FORM ONE BKEEPING MIDTERM-2 EXAMS

PRIME MINISTER'S OFFICE, REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT

FORM ONE MIDTERM EXAMINATION 

 025   BOOK-KEEPING 

 Time: 2:30 Hours Aug./ Sept., 2026

Instructions

  1. This paper consist of section A, B and C with a total of nine (9)questions.
  2. Answer all questions in the space provided
  3. Section A carries fifteen (15)marks, section B forty (40)marks and section C carries forty five (45) marks.
  4. All writing must be in blue or black ink
  5. Non programmable calculators may be used.
  6. Cellular phones and any unauthorized materials are not allowed in the assessment room
  7. Write your Assessment Number at the top right hand corner of every page.
FOR EXAMINERS’ USE ONLY
QUESTION NUMBER SCORE EXAMINER’S INITIALS
1.

2.

3.

4.

5.

6.

7.

8.

9.

TOTAL

CHECKER’S INITIALS

SECTION A (15 Marks)

Answer all Questions from this section

1. In the following questions (i) to (x) choose the most correct answer from among the given alternatives writing it against the item number in your answer sheet.

i) Monica is wholesaler at Moshi. She decided to take TZS 2,400,000 from her business to pay school fees for her daughter. In bookkeeping this kind of act is termed as

  1. Increase of capital
  2. Misappropriation of funds
  3. Parental care
  4. Drawings

ii) Given that Total assets is TZS 1,250,000, and liabilities TZS 450,000. What will be the amount of owner’s equity?

  1. TZS 1,700,000 
  2. TZS 700,000 
  3. TZS 360,000
  4. TZS 800,000

iii) Sarah is recording a sales invoice issued to a customer for TZS 100,000. The customer will pay later. In which book of prime entry should Sarah record the sales invoice?

  1. Sales Journal 
  2. Purchase Journal 
  3. Cash Book
  4. General Journal

iv) Jackson bought a machine costing TZS 450,000 and made immediate settlement by cash. The two accounts involved in such transaction will be:

  1. Cash Account and Sales Account
  2. Purchases Account and Cash Account
  3. Machine Account and Cash Account
  4. Purchases Account and Bank account

v) Which of the following best describes the double-entry system of bookkeeping?

  1. Recording each transaction once
  2. Recording each transaction twice
  3. Recording each transaction in two different places
  4. Recording each transaction in the cash book only

vi) The term “journal entry” in bookkeeping refers to:

  1. Recording transactions in the general ledger
  2. A summary of all transactions
  3. The initial recording of a transaction in a journal
  4. Closing accounts at the end of the period

vii) The main book of account used for recording business transactions using double entry principle is called

  1. Cash book 
  2. Bank account
  3. Ledger
  4. Journal

viii) Which among the following is not the objective of studying bookkeeping?

  1. To determine profit or loss of the business
  2. To control business
  3. To make fair tax assessment
  4. To be employed

ix) Which of the following is not correct?

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

x) Which among the following transactions cannot be classified as purchases in the business?

  1. Bought goods at TZS 200,000 by cheque
  2. Bought furniture for use in the business at TZS 450,000
  3. Bought goods on credit from a Trader at TZS 340,000
  4. Purchased 20 boxes of pens @ TZS 10,000 for reselling at TZS 500 a pen.

Answers

i ii iii iv v vi vii viii ix x









.

2. Match the books of prime entry items from (i – v) in List A against corresponding items in List B

LIST A

LIST B
  1. Goods bought for resale
  2. Selling of goods bought for resale
  3. Goods taken from business for personaluse
  4. Goods returnedbythecustomers to business
  5. Goods returned to the supplierbythe business
  1. Returns outwards
  2. Purchases
  3. Returns inwards
  4. Drawings
  5. Carriage inwards
  6. Sales
  7. Carriage outwards

Answers

List A i ii iii iv v
List B




SECTION B (40 Marks)

Answer All Questions

3. Define the following terms

  1. Book-keeping
  2. Double entry principles
  3. Books of Prime entry
  4. Source Documents
  5. Drawings

4. You are provided with the following cash transactions of Mr. Chacha, a retailer, for the month of March 2025. Identify account to debit and account to credit

DATE

TRANSACTION DESCRIPTION

ACCOUNT TO DEBIT

ACCOUNT TO CREDIT

Mar 1

Started business with Cash TZS 300,000

Mar 2

Bought goods for TZS 90,000bycheque

Mar 4

Sold goods for cash TZS 130,000

Mar 6

Paid wages TZS 40,000

Mar 8

Received cheque fromAzizaTZS 50,000

Mar 10

Paid for transport TZS 20,000bycheque

Mar 15

Withdrew TZS 50,000 cash for personal use

Mar 17

Received cash from Salum TZS 35,000

Mar 22

Paid cash to James TZS 60,000

Mar 28

Bought goods for cash TZS 15,000

5. Complete the following table of Asset, Liabilities and Capital.

S/no.

