Nov 11 Sundries | 8,000 | 20,400 (Dr) | |
Nov 12 Bank charges | 4,100 | | 24,500 (Dr) |
Nov 17 Standing orders | 7,500 | | 32,000 (Dr) |
Nov 18 Sundries | 11,500 | 20,500 (Dr) | |
Nov 20 Cheque | 9,500 | | 30,000 (Dr) |
Nov 27 Sundries | 8,600 | 21,400 (Dr) | |
Nov 29 Dividend | 6,400 | 15,000 (Dr) |
Required:
(a) Write up the cash book up to date and state the new balance as on 30th November 2004.
(b) Draw up a bank reconciliation statement as on 30th November 2004 starting with the balance as per adjusted cash book.
7.Bwana Fulani started business on 1st January 2021 to deal with cheap items with capital of TZS 500,000 in cash. He made the following transactions during the month of January.
Jan 2 Purchased goods for cash TZS 17,500
Jan 12 | Sold goods for cash TZS 7,000 |
Jan 16 | Sold goods to Jumong TZS 10,500 |
Jan 19 | Bought goods from Lee TZS 12,000 |
Jan 22 | Paid general expenses in cash TZS 2,000 |
Jan 23 | Sold goods to Koboko TZS 15,000 |
Jan 24 | Paid wages to all employees TZS 3,000 |
Jan 26 | Paid cash to Lee TZS 12,000 |
Jan 27 | Received cash from Jumong TZS 10,000 |
Jan 29 | Paid TZS 3,000 for advertisement |
Required:
Enter the above transactions into the following accounts, balance them at the end of January and bring forward the balances on 1st February where necessary:
(a) Cash account
(b) Jumong account
(c) Koboko account
FORM TWO BKEEPING EXAM SERIES 5
FORM TWO BKEEPING EXAM SERIES 5