Page 118 - Book-keeping for Secondary Schools Student’s Book Form One

Book-Keeping for Secondary Schools

Required:
Record the above transactions in the general journal, post the entries to the ledger,
balance the accounts at the end of the month and carry down the balances.

FOR ONLINE READING ONLY
4. You are given the following transactions of Kulindajana.

TZS
2022 January 1 started a business with capital in cash 100,000

2 purchased goods in cash 60,000
2 paid carriage in cash 2,000
10 sold goods in cash 80,000
12 received cash from Eddy 40,000

15 paid electricity bills in cash 10,000
18 cash purchases 40,000
20 paid cash to Shamira 60,000
26 cash drawing 15,000

30 bought a calculator in cash 20,000
Required:
Record the transactions above in the general journal, post the entries to the ledger,
balance the accounts at the end of the month and carry down the balances.

5. Indicate whether the following accounts are nominal, real, or personal accounts.

No. Name of Account Classification

1 Premises
2 Discount on sales
3 Mashaka
4 Shamba Sports club
5 Insurance

6 Stock
7 Commission received
8 Accounts receivable
9 Motor vehicles

10 Wages

110
Student’s Book Form One

Book Keeping Form 1 New 2024 FINAL.indd 110 18/10/2024 10:14