Assets (TZS)

Liabilities (TZS)

Capital (TZS)

a)

230,000

_________________

36,000

b)

_________________

408,000

220,000

c)

2,000,000

600,900

_________________

d)

_________________

70,300

100,000

e)

1,000,000

_________________

458,400

6.Ngosha started a business at Gongolamboto Nature Streat in last two years.During his business activities as a wholesaler faced with so many complains from his client and mostly returned goods after purchasing.From his or her knowledge attained into form one class, what do you think the reasons behind the client of Ngosha returned goods after purchasing?Mention at least 5 reasons.

SECTION C (45 Marks)

Answer all questions from this Section

7. The following transactions were extracted from the books of Christina’s Shop during the month of December 2020.

DEC DETAILS
2nd

Credit sales to Saraphina:

5 crates of soda @ TZS 12,000;

3 trays of eggs @ TZS 5,000 and

10 cartons of drinking water @ TZS 3,500.

All goods were subject to 5% trade discounts.
11th

Sold goods on credit to Rozalia:

10 boxes of Pen @ TZS 5,000;

15 boxes of table salts @ TZS 250 and

10 boxes of biscuits @ TZS 3,000.
26th

Sold goods to Saraphina:

5 litres of milk @ TZS 500; and

13 kg of White flour @ TZS 1,400.

All were subject to 10% trade discounts.

Required:Prepare Sales Journal to record the given transactions.

8. Benson Enterprise made the following transactions during the month of October 2020.

Date Details TZS
Oct 2nd Cash in hand 458,000
Oct 3rd Received cash from debtors 26,000
Oct 12th Cash sales to date 379,060
Oct 16th Cash purchases 261,000
Oct 18th Cash sales 160,000
Oct 19th Furniture bought on cash 210,000
Oct 20th Paid insurance 300,000
Oct 21st Purchased goods 160,000
Oct 22nd Cash sales 288,000
Oct 26th Bought Motor Van 450,000
Oct 26th Paid rent and rates 40,000
Oct 27th Cash sales 251,210
Oct 28th Bought furniture 150,000
Oct 29th Paid tax 50,000
Oct 30th Paid business license 36,000
  • Open up a single column cash book and balance it as at the end of the month

9. Below are cash transactions recorded by Ujenzi Traders during May 2025:

  • May 1: Started the business with TZS 3,500,000 in cash.
  • May 3: Bought goods for, TZS 1,200,000 in cash.
  • May 5: Paid wages in cash, TZS 250,000.
  • May 7: Sold goods for cash, TZS 1,100,000.
  • May 10: Bought a computer in cash, TZS 700,000.
  • May 13: Paid for rent, TZS 180,000 by cheque.
  • May 15: Sold goods for cash, TZS 950,000.
  • May 18: Paid salaries in cash, TZS 400,000.
  • May 21: Bought more goods TZS 600,000 by cheque.
  • May 25: Sold goods and received cheque of TZS 850,000.

Required:Prepare the journal entries to record the above transactions of Ujenzi Traders.

FORM ONE BKEEPING EXAM SERIES 298  

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FORM ONE BKEEPING EXAM SERIES 298  

THE PRESIDENT’S OFFICE
REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT
FORM ONE EXAMINATION
MWANZA    SECONDARY SCHOOL.
BOOK-KEEPING

