Business Studies Past Papers With Answers (2015-2023)

POWER POINT IN BUSINESS
STUDIES 609/1
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GRADE 8 – 9 2015 – 2022
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PRIMARY: GRADE 5 – GRADE 7 JUNIOR SECONDARY: GRADE 8 – GRADE 9

1. ENGLISH (2015 – 2022) 1. ENGLISH P2 (2015 – 2022)
2. MATHS (2015 – 2022) 2. MATHS P1 (2015 – 2022)
3. INTEGRATED SCIENCE (2015 – 2022) 3. MATHS P2 (2015 – 2022)
4. SOCIAL STUDIES (2015 – 2022) 4. INTEGRATED SCIENCE (2015 – 2022)
5. C.T.S (2015 – 2022) 5. SOCIAL STUDIES (2015 – 2022)
6. SPECIAL PAPER 1 (2015 – 2022) 6. BUSINESS STUDIES (2015 – 2022)
7. SPECIAL PAPER 2 (2015 – 2022) 7. COMPUTER STUDIES (2015 – 2022)
8. RELIGIOUS EDUCATION (2015 – 2022 EXT)
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SENIOR SECONDARY: GRADE 10 – GRADE 12

1. BIOLOGY P1 (2015 – 2022) G.C.E 18. PRINCIPLES OF ACCOUNT P1 (2015 – 2021)
2. BIOLOGY P1 (2015 – 2022) INTERNAL 19. PRINCIPLES OF ACCONT P2 (2015 – 2022)
3. BIOLOGY P2 (2016 – 2022) G.C.E 20. PURE CHEMISTRY P1 (2015 – 2021)
4. BIOLOGY P2 (2015 – 2022) INTERNAL 21. PURE CHEMISTRY P2 (2015 – 2021)
5. COMMERCE (2020 – 2022) 22. PURE PHYSICS P1 (2015 – 2021)
6. COMPUTER P1 G12 (2017 – 2022) 23. PURE PHYSICS P2 (2015 – 2021)
7. CIVIC EDUCATION (2017 – 2022) 24. RELIGIOUS EDUCATION 2046 (2016 – 2022)
8. ENGLISH P2 (2015 – 2022) G.C.E 25. RELIGIOUS EDUCATION 2044 (2020 – 2022)
9. ENGLISH P2 (2015 – 2022) INTERNAL 26. SCIENCE P1 (PHYSICS) (2016 – 2022) G.C.E
10. GEOGRAPHY P1 (2015 – 2021) 27. SCIENCE P1 (PHYSICS) (2015 – 2022) INTERNAL
11. GEOGRAPHY P2 (2015 – 2022) 28. SCIENCE P2 (CHEMISTRY) (2015 – 2022) G.C.E
12. HISTORY P1 (2019 – 2022) 29. SCIENCE P2 (CHEMISTRY) (2016 – 2022) INTERNAL
13. HISTORY P2 (2019 – 2022)
14. MATHS P1 (2017 – 2022) G.C.E
15. MATHS P1 (2015 – 2022) INTERNAL
16. MATHS P2 (2017 – 2022) G.C.E
17. MATHS P2 (2016 – 2022) INTERNAL
EXAMINATIONS COUNCIL OF ZAMBIA

JUNIOR SECONDARY SCHOOL LEAVING EXAMINATION (GRADE 9) – 2015
Business Studies 609/1

(INTERNAL & EXTERNAL CANDIDATES)
SECTION A
Answer all the questions in this section in the Answer Booklet provided by putting a cross (x) on
the letter you have chosen as your answer.
1 Which one of the following is not an example of an office?
A Virtue office B Closed office. C Virtual office D An open office.
2 The filing of documents according to places is known as ..,

A Geographical filing.
B Chronological filing.
C Alphabetical filing.
D Subject filing.
3 A risk taker who takes advantage of a given opportunity and resource in order to make money
is ...

A an entrepreneur.
B a receptionist.
C a Personnel manager.
D a Wages clerk.
4 One of the reasons why people engage in business is to...

A pass time.
B prevent crime.
C provide employment opportunities.
D control all people.
5 The doubling of an A4 size paper results in an ... size paper.

A A2
B A8
C A3
D A5
6 Which one of the following is an example of a barter transaction?

(i) Withdrew cash for private use
(ii) Exchanged a house for a car worth the same price.
(iii) Deposited cash into bank
(iv) Sold goods on credit to J. Bwale.
A (iv)
B (iii)
C (i)
D (ii)
7 Which document would be used when the seller wants to inform the buyer that the goods are
on the way?
A Advance note.
B Advice note.
C Quotation.
D Statement of Account.
8 The ... is used as a source document for the Returns Inwards Journal.
A Original Credit note
B Duplicate invoice C Original invoice D Duplicate Credit note.
9 The ... is simply a book in which we record the details of our credit customers.

A Sales Journal
B Purchases Journal
C Cash Book
D General Journal
10 Electricity Bill Account is an example of ...

A Real account.
B Personal account.
C Nominal account.
D Nominal and Personal Account.
11 Contains records of Customer's Personal Account.

A General Ledger
B Sales Ledger
C Purchases Ledger
D Nominal Ledger
12 The business has its closing capital of K2,240, net loss value of K954 and opening capital of
K3,950. How much is the value of drawings?
A K 756
B K3,194.
C K4,904.
D K 695
13 Mambwe's housing allowance is 10% of his monthly salary of K7500. He also gets medical
allowance of 5% of his monthly salary. Calculate his housing allowance.
A K560
B K6 800
C K500
D K750
14 Buying of shares in a company is a good example of ...

A entrepreneurship.
B budgeting.
C investment.
D expenditure.
15 Which banking service allows a bank customer to make a fixed payment on a fixed date?

A Credit transfer.
B Standard Order.
C Bank loan.
D Standing Order.
16 A postal service which enables the organisation to share the same information to a large
audience within or outside the organisation is called ...
A a Business Reply Service.
B a Free post.
C an Agency service.
D a Circular.
17 What do the letters UFS stand for?

A Under Flying Seal
B Under Flying Squad C Utterances For Safety D Under - garment For Sale.
18 Mrs Bulaya who is an employee of Kwacha Holdings was to issue payment reminders to all
outstanding debtors of a company. Which department does she belong to?
A Purchases Department
B Personnel Department
C Maintenance Department
D Accounts Department
19 Which of the following is an example of entrepreneurial activities found in the community?

A Persistence
B Fishing
C Loyalty
D Stealing
20 Which of the following are true about a Savings Account?
(i) Cheque book is used when making withdrawals
(ii) A minimum balance is required in order to operate the account.
(iii) Suitable for people earning a low but regular income.
(iv) Overdraft facility is offered.
(v) Automated Teller Machine facility is available.
A (i), (ii), (iii) and (v)

B (ii), (iii) and (v)
C (iii) only
D (i), and (iv)

[20 marks]
SECTION B
Answer all the questions in this section. Write your answers in the Answer Booklet in the spaces
provided.
1 Select the correct answer for the following questions from the list of possible answers
given below:
WORD LIST:
Sales Department, Production Department, Accounts Department, Procurement
Department, Reliability, Courtesy, Loyalty, Punctuality. [2]
(a) (i) Which department is in charge of preparing the budgets, forecasts and statistics of the
business.
(ii) The acceptable behaviour in an office that demands that workers should work
with minimum supervision and should have proper knowledge of the work they
do is ...
(b) Arrange the following names in alphabetical order. [2]

(i) Mrs Angela Mwelwa
(ii) Professor C. K. Maluba
(iii) Catherine Kangwa
(iv) Dr Allan Banda
(c) Use the provided word list to answer the following questions. [2]
(i) A service that enables members of the public to reply to letters without having to pay
for a stamp is ...
(ii) A call made by the operator to wake up or remind someone of an
activity is ...
WORD LIST:
Conference call, Courier service, Alarm call, Data post, Business Reply Service, Philately. [2]
(d) Classify the following items into voluntary or statutory deductions.

(i) Loan repayments
(ii) Pension contributions
(iii) Pay As You Earn (PAYE)
(iv) Club subscriptions [4]

2 (a) What type of business transactions are the following?

(i) The purchase of goods on credit from J. Mweene. [1]
(ii) A payment for rent by cheque [1]
(b) Study the document below and answer the questions that follow:
No. 340
02/03/15 From: Masuba Company
Mpulungu
To: Maarnbo Mweene
Box 320098
Mpulungu
Please supply the following goods.
Qty Ref.no. Details Unit Discount Total
Price Price
50 201 Commerce books 10.00 10% 500
20 205 Business Studies books 5.00 100
(i) How many books were ordered. [1]

(ii) Calculate the value of books ordered. [1]
(iii) If the buyer was given a discount how much is he supposed to pay. [1]
(c) Match the items in Group A with those in Group B using the Roman numerals. [3]
Book of Original Entry Source Document

A B
(i) Sales Day Book (i) Original Credit Note
(ii) Purchases Returns Journal (ii) Cheque Counterfoil
(iii) Cash Book (Bank column) (iii) Copy invoice
(d) What does the abbreviation "Chq" stand for [1]
(e) Classify the following Accounts under the correct heading (Real, Nominal, and Personal
Account), [2]
(i) Mwiinga Investment Company Account. (ii) Office Furniture Account.
(iii) Motor Expenses Account
(iv) Fixtures and fittings Account

(f) The following Ledger Account appears in the books of Mwila Kabanda. MBAZA'S ACCOUNT
DATE DETAILS F DR CR
2012
Sept 1 Balance 2500
Sept 5 Sales 1500
Sept 14 Sales Returns 200
Sept 20 Bank 350
Sept 30 Balance c/d (a)
(b)
Oct 1 Balance b/d
(i) What was the balance (a) on September 30, 2012? [1]
(ii) In which ledger would Mbaza's Account appear? [1]
(iii) What were the totals (b) on Mbaza's Account? [1]
3 (a) Explain the importance of the Certificate of Incorporation to a public

limited company. [4]
(b) Match the items in column A with those in column B using Roman
numerals. For example (i and iii).
Column A Column B
(i) Keeping of finances in the (i) Goal setting
house other than at the bank
(ii) Restricting expenditure to (ii) Traditional what is necessary only

methods
(iii) An outline of what the (iii) Control measure

business wants to achieve at
the end of an activity [3]
(c) Study the following table and answer the question below;
Item K

Construction 12,000
Salaries to workers 9,000
Agricultural equipment 5,200
Pension payment 10,900
Government scholarships 7,500
Education materials 6,750
51 350
(i) What type of budget is this? [1]

(ii) Calculate the total amount allocated towards infrastructure development and
education. [1]
(d) Classify the following financial institutions under the correct heading. [3]
S/N Financial Institution Commercial Bank Central Bank
(i) Indo Zambia Bank
(ii) Bank of Zambia
(iii) Finance bank
(e) Draw a withdrawal slip and fill in the information given below.
Name of Account holder - Mr Gondwe Sydney
Amount to be withdrawn - K 500
Use the current date
Account number - 02004102 [2]
SECTION C
Answer all questions in this section in the Answer Booklet provided.
1. Prepare a Sales Journal for Kasutu Shinka from the invoices on 31st July, 2012
July 2012
2 Sold on credit to Gemba the following: 4
cases of milk at K35.00 each
15 crates of soft drinks at K96.00 each
12 pockets of potatoes at K30.00 each
6 boxes of boom at K65.00 per box
8 containers of 5 litres cooking oil at K65.00 each
All were subject to 20% Trade Discount [10]
2 The following information was extracted from the books of Kazawala J.

You are required to prepare a Trial Balance as at 30'h September, 2014.

K
Capital 7 000
Sales 870
Wages 840
Purchases 46
Fixtures 500
Creditors 584
Debtors Motor 95
van stationery 4 000
General expenses 225
Rent and rates 1 400
Heating and Lighting 350
Drawings 550
Stock 504
Returns outwards 140
Returns inwards 500
304
[10 marks]

3 The following balances were taken from the books of Chibwe Nkandu as at 30 th June, 2015.
K
Stock (30.06.14) 550
Stock (30.06.15) 1,110
Motor vehicles 4,500
Debtors 3,500
Insurance 2,500
Sundry expenses 1,100 sales 25,042

Purchases 9,568 furniture 3,790
Stationery expenses 250 rates 180
Cash at bank 950
Cash in hand 1,095
Returns inwards 190
Returns outwards 107 Creditors 1,600 carriage

outwards 215 Carriage inwards 184
Drawings 1,835
Capital 3,658
Required
(a) Prepare Chibwe Nkandu's Trading and Profit and Loss Account for the
year ending 30th June, 2015
(b) Draw up his Balance Sheet as at 30th June, 2015.

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142

(INTERNAL & EXTERNAL CANDIDATES)
SECTION A
Answer all the questions in this section in the answer booklet provided by putting a cross (x) on
1 An office that is small and only allows one or two people to work from it is A an open
ended office.
B a dispensary.
C a staff room.
D a closed plan office.
2 Files which enable many records to be in wallets or pockets around a central vertical pillar
are ... A pending files.
B circular rotary files.
C dead files.
D box files.
3 Hard work and innovativeness are good qualities of A a receptionist.

B a family.
C an entrepreneur.
D a community.
4 Which of the following is not one of the good ways of managing business financial
resources?
A Ensuring that there are financial controls through budget preparation and
implementation.
B Ensuring that all business funds are deposited in the bank for safe keeping and
withdrawn only when required.
C Ensuring that a good and transparent financial record is maintained. D Ensuring that
none of the business creditors are paid.
5 ... is used to make several copies from a stencil.

A Teleprinter B Franking machine C Ink duplicator.
D Photocopier.

142
6 State the type of business transaction involved when payments and receipts are made by
cheque in the exchange of good and services.
A Bank transaction.
B Credit transaction.
C Barter transaction.
D Bata transaction.
7 A catalogue is a good example of ...

A a quotation.
B an order.
C an invoice.
D a receipt
8 The source document for the cash book is the ...

A Invoice.
B Debit note.
C Receipt.
D Credit note.
9 A book in which we record money meant for smaller expenditure on a day to day running of
a business is called a
A Purchases Day Book.
B Cash book.
C Petty Cash Book.
D Sales Day Book.
10 Motor vehicle account is an example of ...

A Real Account.
B Nominal Account.
C Personal Account.
D Impersonal Account.
11 In which ledger would the purchases account be recorded?

A Purchases Ledger.
B Sales Ledger.
C Creditors Ledger.
D Nominal' Ledger.

142
12 Given that purchases amount to K82,000; cost of goods sold is at K90,000; and the opening
stock valued at K45,000, calculate the value of closing stock.
A K37 000
B K8 000
C K45 000
D K127 000
13 Mr Mwale works for Mika Company. He is entitled to an income of: Salary K450, Housing
Allowance of K45, Education Allowance of K25, Deductions: Union fees of K30; PAYE K20.
How much is his take home pay?
A K520
B K470
C K750
D K570
14 Which one of the following is not a requirement for ensuring good Personal Financial
management?
A Savings.
B Excessive borrowing.
C Budgeting.
D Investments.
15 One of the functions of the Central Bank is to A issue notes and coins.
B provide ATM facilities to all customers.
C issue cheques to the members of the public.
D lend money to members of the public.
16 Phones that can be carried to any place and are connected wirelessly are A Audio
phones.
B Land lines.
C Text phones.
D Cell phones.
17 The abbreviation Co stands for ...

A Common operation.
B Compound.
C Company.
D Co-operative.

142
18 Mr Banda is in-charge of keeping a record of incoming and outgoing files within the
organisation, identify his position in the organisation.
A Accounts Clerk.
B Registry Clerk.
C Sales Clerk.
D Sales representative.
19 BM motor Company Limited has survived for a long period of time because it keeps on
coming up with improved models of motor vehicles. In relation to this, identify the
entrepreneurial trait that can be attributed to BM Motor Company.
A Open to criticism.
B Creativity.
C Risk taker.
D Innovative.
20 Mr Wall wishes to obtain an overdraft from his Bank. He was advised that this facility is only
offered to certain account holders. Identify the type of account that Mr Wali should open to
qualify for an overdraft.
A Current Account. B Savings Account.
C Deposit Account.
D Investment Account. [20 marks]
SECTION B
provided.
1 From the given list below identify the correct answers for the following questions.
(a) (i) Mr Mambwe is a mechanical engineer at K. M. Company Limited.
To which department does he belong? [1]
(ii) Socially acceptable formal relations or behaviour among employees in a work
place is termed as ... [1]
WORD LIST:
Production Department, Attitude, Loyalty, Etiquette, Maintenance Department.

142
(b) Arrange the following names alphabetically. [2]

(i) Sonalaji M. 3.
(ii) Gondwe L. N.
(iii) Chikumbutso V.J.
(iv) Richards A.
(c) State whether the following are "True or False".

