Page 301 - Accountancy_F5

April 4 Makuani account 9,000

Suspense account 9,000
Being amount of TZS 65,000 paid to Makuani,
which had been posted as TZS 56,000 now
corrected.
FOR ONLINE READING ONLY
May 5 Furniture account 2,500,000
Purchases account 2,500,000
Being amount of TZS 2,500,000 used to buy
furniture, erroneously posted to purchases
account now corrected.
July 7 Water bill expenses account 106,000

Suspense account 106,000
Being payment made for a water bill TZS
106,000 that was posted to cash book only

Solution 9.5 (b)

Dr Suspense account Cr

Details
TZS
Date
Details
Date LANGUAGE EDITING TZS
March 3 Mtweve 400,000 Jan. 7 Discount Received 65,000
Discount Allowed 65,000
April 4 Makuani 9,000
July 7 Water expenses 106,000
Difference in trial balance 155,000
400,000 400,000

Example 9.6
On December 31, 2023, the trial balance of ABC Enterprises showed a discrepancy
with a difference of TZS 23,100 on the debit side. By January 15, 2024, all errors were
identified and are detailed as follows:

January 4: Cash amounting to TZS 27,900 was received from Kalumbu. This
transaction was correctly recorded in the cash book but was not entered
in Kalumbu’s account.

Student’s Book Form Five
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