THE UNITED REPUBLIC OF TANZANIA, PRIME MINISTR'S OFFICE-RALG
FORM FOUR SEPTEMBER MID–TERM EXAMINATIONS
062 BOOK-KEEPING
TIME: 3:00 HOURS — SEPTEMBER, 2026
INSTRUCTIONS
- This paper consists of sections A, B and C with a total of nine (9) questions.
- Answer all questions in all sections.
- Non-programmable calculators may be used.
- Cellular phones and any unauthorized materials are not allowed in the examination room.
- Write your Examination Number on every page of your answer booklet(s).
SECTION A (15 MARKS)
Answer all question in this section
1. For each of the item choose the correct answer from the given alternatives and write its letter in the space provided.
(i) ABC Company had closing debtors of Sh 65,220 sales Sh 50,000 and receipts from debtors of Sh 44,000, What is the company opening balance?
(ii) How much will be the amount of opening balance if credit sales were TZS 740,000, receipt from debtors TZS 1,000,000, interest on overdue TZS 100,000, bad debts TZS 40,000, discount allowed TZS 100,000 and closing balance TZS 200,000?
(iii) The business entity paid salaries of Tsh 1,000,000. Then payment was recorded in the books as follows: Debit cash Tsh 1,000,000 and credit Salaries Tsh 1,000,000. Which type of error involved in this transaction?
(iv) What is the accounting entries for the expenses incurred by the Consignee?
(v) The maximum amount of expenditure approved by the parliament for various services to be used by ministries during a given financial year
(vi) Manji trades decided to write off some of debtors from his books of account. Which reasons will be considered by Maji during the process of writing off?
(vii) Peter bought 200 bed sheets from Moshi traders for Tsh 7,500 each, Moshi traders offered trade discount and cash discount of 10% and 5% respectively, What is the amount to be paid Peter?
(viii) Which item would not be considered in the process of preparing receipts and payments account for the religious organizations?
(ix) Which of the following set form the prime cost when preparing manufacturing account?
(x) As a competent student in book keeping, identify the set for journals.
2. Match the descriptions of the types of audits in column A with their corresponding names in column B by writing the letter of the correct response beside the item number in the answer booklet(s) provided.
| COLUMN A | COLUMN B |
|---|---|
| A. Cash float B. Petty cash book C. Cash overage D. Imprest system E. Cash shortage F. Petty cash expenditure |
SECTION C (45 MARKS)
Answer all questions in this section
3. Briefly explain five accounting guidelines or assumptions used in the preparation of books of account.
4. Draw up a bank reconciliation statement, after writing the cash book up to date, ascertaining the balance on the bank statement from the following as of 31st March 2019:
- Cash at the bank as per the bank column of the cashbook (Dr) TZS 27,400
- Banking made but not yet entered in the bank statement TZS 4,100
- Bank charges on bank statement but not yet in cash book TZS 320
- Unpresented cheque: (Mr. Simba TZS 1,310)
- Standing order to Mr Kiboko entered on the bank statement but not in cash book TZS 980
- Credit transfer from Machinga group entered on bank statement, but not yet in cashbook TZS 2,010
5. Draw up a profit and loss appropriation statement and the partner's current account for the year ending 31st December 2005 from the following information:
(a) Net profit TZS 184,800
(b) Interest to be charged on capitals:
(c) Interest to be charged on drawings:
(d) Salary to be credited:
(e) Profit to be shared:
(f) Current accounts:
(g) Drawings:
6. The trial balance of Masaki and son ltd as at December 2020 failed to balance, the payment side exceeds the receipts side by Tsh 400,000. This amount was placed to a suspense account. After careful investigation the following were discovered:
(i) The payment made to Jason Sh 200,000 was entered to Jaso account as Sh 20,000.
(ii) Commission income account Sh 48,600 was posted to the debit side of commission expenses account as 64,800 in error.
(iii) An amount received from Mathew Sh 290,000 was posted to Mateo as 308,000.
(iv) Payment made to Anna Sh 536,000 was posted to Annie personal account in error as Sh 521,600 although it was correctly posted in the cash book.
(v) The amount paid to Johnson Sh 301,000 was posted to the cash book only.
Required: Show the journal entries to correct the above errors and Suspense account. Narration are not required.
SECTION C (45 MARKS)
7. 1000 boxes of Azam embe consigned by Amani of Mwanza to Jane of Nairobi at an invoice cost of Tsh 150 each, Amani paid freight Tsh 10,000 and Insurance Tsh 1,500. During the voyage 100 boxes were totally damaged by fire and had to be thrown overboard, Jane took delivery of the remaining boxes and paid Tsh 14,400 as custom duty, Jane sent the account sales showing that 800 boxes had been sold at Sh 220 each, expenses incurred by Jane are selling expenses and advertisement was Tsh 200 and 1,800 respectively. Jane was entitled to a commission 5% on sales.
