Form 3 Book Keeping Annual Exams With Marking Schemes
Download Book Keeping Form Three Annual Exam with Marking Schemes for free.
COMPETENCY BASED ASSESSMENT BOOK KEEPING ANNUAL EXAMINATION 2025
SECTION B
3. Book keeping involves the recording on a daily basis of a company’s financial transactions whether on single entry system or double entry system and because of book keeping, companies are able to track all financial information on its books to make key operating, investing, and financing decisions. Outline five reasons stating why double entry system is better in book keeping.
4. On 1st July, 2017 Mtumzima Company bought a machinery for TZS 18,000,000, and decided to sell it for TZS 12,000,000 after using it for four (04) years. In four (04) points describe briefly why the company decided to sell a machinery at a price lower than the original cost price.
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