Page 194 - Accountancy_F5

Dr Minimum rent account Cr
Date Details TZS Date Details TZS

31 Dec. 2021 Kahama Gold 1,000,000 31 Dec. 2021 Royalty payable 800,000
st
st
S/workings recoverable 200,000
1,000,000 1,000,000
FOR ONLINE READING ONLY
31 Dec. 2022 Kahama Gold 1,000,000 31 Dec. 2022 Royalty payable 700,000
st
st
S/workings recoverable 300,000
1,000,000 1,000,000
LANGUAGE EDITING
Dr Kahama Gold account Cr
LANGUAGE EDITING
Date Details TZS Date Details TZS
31 Dec. 2020 Bank 1,200,000 31 Dec. 2020 Royalty payable 1,200,000
st
st
31 Dec. 2021 Bank 1,000,000 31 Dec. 2021 Minimum rent 1,000,000
st
st
31 Dec. 2022 Bank 1,000,000 31 Dec. 2022 Minimum rent 1,000,000
st
st
31 Dec. 2023 S/workings recoverable 100,000 31 Dec. 2023 Royalty payable 1,100,000
st
st
Bank 1,000,000
1,100,000 1,100,000
31 Dec. 2024 S/workings recoverable 250,000
st
31 Dec. 2024 Bank 1,000,000 31 Dec. 2024 Royalty payable 1,250,000
st
st
1,250,000 1,250,000
Dr Short workings recoverable account Cr
Date Details TZS Date Details TZS
31 Dec. 2021 Minimum rent 200,000 31 Dec. 2021 Balance c/d 200,000
st
st
1 Jan. 2022 Balance b/d 200,000 31 Dec. 2022 Balance c/d 500,000
st
st
31 Dec. 2022 Minimum rent 300,000
st
Balance b/d 500,000 500,000
1 Jan. 2023 Balance b/d 500,000 31 Dec. 2023 Kahama Gold 100,000
st
st
31 Dec. 2023 Income statement 100,000
st
1 Jan. 2024 31 Dec. 2023 Balance c/d 300,000
st
st
500,000 500,000
Balance b/d 300,000 31 Dec. 2024 Kahama Gold 250,000
st
31 Dec. 2024 Income statement 50,000
st
300,000 300,000
Sub-lease
The lease agreement sometimes gives rights to the lessee to sub-contract the right for
use of the asset of the lessor. This is known as sub-lease and the person who is sub-
contracted is known as a sub-lessee. The relationship between sub-lessee and the lessee
is similar to that of the lessor and the lessee. In the case of sub-lease, the lessee takes

Student’s Book Form Five
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