Page 235 - Accountancy_F5

Debit Credit

Date Description Folio TZS TZS
“000” “000”
April 1 , 2022 Disposal of machinery Acc 13,750
st
Loss on disposal of machinery 1,250
FOR ONLINE READING ONLY
Machinery account 15,000
To remove from the books
the disposed machinery and
record the loss on disposal of
machinery.

Depreciation table

Depreciation
Cost
Date of Type of of 2019 2020 2021 2022 Accumulated
acquisition asset TZS TZS TZS TZS depreciation
asset
“000” “000” “000” “000”
July 4 , 2019 Machine 15,000 1,500 3,000 3,000 750 8,250
th
Statement of 1,500 3,000 3,000 750
P/L LANGUAGE EDITING

Dr Accumulated depreciation account Cr

TZS TZS
Date Details Date Details
“000” “000”
1.4.2022 Disposal of 8,250 1.1.2022 Balance b/d 8,250
machine 8,250 8,250

Dr Disposal of Machinery account Cr
TZS TZS
Date Details Date Details
“000” “000”
01 April Machinery account 01 April Accumulated
st
st
2022 15,000 2022 depreciation 8,250
Cash Loss on 5,500
disposal 1,250

15,000 15,000

Student’s Book Form Five
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