Page 69 - Book-keeping for Secondary Schools Student’s Book Form One
P. 69
Recording of business transactions
June 2 Mambo Ltd. returned 10 packets of rice @ TZS 2,200 because they were
spoiled. Credit note number 01280 was issued.
8 Rudia returned the following goods and a credit note number 01281 was
issued:
3 pairs of running shoes @ TZS 6,000 because they were oversize.
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2 shirts @ TZS 1,200 because they were of the wrong colour.
18 Kifundo Enterprises returned the following goods and credit note number
01282 was issued:
3 boxes of toothpaste @ TZS 2,600 because they were of the wrong type.
2 pieces of writing pads @ TZS 2,350 because they were damaged.
You are required to prepare a sales returns daybook in Kassimu's accounting records.
Solution
Sales returns daybook
Credit Note Credit Note Credit Note
Date Particulars Folio Number Details Totals
TZS TZS
June 2 Mambo Ltd.: SL 1 01280
10 packets of rice @ TZS
2,200 22,000
Spoiled
8 Rudia: SL 2 01281
3 pairs of running shoes @
TZS 6,000 18,000
Oversize
2 shirts @ TZS 1,200 2,400 20,400
Wrong colour
18 Kifundo Enterprises: SL 3 01282
3 boxes of tooth paste @
TZS 2,600 7,800
Wrong type
2 pieces of writing pads @
TZS 2,350 4,700 12,500
Damaged
Total transferred to sales
30 GL 54,900
returns account (Dr.)
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Book Keeping Form 1 New 2024 FINAL.indd 61 18/10/2024 10:14