(i) Railex refers to mail sent by train. [1]
(ii) Facsimile is used for sending only typed work from one location to another. [1]
(d) The following are rates of pay which are used for calculating pay depending on the nature of
the work. Select the correct answer from the word list. [4] (i) An employee
is paid a fixed sum of money per each hour that is worked.
(ii) This is based on the principle that any extra output should be shared between the
worker and the employer.
(iii) This Is when an employee is paid a fixed agreed sum of money for a week, month
or a year.
(iv) This is an allowance given to an agent who does work on behalf of someone.
WORD LIST:
Time card, flat rate, wage sheet, time rate, payslip, bonus rate, statutory deductions,
commission rate.
[Total: 10 marks]
2 (a) Complete the following sentences by stating whether the statement is

"True" or "False".
(i) Exchange of 5 goats for 1 cow is a Barter Transaction. [1]

(ii) Receiving a cheque from Peggy for payment for goods sold to her is a
Credit transaction. [1]
Statement of Account

142
Chamo Ltd Dat e:

P.O. BOX 50924 18/11/2014
Lusaka
Maya Pvt School
P.O. Box 90745
Mkushi
Date Description Debit Credit Balance
01/05/09 Balance 2 500
06/05/09 Cheque 101 450 (a)
20/05/09 Invoice no. 709 850 (b)
31/05/09 Credit Note (c) 2 780
(i) How much was the closing balance on 6/05/09 (a). [1]
(ii) How much was the balance on 20/05/09 (b). [1]
(iii) Calculate the value of the credit entry (c). [1]
(c) Complete the table below. [3]

S/N Book of Original Entry Source Document
(i) Cash book (a)

(ii) Purchases Day Book (b)
(iii) Sales Return Day Book (c)
(d) What do the letter C.C. stand for? [1]
(e) Classify the following items into Real, Personal or Nominal Account.
(i) Motor Expenses Account.
(ii) Zesco Limited Account.
(iii) Fixture and Fittings Account.
(iv) Malakata's Account. [2]
(f) The following Account appeared in L. Hamooya's Ledger in the month of December, 2014.
A. BINGA'S ACCOUNT
142
Date Details F Debit Credit

Dec. 2014
1 Balance b/f 3 550
15 Sales 45 060
20 Returns inward (a)
25 Discount Allowed 6 500
30 Cash 31 540
31 Balance c/d 5 000
? (b)
1/1/15 Balance b/d 5 000
(i) Is Binge a Debtor or Creditor? [1]

(ii) Calculate the missing figure of Returns inward' on
December 20, 2014, in (a). [1]
(iii) What are the totals for Binga's Ledger Account in (b)? [1]
(iv) In which ledger would Binga's Account be found? [1]
[Total: 15 marks]
3 (a) State whether the following statements are "True or False".

(i) A business plan is used for sourcing loans from lending institutions. [1]
(ii) A business plan helps to start up the business. [1]
(iii) A company is required to submit the Memorandum of Association to the
Registrar of Companies before registering the business. [1]
(iv) A partnership business is required to submit an Articles of Association to the
Registrar of Companies. [1]
(v) A business plan assist the business to determine the viability of a business idea.
[1]
(b) Use the word list below to fill in the missing phrase in the following statements:
(i) A budget acts as a ……… on what and when to spend in an organisation.
(ii) The budget acts as a …. in limiting on unnecessary expenditure in an
organisation.
(iii) A budget promotes ... to enhance openness and honesty in the manner
finances in an organisation are being spent.
Word list:
Shares, Guide, Bonds, Control measure, Transparency. [3]

142
(c) Njekwa gets K4 650 per month, he spends ¾ (three quarters) of his total salary per
month. How much is his total budget of expenses per month? [2]
(d) (i) Study the diagram below and answer the questions that follow:
14-00-44
MADDI BANK ZAMBIA LIMITED
Date: 20/10/15
Pay: Mwandila Mweene or order

The sum of Two Thousand Kwacha only
K 2000
L. Mweetwa
097411.140044.0474117
Identify the Drawer and Drawee in the diagram above. [2]
(ii) Mapalo Siwo deposited K100 notes amounting to K1 500 in his bank account on
30th June, 2015, you are required to fill in the deposit slip shown below.
DEPOSIT SLIP
Account Name
Account Number: 04111720112167
Branch: Ndola Date:
Notes Amount (K) Ngwe (n)

K100
K50
K20
K10
K5
K2
K1
Total
Amount in words:
Customer Signature Bank teller’s Signature

M.S E.C
SECTION C

142

1 Enter the following information into E. Hamankolo's cash accounts for the month of January,
2014 and balance off the account.
January 1 Started business with K9 000 cash in hand.

January 3 Bought goods for cash K2 000
January 8 Paid rent by cash K1 500
January 10 Sold good K3 000 cash
January 17 Paid Sundry Expenses by cash K550
January 25 Cash purchases K1 500
January 31 Bought motor vehicle by cash K2 000. [10]
2 The following Trial Balance was extracted by Hampeyo on 31st December, 2014, failed to
agree. Trial balance as at 31' December, 2014.
DETAILS DR (K) CR (K)
Sales 150 140
Machinery 74 800
Debtors 15 200
Creditors 8 500
Rent and Rates 2 100
Carriage outwards 3 500
Purchases 90 500
Capital 25 000
Bank overdraft 2 460
176 300 195 900
Required
Re-draft a corrected version of Hampeyo's Trial Balance as at 31st December, 2014. [10]

142
3 The following balances extracted from the books of Mvunga as at 31 st December, 2014.
K
Bank loan 1000
Capital 5167
Debtors 2160
Creditors 1 285
Wages and salaries 450
Buildings 1953
Stock on 31'1 December, 2014 1950
Discount Allowed 95
Discount Received 81
Drawings 980
Gross profit 3785
Cash in hand and at Bank 1372
Equipment 549
Commission Received 65
Plant and machinery 1540
Bad debts 64
Carriage outwards 96
Rent received 170
Stationery 127
Advertising expenses 217
You are required to prepare

(a) The Profit and Loss Account for the year ending 31 December 2014. [10]
(b) A Balance Sheet as at 31 December 2014. [10]
[Total: 20 marks]

142


(INTERNAL CANDIDATES)
SECTION A
Answer all the questions in this section in the Answer Booklet provided by putting a cross (X) on
1 Which department in an organisation is responsible for payment of staff salaries and wages?
A Procurement Department
B Human Resource Department
C Administration Department
D Accounts Department
2 The filing system where all the files of a company are kept in one place is called ...
A Alphabetical filing.
B Central filing.
C Departmental filing.
D Numerical filing.
3 Which of the following document is not needed in the formation of a business?

A Articles of Association
B Partnership Deed
C Statement of Account
142
D Trade Certificate
4 A guideline used to tabulate organisational goals and objectives for the purpose of planning
is called ...
A balance sheet.
B log book.
C management sheet.
D time card.
5 Which one of the following envelopes has an opening on the longer side?
A Airmail Envelope B Banker Envelope
C Pocket Envelope
D Registered Envelope
6 Study the transactions below; (i) Sold a motor vehicle on credit. (ii) Cash sales.
(iii) Sold a Delivery van by cheque.
(iv) Exchanged a motor vehicle for a house.
(v) Bought a house and payment deferred to a later date.
Which of these are credit transactions?

A (i) (iii) and (iv).
B (iii) (v) and (i)
C (v) (ii) and (iii).
D (i) and (v).
7 Which document is sent by the seller to the buyer as a reminder of the amount due, for the
goods supplied? A Advice Note.
B Credit Note.
C Invoice.
D Quotation.
8 The ... is used as a source document for the Purchases Journal.

A Original Invoice
B Original Credit Note
C Duplicate Invoice
142
D Duplicate Credit Note
9 Assets bought and sold on credit are first recorded in the A Purchases and Sales
Journal.
B Sales Journal.
C Purchases Journal.
D General Journal.
10 The machinery Account is a good example of a ...

A Personal Account. B Real Account.
C Nominal Account.
D Real and Nominal Account.
11 The other name for Debtor's ledger is ...

A Purchaser Ledger.
B Creditors Ledger.
C Sales Ledger.
D General Ledger.
12 Nelly Chansa's capital at the beginning of the year was K95,000 and K120,000 net at the end
of the year. She withdrew K12,000 during the year. Calculate her profit for the year?
A K 132,000
B K37,000
C K108,000
D K 13,000
13 The Basic pay for the worker is K8,000 and he is charged a 2% "Pay As You Earn" per month.
Calculate the worker's net pay.
A K7,840
B K8,160
C K8,000
D K7,680
14 Which one of the following is not a reason for budget preparation in an organisation?
A Control measure in financial matters
B It is a guide on expected income and projected expenditure
C It encourages transparency
D It shows the current cash balance of an organisation

142
15 The type of Bank Account which allows a client to withdraw cash after a specific period of
time is called...
A Fixed Deposit Account.
B Current Account. C Deposit Account.
D Savings Account.
16 The postal service which allows people without permanent postal addresses to collect mail in
person at the post office is called...
A Data post.
B Express mail service.
C Free post.
D Post Restante.
17 The abbreviation Inc. stands for ... A Incorporated. B Inconvenience, C Income.

D Include.
18 Mr Mumbi received a labour Day Award for being the most obedient and faithful employee.
Which office etiquette best describes him?
A Royalty
B Courtesy
C Punctuality
D Loyalty
19 An Accountant was discovered to have been altering official financial records in an

organisation. What is the effect of this activity on the organisation? The organisation will ...
A lose resources.
B become profitable.
C have good reputation.
D gain resources.
20 Ben wishes to open a Bank Account which uses a cheque for withdrawals. Which account
would be suitable for Ben?
A Savings Account.
B Current Account. C Deposit Account.
D Fixed Deposit Account.
142
[20 marks]
SECTION B
provided.
1 (a) State whether the following are true or false:

(i) Late - coming is not one of the acceptable office etiquettes expected from
a worker. [1]
(ii) Chief buyers belong to the Accounts Department in an organisation. [1]
(b) Arrange the following items in numerical order:

(i) 13764165 – IT
(ii) 22116035 – BC
(iii) 10698147 – CA
(iv) 13774166 – BD [2]
(c) Use the word list below to answer the questions that follow:
Word List
Registered mail, Recorded Delivery, Airmail, Railex, Mobile phone, Internet, Telephone,
Facsimile.
(i) .... is mail used when sending valuable items such as certificates, Jewellery or
cheques. [1]
(ii) The global system of interconnected computer networks that interchange data is
called ....... [1]
(d) Match the items in Group A with those in Group B:
Group A Group B
Payment according to the amount of Time Rate
work done,
Fixed payment plus all allowances Normal time
Payment according to hours worked Piece rate
Number of hours that a worker is Gross salary
contracted to work per week.
[4]
[10 marks] 2 (a) What type of business transactions are shown below?
(i) Exchanged 40 cows for a house.
(ii) Received cash as commission for selling goods.

142
BM GENERAL DEALERS LTD
Box 33411 No. 193
KAFUE Date: 20 Dec, 2016
To: Kafue School
P.0 Box 43 43912
Kafue
QTY Description Unit price (K) Total
100 Reams of paper ? 8,500
? Box files 6 120
?
Prepared by : Y. Mwila
Received by: J. Gondwe
(i) What is the unit price for the reams of paper? [1]
(ii) Calculate the quantity of the box files? [1]
(iii) What is the total amount for the reams of paper and the box files? [1]
(c) Zimba returned 500 packets of pens at K50 each to Muyunda because of wrong colour.
Required to:
Fill in a Credit Note. [3]
(d) What is the meaning of the abbreviation via? [1]
(e) Classify the following accounts under the correct heading (Real, Nominal and personal).
(i) Wages Account

(ii) Machinery Account
(iii) Fred Chikwandais Account
(iv) Cash Account [2]
(f) Complete the table below. Write your answers in the Answer Booklet.
S/No Transaction Account to be Account to be

Debited Credited
Bought goods and
paid by cheque.

142
(ii) Sold goods on credit

to C. Chanda
(iii) Withdraw cash from
the bank for private
use.
(iv) J. Zulu returned
goods to us.
[4]
[15 marks] 3 (a) Explain any three of the desirable business ethics. [5]
(b) (i) Mention any two reasons why budgeting is necessary. [2] (ii)
From the following information, prepare the budget for Bwale, for the
month of June 2015:
Income Expenses
Salary K3,500 Groceries and food K4,000
Rent received K2,200 Transport K300
[3]
(c) Study the diagram below:
XYZ BANK (Z) LTD
Manda Hill, Lusaka
01-04-00
DATE:
18/08/16
Pay: … Mapalo
Goodson………………………………………………or order K2, 000-00
the sum of: Two thousand kwacha only.
E Daka
000072.010400.0474881141
(i) Identify the parties to the cheque above [3]

(ii) The following is a bank statement for the month of June 2015.
Bank Statement
Date Details F Debit Credit Balance
K K
June 1 Balance b/f 10,500
10 E. Mutale 7,500 ?
15 Zambia State Insurance 1,500 ?

142
29 J. Manda 3,000 19,500

Calculate the bank balances on the 10th and 15th June 2015. [2]
[15 marks]
SECTION C
1 Natasha trades in office machinery and on 15' April 2016, her financial position was as follows:
K
Freehold land and buildings 2,500
Cash at bank 120
Grade debtors 250
Grade creditors 200
Fixtures and fittings 400 Stock
140
Required to:
Enter the above items in Natasha's Journal Proper, showing the capital figure as at this
date. [10 marks]
2 The following Trial Balance was taken from the books of Z. Temba, an incompetent
Bookkeeper, on 315' December, 2014.
TRIAL BALANCE AS AT 31sT DECEMBER, 2014
Details Dr Cr
(K) (K)
Sales 21,550
Purchases 13,500
Returns inwards 450
Carriage inwards 1,000
Rent 2,000
Debtors 5,500
Creditors 1,550
24,100 22,400
Required:
Re draft the Trial Balance correctly. [10 marks]

142
3 The following balances were extracted from the books of R. Chocha as at 31st December 2015.
K
Sales 42,830
Purchases 16,740
Stock (01.01.2015) 4,790
Returns inwards 220
Carriage inwards 60
Stock (31.12.2012) 3,030
Debtors 3,240
Drawings 8,360
Premises 48,000
Buildings 20,500
Wages and salaries 10,310
Loan from ZANACO 6,020
Rent received 640
advertising 2,180
bank 3,010
Creditors 2,870
Capital 64,950
Cash in hand 70
Required to prepare:
(a) R. Chocha's Trading and Profit and Loss Account for the year ending 31 st December 2015. [11]
(b) Draw up a Balance Sheet as at 315t December, 2015. [9]
[20 marks]
[Total: 40 marks]

142

142
POWER POINT IN BUSINESS STUDIES (2015 – 2022) DON’T POST OR SHARE IT ON
SOCIAL MEDIA


(EXTERNAL CANDIDATES)
SECTION A
Answer all the questions in this section in the answer booklet provided by putting a cross (x) on
the letter you have chosen as your answer 1 An office is one where...
A there is privacy.
B there is more than one officer operating in the same room.
C there is security.
D supervision of members of staff is difficult.
2 Spike, as a filling equipment keeps documents in... order.

A Alphabetical
B Chronological
C Geographical
D Numerical
3 Strengthening of entrepreneurial abilities can best be done through A good health.

B hard work.
C observing others.
D production.
4 A Written record of future desires to be achieved by an individual or institution in a

given period of time is known as. A Articles of Association B a Business Plan.
C a Management Sheet.
D a Partnership Deed.
5 A Laminator is used for

A arranging documents neatly.
B capturing thin layer of plastic on documents.
C covering a thin layer of plastic on documents.
D storing, creating and retrieving documents.
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Page 33 of 142
SOCIAL MEDIA
6 A transaction where goods are bought and payment is made later is called…
transaction. future credit cash barter
7 The part of a cheque that remains in the cheque book after issuing out a payment is
known as a...
A payment voucher.
B duplicate slip.
C Counter foil.
D cash sale slip.
8 The source document used for small cash payments is known as... voucher.
A receipt
B petty cash
C cheque stab
D cash sales
9 The book of original entry in which we record the purchase of fixed assets on credit is
called...
A Sales Day Book.
B Purchases Day Book.
C Purchases Returns Journal.
D General Journal.
10 Sundry expenses is a good example of... Account.

A Nominal
B Personal
C Personal and Real
D Real
11 To which ledger do we post the total of the Sales Day Book?