Required: Show the following account:
8. The following is the receipts and payment accounts of a charitable hospital for the year ending 31st March 2018.
| RECEIPTS (TZS) | PAYMENTS (TZS) |
|---|---|
| Balance b/f: Cash in hand 5,000 Cash at bank 30,000 Subscriptions 250,000 Donations 72,500 Interest for a full year on investment @7% per annum 35,000 Charity show receipts 5,000 | Medicines 150,000 Honorarium to doctors 50,000 Salaries 137,500 Sundry expenses 2,500 Equipment purchased 75,000 Charity show expenses 50,000 Balance c/f: Cash in hand 2,500 Cash at bank 20,000 |
Additional information
| 31/03/2017 | 31/03/2018 | |
|---|---|---|
| Subscription outstanding | 2,500 | 5,000 |
| Subscription received in advance | 5,000 | 2,500 |
| Stock of medicines | 50,000 | 75,000 |
| Amount due to suppliers of medicines | 40,000 | 60,000 |
| Value of equipment | 105,000 | 150,000 |
| Value of buildings | 200,000 | 190,000 |
Required: Prepare income and expenditure statement for the year ended 31st March 2018 and the statement of financial positions as of that date.
9. Dotto has kept records of his business transactions in a single-entry form but he did not realize that he had to record cash drawings. His bank account for the year 2018 was as follows:
| Details | Amount | Details | Amount |
|---|---|---|---|
| Balance b/d | 920,000 | Cash withdrawn | 12,600,000 |
| Receipts from debtors | 94,200,000 | Trade creditors | 63,400,000 |
| Loan from bank | 2,500,000 | Rent | 3,200,000 |
| Insurance | 1,900,000 | ||
| Drawings | 11,400,000 | ||
| Sundry expenses | 820,000 | ||
| Balance c/d | 4,300,000 |
97,620,000 97,620,000
Balance b/d 4,300,000
Records of cash paid were:
- Sundry expenses TZS 180,000
- Trade creditors TZS 1,310,000
- Cash sales amounted to TZS 1,540,000
The following information is also available:
| 31/12/2017 (TZS) | 31/12/2018 (TZS) | |
|---|---|---|
| Cash in hand | 194,000 | 272,000 |
| Trade creditors | 7,300,000 | 8,100,000 |
| Debtors | 9,200,000 | 11,400,000 |
| Rent owing | - | 360,000 |
| Insurance paid in advance | 340,000 | 400,000 |
| Motorvan (at valuation) | 5,500,000 | 4,600,000 |
| Stock | 24,200,000 | 27,100,000 |
10. Your required to prepare an income statement for the year ended 31st December 2018 and a statement of financial position as of that date.
Note: Show all your workings.
FORM FOUR BKEEPING EXAM SERIES 261
FORM FOUR BKEEPING EXAM SERIES 261
PRESIDENT’S OFFICE, REGIONAL ADMINISTRATION
AND LOCAL GOVERNMENT
SECONDARY EXAMINATION SERIES
COMPETENCY BASED SERIES
BOOK-KEEPING FORM FOUR
MID-TERM EXAMS – AUGUST – 2023
Instructions
1. This paper consists of three sections A, B and C with a total of nine (9) questions.
2. Answer all questions in the sections A and B and two (02) questions from section C.
3. Section A carries 15 marks, section B carries 45 marks and section C carries 40 marks.
4. Cellular phones and any unauthorized materials are not allowed in the examination room.
5. Non programmable calculators may be used.
6. Write your Examination number on every page of your answer booklet(s).
SECTION A (15 Marks)
1. For each of the items (i) - (x) choose the correct answer from among the given alternative and write its letter beside the item number in the answer booklet provided
i. Tshs 500 cash taken from the cash till and banked is entered
A. Debit cash column Tshs. 500 : Credit bank column Tshs. 500
B. Debit bank column Tshs. 500 :Credit cash column Tshs. 500
C. Debit bank column Tshs. 500 : Credit bank column Tshs. 500
D. Debit cash column Tshs. 500: Credit cash column Tshs. 500
E. Debit bank column Tshs. 500
ii. The capital in the business at start of the year was Tshs. 120,000. At the end of the year was Tshs. 142,000. Drawing was Tshs. 1,000 per month. What was the net profit for the year?
A. Tshs. 21,000
B. TShs. 35,000
C. TShs. 22,000
D. TShs. 34,000
E. TShs. 23,000
iii. If a non-trading organization operates a bar for profit purpose which of the following would determine if that activity made a profit or loss
A. Receipts and payments account
B. Subscription account
C. Income statement
D. receipts and expenditure statement
E. Statement of financial position
iv. A business has the cost of goods sold worth TShs. 150,000 and the mark-up of 40%. Calculate the amount of sales for the business
A. TShs. 210,000
B. TShs. 90,000
C. TShs. 102,000
D. Tshs. 150,000
E. TShs 60,000
v. When comparing the performance of individual departments, which of the following statement should be compiled?
