FORM ONE BKEEPING TERMINAL EXAMS

PRIME MINISTER’S OFFICE REGIONAL ADMINISTRATION AND LOCAL GOVERNMENT

FORM ONE TERMINAL EXAMINATION

BOOK KEEPING

TIME: 2:30 (HRS) 

  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.

SECTION A (15 Marks)

Answer all questions in this section

1. For each of the item (i) – (x), choose the correct answer from among the given alternatives and write its letter besides the item number.

(i) Asra and Najma 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 objectives of financial records keeping in business?

  1. Bridge the gap between buyer and seller
  2. Fair tax assessment
  3. Paying tax to the government
  4. Creation of employment

(ii) Bought goods costing Tzs 200,000 on credit from Sauda. Therefore, Sauda is

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

(iii) Book-keeping differs from accounting under the following cases except

  1. Book-keeping deals with recording only
  2. Book-keeping requires double entry skills
  3. Book-keeping is branch of accounting
  4. Book-keeping is also known as commerce

(iv) Which of the following is the objective of book-keeping where records are made in order to know the amount of debtors and creditors available in a business?

  1. Business control
  2. Knowledge of credit dealings
  3. Fair tax assessment
  4. Determination of profit or loss

(v) Salome bought her goods from Kilonzo general wholesaler, point, usually the payment take place after fifteen days, what the appropriate journal needed to record this transaction?

  1. Purchases journal
  2. Sales journal
  3. Purchases return journal
  4. Sales return journal

(vi) Assume you want to balance cash book which is the first procedure must be followed?

  1. Find the difference between debit side and credit side.
  2. Bought down the balance
  3. Find the total of debit side and credit side
  4. Write the difference in the side which is smaller

(vii) Zureikha possess the following items in her house, personal computer, automatic generator, chairs. What is the correct term for her possession?

  1. Business 
  2. Accountant
  3. Lawyer 
  4. Marketing

(viii) Mr. Bwakiza is Gas supplier in Mtakuja village,his job being recognized accepted by the organ called BRELLA so as to be known legally to the society. By your own understanding what can be called this activity.

  1. Business 
  2. Accountant
  3. Lawyer 
  4. Marketing

(ix) Ally took shirt for TZS 15,000/= worth out of his business for private uses. What kind of transaction made by Ally?

  1. Sales 
  2. Purchases
  3. Drawings 
  4. Proprietor account

(x) Nusrat explained to her father about the knowledge she got after studying one among of accounting concept which implies that business has two aspects. What is this concept Nusrat was talking about ?

  1. Dual aspect 
  2. Deducted from asset
  3. Separate entity concept 
  4. Deducted from capital

Answers

i ii iii iv v vi vii viii ix x









.

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

COLUMN A

COLUMN B

(i) A person who owes money to a business for goods or services supplied to him

(ii) A book of prime entry used for recording all goods bought on credit

(iii) A document used when goods are bought or sold on credit

(iv) A book of prime entry used to record all goods sold on credit

(v) recording , classifying, analyzing, summarizing, interpreting, and communicating financial information of a business for decision making
  1. Sales journal
  2. Debtor
  3. Invoice
  4. Creditor
  5. Purchases journal
  6. Accounting
  7. Cash book
  8. Book-keeping
  9. Debit note

Answers

COLUMN A

(i)

(ii)

(iii)

(iv)

(v)

COLUMN B

SECTION B (40 Marks)

3 Complete the following sentences by filling in the blanks with the correct word(s)

(i) ……………………………. Is a left hand side of account

(ii) ……………………………. Is a part of a ledger where transactions are recorded

(iii). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..Is a column used to record the money involved in specific transaction

(iv). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. Is a column that contains the short description or details of the transactions that took place

(v) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Is a person whom is owned by a business for goods or services supplied on credit to a business.

3 From the items listed below, Identify which ones are assets and which ones are liabilities by putting ( √ )

ITEMS

ASSETS

LIABILITIES

(i) Motor vehicles

(ii) Loan to Dainess


(iii) Bank overdraft

(iv) Creditors


(v) Fixture and fittings

(vi) Computers

(vii) Loan from Jamal

(viii) We owe Sauda

(ix) Khamis owes us

(x) Payable to Mwakapande

 4 Sharimina is an international business person who owns a company in Arusha dealing with buying and selling electronic devices on 20th January 2023 she received 50 boxes of mobile phones from China upon serious investigation, she decided to return 20 boxes of mobile phones back to her supplier. In five (5) points outline possible reasons for this to happen

5 Careen owns a clothing retail store in Dar es salaam. she does not bother to keep proper and accurate financial records of her daily business transactions. In five (5) points, advise her on the need for book-keeping in business

SECTION C (45 Marks)

Answer all questions in this section

6 For each of the items (i) –(x) complete the missing amount and write them in the spaces provided

Assets (TZS)

Liabilities (TZS)

Capital (TZS)

(a)

5,000,000

720,000

?

(b)

1,120,000

196,000

?

(c)

6,729,000

?

5,000,000

(d)

7,840,000

?

6,580,000

(e)

?

4,660,000

1,590,000

(f)

?

