FORM FOUR BKEEPING NECTA MULTIPLE CHOICE 2017

THE UNITED REPUBLIC OF TANZANIA NATIONAL EXAMINATIONS COUNCIL

CERTIFICATE OF SECONDARY EDUCATION EXAMINATION

062            BOOK KEEPING

(For Both School and Private Candidates)

Time: 3 Hours                         Friday, 03rdNovember 2017 p.m

Instructions

  1. This paper consists of sections A, B and C with a total of seven (7) questions.
  2. Answer all questions.
  3. Calculators, cellular phones and any unauthorised materials are not allowed in the examination room.
  4. 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) - (x), choose the correct answer from among the given alternatives and write its letter beside the item number in the answer booklet provided.

(i)  A credit balance of sh. 20,000 on the cash column of the cash book would mean that 

  1. the business owner has Tsh. 20,000 cash in hand.
  2. the bookkeeper has drawn Tsh. 20,000 in his cash book.
  3. the shop keeper lost Tshs. 20,000 from the business.
  4. the shop keeper sold goods on credit for Tsh. 20,000.
  5. the business owner spent Tsh. 20,000 more than he/she has received.
Choose Answer :

(ii) Sales invoices are first entered in the

  1. cash book 
  2. purchases journal 
  3. sales account 
  4. sales journal 
  5. purchases account.
Choose Answer :

p class="MsoNormal" style="margin-top: 0in; margin-right: 2.5pt; margin-bottom: 0.2pt;">(iii) An authority letter issued by the Accounting Officer or his deputy covering the authority for specific expenditure is called

  1. ambit of the vote 
  2. warrant of funds 
  3. virement
  4. reallocation warrant
  5. warrant holder. 
Choose Answer :

(iv) Which of the following are the examples of revenue expenditure? 

  1. Purchases of goods and payment for electricity bill in cash 
  2. Repair of van and petrol costs for van
  3. Buying machinery and paying for installation costs
  4. Electricity costs of using machinery and buying van
  5. Buying van and petrol costs for van
Choose Answer :

(v) Which of the following is treated as current assets in the preparation of statement of financial position?

  1. Unearned revenue
  2. Accrued expenses
  3. Accrued revenue
  4. Depreciation expenses
  5. Accumulated depreciation
Choose Answer :

(vi) In the trial balance the balance on the provision for depreciation account is 

  1. not shown, as it is part of depreciation.
  2. shown as a debit items.
  3.  shown as a credit items.
  4. shown in both sides of the trial balance.
  5. sometimes shown as a credit, sometimes as a debit.
Choose Answer :

(vii) When the financial statements are prepared, the bad debts account is closed by being transferred to

  1. balance sheet.
  2. profit and loss account. 
  3. trading account. 
  4. provision for doubtful debts account.
  5. profit and loss appropriation account.
Choose Answer :

(viii) At the beginning of accounting year Y. club has Tsh. 14,000 as non-current assets, Tsh. 5,000 as current assets and Tsh. 5,000 liabilities. What would be its opening accumulated fund?

  1. Tsh. 4,000. 
  2. Tsh. 14,000.
  3. Tsh. 5,000. 
  4. Tsh. 24,000. 
  5. Tsh. 12,000. 
Choose Answer :

(ix) A cheque which is not accepted for payment by the bank due to insufficient fund in the drawer’s bank account is referred to as

  1. dishonoured cheque
  2. unpresented cheque
  3. uncredited cheque
  4. unrecorded cheque
  5. open cheque
Choose Answer :

(x) What is the effect of Tsh. 50,000 being added to purchases instead of being added to a non-current asset?

  1. Net profit would be understated
  2. Net profit would be overstated
  3. Net profit would not be affected
  4. Gross profit would be effected
  5. Both gross and net profits would be understated
Choose Answer :

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