Time:2:30 HoursAUGUST:2025
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.
SECTION A (15 Marks)
Answer  all  questions in this section.
1. For each of the items (i) - (x), choose the correct answer from the given alternatives  and write its letter beside the item number in the box provided:
i. All assets are recorded in the books of accounts at their purchases price.
(a) going concern principle 
(b) Business entity principle
(c) Historical cost principle
(d) Money measurement principle.
ii. The concept state that a business firm will continue to carry on its activities for  unforeseeable future of time.
(a) Continuity principle
(b) Time period principle
(c) Matching principle
(d) Accrual basis principle
iii. The revenues and expenses must be compared to determine the profit or loss  made by the business.
(a) Historical cost principle
(b) Matching principle
(c) Conservatism principle
(d) Consistency principle
iv. Only transactions which can be expressed in terms of money are recorded in the  books of account.
(a) Monetary unit principle
(b) Business entity concept
(c) Accrual basis principle
(d) Matching principle
v. The owner’s affairs and his or her business must be separated
(a) Consistency principle
(b) Monetary unit principle
(c) Business entity principle
(d) Accrual basis principle
vi. The information should be included in financial statements if it is significant  enough to influence the decisions of users, such as investors, lenders, or other  stakeholders.
(a) Materiality principle
(b) Consistency
(c) Accrual basis principle
(d) Matching principle
vii. Companies should use the same accounting methods and procedures from one  period to another.
A. Going concern principle
B. Time period principle
C. Consistency principle
D. Business entity concept
viii. The life of a business is divided into uniform time intervals for measuring its  performance or progress
(a) Time period principle
(b) Going concern principle
(c) Historical cost principle
(d) Matching principle
ix. Every financial transaction has two offsetting effects, that is a give and take so  records must be shown in two accounts.
(a) Time period principle
(b) Accrual basis principle
(c) Monetary unity principle
(d) Dual aspect principle
x. Sales and expenses are taken account of in the accounting period in which they  occur whether or not cash was received or paid out.
(a) Accrual principle
(b) Dual aspect principle
(c) Historical cost principle
(d) Consistency principle.
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:


3.
SECTION B (40 Marks)
Answer  all  questions in this section.
4. Briefly describe the meaning of the following terms:
(i) Book keeping
____________________________________________________________________________________________ __________________________________________________
(ii) Transaction
____________________________________________________________________________________________ __________________________________________________
(iii) Business
____________________________________________________________________________________________ ________________________________________________
(iv) profit 
__________________________________________________________________   __________________________ ________________________________________________
(v) creditor
____________________________________________________________________________________________ ______________________________________________


5. Differentiate between the following terms
(i) cash transactions and credit transactions
………………………………………………………………………………………………………………………………………… ………………………………………………………………………………………………………………………………………… …………………………………………………………………………………….
(ii) single entry system and double entry system.
………………………………………………………………………………………………………………………………………… ………………………………………………………………………………………………………………………………………… …………………………………………………………………………………….
6. Mention procedures of accounting process/cycle.
(i) ……………………………………………………………………………………….
(ii) ………………………………………………………………………………………
(iii) ………………………………………………………………………………………...
(iv) ………………………………………………………………………………………..
(v) ………………………………………………………………………………………..
(vi) ………………………………………………………………………………………..
(vii) ………………………………………………………………………………………..
(viii) ……………………………………………………………………………………….
7. Briefly describe the relationship between book-keeping and other disciplines.
(i)……………………………………………………………………………………………
(ii)……………………………………………………………………………………………
(iii)……………………………………………………………………………………………
(iv)………………………………………………………………………………………………
(v)……………………………………………………………………………………………….
SECTION C (45 Marks)

Answer  all  questions in this section
8. From the following details identify  assets ,  liabilities  and  expenses : -
Salaries and wages, furniture, motor vehicles, creditors, advertising, debtors, transport  cost, repairs, land and building. cash in hand, cash at bank, delivery van, plant and  machinery, insurance, inventory


.
  9. complete the gaps in the following table.


10. You are required to help MR. JEBRA to prepare a statement of affairs as at  31 st February 2024 given the following list of his Assets and liabilities Items Tshs
Shaving machines……………………………………………….480,  000Furnitures…………………………………………………………620,000  Fittings…………………………………….……………………... 216,000
Consumables (soap, creams, towels) ……………………….115,000  Cash….…………………………………………...510,000  Capital…………………………………………………………….1, 105,000 
Account payable………………………………………836,000




FORM ONE BKEEPING EXAM SERIES 210  

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FORM ONE BKEEPING EXAM SERIES 210  

 

 

PRESIDENT OFFICE REGIONAL  ADMINISTRATION

AND LOCAL GOVERNMENT

SECONDARY EXAMINATION SERIES 

COMPETENCE BASED  ASSESSMENT

FORM ONE

MID TERM EXAMS-AUG– 2023

062     BOOK-KEEPING

Time: 2:00 Hours                             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 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 A must be written in the spaces provided.
  6.                Programmable calculators, cellular phones and any unauthorized materials are not allowed in examination room.

