Page 292 - Accountancy_F5

Solution 9.1: Mtakuja Enterprises

General journal (to correct some accounting errors)

Dr Cr
Date Particulars
TZS TZS
FOR ONLINE READING ONLY
Jan. 1 Purchases account 500,000
Mwigazi Ltd 500,000
Being a correction of the omitted credit purchase
LANGUAGE EDITING
from Mwigazi.
LANGUAGE EDITING
Maganga account 250,000
Mganga account 250,000
Jan. 3
Being a correction of sales posted to Mganga
instead of Maganga.

6 Furniture account 1,000,000
Purchases account 1,000,000
Being a correction of the amount charged to the
purchase’s A/C instead furniture A/C.

8 Interest expenses 45,000
Bank A/C 45,000
Being a correction of the amount of interest
recorded as TZS 5,000 instead of TZS 50,000.

12 Sales account 100,000
Salary expenses account 100,000
Being sales account over casted by TZS 100,000
same as salary expenses A/C

18 Creditor’s (supplier account) 700,000
Cash book A/C 700,000
Being a correction of the complete reversal of
entries in the cash book and supplier’s A/C

Student’s Book Form Five
279

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