Page 132 - Book-keeping for Secondary Schools Student’s Book Form One

Book-Keeping for Secondary Schools

Dr Wages account (12) Cr

Date Details Folio Amount Date Details Folio Amount

24/1/2020 Cash 9 50,000 31/1/2020 Balance c/d 50,000
1/2/2020 Balance b/d 50,000
FOR ONLINE READING ONLY

Dr Drawings account (13) Cr

Date Details Folio Amount Date Details Folio Amount
26/1/2020 Bank 1 200,000 31/1/2020 Balance c/d 200,000

1/2/2020 Balance b/d 200,000

Dr Rent received account (14) Cr

Date Details Folio Amount Date Details Folio Amount

31/1/2020 Balance c/d 50,000 28/1/2020 Cash 9 50,000

1/2/2020 Balance b/d 50,000

Dr Other payables account (15) Cr

Date Details Folio Amount Date Details Folio Amount

31/1/2020 Balance c/d 2,500,000 2/1/2020 Buildings 3 2,500,000
1/2/2020 Balance b/d 2,500,000

After posting entries in the ledger accounts and balancing off those accounts, the next
step is preparing the trial balance. The trial balance is prepared using the debit and
credit balances extracted from ledger accounts. Therefore, the trial balance is prepared
as follows:

Jamal

Trial balance as at 31 January 2020
st
S/N Name of account Debit (TZS) Credit (TZS)
1 Bank 8,090,000
2 Capital 14,100,000

3 Building 7,500,000

124
Student’s Book Form One

Book Keeping Form 1 New 2024 FINAL.indd 124 18/10/2024 10:14