Page 59 - Book-keeping for Secondary Schools Student’s Book Form One
P. 59
Recording of business transactions
Activity 4.5
Prepare a sample of debit note and demonstrate how to fill it out.
Statement of account
This is the document prepared and sent by the seller to the buyer at the end of every
FOR ONLINE READING ONLY
period (usually each month) acting as a reminder to the buyer to pay the outstanding
balance. The statement of account contains information concerning the details on the
invoices that were issued to the customer during the period, the amount paid by the
customer during the period and the outstanding balance at the end of the period. Figure
4.6 shows a sample of a statement of account.
Company name and address
Statement of accounts
From Date/Month/Year To Date/Month/Year
Account Summary
Opening balance TZS
Invoice amount TZS
Amount paid TZS
Balance due TZS
To: Company name
Address
Date Transaction Details Amount Payment Balance
Figure 4.6: A sample of a statement of account
Activity 4.6
Prepare a sample of statement of accounts and demonstrate how to fill it out.
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