2,520,000

7,680,000

7. You are required to help Mr. Habibu to prepare a statement of affairs given the following list of his Assets and liabilities

Items  Tshs
Sharing machines 480,000
Furnitures 620,000
Fittings 216,000
Consumables (soap, creams, towels) 115,000
Cash 510,000
Capital 1, 105,000
Payable to Mwakapande 836,000

8. On 1st January Mahmud started a business with capital in cash Tzs 5,000,000

2nd Jan, purchased goods for cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 2555,000

3rd Jan, Sold goods for cash . .  . . . . . . . . . . . . . . . . . . . . . . . .. 2,900,000

5th Jan, Purchased goods on credit fom Mwangia . . . . . . . . . . . .2,005,000

8th Jan, Bought packing materials for cash . . . . . . . . . . .  56,000

10th Jan, Paid advertising charger .  . . . . . . . . . . . . . . . .  80,500

15th Jan, Sold goods for cash . . . . . . . . . . . . . . . . . . . . . ... 3,200,400

20th Jan, paid rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47,000

21st Jan, purchased goods for cash . . .  . . . . . 98,000

22nd Jan paid wages . . . . . . . . . . . . . . . . . . . . . . . 55,000

  • Required: Open cash Account and balance all ledger Accounts.

FORM ONE BKEEPING EXAM SERIES 278  

MARKING SCHEME | DOWNLOAD |

FORM ONE BKEEPING EXAM SERIES 278  

OFFICE OF THE PRESIDENT, REGIONAL ADMINISTRTION AND LOCAL GOVERNMENT
SECONDARY EXAMINATION SERIES
TERMINAL EXAMINATIONS-MAY-2025
BOOK-KEEPING FORM ONE
Instructions
1. This paper consists a total of five (6) questions. 
2. Answer all questions in the spaces provided. 
3. All writings must be in blue or black ink except drawings which must be in pencil. 
4. Cellular phones and any unauthorized materials are not allowed in the assessment room. 
5. Write your name at the top right corner of every page.
1. Choose the correct answer from alternatives given in (i)-(x) by writing correct answer in spaces  provided.
1. The accounting equation is:
a) Assets = Liabilities - Capital
b) Assets = Capital + Revenue - Expenses
c) Assets = Capital + Liabilities
d) Assets + Expenses = Capital - Liabilities 
2. In the double-entry system, a decrease in a liability is recorded by a:
a) Debit entry
b) Credit entry
c) Increase in capital
d) Decrease in assets 
3. Which of the following is a correct statement of the double-entry principle?
a) For every credit entry, there may be multiple debit entries.
b) For every debit entry, there must be a corresponding credit entry of the same amount.
c) Debit entries are recorded on the right side of an account.
d) Credit entries decrease the balance of an account.
4. Buying a sterilizer for shaving machines on credit will:
a) Increase assets and decrease liabilities.
b) Decrease assets and increase liabilities.
c) Increase assets and increase liabilities.
d) Decrease assets and decrease liabilities. 
5. Which type of account is used to record revenues and expenses?
a) Personal accounts
b) Real accounts
c) Nominal accounts
d) Assets accounts 
6. According to the golden rules of accounting, what do you do with a personal account?
a) Debit what comes in, credit what goes out
b) Debit the receiver, credit the giver
c) Debit all expenses and losses, credit all incomes and gains
d) Debit all incomes and gains, credit all expenses and losses [cite: 113]
7. An increase in revenue will ultimately:
a) Decrease capital
b) Increase liabilities
c) Increase assets and decrease capital
d) Increase capital 
8. The primary reason for using a double-entry system is to:
a) Simplify the recording of transactions
b) Ensure arithmetic accuracy
c) Reduce the number of entries
d) Increase the value of assets 
9. What is the effect on the accounting equation when an expense is paid in cash?
a) Assets increase and capital decreases
b) Assets decrease and capital increases
c) Assets increase and liabilities decrease
d) Assets decrease and capital decreases
10. Which of the following is NOT an advantage of the double-entry system?
a) It helps in the preparation of financial statements
b) It ensures that financial records are kept properly
c) It eliminates the possibility of errors
d) It assures arithmetic accuracy 
2. Match the items in column A with the corresponding items in column B by write the letter of the  correct answer beside the item number in a given box below;


3. Write short notes on the following terms 
a) Capital _____________________________________________________________________________  _____________________________________________________________________________ 
b) Transaction  _____________________________________________________________________________  _____________________________________________________________________________ 
c) Profit _____________________________________________________________________________  _____________________________________________________________________________ 
d) Sole proprietor  _____________________________________________________________________________  _____________________________________________________________________________ 
e) Depreciation  _____________________________________________________________________________  _____________________________________________________________________________

4. Book keeping is important to business owners and other parties outside of an enterprise for the  different reasons. Outline five (5) importance of bookkeeping 
i) ______________________________________________________________________ 
ii) 
iii) ______________________________________________________________________  ______________________________________________________________________ 
iv) ______________________________________________________________________ 
v) ______________________________________________________________________ 
5. The accounting cycle is a series of steps that companies use to record and process their financial  transactions. List eight stages of accounting cycle 
(i) ____________________________________________________________________ 
(ii) 
(iii) 
(iv) 
(v) 
(vi) 
(vii) 
(viii) ____________________________________________________________________ 
6. Complete the table below

FORM ONE BKEEPING EXAM SERIES 216  

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FORM ONE BKEEPING EXAM SERIES 216  

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