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Entepreneurship Question Paper
Entepreneurship
Course:A-Level
Institution: Mock question papers
Exam Year:2011
P230/1
ENTERPRENUERSHIP
EDUCATION
Paper 1
Nov. /Dec. 2011
UGANDA NATION EXAMINATION BOARD
Uganda Advanced Certificate of Education
ENTERPRENUERSHIP EDUCATION
Paper 1
3 hours
INSTRUCTIONS TO CANDIDATES:
Answer four questions only.
All questions carry equal marks.
Credits will be given for use of relevant diagrams and illustrations.
Any additional question(s) attempted will not be marked.
1. Your motor vehicle washing bay has registered customers’ complaints about delayed services and theft of their properties and motor vehicles parts:
(a) Prepare a programme for one day training and sensitization workshop intended to improve service delivery in your business. ( 6 marks)
(b) Advertise a tender for a new supplier of water to your business. ( 6 mark)
(c) Design a work order form to be used by your customers. ( 6 marks)
(d) Develop new security guidelines to observe at the work place. ( 7 marks)
2. The following were extracted from books of ABU ENTERPRISES LIMITED for the month of November 2010.
Shs
Nov. 1. Bought goods on credit from Addy 30,000,000
2. Bought goods on credit from Peter 34,500,000
3. Sold goods on credit to Omar 43,000,000
5. Some of the goods were returned to Addy 23,000,000
10. Omar returned goods worth 5,200,000
11. Bought goods on credit from John 63,400,000
14. Sold goods on credit to Andrew 36,000,000
16. Credit purchases from Abel 21,000,000
19. Some goods were returned to Peter 32,000,000
21. Andrew returned goods worth 4,500,000
23. Credit sales to Annah 32,000,000
25. Credit purchases from George 21,000,000
28. Annah returned goods worth 1,900,000
29. Credit purchases from Ondoki 53,000,000
31. Returned goods to Levi worth 3,500,000
Required:
(a) Prepare:
I. Sales Day Book, ( 4 marks)
II. Purchases Day Book, (7 marks)
III. Return Inwards Book, ( 4 marks)
IV. Retuned Outward Book. (4 marks)
(b) Post the transaction into the:
I. Purchases Account, (3 marks)
II. Sales Account. (3 marks)
3. You have secured a loan of Shs 100,000,000 to establish a partnership business dealing in rice processing:
(a) Prepare a partnership deed for the business. (6 marks)
(b) Draft a capital expenditure budget for your business. ( 6 marks)
(c) Write a notice inviting prospective partners for a meeting. ( 5 marks)
(d) Prepare a purchase order for a milling machine. ( 8 marks)
4. The following information was extracted from the books of MUTEMA’s for the mount of March 2011.
2011
March 1:
Balances brought down from
February 2011:
Cash balance 290,000
Bank balance 6,540,000
Debtors Account:
K. Onyende 1,200,000
S. Atikwi 2,800,000
S. Mafuta 400,000
Creditors Account:
T. Olupot 600,000
L. Kairo 4,400,000
J. Mukandoli 1,000,000
2. K.Onyende settled his account by cheque less 2.5% cash discount.
5. Sold goods by cheque Shs 2,000,000.
8. Paid J. Mukandoli by cheque after deducting 5% cash discount.
9. Bought goods on credit from Makula and Sons Shs 3,000,000.
11. Withdrew Shs 1,000,000 from bank for business use.
16. S. Atikwi settled her account by cheque less 2.5% cash discount.
18. Sold goods on credit to Kakinda Shs 420,000.
25. Paid wages in cash Shs 920,000.
26. S. Mafuta paid cash less 5% discount.
27. Paid T. Olupot by cheque less 5% cash discounts.
28. Paid Makula and Sons the amount due by cheque less 5% discount.
29. Kakinda paid the amount due from him by cash less 2% cash discount.
30. Paid L. Kairo by cheque less 2.5% cash discount.
Required:
(a) Write Mutema’s Three column Cash Book and balance it off as at the end of the mount.
(12 marks)
(b) Show all the relevant accounts in the:
I. Sales Ledger, ( 5 marks)
II. Purchases Ledger, (5 marks)
III. General Ledger, (3 marks)
5. You wish to expand your small- scale cooking oil processing factory to meet the increasing demand:
(a) Write a letter to District Engineer seeking technical advice on the proposed expansion.
( 6 marks)
(b) Design a financial plan for the expansion of the factory. ( 8 marks)
(c) Prepare an operational budget to finance the expansion of the factory. ( 6 marks)
(d) Draw an organizational chart for the expanded business. ( 5 marks)
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