Page 311 - Accountancy_F5

(c) The purchase of machine TZS 2,000,000 is debited to purchase account.
(d) The payment made to Kilaza TZS 1,600,000 was entered on receipts side
of the cash book in error and credited to Kilaza account.

(e) The purchases of office equipment on credit from Moro Electronics TZS
4,500,000 had been completely omitted from our books.
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3. The trial balance of Pemba Store as at 31 December, 2021 showed a difference
st
of TZS 78,300 and debited to suspense account, which was posted to suspense
account. The following were subsequently discovered.

(a) A sales day book has been over casted by TZS 15,000.
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(b) Goods returned by Nungwi Company TZS 22,500 have been entered in
returns outward account.

(c) The purchases ledger has been under casted by TZS 30,000.

(d) A sale of TZS 120,000 to Mr. Daruweshi has been passed through the purchases
account.
(e) Cash received TZS 11,700 from Shadad though entered in cash book, no
transactions were made to Shadad’s account.

(f) TZS 22,000 paid for the service of motor van has been posted to motor van
account.

Required: Prepare the necessary ledger accounts to rectify the above identified errors.

4. The auditing of books of TARECU for the year ended 30 June 2019 revealed
th
the following errors:
(a) A machine purchased for TZS 2,500,000 had been debited to purchases
account.

(b) Goods purchased from Pendo for TZS 250,000 were posted to the account
of Upendo.
(c) An invoice from Samboni for TZS 720,000 was omitted from books of
accounts.
(d) Goods sold to Shomvi TZS 575,000 were recorded in the sales day book as
TZS 557,000.

(e) Wages account was overstated by TZS 900,0000 and commission received
account was understated by TZS 900,000.

Student’s Book Form Five
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