A Cash
B Creditors a
C Debtor's
D General
12 Given that opening stock is valued at K16,800.00 closing stock at K10,300.00 and
purchases at K15,400.00, calculate the Cost of Goods Sold.
A K11 700.00

Page 34 of 142
SOCIAL MEDIA
B K21 900.00
C K27 100.00
D K32 200.00
13 Mwitwa is an employee of a bank whose pay and deductions are as follows:

Gross pay K7 500.00, Union fee K90.00, PAYE K300.00. Calculate the net pay.
K7 110.00
K7 200.00
K7 410.00
K7 890.00
14 Investment is
A saving money for holiday tours.
B putting money into a business to earn a profit.
C getting money from the business for personal use.
D borrowing money from the bank to buy a car
15 A service offered by commercial banks allowing customers to pay for goods and
services using their Automated Teller Machine (ATM) cards is called A Banker's draft.
B Credit transfer.
C Point of Sale.
D Standing Order.
16 The postal service that allows for letters and parcels to be sent through rail transport is
known as...
A Courier services.
B Rail mail C Railex mail D Registered mail.
17 The letters RTS stands for ..

A Refer to Seal.
B Return to sender.
C Return to source.
D Return to subscriber.
18 Muleya Works in a business factory to ensure that the company's products meet the
needs and wants of consumers. Which department does she belong to?
A Maintenance
B Procurement

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SOCIAL MEDIA
C Production
D Purchases
19 Nyambe usually offers discounts and special prices to customers whenever need arises,
which business ethic does he follow?
A Fairness
B Flexibility
C Integrity
D Loyalty
20 Which one of the following statements is not true about a Current Account.
Account holders are issued with a cheque book
Automated Teller Machine (ATM) facility is offered
lt is an interest earning account
Overdraft facility is offered [20 marks]

Page 36 of 142
SECTION B
provided.
1 (a) Select the correct answers from the following word list to answer thee
following questions.
WORD LIST:
Loyalty, Reliability, Computer Room, Administration Department,
Registry Room, Secretary, Punctual, Legal Department.
(i) Mweenda is a dependable worker who works without any close supervision and
instructions. Which type of office etiquette does he possess? [1]
(ii) Tensha's work is to draft and keep company records, organise Annual General
meetings as well as sign contracts of the company. To which department does she
belong? [1]
(b) Arrange the following in numerical order.

(i) 456 T. Gibson
(ii) 247 A. Kalidas
(iii) 427 M. Hess
(iv) 344 R. Hodgson [2]
(c) Match any two of the following words/phrases in column A with suitable words/phrases in
column B.
Column A Column B
(i) Used for sending valuables like cash (i) Facsimile
notes and certificates.
(ii) Used for sending tapes and (ii) Registered mail
diskettes.
(iii) Used to send and receive exact (iii) Data post
copies of pictures through the
telephone.
(d) Explain the types of deductions below and give examples.

(i) Statutory deduction [2]
(ii) Voluntary deduction [2]
[Total: 10 marks]
2 (a) What type of transactions are the following
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(i) Bought goods from Mukela paying after 30 days. [1]

(ii) Paid cash for wages and salaries. [1]
(b) Chishimba works for Daza private school. On 2nd March 2017, he received the following items on
behalf of his institution from LIGO's Stationery Ltd;
100 reams of bond paper, reference P1
150 boxes of chalk, reference C2
Required to:
Fill in the Goods Received Note provided for in the Answer Booklet. [3]
(c) Prepare an invoice note using the following information:

Seller: Mbamu
Buyer: Nasimu
Date: 6th February, 2017
5 reams of bond paper at K50.00 each
10 boxes of chalk at K10.00 each [3]
(d) What do the letters "c/o" stand for? [1]
(e) Classify the following according to the correct class of Account (Real, Personal and Nominal
Account).
(i) Free hold Property Account.
(ii) Advertising Account.
(iii) Mwape and Brothers' Account.
(iv) Plant and Machinery Account. [2]
(f) Study the transactions below and state which accounts are to be debited and credited.
(i) Bought Motor Van by cheque. [2]
(ii) Cash sales paid directly into bank. [2]
[Total: 15 marks]
3 (a) Give five ways of financing businesses. [5]
(b) (i) Give three examples of Personal Financial Management. [3]

(ii) Mutinta prepared the following personal budget.

Mutinta's Personal Budget
K
Stationery 15 450.00
Groceries ?
Food stuffs 8 910.00
Electricals 17 540.00
Total 55 000.00
Calculate Mutinta's budgetary allocation for groceries. [2]
(c) (i) What is meant by Savings Account? [1]
(ii) Fill in a Bank Statement using the following: information:

1st September, 2016 Balance brought down K7 600.00
th
7 September, 2016 Drawings K500.00
th
20 September, 2016 Salary K4 500.00
29th September, 2016 Bank charges K150.00 [4]
[Total: 15 marks]
SECTION C
1 The following details were taken from the books of C. Kaumba in the month of June, 2017.
K
June 1 Imprest for the month 1 000.00
5 paid for postage stamps 50.00
6 Bought envelopes 30.00
10 Bought disinfectants 150.00
11 Cost of sending a parcel 25.00
18 paid for a taxi fare 35.00
22 Bought washing powder 118.00
26 Cost of bus fare 75.00
28 Bought reams of paper 330.00
Required to:
Draw up C. Kaumba's Petty Cash Book using the following analysis column headings:
Stationery, Postage, Transport and Cleaning.
NB: Your starting point for petty cash voucher (PCV) numbers should be 10.
[10] 2 Below is a Trial Balance prepared by an incompetent Bookkeeper. Trial balance as
at 31st December, 2017.

Details F Dr (K) Cr (K)

Stock 200.00
Capital 800.00
Drawings 40.00
Sales 450.00
purchases 300.00
Debtors 500.00
Creditors 350.00
Advertising 100.00
Motor Van 460.00
1 690.00 1 060.00
Required to:
Prepare a correct Trial Balance as at 31st December, 2017. [10]
3 The following details were available in the books of B. Matandiko on 30th June, 2017.
K
Stock (01.07.16) 1 450.00
Stock (30.06.17) 1 210.00
Rent received 4 000.00
Insurance 120.00
Salaries and wages 1 227.00
Purchases 25 450.00
Sales 53 850.00
Debtors 3 850.00
Creditors 9 500.00
Cash at Bank 11 000.00
Returns inwards 850.00
Returns outwards 450.00
Carriage inwards 950.00
Carriage outwards 1 100.00

Motor vehicles 13 500.00

Furniture 19 500.00
Rates 650.00
Postage and Stationery 492.00
Drawings 1 400.00
Capital 13 739.00
Required to:
(a) Prepare B. Matandiko's Trading and Profit and Loss Account with the correct title [12]
(b) Draw up the Balance Sheet with the correct title. [8]
[Total: 40 marks]


SECTION A
Answer all the questions in this section in the Answer Booklet provided by putting a cross (X) on
1 The department responsible for sorting goods according to their quality and grades is
known as…. Department
A Sales
B Stores
C Production
D Purchases
2 The filing of documents according to dates, is known as filing.

A alphabetical

B chronological
C geographical
D subject
3 The type of business owned and controlled by one person, is known as a.

A company.
B Co-operative.
C partnership.
D sole-trader.
4 A partnership business can come to an end if … A partners disagree.

B partners make losses.
C one partner is absent.
D one partner is sick.
5 A. is an electronic equipment that can create, store, organise and retrieve information.
A photocopler
B franking machine
C duplicating machine
D computer
6 The exchange of goods or services where payment is made at a later date, is known as…
transaction.
A barter
B bank
C credit
D cash
7 The business document used to start the buying process in an organisation is known as A
a quotation.
B an order.
C an Invoice.
D an enquiry.
8 The source document that is used for a transaction requiring immediate payment is Known
as
A receipt.

B an invoice.
C a credit note
D a debit note.
9 Goods sold on credit are entered in a

A Journal Proper
B Purchases Day Book.
C Sales Day Book.
D Sales Returns Day Book.
10 Debtors and creditors are an example of Accounts.

A Real
B Personal
C Nominal
D Impersonal
11 The suppliers accounts are recorded in the … Ledger.

A Sales
B Purchases
C General
D Debtors
12 Use the following information to calculate the value of working capital. Stock K4 500.00,
debtors K1 700.00, cash in hand Ki 000.00, creditors K2 300.00 and bank overdraft K700.00.
A K7 900.00
B K7 200.00
C K4 900.00
D K4 200.00
13 Kangwa receives an annual salary of K120 000.00 and her monthly deductions per month
are as follows:
PAYE K1 500.00, pension fund K500.00. Calculate her monthly gross pay.

A K8 000.00
B K10 000.00
C K11 500.00
D K12 000.00
14 The buying of shares is a good example of ..

A bonds.
B budgeting.
C investment.
D saving.
15 The Financial Institution that is specifically formed to buy and sell foreign currency to
members of public is known as a A Building Society.
B Bureau de Change.
C Commercial Bank.
D Central Bank.
16 The postal service that allows one to send small amounts of money in fixed denomination is
called A money transfer.
B money order.
C postal orders.
D electronic transfer.
17 What do the letters "RTS" stand for?

A Return to supplier
B Return to sender
C Return to seller
D Refer to sender
18 Chulu is in charge of sensitising people about the goods produced by the business. Which
department does Chulu. belong to?
A Purchasing
B Production
C Marketing
D Human Resource

19 Inambao wants to start running his own business but does not have enough money to do
so. How can Inambao finance his business?
A Leasing of assets
B Issuing of bonds
C Issuing of shares
D Issuing of stock
20 Three of the following are required documents during company formation.

Which one is not?
A Articles of Association
B Memorandum of Association
C Partnership deed
D Trading certificate [20 marks]
SECTION B
Answer all the questions in this section. Write your answers in the Answer Booklet in the
spaces provided.
1 (a) Match the items in column A with those in column B.

COLUMN A COLUMN B
(i) Maintenance (i) Organising and storing of al Department
business documents and records
(ii) Administration (ii) Advising on repairing and Department replacement of

equipment.
(iii) Legal Department (iii) Making sure that suppliers

deliver the correct quantities goods.
(iv) Purchasing (iv) Advising organisations on

Department procedures of dealing with internal
and external misunderstanding

(b) Arrange the following items in numerical order:

NAME
(i) 20173978 (i) Chiyaze Peter
(ii) 20173128 (ii) Hanzala Maureen
(iii) 20176204 (ii) Mwape Allan
(iv) 20172014 (iv) Kaumba Jane [2]
(c) Use the word list below to answer the questions that follow:
Word List
Courier Service, Data Post, Postal Order, Money Order, Express Mail.
(i) Musonda usually sends large sums of money to her mother in the village by filling
in a special form obtained from the Post Office. which Postal Service does she
use?
(ii) Which Postal Service does Mutinta use to deliver mail or packages In the quickest
possible way?
(d) AMB Company employs two types of workers, they are paid by either wage or salary. Explain
the meaning of the following;
(i) A wage [2]
(ii) A salary [2]
[10 marks]
2 (a) What type of business transactions are shown below?

(i) Buying of goods using an ATM card.
(ii) Selling a car and receiving payment after a week.
(b) Banda Dalitso an Account holder with BKM Bank, paid K3 500.00 on 7 th February 2017 to
Mudenda Joshua for goods supplied.
Required to:
Fill in a cheque [3]
(c) George Phiri bought 100 tins of Milo at K24.00 each, paying by cheque No. 0000471. Money
was received by C Bwembya on 3rd February, 2018.
Required to:
Fill in the receipt [3]
(d) What does the abbreviation B.O.D. stand for? [1]
(e) Classify the following accounts under the correct heading (Nominal, Real and personal).

(i) Mwango and Sons Account

(ii) Light and Heating Account
(iv) Plant and Machinery Account
(iv) Delvery Expenses Account [2]
(f) Using the following information, prepare Nchimunya's Account a Debtor to the business for
the month of September, 2017.
September 1 Balance brought forward K 800.00
September4 Sold goods on credit K1 000.00
September 20 Received a cheque worth K1 500.00 [4]
[15 marks] 3 (a) Describe the following qualities of a good Entrepreneur.
(i) Self-confidence.
(ii) Open minded and flexible
(iii) Passionate
(b) (i) What is a National Budget?

(ii) Use the following information to prepare a budget for Bunda, for the month of
August, 2017.
K N
Monthly salary 10 500.00
Gift from a friend 2 250.00
Lighting and heating expense 1 000.00
Food and transport 6 500.00 [4]
(c) (i) Nyambe wishes to withdraw cash from the bank at mid-night, to solve an emergency
issue. Which banking service would Nyambe use? [1]
(ii) Richard Zuze, whose bank account number is 004151, withdrew wo thousand five
hundred kwacha from the bank on 25th June, 2017.
Required to:
Fill in a withdrawal slip. [4]
[15 marks]
SECTION C
1 Mukuma Enterprise Limited maintains a petty cash book, using the imprest system. A monthly
cash float of K2 500.00 was received on 1st January 2018 from the main cashier.
The company made the following payments in the month of January:
K N
JAN 2 Bought stamps 200.00

10 Paid for a bus fare 220.00 12

Bought envelopes 130.00
13 Paid for taxi fare 140.00
15 Bought toilet disinfectants 120.00
16 Bought hand sanitizers 180.00
30 Bought reams of papers 600.00
Required to:
Prepare the Petty Cash Book and balance it up using the imprest system.
Use the following analysis columns: Postage, transport, stationery and leaning.
[10 marks]
2 The following information was extracted from the books of N. Tembo on 30 November, 2017.
K N
Sales 11 800.00
Machinery 15 400.00
Debtors 4 200.00
Creditors 6 200.00
Insurance 8 000.00
Purchases 2 500.00
Capital 10 000.00
Bank overdraft 7 100.00
Required:
Prepare Tembo's Trial Balance showing the correct heading.
[10 marks]
3 The following details were available in the books of M Silumbu on 30th December, 2016.
K N
Net profit 11 988.00
Machinery 19 500.00
Stock (31.12.2016) 2 500.00
Debtors 9 300.00
Office equipment 12 650.00
Drawings 9 800.00
Creditors 7 250.00
Furniture 16 500.00
Cash in hand 2 438.00

Capital 65 900.00
Fixtures and fittings 13 550.00
Required:
Draw up the Balance Sheet. Show the correct heading. [20 marks]
[Total: 40 marks]


(EXTERNAL CANDIDATES)
SECTION A
Answer all the questions in this section in the answer booklet provided by putting a cross (x)
on the letter you have chosen as your answer.
1 Which one of the following is not a function of an office?
A Analysing
B Planning
C Privacy
D Storing
2 The sorting out of files or documents according to topic or particular issues is called... filing.
A alphabetical
B chronological
C numerical
D subject
3 Entrepreneurial abilities are strengthened through holding

A motivational
B memorandum

C momentum
D movement
4 ….. is one of the reasons for dissolving a company.

A Short listing of a company
B increased quarrels
C Death of the director
D Bankruptcy of the company
5 Which type of paper is used for making more than one copy without using a carbon paper?
A Board paper
B Bond paper
C Flimsy paper
D Stencil paper
6 A business transaction that allows a customer to pay for goods and services at a later date is
known as... transaction.
A Credit
B cash
C barter
D bank
7 A... is a reply to an enquiry from the seller to the buyer.
A Receipt
B quotation
C invoice
D advice note
8 The source documents that is used when the buyer has been under charged is known as a ...
A Cheque.
B Credit note.
C Debit note.
D Receipt.
9 The book where we record details of our credit suppliers is Known as a … Journal.
A General
B Purchases
C Returns
D Sales

10 Land and Building is a good example of ... Account.

A nominal
B nominal and real
C personal
D real
11 ... Ledger is a type of ledger in which we find personal accounts of our Suppliers.
A Sales
B Returns
C Purchases
D General
12 If a business made a gross profit of K2 500.00 and a net profit of K750.00. What was the value of
the total expenses?
A K1 750.00
B K2 750.00
C K3 250.00
D K4 750.00
13 Bwalya works for MBD Company and entitled to the following; Basic salary K1600.00, Rural
Hardship Allowance K150.00, PAYE K120.00, calculate the worker's gross pay.
A K1 870.00
B K1 750.00
C K1 630.00
D K1 600.00
14 ... is one of the methods of investments. A Reducing on unnecessary expenditure

B Going for holiday trips abroad
C Buying of shares in a company
D Buying a car for personal use
15 Which banking service allows for a bank customer to withdraw more than what is in the account?
A Bank loan
B Bank overdraft
C Credit transfer
D Direct debit

16 The postal service that allows a trader to obtain feedback from their Customers without the
customers paying for postage is known as a...
A Postal money orders.
B Post restante.
C Express mail service.
D business Reply service.
17 What do the letters "CAI" stand for.

