Page 94 - Book-keeping for Secondary Schools Student’s Book Form One

Book-Keeping for Secondary Schools

Dr Trade receivables account Cr

Date Particulars Folio Amount Date Particulars Folio Amount

30/6/2023 Sales 882,100 30/6/2023 Sales returns 54,900

FOR ONLINE READING ONLY
Exercise 5.1

1. Kichwa runs a food stuff kiosk at Kilimani. During the month of September 2021,
his business sold goods on credit as follows:
2021 September 1 Sold to Kakwa:

50 Kilogrammes of rice @TZS 1,000.

100 Kilogrammes of beans @TZS 2,000.

15 Sold to Mafundo:

200 kilogrammes of maize @TZS 500.

1,000 Kilogrammes of millet @TZS 800.

20 Sold to Vumi goods for TZS 100,000 on credit.
25 Sold the following goods to Omari:

1,000 Kilogrammes of rice @TZS 1,500.
200 Kilogrammes of sugar @TZS 2,500.

500 Kilogrammes of salt @TZS 100.
The customers above returned some of the goods due to various reasons as follows:

2021 September 5 Kakwa:

20 Kilogrammes of beans

10 Kilogrammes of rice

Wrong quality

21 Mafundo

100 Kilogrammes of millet

Excess quantity

86
Student’s Book Form One

Book Keeping Form 1 New 2024 FINAL.indd 86 18/10/2024 10:14