A. Department account
B. Statement of financial position
C. Departmental current account
D. Departmental income statement
E. departmental income and expenditure
vi. Kulwa and Dotto share profits and losses in the ratio 3:2. Their partnership recorded net profit of Tshs 1,400, interest on capital Tshs 420, partner’s salaries Tshs 100 and drawings TShs 280. Determine Dotto's share of the profit
A. 840
B. 650
C. 506
D. 464
E. 560
vii. When customer return goods previous sold to him, the shopkeeper will use a document called
A. Credit note
B. Order note
C. Invoice
D. Debit note
E. Purchases order
viii. The following are the source of documents
A. Cheque, invoice, cheque paid
B. Invoice, cash receipts, debit note
C. Sales, credit note, cheque
D. Credit note, debit note, cash
E. purchases, cash, cheque paid
ix. Which of the following is not correct about the petty cashbook?
A. It reduce the number of entries in the norminal ledger
B. The cash spent every month is fixed
C. Cash spent is reimbursed every end of period
D. Petty cashier receives cash from chief cashier
E. Cash spent is reimbursed at the end of the year
x. In government accounting a term family is referred to
A. Mother, wife and children
B. All relatives
C. Wife and children
D. Father, wife and children
E. Mother, father, wife and children
2. Match the explanation of adjustments entries in column A with the corresponding names in column B by writing the letter of the correct response beside the item number in your answer booklet
|
| COLUMN A | COLUMN B |
|
| (i) The expenses that the business has incurred but not yet paid for at the end of accounting period (ii) The amount of revenue that business expects to receive but has not yet been received at the end of accounting period (iii)The expenses which has been paid in advance, the benefits from which will be received in the next period (iv)The amount of revenue which has already been received in the current accounting but related to the following financial year (v)The commulative sum of all depreciation expenses recorded for an asset | A. Prepaid income B. Accumulated depreciation C. Revenue expenditure D. Accrued expenses E. Prepaid expenses F. Accrued income G. depreciation H. Accrual basis |
SECTION B (45 Marks)
3. MASSOUD who owned a retailer business, is not aware of accounting concepts and principles, explain to him the following concepts so that he can understand and apply in his business
i. Money measurement concept
ii. Business entity concept
iii. Historical cost concept
iv. Dual aspect concept
v. Going concern concept
4. Magwe company Traders failed to prepare correct trial balance as seen below You as a student who is expected to sit for National Examination this year 2023.Assist Magwe Co. Traders to prepare correct trial balance basing to accounting principles and concepts
| S/N | PARTICULARS | FOLIO | DEBIT | CREDIT |
| 1 | Wages |
| 2,500 |
|
| .2 | Stock |
|
| 3,500 |
| 3 | Creditors |
| 10,000 |
|
| 4 | Capital |
| 26,000 |
|
| 5 | Water bills |
| 15,000 |
|
| 6 | Discount allowed |
|
| 4,000 |
| 7 | Interest received |
|
| 6,000 |
| 8 | General expenses |
|
| 1,000 |
| 9 | Discount received |
| 7,200 |
|
| 10 | Insurance |
| 8,000 |
|
| 11 | Machine |
|
| 9,500 |
| 12 | Land |
| 7,800 |
|
| 13 | Debtors |
| 2,300 |
|
| 14 | Maintenance of machines |
|
| 6,500 |
| 15 | Advertising |
|
| 1,800 |
| 16 | Sales |
| 5,000 |
|
| 17 | Purchases |
| 7,000 |
|
| 18 | Loan from Said |
|
| 36,600 |
| 19 | Cash at Bank |
|
| 21,900 |
|
|
|
| 90,800 | 90,800 |
5. The following transactions were obtained from the books Bonge Motor cycle spare parts for the month of September 2016
2nd Sold the following to Zuberi on credit
20 tyres @ TShs 30,000 and 6 boxes of oil @ TShs 10,000, less 20% discount
8th Sold on credit to Mussa
16 boxes of bulbs @ TShs 10,000 and 10 side mirrors @ TShs 12,000 less 15% discount
19th Credit to A. Mpili TShs 24,000
25th Sold on credit to Mazengo
7 used motorcycles @ TShs 100,000 and 14 boxes of rubber @ TShs 15,000 less 25% discount
28th sold on credit spare parts to Josky TShs 30,000
Required
Enter the above transactions in the sales Journal
6. You are well experienced and good book keeper , identify five (5) challenges facing the government accounting system in Tanzania
SECTION C (40 Marks)
7. From the following transaction prepare the suspense Account and pass the Journal entries to rectify the following errors. Assuming that at the end of the trading period it was discovered that there was a difference of TShs 35,670 which was debited to the suspense account
a) TShs 17,500 paid in cash for new electronic typewriter had been charged to office expenses account
b) Drawing amounting worth TShs 12,500 by cheque were completely omitted from the books
c) A purchases of goods from M. Batanga for TShs 25,000 were credited to the account of M. Batanga
d) Sales of goods worth TShs 9,600 made to Meshack Co. Ltd account was correctly entered in the sales day book, but was posted to Meshack Co. Ltd account as TShs 10,600 while total sales of the month were over casted by
