Page 293 - Accountancy_F5

Dr Cr
Date Particulars
TZS TZS
24 Cash book 270,000
Debtor’s account 270,000
Being the transposition of errors in the respective
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accounts now adjusted with the difference (i.e.
520,000 - 250,000).

In addition to the general journal, example 9.2 illustrates how corrections of accounting
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errors would be reflected in the ledger accounts.
Example 9.2
The following are the financial transactions of Maimuna Enterprises for March, 2022,
which require corrections:

March 4: Goods worth TZS 300,000 were sold to H. Kida, but the transaction
was mistakenly entered under H. Kidaha’s account.
March 7: A credit purchase of TZS 200,000 from Laswai was incorrectly entered
under Swai’s account.

March 10: A commission of TZS 500,000 was received but was erroneously
posted to the sales account.
March 18: A payment of TZS 160,000 made to Upendo was incorrectly entered
on the receipt side of the cash book and credited to Upendo’s account.
March 25: Sales of goods worth TZS 520,000 to Masunya company were
completely omitted from the books.

Required: Make the necessary corrections to the ledger accounts of Maimuna
Enterprises as per the discrepancies noted above.

Student’s Book Form Five
280

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