A Cash against Invoice.
B Cheque Against Invoice.
C Company Against Invoice.
D Credit Against Invoice.
18 Lubinda as a worker at MDC Company accepts his mistakes and is able to accept blame of any
work done wrongly. Which office etiquette does he possess?
A Courtesy
B Loyalty
C Reliability
D Responsibility
19 Which of the following statements are examples of avoiding being a victim of fraud?
(i) Keeping personal details sage
(ii) Fall out with family members and friends
(iii) Reading the terms and conditions on the contracts
(iv) Borrowing money form unreliable sources
A (iii) and (ii)
B (i) and (iii)
C (iv) and (i)
D (ii) and (iv)
20 Musonda pays for water bills to the council at different dates and different amounts. Which
banking service does she use?
A Standing order
B Credit transfer
C Direct debit
D Debit card [20 marks]

SECTION B
spaces provided.
1 (a) Bridget was asked to attend a job interview, for possible recruitment.
(i) Which department in an organisation is responsible for staff recruitment?
(ii) Who heads the department you have mentioned in (i) above?
(b) File the following documents chronologically by indicating the roman numeral of your choice
in the spaces provided, in the Answer Booklet.
(i) A letter received form Mwaka on 4th March, 2015.
(ii) News papers received on 1st March, 2015.
(iii) An appointment letter received on 10th March, 2015.
(iv) News letter received on 3rd March, 2015. [2]
(c) Mundia wishes to send some documents to distant places. Which telecommunication services
could be used in the following situations?
(i) Sending an urgent funeral message to a distant town.
(ii) Sending exact copies of the Parent Teachers' Association (PTA) minutes to
distant places using telephone line. [2]
(d) Indicate whether the following statements are true or false:

(i) A worker's total pay plus all allowances and without deductions is known as basic pay.
[1]
(ii) Personal levy is an example of a statutory deduction. [1]
(iii) the method of paying workers based on the amount of work done is known as piece rate.
[1]
(iv) A flued monthly pay to a worker which does not depend on the amount of work done is
called a salary.
[Total: 10 marks]
2 (a) Explain what is meant by the following,
(i) Credit transactions. [1]
(ii) Cash transactions. [1]

(b) Study the diagram below.
QUOTATION
Chisomo General Dealers Date: 10/01/17
P.O. Box 32008
Mongu
Ms. Chanda Mbulo
P.O. Box 32009
Monigu
Qty Description Unit Price Total Amount

(K) (K)
40 Hard cover books 15.00 (i)
50 Manila paper (ii) 3 000.00
Total (iii)
(i) What is the total amount for the hard cover books [1]
(ii) Calculate the unit price for manila paper. [1]
(iii) How much was the total amount for the goods [1]
(c) Use the following information to answer the question below.

Date: Current date
Amount paid: K900.00
Payment to: Gerald Mbewe
Account holder: Mwewa Mubanga
Bank Name: MCB Bank (z) Ltd
Cairo road, Lusaka Required
to:
Fill in the cheque leaf that is provided in the Answer Booklet. [3]
(d) What does the abbreviation 'viz' stand for? [1]
(e) Classify the following Accounts under the correct heading namely:
Real, Nominal and Personal Accounts.
(i) ABC Supermarket Account.
(ii) Bank Account.
(iii) Salaries Account.
(iv) Discount Received Account. [2]

(f) Complete the table by indicating the account to be debited and credited.
S/N Transaction Account to be Account to
debited be credited
(i) Bought furniture by cheque ? ?
(ii) Withdrew cash from the ? ?

bank for office use.
[4]
[Total: 15 marks] 3
(a) Match the following statements in column A with words/phrases in column B.
Column A Column B
(i) How much is needed to start a business (i) Locality
(ii) Consideration on when the (ii) Competitors
business will open and close
(iii) Traders selling similar goods (iii) Trading hours
(iv) Decide on how to inform (iv) Advertising
Customers about the goods
(v) Where to sell the goods (v) Capital
[5]
(b) (i) Explain "Guidance" as a reason for Budgeting. [1]

(ii) The following information relates to Ngoma.
Salary K5 000.00
Electricity K 300.00
Groceries K1 700.00 Housing
Allowance K1 000.00 Required to:
Prepare Ngoma's budget. [4]
(c) (i) Explain a "Credit Card" as a service offered by the Bank. [1]
(ii) Fill in a withdrawal slip using the following information;
Branch: Solwezi
Date 14/03/2016

Account Name: Mwila Chiti

Account number: 02301
Amount withdrawn: K4 000.00 [4]
[Total: 15 marks]
SECTION C
1 The following transactions were taken from the books of Kumwemu Taka, in the month of
December, 2016.
December 1 Bought the following on credit form Nalumbo:

10 Boxes of chalk at K12.00 each
80 Board dusters at K15.00 each
Less 10% Trade Discount
December 21 Bought goods on credit from Chimbe worth K2 000.00.

Less 5% Trade Discount
December 31 Bought.50 exercise books on credit from Ntakaila at K10.00 each
Required to:
Prepare a Purchases Journal. [10]
2 The following information relates to Collins Mbabara's Trial Balance which failed to agree.
Trial balance as at 31st December, 2016.
Details F Dr Cr
(K) N (K) N
Cash 6500.00
Bank 13 700.00
Capital 12 600.00
Sales 18 600.00
Purchases 5 400.00

Stationery 1 200.00
Salaries 4 400.00
42 100.00 20 300.00
Required to:
Prepare a correct Trial Balance as at 31 March 2016.
3 The following details were extracted from the books of Mwale as at 31 st August, 2016.
K N
Capital 4 160.00
Creditors 586.00
Office Salaries 245.00
Debtors 1 944.00
Premises 700.00
Stock (01.09.15) 1 275.00
Drawings 295.00.
Discount received 280.00
Gross Profit 678.00
Cash in hand and at bank 347.00
Office equipment 104.00
Rent received 60.00
Discount Allowed 130.00
Bad debts written off 45.00
Rates and Insurance 129.00
Plant and Machinery 550.00
Required to prepare:
(a) Profit and Los Account for the year ending 313 August, 2016.

(b) Balance Sheet as at 31 August, 2016.

[20 marks]


SECTION A
Answer all the questions in this section in the Answer Booklet provided by putting a cross
(X) on the letter you have chosen as youranswer.
1 The type of an office which has more than one person in a room is called ... office.
A virtue
B open
C crossed
D closed
2 The filing equipment which allows files to be kept side by side is known as... filing cabinet.
A box
B horizontal
C lateral
D vertical

3 Which type of business offers training to its members?

A Company
B Co-operate
C Partnership
D Sole trader
4 A business may be closed off because of … A bankruptcy.

B Competitors.
C investments.
D solvency.
5 Paper clips are used for...

A keeping papers together permanently B keeping papers together temporarily.
C separating papers permanently.
D separating papers temporarily.
6 An exchange of goods for g0ods is known as... transaction.
A barter
B bank
C cash
D credit
7 The Business document that shows pictures, prices and terms or payment of goods for sale is
known as…
A a quotation. B an inquiry.
C an estimate.
D a catalogue.
8 The source document that is used to start the accounting process in both books of the buyer and
seller is known as.
A an invoice.
B a debit note
C a credit note.
D a cheque.
9 Goods sold on credit are first recorded in the....

A Cash Book.
B General Journal.
C Purchases Journal.

D Sales Journal
10 The Sales Account is an example of... Account.

A Nominal and Personal
B Nominal
C Personal
D Real
11 The type of Ledger in which Real and Nominal Accounts are recorded is called... Ledger.
A Sales
B Purchases
C General
D Creditors
12 On 31st December, 2017, the cost of Fixed Assets was K2 200.00, Current Assets were valued at
K2 000.00 and current liability were K1 200.00. Calculate the value of working capital.
A K800.00
B K1 200.00
C K3 000.00
D K3 200.00
13 Mwangala's net pay is K10 500.00, her total deductions are K2 500.00. While her total allowances
are K1 500.00. Calculate her gross pay.
A K14 500.00
B K13 000.00
C K12 000.00
D K11 500.00
14 The process of putting money aside for purposes of getting more financial gain is called..
A investment. B dividend. C budgeting D bonds.
15 A... Account is a high interest earning account.

A Current B Deposit
C Save as you earn
D Savings

16 A message sent by means of a telephone is called...

A email B fax.
C phonogram.
D telex.
17 What do the letters FIFO stand for?

A First in First Offer
B First in First Opened
C First in First Order
D First in First Out
18 Manda ensures that the right quality and quantity of goods are maintained in the business at a
low cost. Which department is in charge of this?
A Stores Department
B Purchases Department
C Production Department
D Maintenance Department
19 which of the following statements describe the function of business plang

(i) Helps in training of employees of the business
(ii) Shows what type of business to set up
(ii) Helps in motivating employees of the business
(iv) Helps to check on the progress of the business
A (i) and (ii)

B (i) and (iv)
C (iv) and (i)
D (iv) and (iii)
20 The Accountant of the company usually sends the company Cashier to deposit cash and cheques
received from customers. Which document does the Cashier use?
A Cheque book
B Pay slip
C Pay in slip
D Withdraw slip

SECTION B
spaces provided.
1 Use the word list to answer the following questions.

Word list
Legal Department, Administration Department, Transport Department, Human Resource
Department.
(a) K.B. Enterprise Limited is an organization with various departments responsible for different
functions. Which department is in charge of ...
(i) hiring and deciding on staff disciplinary matters. [1]
(ii) monitoring, supervising and implementing planned activities in an organisation. [1]
(b) Arrange the following items in chronological order:

Name of child Date of birth
(i) Moonga Nelson (i) 20th June, 2017
(ii) Nyambe James (ii) 1st October, 2017
(iii) Sakala Alice (iii) 24th March, 2017
(iv) Zyambo Mercy (iv) 4th August, 2017 [2]
(c) Use the word list below to complete the statements that follow:
Word List
Telex, Cash on Delivery, Internet, Poste Restante
(i) Which service allows visitors to collect the mail in person while in a different town?
(ii) Which service allows a customer to pay for goods upon collection? [1]
(d) From the following deductions on Natasha's pay-slip identify the statutory deductions.
(i) Pension contributions
(ii) Lay bye payments
(iii) Personal levy
(iv) Pay as You Earn
(v) Standing Order - water bills

(vi) Insurance premiums

(vii) National Pension Scheme Authority (NAPSA) [4]
[10 marks] 2 (a) What type of business transactions are shown below?
(i) Payment of workers salary using credit transfer.
(ii) Payment made for five chairs after1 month.
(b) Nchimunya, a procurement Officer for J.M. Company Limited of Mongu, wishes to buy 20 camp
chairs at K120.00 each from Munalula General Dealers of Kaoma. The document was prepared on
24th April, 2017.
Required to:
Fill in an order form. [3]
(c) On 10th March, 2017, a customer went into J M K Stores to buy 1 bag of mealie meal at K100.00
and a 5 litre container of cooking oil at K90.00. The customer gave the store cashier a K200.00 to
settle the bill for the two items at 14:30 hours.
Required to:
Fill in a Cash Sales Slip.
(d) What does the abbreviation C.E.O stand for? [1]
(e) Classify the following items into Real, Personal or Nominal Accounts.
(i) Sales Account
(ii) Purchases Account
(ii) Car Account
(iv) ABZ Crafts Limited Account [2]
(f) Complete the table below. Write your answers in the Answer Booklet.
S/No Transaction Account to Account to be
be Debited Credited
(i) Paid E Banda by cheque.
(ii) Sold goods by cash.
(iii) Bought motor van on
credit from M.K Motors
Limited
(iv) Paid cash into bank
[15 marks]

3 (a) List at least five parts of a Business Plan.
(b) (i) Use the following information to prepare Mwitwa's budget for the month of
July 2017.
K
Income 10 200.00 Groceries 1 200.00
Cleaning materials 3 500.00
Stationery 1 500.00 [4]
(ii) Give any example through which Mwitwa can save her money. [1]
(c) (i) Describe an Investment Account. [2]

(ii) Cephas Zimba, a Savings Account holder of account number 06451 requested for
a debit card for the newly opened account at Bank WXZ, Solwezi Branch. The card
was issued on 1 April, 2015 and would expire on 31 March, 2020.
Required to:
Fill in the details on the Debit Card. [3]
[15 marks]
SECTION C
1 The following transactions were available in the books of Simukonda, in the month of
February, 2017: K
February 1 Cash in hand 480.00
Cash at bank 150.00
5 Received cash from Moya less 2% cash discount 250.00
8 Paid for wages by cheque 110.00
10 Paid cash into bank 250.00
20 Cash sales 120.00
28 Paid Bwalya by cheque K10.00, having already
deducted K2.00 cash discount
Required to:
Prepare Simukonda's three Column Cash Book. Ensure that the columns are well
labelled. [10 marks]

2 The following Trial Balance was extracted by an inexperienced Book- keeper on 31st
October, 2017.
TRIAL BALANCE AS AT 31ST OCTOBER, 2017
Details Dr Cr
(K) N (K) N
Cash at bank 1 050 00
Wages and salaries 800 00
Fixtures and fittings 1 600 00
Capital 7 000 00
Sales 4 100 00
Purchases 9 150 00
Drawings 500 00
Creditors 2 000 00
Required to:
Re-draft the Trial Balance correctly. Show the correct details and date. [10 marks]
3 The following details were taken from the books of B. Siame on 31st December, 2017.
K N
Stock (01/01/17) 4 000.00
Stock (31/12/17) 1 500.00
Buildings 3 900.00
Cash in hand 600.00
Creditors 1 100.00
Machinery 4 300.00
Bank overdraft 700.00
Bad debt written off 300.00
Stationery expenses 200.00
Printing expenses 400.00
Sales 8 400.00
Purchases 2 600.00
Purchases returns 600.00
Sales returns 400.00

Advertising 1 200.00
Insurance 800.00
Capital 10 800.00
Rent 500.00
Drawings 1 000.00
Debtors 1 400.00
Required to:
(a) Prepare the Trading, Profit and Loss Account.
(b) Prepare a Balance Sheet.
[20 marks] [Total:
40 marks]

SECTION A [20 MARKS]
Answer all the questions in this section in the answer booklet provided by putting a cross
(x) on the letter you have chosen as your answer.
1 An office is a place where ...
A vehicles are parked for security purposes.
B sporting activities are conducted.
C farming activities are conducted.
D clerical duties are conducted.
2 The filing of documents according to the topic is known as ...

A subject
B numerical
C geographical
D alphabetical
3 Borrowing money from the bank, without providing accurate personal and physical
addresses can be considered to be...
A bankruptcy.
B ethical.
C fraud.
D innovation.

4 A business can be dissolved as a result of ...

A additional capital by partners.
B agreements made by partners.
C bankruptcy of the business.
D high cash flows in the business.
5 The office equipment used for cutting paper into required sizes is called a A Collator.
B Guillotine.
C Perforator.
D Shredder.
6 The buying of fuel using a debit card is known as a ... transaction.

A bank
B barter
C cash
D credit
7 A document sent by the seller, showing the price, terms and conditions of sale for goods
available is called ...
A an invoice.
B an inquiry.
C an order.
D a quotation.
8 The source document for goods returned by customers is known as ...

A a cheque.
B a credit not.
C an invoice.
D a receipt.
9 In which Book of Original Entry are small cash transactions recorded? ... Book.
A Cash
B Petty Cash
C Purchases Day
D Sales Day
10 A Wages Account is classified as ... Account.

A a Real

B a Personal
C a Nominal
D an Asset
11 The Principle Book of Accounts in which we record details of our credit suppliers is called
... Ledger.
A Creditors
B Debtors
C General
D Nominal
12 The Balance Sheet showed the following items: Current Assets K12 000.00, Current
Liabilities K2 000.00 and Fixed Assets K4 000.00. Calculate the working capital of the
business.
A K18 000.00
B K16 000.00
C K14 000.00
D K10 000.00
13 Mapalo's Basic Pay is K9 640.00, the total deductions are at K1 640.00 and total
allowances are at K5 360.00. Calculate the Gross Pay.
A K16 640.00
B K15 000.00
C K13 360.00
D Kll 280.00
14 The method of investment that gives ownership in a company is known as...

A farming.
B entrepreneurship.
C a share.
D a bond.
15 A financial institution where customers are ab le to exchange foreign currencies is called A

Savings Associations.

B Micro Finance.
C Credit Union.
D Bureau De-change.
16 A ... service enables a business customer to reply to an inquiry without paying for
postage.
A Business Reply
B Poste Restante
C Recorded Delivery
D Registered Mail
17 What does the business abbreviation "C.A.I" stand for?

A Cash Against Information
B Cash Against Invoice
C Cash Alternative Information
D Certified Accounting Institution
18 Mukuka works in a department that is responsible for repairing company machinery.

