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Solution 7.10
           (a)                 Mwakangale Ledger Accounts will appear as follows:
            Dr                                                           Tractors account                                                                 Cr

                Date       Details            TZS      Date         Details              TZS
            Apr. 1, 2022  Bank           80,000,000  Dec. 31, 2022  Balance c/d      80,000,000
          FOR ONLINE READING ONLY
                                         80,000,000                                 80,000,000
            Jan. 1, 2023  Balance b/d    80,000,000  Dec. 31, 2023  Balance c/d    144,000,000

            Jan. 1, 2023  Bank           64,000,000

                                        144,000,000                                144,000,000
            Jan. 1, 2024  Balance b/d   144,000,000  Dec. 31, 2024  Balance c/d    144,000,000

                                        144,000,000                                144,000,000

            Jan. 1, 2025  Balance b/d   144,000,000

           Dr                            Accumulated depreciation on tractors account (TZS)                      Cr

            31.12.2022     Balance c/d         4,500,000  31.12.2022  Tractors De-
                                                                   preciation         4,500,000
                                               4,500,000                               4,500,000
                           Balance c/d
            31.12.2023 LANGUAGE EDITING                                              4,500,000
                                             14,500,000  01.01.2023
                                                                   Balance b/d
                                                     31.12.2023    Tractors De-        10,000,000
                                                                   preciation
                                            14,500,000                              14,500,000
            31.12.2024     Balance c/d      24,500,000  01.01.2024  Balance b/d      14,500,000
                                                     31.12.2024    Tractors De-        10,000,000
                                                                   preciation
                                                       24,500,000                   24,500,000
                                                     31.12.2025    Balance b/d        24,500,000


           Dr                                                Tractors depreciation account                                                   Cr
            31.12.2022  Accumulated depr. on     4,500,000  31.12.2022 statement of   4,500,000
                        tractors                                     profit or loss
            31.12.2023  Accumulated depr. on    10,000,000  31.12.2023 statement of   10,000,000
                        tractors                                     profit or loss
            31.12.2024  Accumulated depr. on    10,000,000  31.12.2024 statement of   10,000,000
                        tractors                                     profit or loss







                                                                         Student’s Book Form Five
                                                   214



                                                                                            23/06/2024   17:35
     ACCOUNTANCY_DUMMY_23 JUNE.indd   214
     ACCOUNTANCY_DUMMY_23 JUNE.indd   214                                                   23/06/2024   17:35
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