TShs 1,000
e) Goods purchased from Calorine Maguu & Sons for TShs 15,050 recorded in the purchases day book from the invoice as TShs 15,500 and posted to the purchases account and Calorine Maguu & Sons in the ledger accordingly
f) A cash purchases of tools TShs 12,300 from Goodone hardware a supplier were entered in the cash book only
g) A page in the purchases book was overacted by TShs 12,000
h) the sales account was under casted by TShs 4,000
i) The petty cash book balance of TShs 7,100 were omitted from the trial balance
j) N.Cheupe was credited with TShs 7,740 instead of TShs 7,470
k) A sale of TShs 14,000 was incorrectly credited to K. Haonga a debtor
l) A payment of TShs 9,200 made for carriage on purchases was posted to carriage inwards account
m) A cash discount of TShs 2,000 allowed to a debtor was correctly posted to his Account but was credited to discount received account.
8. From the following particular extracted from the book of trader. Prepare total accounts receivable and total accounts payable for the year ended 30th November
2022 Tzs
Balance on 1st January 2022
| Sales-cash............................................................... | 344,890 | |
| - Credit........................................................... | 268,187 | |
| Purchases- cash..................................................... | 14,440 | |
| - Credit................................................. | 496,600 | |
| Total receipt from customers ................................. | 600,570 | |
| Total payment to suppliers ...................................... | 503,970 |
|
| Discount Allowed (all to credit customers)................ | 5,520 |
|
| Discount received (all from credit suppliers)............ | 3,510 |
|
| Refund given to cash customers ............................ | 5,070 |
|
Balance in the sales ledger set off against balance in the purchases ledger ....70
Bad Debts written off................................................. 780
Increase in the allowance for doubtful debts........... 90
Credit note issued to credit customers..................... 4,140
Credit note received from credit suppliers .............. 1,480
According to the Audited Financial Statement for the previous year accounts receivable and accounts payable as at 1st December 2021 were TShs 26,555 and 43,450 respectively.
9. Naweza Company Limited own a manufacturing industry which had the following record for the year ended at 31st December 2021
Inventory (stock) at 1st January 2021 Tzs
| Direct materials ....................................................... | 10,000 |
| Work in progress .................................................... | 38,000 |
| Finished goods ..................................................... | 40,000 |
| Purchases ( Direct materials) ................................. | 140,000 |
| Carriage inwards ..................................................... | 24,000 |
| Direct wages ............................................................ | 222,000 |
| Direct expenses ( patent royalities ) ......................... | 46,000 |
| Indirect matereials ................................................... | 45,000 |
| Indirect labour .......................................................... | 72,000 |
| Rent : Factory ........................................................... | 100,000 |
| : Office ............................................................. | 90,000 |
| Heating, lighting and power :Factory ........................ | 45,000 |
| Office ............................ | 35,000 |
| Sales .......................................................................... | 1,300,000 |
| Administration salaries and wages ............................. | 175,000 |
Additional Information
a) Inventory (stock) at 31st December 2021 was as follows
Direct materials TShs 18,000
Work in progress TShs 20,000
Finished goods TShs 60,000
b) Depreciation is to be provided on noncurrent assets as follows;
Factory building TShs 20,000
Factory machinery TShs 36,000 Office equipment TShs 24,000
c) Factory profit is to be calculated at 15% on the cost of production
You are required to prepare;
i. Statement of manufacturing cost for the year ended 31st December 2021
ii. Income statement for the year ended 31st December 2021
FORM FOUR BKEEPING EXAM SERIES 168
FORM FOUR BKEEPING EXAM SERIES 168
THE PRESIDENT’S OFFICE MINISTRY OF EDUCATION, REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT
COMPETENCY BASED SECONDARY EXAMINATION SERIES
BOOK KEEPING
FORM FOUR- SEPT 2022
INSTRUCTIONS
- This paper consist of three section A, B and C
- Answer all questions in section A and B and only two (2) questions in section C
- The use of Scientific Non programmable calculators is allowed in the examination room
- Write your Examination Number in every page of your answer sheet (s)
SECTION A (20 MARKS)
Answer all questions in this section
- For each of the items (i) – (xv), choose the correct answer from the given alternatives and write its letter beside the item number in the answer sheet provided.
