Page 106 - Book-keeping for Secondary Schools Student’s Book Form One

Book-Keeping for Secondary Schools

Dr Wages account (11) Cr

Date Particulars Folio Amount Date Particulars Folio Amount
24/1/2020 Cash 6 30,000

Dr Drawings account (12) Cr
FOR ONLINE READING ONLY
Date Particulars Folio Amount Date Particulars Folio Amount
26/1/2020 Bank 1 100,000

Dr Sales returns account (13) Cr

Date Particulars Folio Amount Date Particulars Folio Amount

28/1/2020 Trade 8 5,000
Receivables

Dr Rent received account (14) Cr

Date Particulars Folio Amount Date Particulars Folio Amount
29/1/2020 Cash 6 50,000

Exercise 5.3

Enter the following transactions in the general journal and post entries to the ledger
of Mkwaju.
2021 October 1 Started business with TZS 200,000 in the bank.
3 Bought goods on credit from Juma for TZS 15,300 and from
Ndayi for TZS 41,620.
4 Sold goods in cash TZS 19,100.
6 Banked TZS 10,000.
8 Sold goods on credit to Mang’ara TZS 13,740.
9 Mkwaju withdrew TZS 10,000 for personal use.
10 Sold goods on credit to Ramadhani for TZS 4,800.
12 Mang'ara returned goods worth TZS 6,500.
15 Returned to Juma goods worth TZS 5,000.
18 Bought office furniture from Samwi for TZS 50,000 on credit.
20 Sold goods in cash for TZS 20,000.
29 Mkwaju added TZS 50,000 into the business in cash.
30 Paid Juma the balance due.
30 Mang’ara paid the amount due in cash.
30 Banked all cash balances remaining with only TZS 2,000 cash.

98
Student’s Book Form One

Book Keeping Form 1 New 2024 FINAL.indd 98 18/10/2024 10:14