 

 

 

 

 

 

 

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:
  1.            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
  1.             On 20th July, 2023, Nathan, a sole trader purchased a machinery for cash paying TZS 3,500,000/=. What would be a double entry for this transaction?
  1.               Debit: Cash account, Credit: Machinery account
  2.               Debit: Purchases account, Credit: Machinery
  3.               Debit: Machinery account, Credit: Purchases account
  4.              Debit: Machinery account, Credit: Cash account
  1.           The debit side of the cash account is used to:
  1.               Record amount received in the business
  2.               Record amount of capital
  3.               Record amount paid out of the business                  
  4.              Recording amount of goods sold on credit
  1.           What is meant by book keeping?
  1.               An art of recording business transactions
  2.               An art of recording cash transactions
  3.               An art of recording bank transactions    
  4.              An art of recording credit transactions
  1.             Which of the following is the objective of book keeping?
  1.               Bridge the gap between buyer and seller
  2.               Fair tax assessment
  3.               Paying tax to the government     
  4.              Creation of employment
  1.           Posting the transactions in book keeping means:
  1.               Making the first entry of double entry transaction
  2.               Entering items in cash book
  3.               Making the second entry of a double entry
  4.              Recording a transaction once
  1.         ______________ are the books under which the transactions are entered before being posted to their respective ledgers.


  1.               Accounts
  2.               Subsidiary books
  3.               Cash books
  4.              Ledger books


  1.       “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
  1.           A subsidiary book that records transactions that owing to their nature are inadmissible to any other book of prime entry is:


  1.               General journal
  2.               Sales day book
  3.               Purchases journal
  4.              Cash book


  1.              _________ is a principle of book keeping which calls for “every business transaction must be recorded twice:


  1.               Journalizing
  2.               Double entry
  3.               Posting
  4.              Trial balance
  1.                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
  1.               The resources which are owned by the business for generating income
  2.             A book of prime entry used for recording all goods bought on credit.
  3.           The book where receipts and payments are recorded.
  4.           A book of prime entry used to record all goods sold on credit
  5.             A person who owes money to a business for goods or services supplied to him

 
  1.               Purchases journal
  2.               Sales journal
  3.               Ledger
  4.              Cash book
  5.                Expenses
  6.                Debtor
  7.              Journal proper
  8.              Assets
  9.                  Creditor
  10.                 Capital
  11.               Sales ledger

 

 

SECTION B (40 Marks)

Answer all questions in this section.

  1.                Complete the following table by identifying the account to be credited and debited as well:

 

S/N

Transactions

Account to be debited

Account to be credited

i

Cash paid to Rahima

 

 

ii

A payment of rent by cash

 

 

iii

Sales of goods to Mtumzima

 

 

iv

Cash received from Julius

 

 

v

Purchased goods for cash 

 

 


  1.                Use the knowledge of accounting equation to fill in the gap in the following table

S/N

ASSETS

CAPITAL

LIABILITIES

i

TZS 3,500,000

TZS 1,700,000

TZS   __________

ii

TZS   ___________

TZS 8,000,000

TZS 4,100,000

iii

TZS 4,900,000

TZS  _________

TZS 2,100,500

iv

TZS25,600,000

TZS 17,900,000

TZS    __________

v

TZS   ____________

TZS 15,500,000

TZS 3,400,000
  1.                Briefly describe the meaning of the following terms as used in book keeping


  1.             Trial balance

________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

 

  1.            Book keeping

________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

  1.              Credit transaction

________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

 

  1.            Sales day book

________________________________________________________________________________________________________________________________________________________________________________________________________________________

 

  1.             Capital

________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

  1.                Complete the table below by indicating whether the accounts are Nominal account, Real account or Personal account:

 

S/N

Name of accounts

Classification

i

Building account

 

ii

Advertising account

 

iii

Noreen account

 

iv

Furniture account

 

v

Mtumzima enterprises account

 

vi

Capital account

 

vii

Motor car account

 

viii

Sales account

 

ix

Salaries and wages account

 

x

Abdul-Karim account

 

 

 

 

SECTION C (45 Marks)

Answer all questions in this section.