- The cash payment of TZS 4,000 to Biriani will appear as
- Debit Cash account, Credit Biriani account
- Debit Biriani account, Credit Bank account
- Credit Cash account, Debit Bank account
- Debit Biriani account, Credit Purchases account
- A balance of an account can defined as the
- Balance carried down
- Difference between two sides of an account
- Total amount of debit and credit sides
- Balance brought down
- Balancing figure of an account
- “True and Fair view” state of affairs is a conclusive word in audit report. According to the auditor, it means;
- Financial statements are true and accurate
- Financial statements are fairly prepared
- Financial statements are prepared following the double entry system
- Financial statements belong to a True and Fair view of a firm.
- Financial statements are accurately prepared
- In a partnership which of the following statements is correct?
- Current account is used where fluctuating capital account is adopted
- Fixed capital account is used where appropriation account is not opened
- Fixed capital account is prepared where there is no partnership agreement
- Current account is prepared where there is no partnership agreement
- When fixed capital account is maintained current account should be opened.
- Which of the following will happen if TZS 6,000 will be added to Machinery repair instead of being added to Non-current asset?
- Gross profit will not be affected
- Gross profit would be affected
- Gross profit and net profit would be affected
- Net profit would be affected
- Net profit would not be affected
- What is meant by the term revenue expenditure?
- The extra capital paid by the proprietor
- Money spent on non-current asset
- The cost of running the business on day to day basis.
- Money of painting a non-current asset
- Cost of buying a machinery
- The following are source domestics;
- Sales, credit note, cheque
- Cheque, invoices, cash
- Invoice, receipt, debit note
- Credit note, debit note, cash
- Bank, invoices, credit note
- A firm bought machinery for TZS 50,000 which had a scrap value of TZS 5,000, and useful life of 5 years. What would be the depreciation expenses if straight line method is used?
- TZS 9,000
- TZS 11,000
- TZS 10,000
- TZS 5,000
- TZS 11,500
- Cash float of 2,560/= is desired if 2,000/= is spent if the period now much will be reimbursed at the end of the period?
- 560
- 4000
- 2000
- 2560
- 4560
- Which among the following adjustment is treated as current assets in the preparation of statement of financial position?
- Prepaid income
- Accrued expense
- Accrued revenue
- Outstanding expenses
- Unearned revenue.
- Which of the following depreciation methods uses the reduced value to compute the depreciation of non-current assets?
- Straight line method
- Sum of the years digits method
- Unit of output method
- Diminishing balance method
- Revaluation method
- Which of the following are the examples of revenue expenditure?
- Purchases of furniture and payment for electricity bill
- Repair of van and petrol costs for van
- Buying machinery and paying for installation costs
- Electricity coasts of using machinery and buying van
- Buying a van and petrol costs
- If the cost of goods sold is TZS 16,000 and the profit margin is 20%, determine the amount of sales.
- TZS 3,200
- TZS 20,000
- TZS 16,800
- TZS 24,000
- TZS 12,800
- Which of the following best describe a trial balance?
- Shows the financial position of a business
- It is a special account
- Shows all the entries in the same place
- It is a list of balances on the same place
- It is used to calculate profit
- The main purpose of manufacturing statement is to deduce
- The cost of production
- Cost of raw materials available for use
- Prime cost
- Factory profit
- The cost of sales
- Match the answer in LIST B with the response in LIST A and write the letter of the most correct response.
| LIST A | LIST B |
|
|
SECTION B (40 MARKS)
Answer all questions in this section
- (a)With example explain six (6) errors which do not revealed by trial balance,
(b) Give out four (4) differences between consignment and joint venture
- (a)Outline the reasons causing the differences between bank balance on cashbook and bank statement (five reasons)
(b)Mention any five (05) users of financial statements
- (a)The following table shows information relates to the Soccer City club subscriptions for the year 2015. You are required to prepare subscription account for the year ended 31st December 2015
| Item | 1st January 2015 | 31st December 2015 |
| Subscription in arrears | Tshs 4,000 | Tshs 2,100 |
| Subscription in advance | Tshs 1,200 | Tshs 8,900 |
Subscriptions – Received during the year 2015 were Tshs. 48,920/=
(b)You are provided the following information from the books of Kisinda on 30th JUNE 2018. Complete the following table.
|
| ASSETS | CAPITAL | LIABILITIES |
| | 157000 | 86500 | ……….. |
| | ………. | 247000 | 885000 |
| | 273100 | ………. | 63500 |
| | ………… | 381500 | 13430 |
| | 205000 | 176200 | ……… |
- Mtumbadi of Morogoro consigned 2000 cases of Tomatoes to Munyabi of Kibaha at a price of 800/= @case. Mtumbadi incurred the following expenses, packing 4,000/=, freight 30,000/=, export duty 8,000/= and insurance, 7,000/=. Munyabi paid import duty 27,000/=, advertising 9,000/= and carriage on sales 7,000/=. Munyabi has to receive 20% commission plus 10% delcredere commission on sales. Munyabi made the following sales.
