Page 99 - Book-keeping for Secondary Schools Student’s Book Form One
P. 99
Ledgers
Purchases returns daybook
Invoice Credit note Credit note
Date Particulars Folio Number Totals
(TZS) (TZS)
July 8 Tom Ltd.: PL 1
FOR ONLINE READING ONLY
2 bags of rice @ TZS
10,000 20,000
4 bags of sugar @ TZS
15,000 60,000 80,000
Expired
18 Asha: PL
2
4 dozens books@ TZS
2,000 8,000
Wrong specification
1 carton of ruled papers
@ TZS 30,000 30,000 38,000
Not ordered
29 Katabo: PL 3
Goods spoiled 14,800
Total transferred to pur-
31 chases returns account GL 132,800
(Cr,)
Posting to the subsidiary ledger
The third step is posting the entries to the subsidiary ledger and general ledger.
Purchases ledger
Dr Tom Ltd. account (1) Cr
Date Particulars Folio Amount Date Particulars Folio Amount
8/7/2020 Purchases 80,000 1/7/2020 Purchases 400,000
returns
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Book Keeping Form 1 New 2024 FINAL.indd 91 18/10/2024 10:14