Which department does this worker belong to?
A Transport
B Production
C Maintenance
D Administration
19 Libanda and Tabitha wish to work together in business. It was decided that they needed
to write down all their business agreements. Which document contains such?
A Trading License
B Partnership Deed
C Memorandum of Association
D Articles of Association
20 Which Account would be opened for Zyambo who signs a contract with a Bank to deduct
a K200.00 per month per 3 years towards a child's education?

A a Current Account B a Deposit Account

C an Investment Account
D a Savings Account [20 marks]
SECTION B [35 MARKS]

Answer all the questions In this section. Write your answers in spaces provided in the Answer
Booklet.
1 (a) Arrange the following in numerical order.
(i) 2 115 Solwezl [1]
(ii) 2 150 Mongu [1]
(iii) 2 500 Chama [1]
(iv) 2 005 Zimba [1]
(b) Use the word list below to answer the questions that follow:
Word list
Money order, Telex, Cash on Delivery, Fascimile, Express mail, Data Post, Mobile phone
(i) Thabo is able to send short messages (sms) to friends and relatives. Which service allows
Thabo to do so? [1]
(ii) A company is able to send some computer materials to its customer's door steps.
Which postal service does the company use? [1]
(c) Match the items in Column A with those in Column B.

Column A Column B
(i) A detailed statement of a worker's (i) Flat rate
monthly income
(ii) A document showing the time each (ii) Basic Pay

worker logged in and out of the work place
(iii) Type of pay according to the amount of (iii) Pay slip work done.
(iv) A worker's pay before any allowances (iv) Time card

are added. [4]
2 (a) The following goods were sent to KNA Enterprises by J.B.0 Company on 20
August 2019 using the company's Motor van.
40 Reams of paper reference No. 920
10 RISO ink Reference No.850
The goods were received by the Stores Officer, Kaira J. in good condition.

Required to:
Fill in the Delivery Note. [5]
(b) Bwalya Kaniki, a Grade 12 learner at Ngwata Secondary School in Ndola, paid her school
fees of K1 200.00, on 20 April, 2020. The payment was received by Chiyesu Sachi, the
School Accountant.
Required to:
Fill in the Receipt [5]
[10 marks]
3 (a) From the statements relating to fraud given below, identify any five ways of
avoiding being victims of fraud.
(i) Checking change given by a shop attendant, after buying goods or services.
(ii) Revealing the Bank Personal Identification Number (PIN) to all friends and relatives.
(iii) Keeping Bank Personal Identification Number (PIN) to one self.
(iv) Signing a blank cheque in advance before details are filled in.
(v) Being careful before taking part in free Internet promotions or trial offers.
(vi) Use very simple passwords which are easy to remember.
(vii) Never send money to somebody you do not know very well.
[5] (b) The following information relates to Chanda for the month of November 2019.
K N
Salary 8 000.00
Rent from tenant 2 500.00
Transport charges 1 000.00 Household
Groceries 4 000.00
Required to:
Prepare Chanda's budget. [5]
(c) Mwenda Nalwendo, a customer at ABZ Bank of Lusaka, Account Number - 04700414,
deposited fifteen K50.00 notes and hundred and ten K5.00 notes into her Bank Account
on 26 April, 2020. Tando, a Bank Teller, received the money.
Required:
Fill in the Deposit Slip. [5]
[15 marks]
SECTION C [45 MARKS]

Anstker all questions in this section in the Answer Booklet provided.
1 (a) The following information

was available in the books of
Sombo for the month of June, 2019:
June 15 Bought the following goods on credit from Chiluba Enterprises:
10 office chairs at K2 000.00 each Less 10% trade discount.
June 20 Received an Invoice Note from Mubiana Ltd for the following items:
2 office curtains at K5 000.00 each 20
office tables at KI 000.00 each.
Required:
Prepare the Purchases Journal. [10]
(b) The following details appeared in F. Chiteta's books, for the month of June, 2019:
June 3 Paid for rent by cash K800.00 June
20 Cheque payment for rent K900.00
Required:
Draw up the Rent Account as it would appear in the Ledger. [5]
[15 marks]
2 The following Trial Balance was prepared by an incompetent Book Keeper.

Trial Balance — 30th September 2019
DETAILS F K N K N
Capital 28 840 00
Cash in Hand 3 500 00
Purchases 8 800 00
Sales 9 200 00
Motor vehicle 8 700 00
Wages and Salaries 15 800 00
Debtors 4 770 00
Creditors 3 530 00
42 310 00 40 830 00
Required
Redraft the correct Trial Balance. [10]

3 The following balances were taken from the books of D. Ntwatwa on 30 th June, 2020.
K N
Discount received 25 255.00
Discount allowed 3 400.00
Rent and Rates 13 650.00
Sales 97 000.00
Purchases 56 900.00
Returns inwards 540.00
Stock (01.07.2019) 4 100.00
Stock (30.06.2020) 1 960.00
Returns outwards 520.00
Postage 3 990.00
Commission received 18 950.00
Stationery 1 150.00
Advertising 2 850.00
Insurance 7 550.00
Electricity expensive 4 750.00
Required to
Prepare the Trading, Profit and Loss Account, correctly headed. [20 marks]




Answer all questions. Mark your answers with a cross (X) on the Answer Grid provided in the
Answer Booklet.
1 The department responsible for putting up the company's programmes is known as...
department.
A administration
B planning
C purchasing
D sales
2 The filing of documents by each section in an organisation is known as... filing.

A centralised
B decentralised
C lateral
D subject
3 A... is a business owned and democratically controlled by its members for a common goal.
A sole trader
B partnership
C co-operative
D company
4 The dissolution of a company on grounds that a court of law directs that a particular business is
not able to pay its creditors is called.

A solvency.
B liquidation.
C debt.
D bankruptcy.
5 An office equipment that is used for destroying unwanted documents is called a….
A shredder.
B Scanner.
C guillotine.
D collator.
6 The sale of goods where payment is received immediately is called…. transaction.

A barter
B cash
C cheque
D credit
7 ... is a document sent by the buyer, requesting for the provision of goods and services from
several suppliers.
A A catalogue
B An estimate
C An order
D A tender
8 The source document for the Sales Journal is ...

A Duplicate Invoice.
B Duplicate Credit Note.
C Original Credit Note.
D Original Invoice.
9 The... Journal is a subsidiary book where we record details of goods returned to suppliers.
A Sales
B Sales Returns
C Purchases
D Purchases Returns
10 Which of the following accounts is classified as nominal?

A Delivery van
B Motor expenses
C Motor vehicle
D P and G Investment
11 The... Ledger is the principal book of accounts in which we record details of credit customers.
A Sales
B Purchases
C General
D Cash
12 The following details were available in the books of E. Miti on 31 December 2020;
Current assets K23 300.00
Motor vehicles K12 900.00
Current liabilities K4 300.00
Calculate the working capital.

A K6 100.00
B K14 700.00
C K19 000.00
D K31 900.00
13 A worker's basic pay is K5,000.00 and is entitled to education allowance of K300.00. The Pay As
You Earn (PAYE) deduction is valued at K3 600.00. Calculate the gross pay.
A K8 300.00
B K5 300.00
C K4 700.00
D K1 700.00
14 The method of investment where one keeps animals and grows crops in order to make profit is …
A saving.
B shares.

C farming.
D bonds.
15 A bank account that does not allow withdrawals without notice is known as a… Account.
A Current B Deposit
C Joint
D Savings
16 A postal service that allows the sending of information with the same content, to a large group
of people is known as …
A Cards.
B Circulars.
C Datapost.
D Parcels.
17 What does the business abbreviation UFS stand for?

A Under Free Service
B Under Free Sale
C Under Flying Service
D Under Flying Seal
18 Which of the following are functions of the legal department? (i) Typing minutes of company
meetings
(ii) Keeping records of proceedings at all board meetings
(iii) Dealing with matters of dismissal of workers
(iv) Drafting and signing of the company's contracts
A (i) and (ii)

B (iv) and (iii)
C (ii) and (iv)
D (iii) and (i)
19 Which of the following are documents needed for the formation of different types of
businesses?
(i) Partnership Deed
(ii) Title Deed
(iii) Articles of Association
(iv) Certificate of Insurance

A (i) and (iii)

B (ii) and (iii)
C (iii) and (iv)
D (i) and (iv)
20 A company was able to pay for electricity bills of varying amounts at three separate times within
a month. Which banking service was used for such payments?
A Standing order
B Direct debits
C Credit transfer
D Credit card [20 marks]
SECTION B [35 MARKS]

Answer all the questions in this section. Write your answers in spaces provided in the Answer Booklet.
1 (a) Arrange the following according to subject.

(i) Received a transfer letter on 13 May, 2020.
(ii) Received a promotion letter on 8 May, 2020.
(ii) Received a dismissal letter on 12 May, 2020.
(iv) Received a retirement letter on 10 May, 2020.
(b) Use the word list below to answer the questions that follow:
Word list
Registered mail, Telegram, Railex, Express Mail
(i) A company is able to send urgent items to its clients.
Which postal service does it use?
(ii) Which telecommunication service can be used when sending printed or written
short messages from one place to another urgently?
(c) Match the items in Column A with those in Column B.

Column A Column B
(i) A document containing allowances and (i) Time card
deductions for an employee's earnings

(ii) A compulsory deduction from an (ii) Wages sheet

employee's salary
(iii) A record showing a summary and (iii) Payslip

breakdown of denominations needed to pay
the worker
(iv) A record showing an employee's number (iv) Statutory

of hours worked per week deduction
[10 marks]
2 (a) On 4 July, 2020, Musonda prepared a Petty Cash voucher for K40.00 to pay for pencils.
The payment was authorised by Mubiana.
Required to:
Fill in a Petty Cash Voucher.
(b) ABC Enterprise Ltd of Lusaka supplied the following goods on credit to DMK Limited of
Chingola on 4 August, 2020. 120 wheel barrows at K250.00 each 70 bags of cement at
K85.00 each Required to:
Fill in the Invoice Note
[10 marks]
3 (a) Use the phrases below to describe the statements that follow.
Phrases
Executive summary, Business idea, Marketing plan, Form of business,
Financial planning, Staff legal responsibilities
Which part of a Business Plan best describes the following:
(i) Entrepreneurial activities to be undertaken.
(ii) Summary of all important information of the business.
(iii) How capital and other resources for the business shall be raised.

(iv) How the company products shall be advertised.

(v) The vision, value and mission of the business.
(b) Use the following information to prepare Sibongile's budget for the month of September
2019
K N
Salary 11 000.00
Donation to charity 1 000.00
General expenses 5 100.00
(c) Madalitso has a Bank Account with ABU Bank (Z) Ltd. The following transactions took
place in the month of July, 2020.
July 1 Opening Balance K2 000.00
10 Madalitso deposited K150.00
31 Bank charges K250.00 Required:
Fill in the Bank Statement.
[15 marks]
SECTIONC [45 MARKS]

1 (a) The following details were available in the books of Njekwa

January 2019
14 Simwanza returned 6 cases of Pure Joy at K150.00 per case less 10%
trade discount as they were damaged in transit.
29 Tembo returned 8 packets of paper worth K700.00 due to wrong size Required:
Prepare the Sales Returns Day Book.
[10]
(b) JMB company's books showed the following information for the month of April
2020.
April 10 Bought a motor vehicle for Ki10 000.00 by cash
30 Paid for another motor vehicle for K15 000.00
Required: [5]
[15 marks]
2 Prepare a Motor Vehicle Account.
The Trial Balance for Moono was prepared by an incompetent bookkeeper. Moono's Trial
Balance for the year ended 30 November, 2020

F DEBIT CREDIT
DETAILS K N K N
Capital 28 040 00
Cash at Bank 6 500 00
Sales 10 600 00
Purchases 700 00
Wages 16 000 00
Debtors 5 770 00
Loan 6 330 00
Office furniture 9 700 00
44 740 00 45 200 00
Required
Redraft the correct Trial Balance.
[10 marks]
3 The following balances were extracted from the books of XYZ Fashions on 31 December, 2019
K N
Stock at 31/12/2019 8 560.00
Discount allowed 163.00
Rent and Rates 649.00
Insurance 545.00
Premises 34 000.00
Fixtures and Fittings 6 000.00
Debtors 1 655.00
Creditors 876.00
Drawings 6 500.00
Capital 51 000.00
Bank 542.00
Gross Profit 20 915.00
Bank loan 8 000.00
Required:
Prepare correctly headed, the;
(i) Balance Sheet [9]

(ii) Profit and Loss Account [11]

[20 marks]
EXAMINATION COUNCIL OF ZAMBIA

Business Studies 609 / 1

Time: 2 hours 30 minutes Marks: 100
SECTION A: [20 MARKS]

Answer all questions. Mark your answers with a cross (X) on the Answer Grid provided in the Answer
Booklet.
1 The responsibility of drafting and signing of contracts for an organisation is done by the ...
Department.
A Accounts
B Legal
C Planning
D Procurement
2 The ... filing equipment allows files and folders to hang on rails in the cabinet drawers.
A vertical
B spike
C lateral
D flat
3 ….... is one way of strengthening entrepreneurial abilities.

A Criticising fellow entrepreneurs
B Depending on customer's suggestions
C Ignoring advice from others
D Observing successful entrepreneurs
4 A business can be dissolved as a result of …

A business owners increasing cash inflow.

B business owners increasing capital.
C business organisation becoming bankrupt.
D agreements made by the business owners.
5 An office equipment which is used for arranging papers in their correct order is known as a ...
machine. A collating
B franking
C guillotine
D shredding
6 An exchange of a cow in settlement of school fees is an example of a … transaction.

A bank
B barter
C cash
D credit
7 ....is a document that shows the duration and cost required by a seller to complete a particular
type of work. A A catalogue
B A cheque
C An enquiry
D An estimate
8 ... is a source document which shows proof of payment for goods and services
A A receipt
B An invoice note
C A debit note
D A credit note
9 A subsidiary book for receipts and payment of small cash transaction is known as … Book.
A Sales Day
B Purchases Day
C Petty Cash
D Cash
10 DWV Motors Limited is an example of ... Account.

A an Asset

B a Fictitious
C a Nominal
D a Personal
11 Credit customer's personal accounts are found in the ... Ledger.

A Creditors
B Debtors
C General
D Nominal
12 The following details were available in the books of Mubotu on 31 May 2021.
Drawings K3 000.00
Opening capital K38 000.00
Net profit K7 000.00
Calculate the closing capital.

A K28 000.00
B K34 000.00
C K42 000.00
D K45 000.00
13 A worker's basic pay is K9 000.00, total allowances K2 000.00 and total deductions K1 500.00 per
month. Calculate the worker's net pay.
A K8 500.00
B K9 500.00
C K10 000.00
D K11 000.00
14 Which of the following method of investment is considered as a debt security?

A Shares
B Farming
C Entrepreneurship
D Bonds

15 A …. is a service provided by commercial banks which a buyer of goods and services can use to
make payments from one account to another in two different countries.
A Bank Transfer
B Direct Debit
C Standing Order
D Stop Order
16 The Postal Service that allows for quick delivery of urgent letters and parcels is called... Mail.
A Surface
B Registered
C Express
D Air
17 The abbreviation D/N stands for… A Data Note.
B Debit Note.
C Direct Note.
D Division Note
18 Wana is polite and kind to customers of the business. Which office etiquette describes Wana?
A Reliability
B Responsibility
C Loyalty
D Courtesy
19 Which of the following are ways in which one can be protected from fraud?
(i) Checking if change is correct.
(ii) Exposing personal details.
(iii) Ignoring terms and conditions.
(iv) Keeping your PIN secret.
A (i) and (iv)

B (ii) and (iii)
C (iii) and (i)
D (iv) and (ii)
20 Kafula uses the bank to pay for fixed monthly housing rentals to the landlord on fixed dates.
Which banking service allows Kafula to do so?
A Credit Transfer
B Direct Debit

C Standing Order
D Telegraphic Transfer
SECTION B: [35 MARKS]

Answer all the questions in this section. Write your answers in spaces provided in thee Answer
Booklet.
1 (a) Arrange the following in chronological order.

(i) Received a History question paper on 16 July, 2021.
(ii) Received a Mathematics question paper on 15 July, 2021.
(iii) Received a Commerce question paper on 28 July, 2021.
(iv) Received an Art question paper on 20 July, 2021.
(b) Use the word list below to answer the questions that follow.
Word List
Telephone, Franking, Internet, Telegram, Express mail and Free post.
(i) Mapalo was able to immediately send the document using an Worldwide
system of electronic devices. Which service allows Mapalo to do so?
(ii) CABDED Enterprises Limited is able to receive feedback from customers

without having them to pay for postage. Which service allows for such?
(c) Match the items in column A with those in column B. Column

A Column B
(i) Paying a worker according to (i) Voluntary deductions [1] the
number of hours worked.
(ii) A wage after deductions. (ii) Time Card
(iii) Deductions not imposed by law. (iii) Net pay
(iv) A record of total hours worked (iv)Time rate in a week.

