THE UNITED REPUBLIC OF TANZANIA NATIONAL EXAMINATIONS COUNCIL OF TANZANIA

FORM TWO NATIONAL ASSESSMENT

062 BOOK KEEPING

Duration: 2:30 HoursYear: 2025

Instructions

1. This paper consists of Sections A, B and C with a total of nine (9) questions.
2. Answer all questions in the spaces 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. Communication devices 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.

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.

(i) Which statement best describe the concept of capital?

1. Resources owed by owner to business.
2. Resources invested in business by business owner.
3. Resources accumulated by business owner.
4. Resources retained in business by business owner.

(ii) The following errors are corrected through the suspense account, except

1. Purchases account understated.
2. Sale of goods entered in the cash book only.
3. Discounts allowed credited to sales account.
4. Wages paid not recorded in the accounts.

(iii) Which one plays the role of a ledger account and book of original entry?

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

(iv) Which one describes an accounting entry for the purchase of motor vehicle for cash?

1. Increase in purchases account, decrease in cash account.
2. Increase in motor vehicles account, decrease in cash account.
3. Increase in cash account, decrease in purchases account.
4. Increase in cash account, decrease in motor vehicle account.

(v) Mwanampiga started business with TZS 6,000,000 in cash. What would be the double entry for recording this transaction?

1. Dr Cash account, Cr Capital account.
2. Dr Capital account, Cr Cash account.
3. Dr Mwanampiga account, Cr Cash account.
4. Dr Cash account, Cr Mwanampiga account.

(vi) The following items can be shown in the Trial Balance, except

1. Value of opening inventory.
2. Value of closing inventory.
3. Value of loan from a relative.
4. Value of loan from bank.

(vii) The balances extracted from the books of Simba Traders shows the amount of assets as TZS 60,200,000 and accounts payable of TZS 18,200,000. What would be the amount of capital?

1. TZS 42,000,000
2. TZS 24,000,000
3. TZS 23,800,000
4. TZS 18,020,000

(viii) On 30^th June 2025 the cash book had a credit balance of TZS 659,000 and the bank statement at that date showed: Credit transfer of TZS 61,500, Standing order of TZS 100,000 and bank charges of TZS 50,000. How much would be the adjusted cash book balance?

1. TZS 659,000
2. TZS 61,500
3. TZS 720,500
4. TZS 747,500

(ix) Miss Monica, a petty cashier received a float of TZS 500,000 from Mr. Juma, the chief accountant. Expenses incurred and paid by Miss Monica during the period were: Cleaning 25,000, Bus fare 50,000 and Stationery 75,000. How much would be the balance of the petty cash book at the end of the period?

1. TZS 150,000
2. TZS 350,000
3. TZS 500,000
4. TZS 650,000

(x) Miriam sold goods for TZS 250,000 allowing TZS 42,000 cash discount. How much will be received from the customer?

1. TZS 292,000
2. TZS 250,000
3. TZS 208,000
4. TZS 42,000