- 800 cases sold at a price of 600@
- 400 cases sold at a price of 1,500@
- 400 cases sold at a price of 900 @
The units unsolved were kept by the consignee; the balance was remitted by bank draft
Required: Prepare
- Consignment outward A/C
- Consignment to Munyabi A/C
SECTION C: (40 MARKS)
Answer only Two questions in this section
- Given the following Trial balance of Madulu ltd as on 31st August 2015
| Item | DR TSH | CR TSH |
| Drawing and capital Motor van Purchases and sales Inventory at start Returns Carriage inwards Carriage outwards Wages and salaries Commission discounts Provision for bad debts Premises Bad debts Insurance Rent received Provision for depreciation motor van Debtors and creditors Bank Petty cash | 4,000 30,000 60,000 5,000 6,000 2,000 1,000 8,000
5,000
40,000 800 4,000
10,000
1,200 | 51,900
80,000
3,000
7,000 9,000 600
2,500 2,000
9,000 12,000 |
|
| 177,000 | 177,000 |
Additional information
- Inventory at close Tsh 6,000/=
- Accruals were wages shs 1,500/= and commission Tsh 1,200/=
- Prepayment insurance shs 700/= and Rent receivable Tsh 900/=
- Goods taken by the owner for own use Tsh 400/=
- Provision for bad debts in 5% on debtor
- Depreciate motor van and premises by 10% p.a on cost
Required: From the above transactions found in the books of Maduhu ltd. Prepare
Income statement for the year ended 31st August 1995 and the statement of financial position as to date
- Chama and Bwalya own a retail business in Mwanza. Their retail showroom has three Departments namely X, Y and Z. The following balances were extracted from their books as at the end of their financial year, 31st December, 2020.
| Item | Tshs | Item | Tshs |
| Opening Stock: Department -X -Y -Z Purchases: Department -X -Y -Z
Sales: Department -X -Y -Z
Closing Stock: Departments -X -Y -Z |
75,780 48,000 40,000
281,400 161,200 88,800
360,000 270,000 180,000
90,160 34,960 43,180 | Salaries and wages Advertising Rent Discount allowed Discount Received Sundry expenses Depreciation on Furniture and fittings | 96,000 4,500 21,600 27,000 1,600 24,300
1,500 |
Additional information
- Goods having a transfer price of shs 21,400/= and shs 1,200/= were transferred from Departments X and Y respectively to Department Z
- The various items shall be apportioned among three Departments in the following proportion
| S/N | Item | Depart X | Depart Y | Depart Z |
| | Rent | 2 | 2 | 5 |
| | Salaries and wages | 1 | 1 | 1 |
| | Discount received | 8 | 5 | 3 |
| | Depreciation | 1 | 1 | 1 |
| | All other expenses | On the basis of sales | ||
Required
- Departmental income statement for the year ended 31st December 2020
- Determine the business’ operational result
- Comment on the performance of departmental
- The Trial balance of Awilo a sole trader, taken out on 30th September 2002, Fail to agree. To detect errors, he decided to prepare sales and purchases control accounts from the following information
Tshs
Sales ledge debit balances 1.10.2001. 227,200
Sales ledger credit balances 1.10.2001 420
Purchases ledger debit balances 1.10.2001 1,270
Balances for the year to 30th September 2002
Credit sales 402,120
Cash sale 153,700
Cash purchases 85,600
Credit purchases 160,560
Sales returns 2,120
Purchases returns 4,500
Cash payment to creditors 222,700
Bad debts written off 4,700
Cash received from debtors 411,000
Dishonoured cheque in favour of customers 9,000
Provision for bad debts 4,790
Carriage charged to customers 3,600
Discount allowed 20,110
Legal fees charged to customers 450
Debit balances in sales ledger transferred to purchases ledger 2,000
The lists of balances extracted from the personal ledger were as follows;
Tshs
Debtors: Debit balance 206,160
Credit balances 540
Creditor: Credit balances 83,115
Debit balances 825
Required;
- Prepare control accounts
- State the amount of errors occurred in each account.
FORM FOUR BKEEPING EXAM SERIES 122
FORM FOUR BKEEPING EXAM SERIES 122
THE UNITED REPUBLIC OF TANZANIA
PRESIDENT’S OFFICE
REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT
FORM FOUR MID TERM EXAMINATION-2021
033/1 BOOK-KEEPING
Time: 3 Hours AUG, 2021
Instructions
- This paper consists of three sections A, B and C with a total of 9 questions.
- Answer all questions in section A and B and only two (2) questions from section C.
