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Dhtm 054:Hosptiality Accounting Question Paper
Dhtm 054:Hosptiality Accounting
Course:Diploma In Hospitality And Tourism
Institution: Kenya Methodist University question papers
Exam Year:2013
KENYA METHODIST UNIVERSITY
END OF 3''RD ''TRIMESTER 2013 (FT) EXAMINATION
FACULTY : EDUCATION AND SOCIAL SCIENCES
DEPARTMENT : EDUCATION
UNIT CODE : DHTM 054
UNIT TITLE : HOSPITALITY ACCOUNTING
TIME : 2 HOURS
Instructions: Answer any four questions
Question One
Distinguish between bookkeeping and accounting.
(2mks)
Outline three characteristics of good accounting information.
(3mks)
Giving relevant examples, explain the importance of accounting in hospitality.
(10mks)
Question Two
Explain the elements of the accounting equation.
(5mks)
Explain the importance of a balance sheet in any establishment. (10mks)
Question Three
State the debit and the credit rule.
(2mks)
What is the importance of a ledger book in any hotel business. (3mks)
Explain the errors not disclosed by a trial balance.
(10mks)
Question Four
Journalize the following transactions of eagles café in the month of January 2012.
(8mks)
Jan 1 invested sh. 40,000 into the business.
Jan 4 bought a catering van sh. 800,000
Jan 6 purchased a fringe shs. 40,000
Jan 10 received shs. 6,000 in fees earned during the month paid rent sh. 5,000
Jan 15 paid rent sh. 5,000
Jan 20 received sh. 3,000 from Waweru
Jan 30 withdrew sh. 1,000 for personal use
Jan 31 paid wages sh. 3000
The following information was extracted from the books of Pelican catering services as at December 31,2010. Prepare a trading, profit and loss account.
(7mks)
Purchases 3,400
Sales 3,800
Insurance 200
Wages 500
Closing stock 2800
Opening stock 2,00
Question Five
State the qualities of good accounting information.
(5mks)
Use the accounting equation to complete the following question. (5mks)
50,000
= ? + 35,000
25,000
= 20,000 + ?
?
= 32,000 + 20,750
30,000
= 10,000 + ?
46,000
= ? + 23,000
Use the following information of café Europa to prepare a balance sheet as at December 31, 2009.
(5mks)
Notes payable 2,500
Cash 6,000
Supplies 400
Accounts payable 4,500
Equipment 8,000
Question Six
On May 1 2011, Mukamburi started up a restaurant business. Use the following transactions to prepare a trial balance.
Jan 1 invested cash. Sh. 5000 into the business
Jan 12 paid rent sh. 400
Jan 13 purchased suppliers on account sh. 700
Jan 16 received sh. 1700 for cleaning fees
Jan 19 purchased supplies sh. 550 cash
Jan 21 paid creditors sh. 500
Jan 22 paid electric bill sh 275
Jan 23 withdrew sh 500 for personal use
Jan 25 received sh 1,100 for cleaning fees
Jan 26 purchased equipment sh 900 cash
Jan 28 paid salaries sh 500
Jan 30 received sh 300 from debtors. (15mks)
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