[10 marks]
2 (a) On 1 September, 2020, EWK Logistics requested BMK Limited to deliver 30 laptops and 50
desktop computers to PMC Limited. The document was prepared by Bwalya Zulu.
Required
Fill in the Consignment Note. [5]

(b) On 3 April, 2021, NPQ Limited sent a document to VMX General Dealers to increase
the amount on an invoice note sent on 25 March, 2021 for 10 bags of flour at
K250.00 each less 5% trade discount.
Required
Fill in the a Debit Note. [5] [10 marks]
3 (a) In relation to acceptable business ethics, match the items in column A

with those in column B.
Column A Column B (i)
Provision of the same type of goods (i) Integrity and
services to all customers without any segregation.
(ii) Avoidance of the provision of poor (ii) Responsibility [1] quality
of goods in order not to endanger the lives of the customers.
(iii) A business environment which allows (ii) Fairness
customers to find the required goods and services at any given
time.
(iv) A company being able to take care of (iv) Flexibility the
needs of the community.
(v) A business environment that is able to (v)
Dependability change the type of services being offered
in order to suit the demands of customers.
(b) The following information relates to Chalwe for the month of March, 2021:
K N Rentals
from tenants 9 000.00
Household expenses 4 000.00
Transport charges 200.00
Water bills 400.00
Wages received 1 500.00 Donation
to church 500.00 Required:
Prepare Chalwe's budget. [5]

(c) Dalitso Lungu, an account holder at CTL Bank, Account Number 1802019 was
issued with an Automated Teller Machine (ATM) card number 419398032
for the period 1 November, 2016 to 30 October, 2021 Required:
Fill in an ATM card. [5]
[15 marks]
SECTION C: [45 MARKS]

1 (a) The following information was available in the books of T. Siame in the month of
December 2021
December 1 Sold the following goods on credit to J. Langa:

20 boxes of reams of paper at K240.00 each.
Less 2% trade discount.
December 28 Bought three wheelbarrows on credit from C. Daka at K255.00
each.
December 29 Sold the following items on credit to F. Chali:
10 printer toner at K350.00 each.
Less 5% trade discount.
Required:
Prepare the Sales Journal. [10]
(b) The following information was available in August 2019 for J. Kaunda who is
a customer to C. Mvula.
August 1 Balance due to C. Mvula K6 000.00.
August 13 J. Kaunda bought goods on credit from C. Mvula with a list
price of K10 000.00.
August 25 3. Kaunda paid K11 000.00 by cheque.
Required:
Prepare C. Mvula's account in J. Kaunda's ledger. [5]
[15 marks]
2 The following Trial Balance was prepared by an incompetent bookkeeper for Twalumba Co Ltd on
31 December, 2021.

DR CR
DETAILS K N K N
Sales 66 850 00
Purchases 42 950 00
Commission received 2 250 00
Advertising expense 10 900 00
Carriage outwards 13 200 00
Buildings 27 200 00
Debtors 14 550 00
Capital 39 700 00
96 850 00 120 750 00
Required:
Redraft the Trial Balance with correct heading. [10 marks]
3 The following balances were taken from the books of GMD Limited on 31 December, 2021:
K N
Sales 98 000.00
Stock 1/1/21 8 100.00
Bad debts 4 200.00
Discount allowed 4 000.00
Discount received 6 000.00
Wages and Salaries 30 000.00
Returns inwards 1 000.00
Stock 31/12/21 4 600.00
Office expenses 10 000.00
Commission received 1 500.00
Returns outwards 2 000.00
Purchases 58 800.00
Required:
Prepare the Trading and Profit and Loss Account with correct heading. [20 marks]

ANSWERS FOR GRADE 9 INTERNAL & EXTERNAL BUSINESS STUDIES – 2015 SECTION
A
1. C 6. D 11. B 16. 17. D
2. A 7. B 12. A 18. 19. A
3. A 8. D 13. D 20. D
4. C 9. A 14. C B
5. C 10. C 15. D B
SECTION B
1. (a) (i) Account Department (ii) Reliability
(b) (i) Banda Dr. Allan (ii) Kangwa Catherine

(iii) Maluba Professor CK (iv) Mwelwa Angela
(c) (i) Business Reply Service (ii) Alarm Call
(d) (i) Voluntary (ii) Statutory

(iii) Statutory (iv) Voluntary

2. (a) (i) Credit Transaction (ii) Bank Transaction
(b) (i) 70 Books (ii) K500 + K100 = K600

(iii) k600 – k60 = k540
(c) BOOK OF ORIGINAL ENTRY SOURCE DOCUMENT

(i) Sales Day Book ………………… Copy Invoice
(ii) Purchases Returns Journal ………….. Original Credit Note
(iii) Cash Book (Bank Column) …………… Cheque Counterfoil
(d) Chq. Stand for Cheque
(e) (i) personal A/C (ii) Real Account

(iii) nominal Account (iv) Real Account
(f) (i) K850 (ii) Sales Ledger

(iii) K2 700
3 (a) Certificate of Incorporation is important to a Public Limited Company in the following ways
It is evidence that the company is registered
It recognizes the company as a legal entity body
(b)
COLUMN A COLUMN B
i Keeping of finances in the house other Traditional method
than at the bank
ii Restricting expenditure what is necessary Control measure
only
iii An outline of what the business wants to Goal setting
achieve at the end of an activity
(c) (i) National Budget (ii) Construction - K12 000

(d)
COMMERCIAL BANK CENTRAL BANK

(i) INDO Zambia Bank

(ii) Bank of Zambia
(iii) Finance Bank
(e) WITHDRAW SLIP

Bank
Withdraw Slip
Account Name: Mr.Gondwe Sydney
Account number: 02004102
Withdraw: K500
Amount in words: Five hundred Kwacha only
Signature: S.Gondwe
SECTION C
1. KASUTU SHINKA'S SALES JOURNAL
Date Details F Invoice Total
Amount (K) Amount (K)
2012

July 2 GEMBA
4 cases of milk at K35 each 140.00
15 crates of soft drinks at K96 each 1 440.00
12 pockets of potatoes @K30 Each 360.00
6 boxes of boom at K65 per box 390.00
8 containers of cooking oil at K65 each 520.00
Less 20 % Trade Discount

2 850.00
31 Transfer to Sale Account 570.00 2 280
2 KAZAWALA J'S TRIAL BALANCE AS AT 30TH SEPTEMBER 2014

Details Dr. (K) Cr.(K)
Capital 7 000
Sales 870
Wages 840
Purchases 46
Fixtures 500
Creditors 584
Debtors 95
Motor Van 4 000
Stationery 225
General expenses 1 400
Rent and rates 350
Heating and lighting 550
Drawings 504
Stock 140
Returns inwards 304
8 954 8 954

3 (a) CHIBWE NKANDU'S TRADING AND PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDING
30H JUNE, 2015.
K K K
Sales 25 042
Less; returns inwards 190
Turn over 24 852
Opening stock
550
Purchases 9 568
Add; carriage inwards 184
9752
Less; returns outwards 107
9 645
Total goods available
Less; dosing stock
Cost of goods sold 9 085
Gross profit 10 195
LESS EXPENSES 1 110
Insurance
Sundry expenses stationery expenses
Rates 15 767
Carriage outwards
2 500
1 100
Net profit
180
215
4 245
11 522

(b) CHIBWE NKANDU'S BALANCE SHEET AS AT 30TH JUNE, 2015.

COST (K) DEP. (K) N.B.V. (K)
FIXED ASSETS
Furniture 3 790 3 790
Motor vehicles 4 500 4 500
CURRENT ASSETSS 8 290 8 290

Stock 1 110
Debtors 3 500
Cash at bank 950 1
Cash at hand 095
LESS CURRENT LIABILITIES

Creditors 6 655
Working capital
Net assets 5 055
1 600
FINANCED BY
Capital
Net profit 13 345
3 658
Less; drawings 11 522
Capital employed
15 180
1 835 13 345

ANSWERS FOR GRADE 9 INTERNAL & EXTERNAL BUSINESS STUDIES – 2016 SECTION
A
1. D 6. A 11. A 16. A
2. B 7. A 12. A 17. C
3. C 8. C 13. B 18. B
4. D 9. C 14. B 19. D
5. C 10. A 15. A 20. A
SECTION B
1. (a) (i) Maintenance (i) Etiquette
(b) (i) Chikumbutso VJ (ii) Gondwe LN

(ii) Richard A (iv) Sonaji MJ
(c) (i) True (ii) True
(d) (i) Time rate (ii) Bonus rate

(iii) Flat rate (iv) Commission rate
2. (a) (i) True (ii) False
(b) (i) K2950.00 (ii) K2100.00

(iii) K680
(c) (i) Receipt or Cheque counter foil (ii) invoice

(iii) Duplicate credit note
(d) Carbon copy
(e) (i) Nominal A/C (ii) Personal A/C (iii) Real A/C (iv) Personal A/C

(f) (i) Debtor (ii) K5570

(ii) K48 610 (iv) Sales (Debtors) Ledger
3. (a) (i) True (ii) True (iii) True (iv) True (v) True
(b) (i) Guide

(ii) Control Measure
(iii) Transparency
(c) K3 487.5
(d) (i) Drawee: Maddi Bank Zambia Limited

Drawer: L. Mwetwa
(ii)
DEPOSIT SLIP
Account name:
Account No. 04111720112167
Branch:
Date:
Notes Amount (K) Ngwee (N)
K100 1500 00
K50
K20
10
K5
K2
K1
TOTAL 1500 00
Amount in words: One thousand five
hundred kwacha only
M.S E.C
Customer Signature Teller
SECTION C

1. E. HAMAKOB0'S CASH ACCOUNT

DATE DETAILSS F DR (K) CR (K)
2014 Jan.
1 Capital 9000
3 Purchases 2000
8 Rent 1500
10 Sales 3000
17 Sundry expenses 550
25 Purchases 1500
31 Motor vehicle 2000
31 Balance c/d 4450
12 000 12 000
Feb 1 Balance b/d 4450
2 HAMPEYO'S TRIAL BALANCE AS AT 31ST DECEMBER, 2014

DETAILS DR (K) CR (K)
Sales 150 140
Machinery 74 800
Debtors 15 200
Creditors 8 500
Purchases 90 500
Capital 25 000
Bank overdraft 2 460
186 100 186 100
3. (a) MVUNGA'S PROFIT AND LOSs ACCOUNT FOR THE YEAR ENDING 31st ECEMBER, 2014.
K K K

Gross profit 3785

ADD INCOME
Discount received 81
Commission received 65
Rent received 170
316
LESS EXPENSES
Wages and salaries
Discount allowed
Bad debts
Stationery 95
Advertising expenses 64
96
Net profit 127
217
1049
3052
(b) MVUNGA'S BALANCE SHEET AS AT 31ST DECEMBER, 2014.
COST (K) DEP (K) N.B.V. (K)

FIXED ASSETS
Buildings 1953 1953
Equipment 549 549
Plant and machinery 1540 1540
4042 4042
CURRENT ASSETS
Stock 1950
Debtors 2160
Cash in hand and at bank 1372

5482
LESS CURRENT LIABILITIESS
Creditors 1285
Working capital
Net assets 4197
FINANCED BY; 8239
Capital 5167
Add; Net profit 3052
ADD LONG TERM LIABILITY

8219
Bank loan
1000
Less; Drawings
9219
980
Capital employed
8239
ANSWERS FOR GRADE 9 INTERNAL BUSINESS STUDIES – 2017 SECTION

A
1. D 6. D 11. C 16. D
2. B 7. C 12. B 17. A
3. C 8. A 13. A 18. D
4. C 9. D 14. D 19. A
5. B 10. B 15. A 20. B

142
SECTION B
1. (a) (i) True (ii) False
(b) (i) 10598147 CA (ii) 13764165 - IT (iii) 13774166 - BD (iv) 22116035- BC
(c) (i) Recorded Delivery (ii) Internet

(d)
GROUP A GROUP B
Payment according to the amount of work done Piece rate
Fixed payment plus all allowances Gross salary
Payment according to the hours worked Time rate
Number of hours that a worker is contracted to work per week Normal time
2. (a) (i) Barter transaction (ii) Cash transaction
(b) (i) KB5 (ii) 20 (iii) K8 620
(c) Credit note

MUYUNDA
Date…………………………...
Zimba
Qty. Details Unit price (K) Total price (K)
500 Packets of pens 50 25 000
Reason; wrong colour
(d) By way of
(e) (i) nominal A/C (ii) Real A/C (ii) Personal A/C (iv) Real A/C
(f)
Account debited Account credited
(i) Purchases Bank
(ii) C. Chanda Sales
(iii) Cash Bank
(iv) Sales J. Zulu
3. (a) (i) Honest; Always telling the truth to customers.

142
Reliable; being able to complete assignments on time and well

Courtesy; display of good manners, being polite and kind to workmates
and clients
Integrity; adherence to laws and regulations of the business.
Loyalty;
(b) (i) control measure - allocation of resources - guide - performance evaluation
(ii) BWALE'S BUDGET
Details K K
INCOME
Salary 3 500
Rent received 2 200
5 700
LESS; EXPENDITURE
Groceries
Transport 4 000
300
4 300
Surplus 1 400
(c) (i) PAYEE; Mapalo Goodson DRAWER; F. Daka

DRAWEE; XYZ Bank Ltd
(ii) Balance on 10th June, 2015 was K18 000
Balance on 15TH June, 2015 was K16 500 SECTION C
1. NATASHA'S JOURNAL PROPER
Date Details Inv. No. Dr (K) Cr (K)
2016
April 1 Freehold land and buildings 2 500
Fixtures and fittings 400
Stock 140
Trade debtors 250
Cash at bank 120
Trade creditors 200 3
Capital 210
Being assets and liabilities as at 3 410 3410
this date

142
2 Z. TEMBA'S TRIAL BALANCE AS AT 31ST DECEMBER, 2014.

Details Dr. (K) Cr. (K)
Sales 21 550
Purchases 13 500
Returns inwards 450
Carriage inwards 1000
Rent 2000
Debtors 5 500
Creditors 1 550
23 250 23250
3. (a) R.CHOLA'S TRADING AND PROFIT AND LOSS ACCOUNT FOR THE YEAR
ENDING 31ST DECEMBER, 2015.
K K K
Sales 42 830
Less; returns inwards 220
Nets sale (Turn over) 42 610
Opening stock 4 790
Purchase 16 740
Add; carriage inwards 60
16 800
Less; returns outwards 410
16 390
Total goods available
Less; closing stock 21 180
Cost of goods sold 3 030 18 150
Gross profit
ADD INCOME
Rent received
24 460
LESS EXPENSES
640

142
Wages and salaries 25 100

Advertising
2 180
Net profit 240
12 730
12 370
(b) R. CHOLA'S BALANCE SHEET AS AT 31ST DECEMBER, 2015.