- Section A carries twenty (20) marks, section B forty (40) marks and section C forty (40) marks.
- Non programmable calculators may be used.
- Cellular phones, and other authorized materials are not allowed in the examination room.
- Write your examination number on every page of your Answer booklet(s).
SECTION A (20 MARKS)
Answer all questions in this section
- for each of the items (i)-(xv), choose the correct answer from among the given
Alternatives and write its letter beside the item number in the answer sheet provided
- If sales is 20,000 and profit make up is 25%, determine the amount of cost price
A: 13,600 B: 12,000 C: 16,000 D: 12,900 E: 20,600
- Which book of prime entry records the sale or purchase of non-current Assets?
A: General journal B: Sales journal C: Purchases journal D: Cash book E: Sales return day book
- If cash sale amount to Tshs 100,000/= paid direct into the bank account, the correct double entry will be to
A: Debit sales account and credit cash account by sh.100, 000
B: Debit cash account and credit bank account by sh.100, 000
C: Debit bank account and credit sales account by sh.100, 000
D: Debit bank account and credit cash account by sh.100, 000
E: Debit sales account and credit bank account by sh.100, 000
- How much is to be reimbursed if a petty cashier has spent Tsh.189,00/=while his cash float is Tsh.200,000/=
A: Tsh,11,000/= B:Tsh 389,000/= C: Tsh,189,000/= D:Tsh,200,000/= E:Tsh,21,000/=
- Working capital is a term meaning.
- The excess of current liabilities over current liabilities
- The excess of the current assets over the current liabilities
- the excess of the current assets over non-current liabilities
- The excess of current assets over non-current assets.
- The excess of non-current Assets over current liabilities
- Natasha and Ndengwe share profits and losses in the ratio 3:2. Their partnership recorded net profits of shs. 1,400, interest on capital shs. 420, partners’ salaries shs. 100 and drawings shs. 280, Determine Ndengwe’s share of the profits.
- TZS 840 B. TZS 560 C. TZS 464 D. TZS 696 E. TZS 506
- From the following categories of errors, identify the category of errors which affect only one account
A. Casting errors. B. Errors of principle. C. Errors of omission. D. Errors of original entry. E. Errors of commission.
- In the business of C. Sangster, who owns a clothing store, which of the following is the capital expenditure?
- Fixtures and New Van bought B. Shop fixtures bought and wages of assistants C. Wages of assistants and new van bought D. Wages of assistants and Petrol for Van E. Fixtures and salaries.
- Manufacturing account is used to calculate:
- Production cost paid in the year B. Total cost of goods produced C. Production cost of goods completed D. Gross profit on goods sold E. Prime cost of goods manufactured
- Depreciation can be described as the : _______
- Amount spent to buy a non –current asset
- Salvage value of a non-current asset consumed during its period
- Cost of the non-current asset consumed during its period
- Amount of money spent replacing non-current asset
- Cost of old asset plus new assets purchased
- A bank reconciliation statement is a statement:
- Sent by bank when the account are overdrawn
- Drawn to verify cash book balance with the bank statement balance
- Drawn up by the bank to verify the cash book
- Sent by the bank to the customers when errors are made
- Sent by the bank customers to the friends.
- If two totals of trial balance do not agree, the difference must be entered in:
A real account B. The trading accounts C. A nominal account D. The capital account E. A suspense account
- The accounting equation is expressed in the financial statement called:
A. statement of financial position B. income statement C. expenditure statement D. reconciliation statement E. statement of change in equity
- If we take goods for own use, we should
- Debit drawings Account: Credit Purchase Account
- Debit Purchases Account: Credit Drawings Account
- Debit Drawings Account: Credit Inventory Account
- Debit Sales Account: Credit Inventory account
- debit inventory Account: Credit Drawing Account
- if a partnership maintains a fixed capital account, then the partner’s share
of profits is:
- Credited to the partner’s drawings account B. debited to the partner’s capital account C. credited to the partner’s capital account D. credited to the partner’s current account E. debited to the partner’s current account
- For each of the items (i)-( v) match the narrations of bank reconciliation Items in column A with their corresponding names in column B by writing the letter of the correct response beside the item number in the answer sheet provided
| COLUMN A | COLUMN B |
|
|
SECTION B (40 MARKS)
Answer all questions in this section.
- In 1991 Mr. Chipepeto bought a motor car for the cost value of sh.8, 000,000/= with the aim of assisting him in business. But three years later he decided to dispose it for a book value of sh.6,700,000/=
- What is the term used to mean the difference between cost value and book value.
- Outline four reasons that could be the causes for him to dispose the car for less than the cost value.
