Page 67 - Book-keeping for Secondary Schools Student’s Book Form One

Recording of business transactions

Exercise 4.2

Record the following transactions in the sales daybook of Mpili and show total
sales for the month of February 2021.
2021 Feb. 4 Sold to Ambwene:
FOR ONLINE READING ONLY
15 boxes of biscuits @ TZS 9,500.
6 cases of beer @ TZS 30,000.
9 Sold to Mangi:
30kgs of milk powder worth @ TZS 6,000.
60 cartons of soap @ TZS 2,000.
12 Sold goods worth TZS 17,000 to Halima.
19 Sold goods to Njiwa TZS 7,500.

19 Sold goods to Paula TZS 1,200.
25 Sold to Mwanahela:

5 sets of table knives, each set has 6 pieces at TZS
1,000 per knife.
200 frying pans set @ TZS 10,000.
100 Casserole (sufuria) @ TZS 5,500.
27 Sold a shirt to Okelo TZS 15,000.
28 Sold goods to Kaseke:
700 bags of cement of 50kg @ TZS 15,500.
120 garden forks @ TZS 4,500.

50 pairs of shoes worth @TZS 13,000.
28 Sold goods to Haruna worth TZS 11,600.

Sales returns daybook or sales returns journal
There is time when goods sold to the customer are returned to the seller. Goods might
be returned by the customer due to several reasons including late delivery, low quality
goods, different types or specifications (colour or size), damaged goods, expired goods
or excessive quantity (oversupplied).

When a customer returns goods to a supplier, the supplier prepares and issues a credit
note as an acknowledgement for the receipt of goods returned. The purpose of the credit
note is to inform the customer that his or her account has been credited to reduce the
amount that was debited to the customer’s account at the time of sale. In this case, a
credit note serves as a source document, and it is used in the preparation of the sales
returns daybook. The sales return journal has the following columns:

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