PRESIDENT OFFICE REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT

BOOK - KEEPING - FORM ONE MID TERM TEST MARCH - 2023

TIME: 2:30HRS

INSTRUCTIONS

1. This paper consists of sections A,B and C.
2. Answer all questions.
3.  All writing must be in blue or black ink.
4. Write your examination number (name) at the top wrote corner of every page.

SECTION A ( 20 MARKS)

1. For each of the items (i) – (x) choose the correct answer and write its letter in the box provided.

(i) The cash or goods taken out of the business for private uses are known as;

1. Profit
2. Loss
3. Drawings
4. Balance

(ii) Which of the following is the best definition of a trial balance?

1. It shows the financial position of the business
2. It is a list of balances on the book
3. It shows all the entries in the books
4. It is a especial account

(iii) A document issued to the customer whenever a customer returns goods to the supplier is

1. An invoice
2. A pro – forma invoice
3. A debit note
4. credit note

(iv) Which of the following is not ma book of original entry?

1. Returns inwards journal
2. Purchases journal
3. Sales ledger
4. Cash book

(v) The correct heading for a trial balance is; 

1. Trial balanced as at . . . . .
2. Trial balance of . . . ...
3. Trail balance for the period ended . .
4. Trial balance of . . ... for the period ended . ...

(vi) Which of the following should not be called “purchases”?

1. Items bought for prime purpose of resale
2. Goods bought on credit
3. Office stationary
4. Goods bought for cash

(vii) Which of the following has a credit balance in the ledger?

1. Carriage inwards
2. Carriage outwards
3. Returns inwards
4. Returns outwards

(viii) Capital and drawings accounts are classified as; 

1. Personal accounts
2. Nominal account
3. Real accounts
4. Proprietors accounts

(ix) The total of purchases Journal is entered on the

1. Debit side of the purchases Journal
2. Credit side of the bought Journal
3. Debit side of the purchases account
4. Debit side of the purchases returns account

(x) One of the following reasons allows the goods to be returned to the supplier.

1. Expired goods
2. Durable goods
3. Consumable goods
4. Perishable goods

2. Choose the correct term from group A which matches with the explanation in Group B and then write it against the number of the relevant explanation.

3. Mention any five accounting concepts

SECTION B (20MARKS)

4. Complete the following table and show which accounts are t be debited and which are to be credited.

SECTION C (60 MARKS)

5. From the following accounts balances prepare E.EMA’S Trial balance as at 31 December 2017.

6. SOMA UFAULU and Co. stared business on 1st February 2018 with capital in cash sh 150,000

Other transactions were (Tsh)

Required to prepare a cash account, balance it and bring down the balance.

N.B: Other accounts not required.

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

BOOK - KEEPING - FORM  ONE MID TERM TEST APRIL - 2022

TIME: 2:30HRS

INSTRUCTIONS

1.   This paper consists of sections A,B and C.

2.   Answer all questions.

3.   All writing must be in blue or black ink.

4.   Write your examination number (name) at the top wrote corner of every page.

SECTION A (20MARKS)

1. For each of the items (i) – (x) choose the correct answer and write its letter in the box provided.

 i)The cash or goods taken out of the business for private uses are known as;

1.  Profit
2. Loss
3. Drawings
4. Balance

 ii) Which of the following is the best definition of a trial balance?

1. It shows the financial position of the business
2. It is a list of balances on the book
3. It shows all the entries in the books
4. It is a especial account

 iii) A document issued to the customer whenever a customer returns goods to the supplier is

1.  An invoice
2. A pro – forma invoice
3. A debit note
4. A credit note

iv)Which of the following is not ma book of original entry?

1. Returns inwards journal
2. Purchases journal
3. Sales ledger
4. Cash book

v) The correct heading for a trial balance is; 

1. Trial balanced as at ……………
2. Trial balance of …………..
3. Trail balance for the period ended……
4. Trial balance of ……….. for the period ended …….. 

vi) Which of the following should not be called “purchases”?

1. Items bought for prime purpose of resale
2. Goods bought on credit
3. Office stationary
4. Goods bought for cash

vii) Which of the following has a credit balance in the ledger?

1. Carriage inwards
2. Carriage outwards
3. Returns inwards
4. Returns outwards

viii) Capital and drawings accounts are classified as; 

1. Personal accounts
2. Nominal account
3. Real accounts
4. Proprietors accounts

ix)The total of purchases Journal is entered on the

1. Debit side of the purchases Journal
2. Credit side of the bought Journal
3. Debit  side of the purchases account
4. Debit side of the purchases returns account

x) One of the following reasons allows the goods to be returned to the supplier.