- The DSM Rotary club, has provided you with the following information:-
| As at 31st December | 2000 | 2001 |
| Subscription in arrears | 6400 | 8800 |
| Subscription in advance | 1200 | 3400 |
| Subscription during the year | - | 20,200 |
| Insurance expenses owing (in arrears) | 3700 | 2700 |
| Insurance expenses prepaid (in advance) | 4400 | 5200 |
| Insurance paid during the year | - | 16,800 |
Required: Prepare A Subscription account and Insurance account, clearly showing amounts to be transferred to income and expenditure accounts for year 2001.
- Define the following terms
- Discount received
- Invoice
- Discount allowed
- Carriage inwards
- Carriage outwards
- (a) Mr Kyamba wants to start a business, but before commencement he needs to learn book keeping. Outline five objectives for him to study book keeping.
(b) Briefly explain three types of a cash book.
SECTION C (40 MARKS)
Answer two questions only from this section.
- Panguso& company limited own a manufacturing industry which had the following records for the year ended at 31st December 2007.
Inventory at 1st January 2007: raw materials sh.760, 000
Finished goods sh 360,000
Purchases of raw material sh.420, 000
Sales of finished goods sh.2, 490,000
Factory Fuel & power sh.320, 000
Royalty sh.500, 000
Depreciation of works machine sh.88, 000
Market value sh.1, 800,670
General office expense sh.10, 740
Manufacturing wages sh.170, 000
Inventory at 31 stDec 2007: raw material sh.900, 000
Finished goods sh.580, 000
Works in progress sh.734, 000
You are required to prepare
- Statement of manufacturing costs for the year ended at 31 stDec 2007
- Income statement for the year ended at 31.12.2007
- XY Ltd provides for depreciation of its machinery at 20% per annum on cost; it charges for a full year in the year of purchase but no provision is made in year of sale/disposal.
Financial statements are prepared annually to 31th December.
2015
January 1 Bought machine ‘A’ 10,000
July 1 Bought machine ‘B’ 6,000
2016
March 31 Bought machine ‘B’ 8,000
2017
October 7 Sold machine ‘A’ – proceeds 5,500
November 5 Bought machine ‘D’ 12,000
2018
February 4 Sold machine ‘B’ – proceeds 3,000
February 6 Bought machine ‘B’ 9,000
October 11 Exchanged machine ‘D’
for machine valued at 7,000
Prepare;
- The machinery accountfor the period 1st January 2015 to 31st December 2018
- The accumulated provision for depreciation on machinery account, for the period 1st January 2015 to 31st December 2018.
- The financial of the GGM trading company ended on 30th November 2014. You have been asked to prepare a total amount receivable and total amount payable for the draft final amounts. You are able to obtain the following information for the financial year the book of original entry.
Sales – Cash 344,890
– Credit 268,187
Purchase – Cash 14,440
– Credit 496,600
Total receipts from customers 600,570
Total payment to suppliers 503,970
Discount allowed to credit customer 5,520
Discount received from credit suppliers 3,510
Refund given to cash customers 5,070
Balance in sales ledger setoff against balance in the purchase ledger 700
Bad debt written off 780
Increase in the allowance for doubtful debts 900
Credit note issued to credit customers 4,140
Credit note received from credit suppliers 1,480
According to the audited financial statement for the previous year account receivable and account payable as to 1st December 2013 were 26,550 and 43,450 respectively
Required;
Draw up the relevant total accounts entering end of year total for account receivable and account payable.
FORM FOUR BKEEPING EXAM SERIES 67
FORM FOUR BKEEPING EXAM SERIES 67
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MATOKEO YA KIDATO CHA VI 2026
SECONDARY REGIONAL EXAMS
PRIMARY REGIONAL EXAMS
FORM VI NECTA REVIEWS
FORM IV NECTA REVIEWS
FORM II NECTA REVIEWS
STD VII NECTA REVIEWS
STD IV NECTA REVIEWS
SECONDARY EXAMS SERIES
PRIMARY EXAMS SERIES
PRIMARY SUBJECT NOTES
SECONDARY SUBJECT NOTES
SECONDARY TOPICAL EXAMS
SECONDARY TOPICAL QUESTIONS
PRIMARY TOPICAL QUESTIONS
PRACTICAL EXAMS & NOTES
SECONDARY REGIONAL EXAMS
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SCHEMES OF WORK (PRIMARY & SECONDARY)
LESSON PLAN
SECONDARY LOG BOOKS
PRIMARY LOG BOOKS
LITERARY WORKS / UCHAMBUZI VITABU
METHALI ZOTE ZA KISWAHILI
Vitendawili Vya Kiswahili
FORM VI RESULTS 2024
FORM FIVE SELECTION 2024
Matokeo KIDATO CHA II 2024
Matokeo Darasa IV 2024
MATOKEO KIDATO CHA IV 2023
FORM ONE SELECTION 2024
FORM VI RESULTS 2023
Matokeo Darasa IV 2022
