Page 82 - Book-keeping for Secondary Schools Student’s Book Form One

Book-Keeping for Secondary Schools

60 footballs @ TZS 115,000

100 pairs of sports shoes @ TZS 50,000
90 packets of socks @ TZS 2,000
15 Sold goods on credit to Judith TZS. 270,000 and issued

invoice number 06139.
FOR ONLINE READING ONLY
25 Sold goods to Fred, invoice number 06140:
65 accountancy books @15,000
10 dozen ball point pen @ 36,000
40 dozen staff ledger @2,500

27 Sold goods to Bwiikizo Enterprise worth 920,000 and issued
invoice number 06141.
29 Sold goods to Wajamaa Traders, invoice number 06142:
15 bags of wheat flour, each with 50kgs @TZS 67,500

25 bags of sugar, each with 50kgs at @TZS 72,000
31 Sold goods to Rubale Shop, invoice number 06143:
60 curtains @TZS 25,000
80 bed sheets @TZS 20,000

10. Kelele shop has been in operation for 5 years. On 31 June 2021, the shop owner,
st
Mr Kimya Kichache, gave you a list of assets and liabilities as follows:
TZS

Shop Kiosk 1,500,000
Fixtures 700,000

Stock of goods 2,600,000
Cash at bank 500,000

Cash in hand 200,000
Loan from Kichwa Kigumu 300,000

Amounts due to Mwingi for a supply of goods 500,000

Required:
(i) Identify the assets and liabilities of Kelele shop.
(ii) Prepare a journal proper for the items as on 31 June 2021.
st

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Student’s Book Form One

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