1. Expired goods
2. Durable goods
3. Consumable goods
4. Perishable goods

 2. Choose the correct term from group A which matches with the explanation in Group B and then write it against the number of the relevant explanation.

 SECTION B (20MARKS)

 3. Mention any five accounting concepts

4. Complete the following table and show which accounts are t be debited and which are to be credited.

SECTION C (60 MARKS)

 5. From the following accounts balances prepare E.EMA’S Trial balance as at 31 December 2017.

 6. Wema and co. stared business on 1st February 2018 with capital in cash sh 150,000. Other transactions were                                                                               

Required to prepare a cash account, balance it and bring down the balance.

N.B: Other accounts not required.

THE MINISTRY OF EDUCATION AND LOCAL GOVERNMENT

FORM ONE MID TERM EXAMINATION- MARCH 2020

062        BOOK KEEPING

Duration: 2:30 Hours

INSTRUCTIONS.

1. This paper consists of sections A, B and C with a total of seven (7) questions.
2. Answer all questions.
3. All writing must be in blue or black ink except drawing which must be in pencil.
4. Calculators, cellular phones and any unauthorized materials are not allowed in the examination room.
5. Write your Examination Number at the top right corner of every page.

SECTION A (20 Marks)

Answer all questions in this section.

1. Choose the most correct answer.

(i)              Which of the following is not a reason why we study book – keeping?

1.           To balance income statement
2.            To determine profit.
3.            For business control
4.           For fair tax assessment.

 (ii) A person to whom money is owned for goods and service is called?

1.           Debtor
2.            Investor
3.            Creditor
4.           Proprietor.

 (iii) Identify a non current asset below.

1.           Motor van
2.            Bank balance
3.            Premises
4.           Land

 (iv) Credit transaction are:

1.           Entries recorded on credit side of an account.
2.            Creditors transactions
3.            Transaction made for future payments.
4.           Transaction for credit note.

 (v) Which statement below is not correct?

1.           Asset – Capital = Liabilities
2.            Liabilities + Assets = Capital
3.            Assets – Liabilities = Capital
4.           Liabilities + Capital = Assets.

 (vi) Identify a liability below.

1.           Office furniture
2.            Creditor
3.            Debtors
4.           Cash and bank.

(vii) A business transaction is:

1.           Information related to buying and selling of goods and service.
2.            Art of keeping books of account.
3.            The movement of money or money worth from one person to another.
4.           None of the above.

(viii) An art of recording financial business transaction in a set of books and in terms of money or money worth is known as?

1.           Closing entries
2.            List of Assets and Liabilities
3.            Book - keeping
4.           Classification of Business transaction.

(ix) Accounting convention of prudence means.

1.           Accounting information should give full and fair information
2.            One method of accounting once chosen should be used consistently
3.            Financial accounts are drawn on conservative basis.
4.           Consider significant items only when preparing financial statement.

(x) In accounting, going concern means.

1.           Business is assumed to continue its operations indefinitely
2.            Accounting activities should be measurable in money terms.
3.            Enter transactions in book of account at amount actually involved.
4.           Treat business entity as separate from owner.

2. Match the items from list A with those in list B.

3. (a) Define the following terms.

(i)     Accounting

(ii)  Book – keeping

(iii) Capital

   (b) Explain four objectives of book – keeping 

4. (a) Differentiate assets from liability.

    (b) Mention and explain two types of Transaction.

    (c) Mention advantages of business control.

5. Complete the table below 

6. Baba Songambele started a business on 1^st Jan 2013 with capital worth Tshs. 500,000/= during the month of January 2013 the following transaction took place 

 January 3 purchased goods for cash 80,000/=

 January 4 Bought painting materials for cash 80,000/=

 January 5 Sold goods for cash 30,000/=

 January 6 bought goods for cash 80,000/=

 January 8 purchased goods paid cash 10,000/=

 January 10 bought goods for cash 50,000/=

 January 11 paid wages for cash 5,000/=

Required to: By using double entry principle records the above transactions in cash book and complete    the double in respective ledger accounts.

7. The following information was obtained from the books of Kijana on Feb 2015.

 February 1 Kijana started business with cash in hand 200,000/=

 February 2 Purchases building for cash 15,000/=

 February 3 bought goods for cash 12,000/=

 February 4 bought machine for cash 5,000/=

 February 7 paid rent for cash 10,000/=

 February 8 received cash from Debtors 20,000/=

 February 10 paid creditors by cheque 15,000/=

 February 18 bought postage stamp for cash 40,000/=

 February 21 cash sales 1,700,000/=

 February 22 bought goods for cash 1,200,000/=

Required to record the above transaction using double entry principle, balance off the accounts and bring down the balances.