Page 130 - Book-keeping for Secondary Schools Student’s Book Form One

Book-Keeping for Secondary Schools

Dr Trade Payables account (4) Cr
Date Details Folio Amount Date Details Folio Amount

14/1/2020 Purchases 10 150,000
returns

18/1/2020 Bank 1 350,000 5/1/2020 Purchases 6 500,000
FOR ONLINE READING ONLY
31/1/2020 Bank 1 210,000 11/1/2020 Purchases 6 240,000
31/1/2020 Balance c/d 30,000

740,000 740,000

1/2/2020 Balance 30,000
b/d

Dr Furniture account (5) Cr

Date Details Folio Amount Date Details Folio Amount

4/1/2020 Bank 1 250,000 31/1/2020 Balance c/d 250,000

1/2/2020 Balance b/d 250,000

Dr Purchases account (6) Cr

Date Details Folio Amount Date Details Folio Amount
5/1/2020 Trade 4 500,000 31/1/2020 Balance c/d 740,000
payables

11/1/2020 Trade 4 240,000
payables
740,000 740,000

1/2/2020 Balance b/d 740,000

Dr Trade receivables account (7) Cr
Date Details Folio Amount Date Details Folio Amount
10/1/2020 Sales 8 120,000 15/1/2020 Sales returns 11 10,000
20/1/2020 Cash 9 80,000

31/1/2020 Balance c/d 30,000

120,000 120,000
1/2/2020 Balance b/d 30,000

122
Student’s Book Form One

Book Keeping Form 1 New 2024 FINAL.indd 122 18/10/2024 10:14