ADVENTIST EDUCATION

MBEYA ADVENTIST SECONDARY SCHOOL

FORM III TERMINAL EXAMINATIONS, 2024
B/KEEPING

TIME: 3 Hours 15 MAY, 2024

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 calculator may be used
 Cellular phone are not allowed
 Write your examination names

SECTION A (15 MARKS)

Answer all questions in this section
1. From each of the items (I – x) choose the correct answer from among the given alternative and write
its letter in the box provided below the questions.
(i). Tsh 1000 cash with drawn from the cash and banked its entry will be;
(a) DR- Cash Tsh 1000 CR-Bank Tsh 1000
(b) DR- Bank Tsh 1000 CR- Cash Tsh 1000
(c) DR- Bank Tsh 1000 CR- Bank Tsh 1000
(d) DR- Cash Tsh 1000 CR- Cash Tsh 1000
(ii). When the customer returns goods previous sold to him the shop keeper will be a document
called
(a) Credit note
(b) Order note
(c) Involve
(d) Debit note
(iii). Which of the following is not an asset
(a) Buildings
(b) Cash balance
(c) Accounts recorded
(d) Loam from K. chemo
(iv). Purchases day book is kept to record
(a) All purchases
(b) Only cash purchases
(c) Only credit purchases
(d) Credit transvectors
(v). Opening and closing entry are recorded
(a) Cash book
(b) Ledger
(c) Journal
(d) Proper
(e) Burking
 (vi). Sale of non – current assets is recorded in
(a) Sales day book
(b) Journal proper
(c) Purchase day book
(d) Sales return day book
(vii). A transaction where payments for goods is made at a later date
(a) Credit transitions
(b) Tarde transitions
(c) Cash transitions
(d) Gross transitions
(viii). Goods sold in credit to Amina should be credited to
(a) Cash account
(b) Amina annual account
(c) Sales account
(d) Purchases account
(ix). Any dealings that involve the exchange of goods and services is;
(a) Business
(b) Book – keeping
(c) Transaction
(d) Deal
(x). The principle that calls for every debit that have equal credit in books
(a) Single entry system
(b) Three entry system
(c) Double entry system
(d) Book – keeping

SECTION B (40 MARKS)

Answer all questions
2. The following information is available in the books + Mwitabazi you are required to prepare rent account
1/1/2025 31/12/2025
Tshs Tshs.
Accrue 4,000 8,000
Prepaid 2,000 4,000
Cash paid Tshs 20,000

3. Depreciable amount is the amount of the acquisition cost to be allocated as depreciation into the entire life of t
asset. There are several different methods of depreciation mention four methods of depreciation.

4. The following information was extracted from the books of Fabian for the month of July 2010.
(a) Total debtor at 1st July 2010 Tshs 13,730
(b) Sales journal Tshs 114,900
(c) Cash received from debtors Tshs 66,500
(d) Sales returns Tshs 4,260
(e) Discount allowed to debtors Tshs 4,800
(f) Bad debtors written off Tshs 6,380
(g) Total Debtors at 31 July 2010 Tshs 46,690
 Required: Prepare the sales ledger control account

5. From the following information which accounts to be credited and debited in the following transactions
S/N Transactions Debit Credit
(i). A debtor Mange pays by cheque
(ii). With draw cash form bank
(iii). Cash sales
(iv). Goods bought on credit
(v). Cashed cheque
(vi). Bought a building for sale
(vii). Purchased goods for cheque
(viii). Paid wages by cash
(ix). Cheque amount from Habian
(x). Paid rates by cash

SECTION C: (45 MARKS)

Attempt all questions
6. A business with its financial year and on 31 December buys two van on 1st January 2004 no 1 for Tshs
8,000 and no 2 for Tshs 5,000. It also buys another van no. 3, On 1st July 2006 for Tshs 9,000 and
another no 4. On 1st October 2006 for Tshs. 7,200. The first two vans are sold no 1 for Tshs 2,290 on
30 september2007 and no 2 for scrap value. Tshs, 50 0n 30 June 2008 depreciation is on the straight
same bases, 20 percent annual ignoring scrap value in this particular and when calculating depreciation
per annum.
Required: Prepare
(a) Van account
(b) Provision for depreciation
(c) Income statement
(d) Statement of financial position

7. From the following information you are required to prepare Bank reconciliation statement.
- Cash at bank per bank column of the cash book Tshs 3000
- Unpresented cheque Tshs 800
- Cheque received and paid into bank but not yet entered on the bank statement Tshs 600
- Credit transfer entered as banked on the bank statement but not on tired in the cash book Tshs 300
- Cash at Bank as per Bank statement Tshs 3,500

8. From the following information you are required to prepare a Jonal ledger control.
2012 Oct. 1: Sales ledger balance - 28,409
31: Sales day book - 26,617
Bad debts written off - 342
Cheque received form debtors 24,293
Discount allowed - 416
Cheque dishonored - 120
Returns inwards - 924
Set off against balance
In the purchases ledger 319