COST (K) DEP. N.B.V
(K) (K)
FIXED ASSETS
Premises 48 000 48 000
Buildings 20 500 20 500
68 500 68 500
CURRENT ACCOUNTS 3 030
Stock 3 240
Debtors 3 010
Bank 70
Cash in hand 9 350

Creditors 2 870
Working capital 6 480
Net assets
FINANCED BY; 74 980
Capital 64 950
Add; Net profit 12 370
ADD LONG TERM LIABILITY 77 320

Loan from ZANACO
6 020
Less; Drawings 83 340
Capital employed
8 360
74 980

142
ANSWERS FOR GRADE 9 EXTERNAL BUSINESS STUDIES – 2018

1. A 6. B 11. C 16. C
2. B 3. 7. C 12. B 17. B
B 8. B 13. A 18. C
4. B 9. D 14. B 19. B
5. C 10. A 15. C 20. B
SECTION B
1. (a) (i) Reliability
(ii) Legal
Department
(b) (i) 247 A. Kalidas
(ii) 344 R.
Hodgson
(ii) 427 M. Hess
(iv) 456 T. Gibson
(c)
Column A Column B
(i) Used for sending valuables Registered
like cash notes and mail
certificates
(ii) Used for sending tapes and Data post
diskettes
142
(iii) Use to send and receive Facsimile

exact copies of pictures
through telephone
(d) (i) Statutory Deductions; these are deductions which are imposed by law e.g. PATE
Pensions (NAPSA), Personal Levy e.t.c.
(ii) Voluntary Deductions; These are deductions which are made only with the consent
the employee e.g. Club subscriptions, loans, e.t.c.
2. (a) (i) Credit Transaction

(ii) Cash Transactions
(b) Goods Received Note

DAZA PRIVATE SCHO0L
Date: 02/03/2017 Supplier: Ligo's.Stationery.Ltd
Qty Description Reference

100 Reams of bond paper P1
150 Boxes of chalk C2
Received by: Chishimba
(c) Invoice Note

Mbamu
Date:
Nasimy 06/02/2017
Qty. Description Unit Price Total Amount (K)
(K)
5 Reams of bond paper 50.00 250.00
10 Boxes of chalk 10.00 100.00
Total 350.00
(d) C/o stands for Care Of
(e) (i) Real Account (ii) Nominal A/C (iii) Personal (iv) Real (f)
Account Debited Account Credited
(i) Motor Van Bank

142
(ii) Bank Sales
3. (a) (i) Loans (ii) Personal Savings

(iii) Friends and relatives (iv) Leasing
(v) share capital
(b) (i) – Savings - Investments - Budgeting
(ii) K15 450 + X + K8 910 + K17 540 = K55 000 X

+ K41 810 = K55 000
X = K13 190, Therefore, Groceries = K13 190
(c) (i) Savings Accounts; This an account which provides a safe place for people to
keep their money until they need it. It is intended for small savers with regular
incomes.
(ii) Bank Statement

AMB Bank (Z) Ltd
P.O. Box 43005
Mungu
Kunda Musa
P.O. Box 43001
Mongu
Date: 30/09/2016
Date Details Debit (K) Credit (K) Balance (K)
01.09.16 Balance b/f 7 600.00
07.09.16 Drawings 500.00 7 100.00
20.09.16 Salary 4 500.00 11 600.00
29.09.16 Bank charges 150.00 11 450.00
30.09.16 Balance 11 450.00
SECTION C
1. C. KAUMBA'S PETTY CASH BOOK
Date Details PCV Receipt Payment Analysis column

(K) (K) (K)
2017 Stationery Postage Transport Cleaning
June (K) (K) (K) (k)

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1 Imprest 1000.00 50.00

5 Stamps 10 50.00
6 Envelops 11 30.00 30.00
10 Disinfectant 12 150.00 150.00
11 Sending parcel 13 25.00 25.00
18 Taxi fare 14 35.00 35.00
22 Washing powder 15 118.00 118.00
26 Bus fare 16 75.00 75.00
28 Reams of paper 17 330.00
30 Balance c/d 187.00

1000.00 1000.00 360.00 75.00 110.00 268.00
July1 Balance c/d 187.00
2. TRIAL BALANCE AS AT 315T DECEMBER, 2017.

Stock 200.00
Capital 800.00
Drawings 40.00
Sales 450.00
Purchases 300.00
Debtors 500.00
Creditors 350.00
Advertising 100.00
Motor Van 460.00
1 600.00 1 600.00
3. (a) B. MATANDIKO'S TRADING AND PROFIT AND LOSS ACCOUNT FOR THE
YEAR ENDED 30TH JUNE, 2017.
K K K
Sales 53 850
Less; Returns Inwards 850

142
Net sales (Turn over) 53 000

Opening stock 1450
Purchases 25 450
Add; Carriage Inwards 950
Less; Returns outwards 26 400

450 25 950
Total stock (goods) available
Less; closing stock
Cost of goods sold 26 190
Gross profit 27 400
1210
ADD INCOME
Rent received
26 810
LESS EXPENSES
Insurance 4 000
Salaries and wages
Rates 120
Postage and stationery 1227
1100
Net profit 650
492
3 589
27 221
(b) B. MATANDIKO'S BALANCE SHEET AS AT 30H JUNE, 2017.
COST (K) DEP (K) NBV (K)

FIXED ASSETS
Furniture 19 500 - 19 500
Motor vehicle 13 500 - 19 500

142
33 000 - 33 000
CURRENT ASSETS
Stock 1 210
Debtors 3 850
Cash at bank 11 000

16 060
Creditors
Working capital
9 500 6 560
Net assets
FINANCED BY;
Capital
39 560
Net profit
13 739
Less; Drawings 27 221
Capital employed
40 960
1 400
39 560

A
1. C 6. C 11. B 16. C
2. B 7. D 12. D 17. B
3. D 8. A 13. B 18. C
4. A 9. C 14. C 19. A
5. D 10. B 15. B 20. D
SECTION B

142
1. (a) (i) with (i) (ii) with (i) (iii) with (iv) (iv) with (iii)
(b) (i) 20172014 Kaumba Jane (ii) 20173128 Hanzala Maureen

(iii) 20173978 Chiyaze Peter (iv) 20176204 Mwape Allan
(c) (i) Money order (ii) Courier service
(d) (i) A wage is a payment for work done. It may be paid for hours and it is earned
by unskilled workers.
(ii) A salary is a fixed amount of money paid to skilled workers every month.
It is stated in the conditions of service.
2. (a) (i) Bank Transaction or Cash Transaction (ii) Credit Transaction

(b) Cheque
BMK Bank
Date: 07/02/2017
Pay: Mudenda Joshua
Amount in words: Three Thousand five hundred kwacha only.
K3 500.00
Banda Dalitso
(c) Receipt
Receipt
Date: 03/02/2018 Received from: George Phiri
The sum of: Two thousand four hundred kwacha only K3500.00
Cashier: C Bwalya
Cheque No. 000471
(d) Board of Directors
(e) (i) Personal A/C (ii) Nominal A/C (iii) Real A/C (iv) Nominal Account
(f) Nchimunya's Account
DATE Details F Dr (K) Cr (K)
Sept 2017
1 Balance b/f 800.00

142
4 Sales Journal 1000.00

20 Bank 1500.00
30 Balance c/d 300.00
1800.00 1800.00
1 Oct Balance b/d 300.00
3. (a) (i) Self-confidence means one must believe in one self to achieve desired objectives
/goals. One must trust or believe that the business will succeed as all cost.
(ii) Open minded and flexible one should be able to receive advice and be
able to decide what type of advice to take seriously. One should also be to
look for opportunities and should be able to change depending on the
situation.
(iii) Passionate - One should have strong feelings or beliefs in his business idea.
One must genuinely lovely the type of business idea.
(b) (i) National Budget - It is a plan showing government projected income and
expenditure. It is prepared at the end of each financial year. (ii) Bunda's Budget
Details K K
INCOME
Salary 10 500.00
Gift from a friend 2 250.00
12 750.00
LESS EXPENDITURE
Lighting and heating
1 000.00
Food and transport
6 500.00
Total Expenditure 7 500.00
Budget surplus
5 250. 00
(c) (i) Automated Teller Machine (ATM) (ii) Withdraw Slip

KGM Bank (Z) Limited
Date: 25/06/2017
142
Name of Account: Richard Zuze

Account No. 004151 Amount
withdrawn:
K2500.00
Amount in words: Two thousand five hundred kwacha
only Signature: R. Zuze
2018 Internal SECTION C

1. Mukuma Enterprise's Petty Cash Book
Date Details PCV Receipts Total Analysis column
No. Payment
Jan Postage Transport Stationary Cleaning
2018 K K K K K K
1 Imprest 2 500.00 200.00

2 Stamps 200.00
10 Bus fare 220.00 220.00
12 Envelops 130.00 130.00
13 Taxi fare 140.00 140.00
15 Toilet disinfect 120.00 120.00
16 Hand sanitizer 180.00 180.00
30 Reams of paper 600.00 600.00
31 Balance 910.00
2 500.00 2 500.00 200.00 360.00 730.00 300.00
1 Feb Balance 910.00
2. N. TEMBO'S TRIAL BALANCE AS AT 31ST NOVEMBER, 2014

Details Dr. (K) Cr.(K)
Sales 11 800.00
Machinery 15 400.00
Debtors 4 200.00
Creditors 6 200.00
Insurance 8 000.00
Purchases 2 500.00
Capital 10 000.00
Overdraft 7 100.00
35 100.00 35 100.00

142

142
3. M SILUMBU'S BALANCE SHEET AS 31ST DECEMBER 2016.

Cost K Dep. K NBV. K
FIXED ASSETS
Machinery 19 500.00 19 500.00
Office equipment 12 650.00 12 650.00
Furniture 16 500.00 16 500.00
Fixture and fittings 13 550.00 13 550.00
Total fixed assets 62 200.00 62 200.00
CURRENT ASSETS
Closing stock 2 500.00
Debtors 9 300.00
Cash in hands 2 438.00
TOTAL current assets 14 238.00
LESS: current LIABILITIES
Creditors 7 250.00
Total current liabilities 8 350.00
Working capital 5 888.00
Net assets 68 088.00
FINANCED BY;
Capital 65 900.00
Add; net profit 11 988.00
77 888.00
Less; drawing 9 800.00
Capital employed 68 088.00
WhatsApp: WhatsApp: 0972211140 / CALL 0953806374 OR EMAIL: boydbanda11@gmail.com Page 115

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POWER POINT IN BUSINESS STUDIES (2015 – 2022) DON’T POST OR SHARE IT ON SOCIAL
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ANSWERS FOR GRADE 9 EXTERNAL BUSINESS STUDIES – 2019 SECTION

A
1. C 6. A 11. C 16. D
2. D 7. B 12. A 17. A
3. A 8. C 13. B 18. D
4. D 9. B 14. C 19. B
5. C 10. D 15. B 20. C
SECTION B
1 (a) (i) Human Resource Department or Personnel Department (ii)
Human Resource Manager or Personnel Manager
(b) (ii) Newspapers received on 1st March, 2015

(iv) News letters received on 3rd March, 2015
(i) A letter received from Mwaka on 4th March, 2015
(iii) An application letter received on 10th March, 2015
(c) (i) Telegram (ii) Fax (fascimile)
(d) (i) false (ii) True (iii) True (iv) True
2 (a) (i) Transactions in which payment for goods and service is differed
to a later date.
(ii) Transactions in which payment for goods and services are made by cash
(b) (i) K600.00 (ii) K60.00 (iii) K3 600.00

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(c)
MCB Bank (Z) Ltd
Cairo Road, Lusaka
Date: today's date
Pay: Gerald Mbewe or order
The sum of Nine Hundred Kwacha only K900.00
Mwewa Mubanga
011711-0047048117-00478111
(d) Viz- namely

(e) (i) Personal Account (ii) Real Account
(iii) Nominal Account (iv) Nominal A/C
(f)
Account debited Account credited
(i) Office Furniture A/C Bank A/C
(ii) Cash A/C Bank A/C
3. (a)
COLUMN A COLUMN B
(i) How much is needed to start a business Capital
(ii) Consideration on when the business will open and close Trading hours
(iii) Traders selling similar goods Competitors
(iv) Decide on how to inform customers about goods Advertising
(v) Where to sell the goods Locality
(b) (i) Guidance -shows you how much you spend, how you spend, what you
spend your money on. Helps understanding one's spending habits.
(ii)
K K
INCOME
Salary 5 000.00
Housing allowance 1 000.00

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6 000.00
LESS EXPENDITURE
Electricity 300.00
Groceries 1700.00
2 000.00
Surplus 4 000.00
(c) (i) Credit Card; It is a service that allows a card holder to buy goods and
services without paying cash for them at the time of purchase. It is issued by the
bank.
(ii) Withdraw Slip
ABK Bank (Z) Ltd
Date: 14/03/2016
Branch: Solwezi
Account Name: Mwila Chiti
Account No. 02301
Amount of withdraw in figures:
K4 000.00
Amount in words: Four Thousand Kwacha only Signature:
M.Chiti
2019 (EXTERNAL) - SECTIONC

1. Kumwenu Taka's Purchases Day Book
Date Details Invoice Amount Total
No. (K) price (K)
2016 Dec
1 Nalumba
10 boxes of Chalk @ K12.00 each 120.00
80 board dusters @ K15.00 each 1200.00

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Less; 10% Trade Discount 1320.00

132.00 1188.00
21 Chimbe
Goods @K2000.00
Less; 5% Trade Discount 2000.00
100.00 1900.00
31 Ntakaila
50 exercise books @ K10.00 each 500.00
31 Purchases Account 3588.00
2. Mbabara Collins' Trial Balance As At 31st March, 2016

DETAILS K K
Cash 6 500.00
Bank 13 700.00
Capital 12 600.00
Sales 18 600.00
Purchases 5 400.00
Stationery 1 200.00
Salaries 4 400.00
31 200.00 31 200.00
3. (a) Mwale’s profit and loss account for the year ended 31 August, 2016
K K K

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Gross Profit 678.00

ADD INCOME
Rent received 60.00
1018.00
LESSEXPENSES
Office salaries
Discount allowed 245.00
Bad debts 130.00
Rates and Insurance 45.00
129.00 549.00
Net profit
469.00

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(b) MWALE'S BALANCE SHEET AS AT 31ST AUGUST 2016
COST (K) DEP (K) NBV (K)

FIXED ASSETS 700.00 700.00
Premises 550.00 550.00
Plant and machinery 104.00 104.00
Office equipment
1354.00 1354.00
CURRENT ASSETS
Stock 1275.00
Debtors 1944.00
Cash in hand and at bank 347.00

Creditors 3566.00
Working capital
2980.00
Net assets 586.00
FINANCED BY
Capital
Add; net profit
4334.00
Less; drawings 4160.00
Capital employed
469.00
4629.00
295.00 4334.00

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A
1. B 6. A 11. C 16. C
2. C 7. D 12. A 17. D
3. B 8. A 13. B 18. C
4. A 9. D 14. A 19. B
5. B 10. B 15. B 20. C
2019 (Internal) - SECTION B

1. (a) (i) Human Resources Department (ii) Administration Department
(b) (i) 24th March, 2017 Sakala Alice (ii) 24th June 2017 Moonga Nelson
(iii) 4 August, 2017 Zyambo Mercy (iv) 1st October, 2017 Nyambe James
(c) (i) Poste restante (i) Cash On Delivery
(d) (i) Pension contributions (ii) Personal Levy

(iii) Pay As You Earn (iv) National Pensions Schemes Authority (NAPSA)
2. (a) (i) Bank Transaction (ii) Credit Transaction

(b) OERDER
J.M. Company Order No. 024
Mongu Date: 24h April, 2017
To: Munalula General Dealers
Mongu
Please supply the following:
Qty Description Unit price Total
20 Camp chairs K120.00 K2 400.00
Ordered by: Nchimunya

(c) Cash Sales Slip
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Time: 14:30 hrs Date: 10/03/2017

Description Total (K)
Mealie Meal 100.00
Cooking oil Total 90.00
amount: 190.00
Cash: 200.00
Change: 10.00
(d) Chief Executive Officer
(e) (i) Nominal A/C (ii) Nominal A/C (iii) Real A/C (iv) Personal Account
(f)
S/N Account debited Account credited
(i) E. Banda Bank
(ii) Cash Sales
(iii) Motor Van M.K. Motors
(iv) Bank Cash
3. (a) Executive Summary, Business objectives, staffing, marketing plan, logo on the Cover
business idea, table of content, product description, location, equipment, organization
structure, startup capital, type of business, costing items
(b) (i) mwitwa's budget

Details K K
INCOME 10 200.00
Less; Expenses
Groceries 1 200.00
Cleaning materials 3 500.00
Stationery 1 500.00
Total Expenses 6 200.00
Budget surplus
4 000.00
(ii) Personal Bank Account Traditional method [Anyone]

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(c) (i) Investment Account is an account where one keeps money for longer period
of time to earn interest that one would not get in an ordinary account. The interest is
tax free.
(ii)
DEBIT CARD
Bank Name: WXZ Bank
Serial No.
Valid from: 01/04/15 Expires: 31/03/2020
Name of Account holder: Cephas Zimba
2019 INTERNAL SECTIONC
1. SIMUKONDA'S THREE COLUMN CASH BOOK
Date Details f Cash Bank Discount
Feb, 2017 Dr.(K) Cr.(K) Dr.(K) Cr.(K) Allow (K) Recei (K)
1 Balance b/f 480.00 150.00
5 Moya 245.00 5.00
8 Wages 110.00
10 Bank / Cash c 250.00 250.00
20 Sales 120.00
28 Bwalya 10.00
28 Balance c/d 595.00 280.00
845.00 845.00 400.00 400.00 5.00 2.00
1, Mar Balance b/d 595.00 280.00
2. TRIAL BALANCE AS AT 31ST OCTOBER, 2017
Cash at bank 1 050.00
Wages and salaries 800.00
Fixtures and fittings 1 600.00
Capital 7 000.00
Sales 4 100.00
Purchases 9 150.00
Drawings 500.00
Creditors 2 000.00
13 100.00 13 100.00
3 (a) SIAME'S TRADING AND PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED
ST
31 DECEMBER, 2017
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K K K
Sales 8 400.00
Less; sales returns 400.00
Net sales 8 000.00
Opening stock
Purchases 2600.00 4 000.00
Less; purchase returns 600.00
Net purchases
Cost of goods available 2 000.00
Less; closing stock
Cost of sales 4 500.00
Gross profit 6 000.00
LESS EXPENSES 1 500.00
Advertising
Insurance
Rent 3 500.00
Printing expenses
1 200.00
Stationery
800.00
Bad debts
500.00
400.00
Net profit
200.00
300.00
3 400.00
100.00
(b) B. SIAME'S BALANCE SHEET AS AT 315T DECEMBER, 2017

