Page 263 - Accountancy_F5

Dr Hire purchase sales account Cr
Date Details TZS Date Details TZS
“000” “000”

01 Jan. Hire purchase trading 100,000 01 Jan. 2018 Magai Ltd. 100,000
st
st
2018
FOR ONLINE READING ONLY

Dr Bank account Cr
Date Details TZS Date Details TZS
“000” “000”
LANGUAGE EDITING
01 Jan. 2018 Magai Ltd. 40,000
st
31 Dec. 2018 Magai Ltd. 26,000
st
31 Dec. 2019 Magai Ltd. 24,000
st

31 Dec. 2020 Magai Ltd. 22,000
st

Dr Hire purchase interest account Cr
Date Details TZS Date Details TZS
“000” “000”
31 Dec. 2018 Profit or loss 6,000 31 Dec. 2018 Magai Ltd. 6,000
st
st
31 Dec. 2019 Profit or loss 4,000 31 Dec. 2019 Magai Ltd. 4,000
st
st
31 Dec. 2020 Profit or loss 2,000 31 Dec. 2020 Magai Ltd. 2,000
st
st
Dr Hire purchase trading account Cr

Date Details TZS Date Details TZS
“000” “000”
st
31 Dec. Cost of goods sold 80,000 31 Dec. 2018 Hire purchase sales 100, 000
st
2018 Gross Profit 20,000
100,000 100,000

Student’s Book Form Five
250

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ACCOUNTANCY_DUMMY_23 JUNE.indd 250 23/06/2024 17:36