Page 296 - Accountancy_F5

Solution 9.3

General journal
Dr Cr
Date Particulars
TZS TZS
Sales account 5,000,000
FOR ONLINE READING ONLY
April 4
Capital account 5,000,000
Drawings account 50,000
8
LANGUAGE EDITING
Sundry expenses account 50,000
Debtor account 150,000
LANGUAGE EDITING
11
Sales account 150,000
Repairs to motor van account 1,500,000
17
Motor van account 1,500,000

Mr. Omoro account 350,000
26
Mr. Moro account 350,000

Exercise 9.1
As an Accountant for Mkunazini Enterprises, you are reviewing financial records
prepared by the organisation’s bookkeeper for various dates in September, 2022. The
transactions are as follows:
Sept. 2: Stationery purchases costing TZS 150,000 from IBAFSA were not recorded
in any account books.
Sept. 6: An electricity bill payment of TZS 20,000 was incorrectly posted to the
account of Elen, a debtor.
Sept. 9: Rent received amounting to TZS 1,000,000 was mistakenly credited to the
creditors account.
Sept. 13: Cash sales valued at TZS 535,000 were inaccurately recorded in the books
as TZS 355,000.
Sept. 18: The salaries account was overstated by TZS 250,000, and the same error
occurred in the sales account.
Sept. 22: Rent payment of TZS 300,000 was correctly debited in the cash book but
incorrectly credited in the rent account.
Sept. 25: Credit sales to Mpwapwa Co. Ltd worth TZS 70,250 were recorded as TZS
70,520 in both the sales account and Mpwapwa Co. Ltd.’s account.
Required: Prepare the general journal entries to rectify these accounting errors, thereby
ensuring more accurate financial records for Mkunazini Enterprises. Please
note that narrations are not required.

Student’s Book Form Five
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