Book Keeping · Karatasi 1 · 2011
16 maswali 🇹🇿 NECTAMtihani wa saa 3 wa muda · husahihishwa kiotomatiki · huhesabiwa kwenye nafasi
Lipa na anza mtihani →Sehemu A
If trial balance totals do not agree, the difference must be entered in
Given the cost of goods sold is 320,000/= and margin of 20%, then the sales figure is
Discount received is
When Mussa makes out a cheque for 50,000/= and sends it to Joseph, then Mussa is known as
Sehemu B
Match the items in Column A with the responses in Column B by writing the letter of the correct response beside the item number.
Boresha ili kuona majibu ya mfano.
A book keeper prepared a Trial Balance on 31/03/2003 which showed a difference of sh. 140 (Excess credit). The difference was placed to suspense account. The following errors were subsequently located: ■ A sale of goods to Bizimungu for sh. 600 had been posted to the wrong side of his account. ■ A credit purchase of goods for sh. 1,640 from Ramson had been posted to the personal account as sh. 640. ■ A cash sale of old furniture for sh. 1,500 had been passed through the sales account. ■ The discount received account had been under cast by sh. 60. ■ Payment of rent sh. 3,400 was debited to the personal account of the landlord. From the following particulars, draw up a bank reconciliation statement: 31st December 2005 Cash book balance at bank sh. 12390 31st December 2005 Bank statement balance at bank sh. 11520 ■ Cheques issued and entered in teh cash book but not presented for payment sh. 2520 ■ Cheques received and paid into bank but not yet credited by bank sh. 3240 ■ Bank charges sh. 150
Boresha ili kuona majibu ya mfano.
Briefly explain the following terms;
Boresha ili kuona majibu ya mfano.
Mother Teressa Charitable Association does not maintain her books in the double entry system. From the following information, prepare Trading, Profit or Loss Account and Balance Sheet as at March 31st 2003.
| 31.3.2002 | 31.3.2003 | |
|---|---|---|
| Stock | 19,800 | 113,200 |
| Creditors | 31,000 | 14,500 |
| Debtors | 118,000 | 125,000 |
| Premises | 90,000 | 90,000 |
| Furniture | 11,000 | 11,500 |
| Air conditioner | 15,000 | 15,000 |
Boresha ili kuona majibu ya mfano.
Sehemu C
Following is the Receipts and Payments Account of Chilindima Social Club for the year ended December 31st 2007: Which the additional information given below, prepare the Income and Expenditure Account, Subscription Account for the year ended 31st December 2007 and the Balance sheet as at that date.
| Receipts | Amount | Payments | Amount |
|---|---|---|---|
| Balance b/f: | Salaries: | ||
| Cash | 2,000 | Secretaries | 6,000 |
| Bank | 12,000 | Staff | 5,000 |
| Subscription | Canteen expenses | 12,000 | |
| For 2006 | 500 | Miscellaneous expenses | 2,500 |
| For 2007 | 5,500 | Construction of building | 15,000 |
| For 2008 | 400 | 6,400 | Balance c/f: |
| Interest from bank | 1,000 | Cash | 1,300 |
| Sale proceeds of old newspaper | 400 | Bank | 4,000 |
| Sale of old furniture | 2,000 | ||
| Canteen collection | 12,000 | ||
| Donation for Building Fund | 10,000 | ||
| 45,800 | 45,800 |
| December 31st 2006 Sh. | December 31st 2007 Sh. | |
|---|---|---|
| (a) Subscription receivable | 1,000 | 600 |
| (b) Subscription received in advance | 200 | 400 |
| (c) Outstanding salary for staff | 1,000 | 2,000 |
| (d) Canteen expenses prepaid | 1,000 | 1,500 |
| (e) Furniture at book value | 14,000 | ? |
| (f) Buildings | 15,000 | ? |
| (g) Fixed deposit with bank | 10,000 | 10,000 |
| (h) Book value of furniture sold during 2007 was sh. 3,500. | ||
| (i) Charge depreciation on furniture at 10 percent per annum on the closing balance. |
Boresha ili kuona majibu ya mfano.
A machine was bought for sh. 900,000. It was expected to be useful for 3 years. You are required to calculate depreciation expenses for three years of its use. Use the sum of years’ digits method for your calculations. Prepare provision for depreciation and machine accounts for the three years.
Boresha ili kuona majibu ya mfano.