Page 117 - Book-keeping for Secondary Schools Student’s Book Form One

Ledgers

5 bags of rice @ TZS 30,000
2 bags of wheat flour @ TZS 20,000
Less weight

2. Mkomwa started business on the 1 May 2023 with a capital of TZS 2,000,000 in
st
FOR ONLINE READING ONLY
cash.
TZS
May 2 Bought goods in cash 1,000,000
3 Bought furniture by cheque 200,000
4 Sold goods in cash 500,000
5 Paid advertising charges in cash 50,000
8 Cash sales 1,200,000
10 Bought goods in cash 500,000

15 Paid rent in cash 100,000
18 Purchased goods in cash 80,000
20 Paid wages by cheque 40,000
25 Sold goods in cash 30,000
Required:
Record the above transactions in the general journal, post the entries to the
ledger, balance the accounts at the end of the month and carry down the balances.

3. Sambo started business on the 1 June 2023 with capital in cash TZS 3,000,000
st
TZS
June 3 Bought goods in cash 2,200,000
4 Sold goods in cash 2,700,000
5 Paid carriage by cheque 85,000
10 Cash sales 1,200,000
15 Bought goods in cash 2,500,000

18 Paid rent in cash 120,000
20 Paid for advertising in cash 750,000
22 Sold goods in cash 1,500,000
25 Cash sales 2,000,000
26 Paid wages by cheque 60,000
27 Purchased goods in cash 50,000
28 Sold goods in cash 35,000

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Book Keeping Form 1 New 2024 FINAL.indd 109 18/10/2024 10:14