Cost (K) Dep. (K) NBV (K)
FIXED ASSETS
Buildings 3900.00 3900.00
Machinery 4300.00 4300.00
8200.00 8200.00

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CURRENT ASSETS
Stock 1500.00
Debtors 1400.00
Cash in hand 600.00
Less; Current Liabilities 3500.00

Creditors 1100.00
Bank overdraft 700.00
Working capital 1800.00 1700.00

Net assets
FINANCED BY
Capital
Add; Net profit 9900.00
10 800.00
Less; drawings
100.00
Capital employed
10 900.00
1000.00 9900.00

A [20 marks]

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1 D 6 A 11 A 16 A
2 A 7 D 12 D 17 B
3 C 8 free, 13 B 18 C
4 C 9 B 14 C 19 B
5 B 10 C 15 D 20 C
SECTION B
1 (a) (i) 2005 Zimba (iv) (ii) 2115 Solwezi (i)
(iii) 2150 Mongu (ii)
(iv) 2500 Chama (iii)
(b) (i) Mobile phone (ii) Data post
(c) (i) A detailed statement of a worker's

monthly income (i) payslip
(ii) A document showing the time each worker logged in and out of the work
place (ii) Time card
(iii) Type of pay according to the amount of
work done (iii) flat rate
(iv) A worker's pay before any allowances
are added. (iv) basic pay
OR
(i) with (iii)
(ii) with (iv)
(iii) with (i)
(iv) with (ii)
2 (a) DELIVERY NOTE

ORDER NO. 0075 DATE: 20/08/2019
DELIVERED TO: KNA Enterprise
Qty Description Reference No
40 Reams of paper 920
10 Riso ink 850
REMARKS: Goods received in good condition RECEIVED
BY: KAIRA J.
STORES OFFICER
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(b) RECEIPT
NGWATA SECONDARY SCHOOL
NDOLA
DATE 20/04/2020
RECEIVED FROM: Bwaya kaniki
The sum of: One thousand Two Hundred Kwacha only
K1 200.00
RECETVED BY: Chiyesu Sachi
ACCOUNTANT
3 (a) (i) Checking change given by a shop attendant after buying goods or services
(iii) Keeping bank Personal Identification Number (PIN) to yourself (iv)
Reading the terms and conditions of contracts before signing them. (vi) Being
careful before taking part in free internet promotions or trial offers (viii) Never send
money to somebody you do not know very well.
OR
(i)
(iii) (iv)
(vi)
(viii)
(b) CHANDA'S BUDGET FOR NOVEMBER, 2019
Details K N K N
INCOME
Salary 8 000 00 00
Rent from tenant 2 500 00 00
EXPENSES
Transport charges 10 500
Household groceries 1 000 00
4 000 00
Surplus

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5 000
5 500 00
(c)
ABZ BANKZ) LTD
DATE: 26/04/2020
ACCOUNT NAME: Mwenda. Nalwenda
ACCOUNT NUMBER: 04700414
Notes No. of Notes K N
100
50 15 750 00
20
10
5 110 550 1 00
300 00
AMOUNT IN WORDS: One Thousand Three Hundred kwacha only
RECEVED BY: Tando
SECTION C
1 (a) PURCHASES JOURNAL
INV Unit Price Total price
Date Details No. K N K N
15/06/19 Chiluba Enterprises
10 office chairs @ K2 000 each 20 000 00
Less: 10% trade discount 2 000 00

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18 000 00
20/06/19 Mubiana Ltd 2
2 office curtains @ K5 000 10 000 00
20 office tables @ K1 000 each 20 000 00
30 000 00
Debit Purchases Account
48 000 00
(b) RENT ACCOUNT

Dr Cr
Date Details F K N K N
Jun 3 Cash 800 00
20 Bank 900 00
30 Balance 1 700 00
1 700 00
July 1 Balance 1 700 00 1 700 00
1 700 00
2 TRIAL BALANCE AS AT 30 SEPTEMBER, 2019.
Details DEBIT CREDIT

K N K N
Capital 28 840 00
Cash at hand 3 500 00
Purchases 8 800 00
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Sales 9 200 00
Motor van 8 700 00
Wages and salaries 15 800 00
Debtors 4 770 00
Creditors 3 530 00
41 570 00 41 570 00
3 D. NTWATWA
TRADING, PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDING 30 JUNE 2020
K N K N K N
Sales 97 000 00
Less: Returns inwards 540 00
TURN OVER 4 100 00 96 460 00
COST OF GOODS SOLD
Opening Stock
Purchases 56 900 00
Add Carriage Inwards 480 00

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TOTAL PURCHASES 57 380 00

Less: Returns Inwards 520 00
NET PURCHASES 56 860 00
TOTAL STOCK AVAILABLE
60 960 00
Less: closing stock
1 960 00
COST OF GOODS SOLD 59 000 00
GROSS PROFIT
Add: Income/Gains 37 460 00
Discount Received
Commission Received 25 255 00
Total: Income/Gains 18 950 00
GROSS INCOME 44 205 00
Less: Expenses/Losses
Discount Allowed 81 665 00
Rent and Rates
3 400 00
Salaries and Wages
13 650 00
Carriage outwards
21 975 00
Postage
11 350 00
Stationery
3 990 00
Advertising
1 150 00
Insurance
2 850 00
Electricity expenses
7 550 00
TOTAL EXPENSES/LOSSES
4 750 00
NET PROFITT
70 665 00
11 000 00
ANSWERS FOR GRADE 9 BUSINESS STUDIES – 2021 INTERNAL


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1. B 6. B 11. A 16. B
2. B 7. D 12. C 17. D
3. C 8. A 13. B 18. C
4. D 9. D 14. C 19. A
5. A 10. B 15. B 20. B
SECTION B
1 (a) Dismissal letter on 12 May 2020 or (iii) Promotion
letter on 8 May 2020 or (ii)
Retirement letter on 10 May 2020 or (v)
Transfer letter on 13 May 2020 or (i)
(b) (i) Express mail

(ii) Telegram
(c) (i) A document containing allowances from an

employee's earnings with Pay
Slip or (i) with (iii).
(ii) A compulsory deduction from an employee's salary with Statutory
Deduction or (ii) with (iv).
(iii) A record showing a summary and breakdowns of denominations needed
to pay workers with Wage Sheet or (iii) with (ii).
(iv) A record showing an employee's hours worked per week with Time Card or
(iv) with (i).
2 (a) PETTY CASH VOUCHER
Payment for: Pencil's DATE: 4 July 2020

Amount in words: Forty kwacha only
Amount in figures: K40.00
Prepared by: Musonda M
Authorised by: Mubiana K
(b) INVOICE NOTE

ABC ENTERPRISE LIMITED DATE: 04/08/2020
LUSAKA ORDER NO: 00114
TO: DMK LIMITED, CHINGOLA

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Quantity Description Unit Total

Price Price
K N K N
120 Wheel barrows Bags 250 00 30 000 00
70 of cement 85 00 5 950 00
35 950 00
E&OE
3 (a) (i) Form of business
(ii) Executive Summary
(iii) Financial Planning
(iv) Marketing Plan
(v) Business Idea
(b) Sibongile's Budget

Details K N K N
INCOME
Salary 11 000 00
EXPENSES
Donation to Charity 10 000 00
General expenses 5 100 00
6 100 00
4 900 00
(c) BANK STATEMENT

ABU BANK LIMITED
PERIOD: 1/07/2020 – 31/07/20
MADALITSO
Date Details Debit Credit Balance
K N K N K N
1/1/20 Balance b/f 2 000 00
10/1/20 Deposit 150 00 2 150 00
31/1/20 Bank 250 00 1 900 00
charges
SECTIONN C
1 (a) NJEKWA'S SALES RETURNS JOURNAL/ DAY BOOK
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Date Details Credit Unit Price Total price

No. K N K N
14/01/19 Simwanza
6 cases of Pure Joy @ K150.00 per 900 00
case
Less: 10% trade discount 90 00
Being damaged goods in transit 810 00
Tembo
29/01/19 8 packets of paper @ K700.00 700 00
Being wrong size of paper 700 00
Sales Returns Account (DR) GL
1 510 00
(b) MOTOR VEHICLE
Date Details F Dr Cr
K N K N
10/04/20 Cash 10 000 00
30/04/20 Cash 15 000 00
30/04/20 Balance c/d 25 000 00
25 000 00 25 000 00
01/05/20 Balance b/d
25 000 00
2 MOONO'S TRIAL BALANCE AS AT 30 NOVEMBER 2020

Details CREDIT DEBIT
K N K N
Capital 28 040 00
Cash at hand 6 500 00
Sales 10 600 00
Purchases 7 000 00
Wages 16 000 00
Debtors 5 770 00
Loan 6 330 00
Office furniture 9 700 00
44 970 00 44 970 00
3 XYZ FASHION'S
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDING 31/12/2019

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K N K N
Gross profit b/f 20 915 00
Add income
Discount received 279 00
21 194 00
Less expense
Discount allowed 163 00
Salaries and wages 22 456 00
Insurance 545 00
Total expenses
23 813 00
Net loss
(2 619) 00
3 XYZ FASHION'S
BALANCE SHEET AS AT 31/12/2019
K N K N
Assets
Fixed Asset
Premises 34 000 00
Furniture and Fittings 6 000 00
40 000 00
Current Assets
Stock 8 500 00
Debtors 1 655 00
Bank 542 00
10 757 00
Less Current Liabilities
Creditors 876 00
9 881 00

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Working capital 49 881 00

Net assets
Financed by: 51 000 00
Capital 2 612 00
Less: net loss 48 381 00
6 500 00
Less: Drawings 41 881 00
Add long 1Term Liabilities 8 000 00

Bank loan
Capital employed 49 881 00
ANSWERS FOR BUSINESS STUDIES – 2022 INTERNAL

1. B 6. B 11. B 16. C
2. A 7. D 12. C 17. B
3. D 8. A 13. B 18. D
4. C 9. C 14. D 19. A
5. A 10. D 15. A 20. C
SECTION B
1 (a) 15 July 2021, Mathematics question paper
16 July 2021, History question paper
20 July 2021, Arts question paper
28 July, 2021, Commerce paper
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(b) (i) Internet

(ii) Free post
(c)
GROUP A GROUP B
Paying a worker according to the number Time rate
of hours worked.
A wage after deductions Net pay
Deductions not imposed by law Voluntary deduction
A record of total hours worked in a week Time card
2 (a)
CONSIGNMENT NOTE
EWK LOGISTICS
Date: 01/09/2020
To: BMK Limited
Kindly deliver the following goods to PMC Limited
Quantity Description
30 Laptops
50 Desktop computers
PREPARED BY: Bwalya Zulu
(b)
DEBIT NOTE
NPQ LIMITED
DATE: 03/04/2021
VMX General Dealers

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QTY Description DN NO. Unit price Total price

K N K N
10 Bags of flour 250 00 2 500 00
Less 5% trade discount 125 00
2 375 00
3 (a)
COLUMN A COLUMN B
Provision of the same type of goods and services Fairness
to all customers, without any segregation.
Avoidance of the provision of poor quality of Integrity
goods, in order not to endanger the lives of the
customers.
A business environment, which allows customers Dependability
to find the required goods and services at any
given time
A company being able to take care of the needs of Responsibility
the community.
A business environment, that is able to change the Flexibility
type of service being offered in order to suit the
demands of the customers
(b) Chalwe's Budget

Details K N K N
INCOME
Rentals 9 000 00
Wages received 1 500 00
10 500 00
EXPENDITURE
Transport expenses 200 00
Water bills 400 00
Household expenses 4 000 00
Donations to church 500 00
5 100 00
5 400 00

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MEDIA
(c)
CTL BANK
NAME: Dalitso Lungu

ACCOUNT NO: 1802019
CARD NO: 419398032
EXPIRY DATE: 30/10/2021
SECTION C
1 (a) T.SIAME'S SALES JOURNAL
Date Details F Sub Total Total Amount
K N K N
2021 J Langa
Dec 1 20 boxes of reams K240.00 4 800 00
4 704 00
E Chali
Dec 29 10 printer toner K350.00 3 500 00
3 325 00
Credit sales account 8 029 00
(b) JKAUNDA'S LEDGER BOOK

C. Mvula's Account
Date Details F Dr Cr
K N K N
Aug 1 Balance 6 000 00
13 Purchases 10 000 00
25 Bank 11 000 00
31 Balance 5 000 00
16 000 00 16 000 00
Sept 1 Balance
5 000 00

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MEDIA
2 TWALUMBA'S TRIAL BALANCE AS AȚ 31ST DECEMBER 2021

Details DEBIT CREDIT
K N K N
Purchases 42 950 00
Sales 66 850 00
Advertising expenses 10 900 00
Carriage outwards 13 200 00
Buildings 27 200 00
Debtors 14 550 00
Capital 39 700 00
108 800 00 108 800 00
3 GMD LIMITED
TRADA, PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDING 31/12/2021
K N K N
Sales 98 000 00
Less: Returns inwards 1 000 00
TURNOVER 97 000 00
COST OF GOODS SOLD
Opening stock 8 100 00
Purchases 58 800 500 00
Add: Carriage inwards 00
Total Purchases 59 300 00
Less: Returns outwards 2 000 00
NET PURCHASES 57 300 00
TOTAL STOCK AVAILABLE
Less: closing stock 65 400 00
4 600 00

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MEDIA
COST OF GOODS SOLD 60 800 00

GROSS PROFIT 36 200 00
Add: Incomes/gains
Discount received 6 000 00
TOTAL INCOMES/GAINS 7 500 00
TOTAL INCOME
43 700 00
Less: Expenses/losses
Bad debts 4 200 00
Discount allowed 4 000 00
Wages and salaries 30 000 00
Office expenses 10 000 00
Total expenses/losses
48 200 00
NET LOSS
(4 500 00)

of 142

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POWER POINT IN BUSINESS

Instant Revision from E.C.Z Question Papers

WHY SHOULD YOU USE THIS BUSINESS STUDIES BOOKLET?

POWER POINT THE MISSING LINK TO YOUR SUCCESS

Terms and Conditions

2 He / She will NOT be Selling any success booklet in softcopy.

PRIMARY: GRADE 5 – GRADE 7 JUNIOR SECONDARY: GRADE 8 – GRADE 9

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SENIOR SECONDARY: GRADE 10 – GRADE 12

EXAMINATIONS COUNCIL OF ZAMBIA

Business Studies 609/1

2 The filing of documents according to places is known as ..,

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4 One of the reasons why people engage in business is to...

5 The doubling of an A4 size paper results in an ... size paper.

6 Which one of the following is an example of a barter transaction?

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10 Electricity Bill Account is an example of ...

11 Contains records of Customer's Personal Account.

14 Buying of shares in a company is a good example of ...

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17 What do the letters UFS stand for?

19 Which of the following is an example of entrepreneurial activities found in the community?

A (i), (ii), (iii) and (v)

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(b) Arrange the following names in alphabetical order. [2]

(d) Classify the following items into voluntary or statutory deductions.

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2 (a) What type of business transactions are the following?

(i) How many books were ordered. [1]

Book of Original Entry Source Document

(d) What does the abbreviation "Chq" stand for [1]

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3 (a) Explain the importance of the Certificate of Incorporation to a public

(ii) Restricting expenditure to (ii) Traditional what is necessary only

(iii) An outline of what the (iii) Control measure

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(i) What type of budget is this? [1]

2 The following information was extracted from the books of Kazawala J.

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You are required to prepare a Trial Balance as at 30'h September, 2014.

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Stock (30.06.14) 550

Stock (30.06.15) 1,110

Motor vehicles 4,500

Sundry expenses 1,100 sales 25,042

Stationery expenses 250 rates 180

Cash at bank 950

Cash in hand 1,095

Returns inwards 190

Returns outwards 107 Creditors 1,600 carriage

EXAMINATIONS COUNCIL OF ZAMBIA

Business Studies 609/1

3 Hard work and innovativeness are good qualities of A a receptionist.

5 ... is used to make several copies from a stencil.

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7 A catalogue is a good example of ...

8 The source document for the cash book is the ...

10 Motor vehicle account is an example of ...