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In the Books of Kasa Ltd
Dr Branch inventory account (at selling price) Cr
Particulars TZS Particulars TZS

Balance b/d (opening 9,000,000 Cash sales 23,000,000
inventory)
FOR ONLINE READING ONLY
Accounts receivable:
Goods invoiced to the credit sales (balancing

branch 36,000,000 figure) 14,000,000
Balance c/d (closing
inventory) 8,000,000
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45,000,000 45,000,000
Balance b/d 8,000,000

Dr Goods sent to the branch account (at cost) Cr
Amount in Amount in
Particulars Particulars
TZS TZS

Transfer to the head 27,000,000 Branch Inventory 27,000,000
office- income statement

27,000,000 27,000,000

Dr Branch accounts receivable account (at selling price) Cr
Particulars TZS Particulars TZS

Balance b/d 2,000,000 Cash 14,500,000
Branch inventory (credit 14,000,000 Balance c/d 1,500,000
sales)

16,000,000 16,000,000
Balance b/d 1,500,000

Student’s Book Form Five
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