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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
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ACCOUNTANCY_DUMMY_23 JUNE.indd 214
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