  1.                MTUMZIMA, a wholesaler, made the following credit purchases during the month of April 2023:

April 1. Bought goods on credit from Matheo Store:

 10 Dozen of vitenge at TZS 80,000 a dozen

 25 Dozen of khanga at TZS 100,000 dozen

April 5. Credit purchases from Joshua Suppliers:

 12 Pairs of shoes at TZS 20,000 a pair.

 20 Pairs of boots at TZS 30,000 a pair

April 12. Credit purchases from Emelda Shop:

 70 Dozens of exercise books at TZS 30,000 a dozen

 10 Reams of papers at TZS 25,000 each.

April 22: Credit purchases from Nuzart Book store:

 20 Advanced leaner’s dictionaries at TZS 20,000 each.

 80 Fiction books at TZS 5,000 each.

Record above transactions in the Purchases journal for the month of April 2023.

_____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

 

  1.                On 1st Jan 2023, Brayden started a business with Capital TZS. 200,000 in cash: 

       TZS

Jan 2: Bought gods for cash __________________________   25,000

Jan 3: Sold goods for cash ____________________________ 60,000

Jan 5: Purchased goods for cash _________________________20,000

Jan 8: Bought furniture for cash _________________________ 50,000

Jan 10: Paid advertising charges __________________________ 8,000

Jan 15: Sold goods for cash ______________________________ 72,000

Required:

Enter above transactions into a Cash Account, balance it and bring down the balance and complete a double entry

 

____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________From the following list of balances of Mtumzima Traders, prepare a trial balance as at 31st March, 2023.

 

TZS

Capital 

70,000

Stock at 1.4.2022

25,000

Purchases

55,000

Sales

80,000

Insurance

2,500

Sundry Debtors

12,000

Creditors

26,100

Rent

12,000

Wages and Salaries

18,000

Motor car

15,000

Furniture

10,000

Insurance

10,500

Commission received

4,500

Cash at Bank

20,600

 

 

 

________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

 

Page 1 of 12

 

FORM ONE BKEEPING EXAM SERIES 146  

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FORM ONE BKEEPING EXAM SERIES 146  

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

COMPETENCY BASED SECONDARY EXAMINATION SERIES

FORM THREE EXAMINATION

062    BOOK-KEEPING FORM ONE

Time: 2:00 Hours 2022

Instructions

  1. This paper consists of Section A, B and C with a total of seven (07) questions.
  2. Answer ALL questions.
  3. All writing must be in blue or black ink except all drawings which must be in pencil.
  4. All answers must be written in the spaces provided.
  5. All unauthorized materials are not allowed in the examination room.

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:
  1. Goods returned to a business of TZS 40,000/= by Reginald are recorded in:
  1. Purchases journal   
  2. Purchases return journal
  3. Sales journal 
  4. Sales returns journal
  1. Anna and Nathan were arguing on the primary and basic objectives of recording and keeping accurate financial information of daily business transactions in the books of accounts. Which one of the following is the objective of book-keeping in a business?
  1. Bridge the gap between buyer and seller
  2. Fair tax assessment.       
  3. Paying tax to the government
  4. Creation of employment
  1. The debit side of a cash book is used to_________


  1. Record amount cash received in the business
  2. Record amount of capital       
  3. Record amount of cash paid out of the business                                             
  4. Recording amount of goods sold or bought on credit
  1. The act of recording transactions in any subsidiary books is called ________


  1. Posting
  2. Book keeping    
  3. Accounting 
  4.  Journalizing


  1. The column in the account which is used to record pages of reference in the books of accounts is called:


  1. Details   
  2.  Amount   
  3.  Folio
  4. Particulars


  1. Susan bought goods costing TZS 200,000 on credit from Luis Suppliers. Therefore, Susan is a:


  1. Supplier 
  2.  Creditor   
  3.  Debtor  
  4. Seller


  1.    A systematic recording of business transactions is called __________


  1. Book keeping      
  2. Double entry


  3. Record keeping             
  4.  Posting



  1. The column where the description of a transaction is recorded in the books of accounts is called:


  1. Details   
  2. Amount   


  3. Folio                           
  4. Particulars


  1. Franklin wants to start up a business dealing with Clothing Wholesale Store, but he does not have enough capital to commence his business. The following can be used as the sources of capital for his business Except:
  1. Money borrowed from bank
  2. Money saved for business start up
  3. Money saved for building a private house
  4. Cash received from sale of a private car
  1. If the Assets of the business amounted to TZS 85,000/= and Capital is TZS 60,000/= How much is the amount of Liabilities of the business?


