LEARNING HUB TANZANIA
BOOK-KEEPING - TERMINAL EXAMINATION
FORM ONE
TIME: 2.00HRS
NAME:_______________________________________ CLASS:___________
INSTRUCTION
- Answer all questions
i) Information related to the exchange of money or money’s worth between two or more parties sale or buying of a trade item.
ii) Information related to the finances of the company
iii) Which of the following distinguishes the business from the owner?
iv) Which of the following keeps all accounts
v) Capital accounts are classified as
vi) Gross profit is
vii) Net profit is calculated in the
viii) Net purchases is obtained by taking
ix) Net sales is found by taking
x) Net profit is
i | ii | iii | iv | v | vi | vii | viii | ix | x |
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LIST A | LIST B |
i) Fair tax assessment ii) Business is repeated from owner iii) Assets=capital iv) Refers to the owners equity v) Refers to the resources owned by the owner vi) Is the main book of account vii) Goods or money taken from the business by the owner for personal use viii) A document for acknowledgement of receiving something ix) Method of finding value of stock x) Is found by stock taking |
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i | ii | iii | iv | v | vi | vii | viii | ix | x |
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Details | Account to be debited | Account to be credited |
i) Goods bought on credit from John |
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ii) Goods sold on credit to Zaituni |
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iii) Motor van bought on credit from Thomas |
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iv) Sold goods and received cash immediately |
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v) Sold goods for cash |
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vi) Returned goods to Omary |
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vii) Sold machinery for cash |
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viii) Goods returned to the business by Nelson |
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ix) Goods bought on credit from Kevin |
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x) Goods returned by business to Juma |
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i) ________________________________________________________________________________________________________________________________________________
ii) ________________________________________________________________________________________________________________________________________________
iii) ________________________________________________________________________________________________________________________________________________
iv) ________________________________________________________________________________________________________________________________________________
v) ________________________________________________________________________________________________________________________________________________
b)From the following trial balance extracted at 31 Dec 2011 draw up a trading, profit and loss account for the year ended 31December 2011.
Name of account | Debit | Credit |
Sales Purchases Rent Lighting General expenses Fixtures and fittings Debtors Creditors Bank Cash Drawings Capital |
2,900 240 150 60 500 680
1,520 20 700
6,760 | 3,850
910
2000 6,760 |
Additional information: stock at close was Tsh. 300.
THE END
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LEARNINGHUBTZ.CO.TZFORM ONE BKEEPING MODAL SERIES 3