  1. TZS 45,000/=
  2. TZS 145,000/=  
  3. TZS 25,000/=                                                                            
  4. TZS 85,000/=


  1. Match the items in Column A with the responses in Column B by writing the letter of the correct response below the corresponding item number in the table provided.

COLUMN A

COLUMN B
  1. A book of original entry used to record amount of goods returned by credit customers after being unsatisfactory
  2. A book of prime entry used for recording all goods bought on credit.
  3.         A document issued when goods are bought or sold on credit
  4. A book of prime entry used to record all goods sold on credit
  5. Book of original entry used to record prompt receipts and payments
  1. Sales day book
  2. Invoice
  3. Sales returns journal
  4. Purchases day book
  5. Ledger
  6. Cash book
  7. Purchases returns journal
  8. Debit note

Column A

i

ii

iii

iv

v

Column B




SECTION B (40 Marks)

Answer all questions in this section.

  1. Gailynn is an international businessperson who imports goods from various nations, last week she received two boxes of Electronic equipments from China. Upon serious investigation, she decided to return some of the equipments back to her supplier.

In five (05) outline the reasons for this to happen.

  1.          ______________________________________________________________________
  2.        ______________________________________________________________________
  3.      ______________________________________________________________________
  4.      ______________________________________________________________________
  5.        ______________________________________________________________________
  1.                                                                                                                                                                                       Mtumzima is a sole trader, owning a clothing wholesale store in Arusha. He is not knowledgeable of the source documents required to obtain the information which are used in preparation of the books of prime entry. Name five documents used as evidence of transactions in businesses.
  1.          ______________________________________________________________________
  2.        ______________________________________________________________________
  3.      ______________________________________________________________________
  4.      ______________________________________________________________________
  5.        ______________________________________________________________________
  1.                       Accounting conceptsare 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. List down five (05) accounting concepts used in book keeping.
  1.          ______________________________________________________________________
  2.        ______________________________________________________________________
  3.      ______________________________________________________________________
  4.      ______________________________________________________________________
  5.        ______________________________________________________________________
  1. Use the fundamental accounting equation to complete the table below:

SECTION C (45 Marks)

Answer all questions in this section.

  1. Gladness Suppliersmade the following credit sales during the month of March 2022.

March11: Sold to Diana Shop:

4 cartons of mango juice TZS 5,000/= each

6 cartons of apple juice TZS 4,000/= each

 5 cartons of guava juice TZS 6,000/= each

March 22: Sold to Anneth traders:

10 pairs of socks TZS 3,000/= each

 5 pairs of sandals TZS 10,000/= each

March 27: Sold to Felix Shop:

6 bags of wheat flour TZS 10,000/= each.

4 buckets of cooking oil TZS 20,000/= each

Required:

Record above transactions into a Sales day book and post to the respective ledgers.

  1.                Rachel traders made the following transactions during the month of April 2022:

2022

1st April:          Returns from Merry stores:

                        6 bags of salt @ 5,000, under weight

                        20 bags of sugar @ 7,500, expiry

    10th April:       Credit note from Nelson Suppliers:

                        5 boxes of cooking fats @ 17,000, Not suitable for consumption

                        10 pairs of sandals @ 65,000; wrong size

     16th April:       Sales returns from Dyness shop:

                        20 pairs of bed sheets @ 30,000, wrong colour

  1. T-Shirts @ 5,000; not up to sample ordered

Enter above transactions in the Sales returns day book.


  1. Princess, a wholesaler, made the following credit purchases during the month of April 2022:

April 1. Bought goods on credit from David Store:

 10 Dozen of vitenge at TZS 8,000 a dozen

 25 Dozen of khanga at TZS 10,000 dozen

April 5. Credit purchases from Joshua Suppliers:

 12 Pairs of shoes at TZS 2,000 a pair.

 20 Pairs of boots at TZS 3,000 a pair

April 12. Credit purchases from Dainess Shop:

 70 Dozens of exercise books at TZS 3,000 a dozen

 10 Reams of papers at TZS 15,000 each.

April 22: Credit purchases from Star Book store:

 20 Advanced leaner’s dictionaries at TZS 2,500 each.

 80 Fiction books at TZS 500 each.

Record above transactions in the Purchases journal for the month of April 2022.

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