ANSWERS TO LEDGER ACCOUNT QUESTIONS

Question 4:

BANK
July 1 Capital 9 500 July 2 Office Furniture 150
July 10 Tools Ltd 750
July 23 Rent 100
July 31 Balance c/d 8 500
9 500 9 500
Aug 1 Balance b/d 8 500
CAPITAL
July 31 Balance c/d 9 500 July 1 Bank 9 500
9 500 9 500
Aug 1 Balance b/d 9 500
OFFICE FURNITURE
July 2 Bank 150 July 31 Balance c/d 150
150 150
Aug 1 Balance b/d 150
MACHINERY
July 3 Tools Ltd 750 July 31 Balance c/d 750
750 750
Aug 1 Balance b/d 750
TOOLS LTD
July 10 Bank 750 July 3 Machinery 750
750 750
RENT
July 23 Bank 100 July 31 Balance c/d 100
100 100
Aug 1 Balance b/d 100
PURCHASES
July 31 Top Wholesalers 500 July 31 Balance c/d 500
500 500
Aug 1 Balance b/d 500
TOP WHOLESALERS
July 31 Balance c/d 500 July 31 Purchases 500
500 500
Aug 1 Balance b/d 500
SALES
July 31 Balance c/d 300 July 31 Thomson 300
300 300
Aug 1 Balance b/d 300
THOMSON
July 31 Sales 300 July 31 Balance c/d 300
300 300
Aug 1 Balance b/d 300

1
 TRIAL BALANCE AS AT 31st JULY 2023
Debit (P) Credit (P)
Bank 8 500
Capital 9 500
Office Furniture 150
Machinery 750
Rent 100
Purchases 500
Top Wholesalers 500
Sales 300
Thomson 300
10 300 10 300

Question 5:

BANK
Jan 1 Capital 50 000 Jan 3 Office Equipment 5 000
Jan 12 Office Furniture 3 000
Jan 20 Motor Centre 5 000
Jan 23 Rent 1 000
Jan 29 Salary 2 000
Jan 30 Motor Centre 15 000
Jan 31 Balance c/d 19 000
50 000 50 000
Feb 1 Balance b/d 19 000
CAPITAL
Jan 31 Balance c/d 50 000 Jan 1 Bank 50 000
50 000 50 000
Feb 1 Balance b/d 50 000
OFFICE EQUIPMENT
Jan 3 Bank 5 000 Jan 31 Balance c/d 5 000
5 000 5 000
Feb 1 Balance b/d 5 000
MOTOR VAN
Jan 5 Motor Centre 20 000 Jan 31 Balance c/d 20 000
20 000 20 000
Feb 1 Balance b/d 20 000
MOTOR CENTRE
Jan 20 Bank 5 000 Jan 5 Motor Van 20 000
Jan 30 Bank 15 000
20 000 20 000
PURCHASES
Jan 10 Trans Wholesalers 5 000 Jan 31 Balance c/d 5 000
5 000 5 000
Feb 1 Balance b/d 5 000
TRANS WHOLESALERS
Jan 31 Balance c/d 5 000 Jan 10 Purchases 5 000
5 000 5 000

2
 Feb 1 Balance b/d 5 000

OFFICE FURNITURE
Jan 12 Bank 3 000 Jan 31 Balance c/d 3 000
3 000 3 000
Feb 1 Balance b/d 3 000
SALES
Jan 31 Balance c/d 1 500 Jan 16 Paul 1 500
1 500 1 500
Feb 1 Balance b/d 1 500
PAUL
Jan 16 Sales 1 500 Jan 31 Balance c/d 1 500
1 500 1 500
Feb 1 Balance b/d 1 500
RENT
Jan 23 Bank 1 000 Jan 31 Balance c/d 1 000
1 000 1 000
Feb 1 Balance b/d 1 000
SALARY
Jan 29 Bank 2 000 Jan 31 Balance c/d 2 000
2 000 2 000
Feb 1 Balance b/d 2 000

TRIAL BALANCE AS AT 31st JANUARY 2024

Debit (P) Credit (P)
Bank 19 000
Capital 50 000
Office Equipment 5 000
Motor Van 20 000
Purchases 5 000
Trans Wholesalers 5 000
Office Furniture 3 000
Sales 1 500
Paul 1 500
Rent 1 000
Salary 2 000
56 500 56 500

3
QUESTION 6:
BANK
May 1 Capital 25 000 May 2 Office Furniture 5 500
May 10 Global Machinery 7 500
May 31 Salary 1 800
May 31 Drawings 250
May 31 Balance c/d 9 950
25 000 25 000
June 1 Balance b/d 9 950
CAPITAL
May 31 Balance c/d 50 000 May 1 Bank 50 000
50 000 50 000
June 1 Balance b/d 50 000
RENT
May 2 Bank 5 000 May 31 Balance c/d 5 000
5 000 5 000
June 1 Balance b/d 5 000
OFFICE FURNITURE
May 2 Bank 5 500 May 8 Motau 550
May 31 Balance c/d 4 950
5 500 5 500
June 1 Balance b/d 4 950
MACHINERY
May 3 Global Machinery 7 500 May 31 Balance c/d 7 500
7 500 7 500
June 1 Balance b/d 7 500
GLOBAL MACHINERY LTD
May 10 Bank 7 500 May 3 Machinery 7 500
7 500 7 500
MOTAU
May 8 Office Furniture 550 May 23 Cash 550
550 550
PURCHASES
May 15 Trans Africa 12 000 May 31 Balance c/d 12 000
Wholesalers
May 31 12 000 12 000
June 1 Balance b/d 12 000
TRANS AFRICA WHOLESALERS
May 31 Returns Outwards 200 May 15 Purchases 12 000
May 31 Balance c/d 11 800
12 000 12 000
June 1 Balance b/d 11 800
CASH
May 23 Motau 550 May 31 Balance c/d 3 550
May 27 Sales 2 000
May 29 Rent received 1 000
3 550 3 550
June 1 Balance b/d 3 550

4
 SALES
May 31 Balance c/d 7 500 May 25 Johnson 5 500
May 27 Cash 2 000
7 500 7 500
June 1 Balance b/d 7 500
JOHNSON
May 25 Sales 5 500 May 28 Returns Inwards 500
May 31 Balance c/d 5 000
5 500 5 500
June 1 Balance b/d 5 000
RETURNS INWARDS
May 28 Johnson 500 May 31 Balance c/d 500
500 500
June 1 Balance b/d 500
RENT RECEIVED
May 31 Balance c/d 1 000 May 29 Cash 1 000
1 000 1 000
June 1 Balance b/d 1 000
SALARY
May 31 Bank 1 800 May 31 Balance c/d 1 800
1 800 1 800
June 1 Balance b/d 1 800
RETURNS OUTWARDS
May 31 Balance c/d 200 May 31 Trans Africa Wholesaler 200
200 200
June 1 Balance b/d 200
DRAWINGS
May 31 Bank 250 May 31 Balance c/d 250
250 250
June 1 Balance b/d 250
TRIAL BALANCE AS AT 31st MAY 2023
Debit (P) Credit (P)
Bank 9 950
Capital 25 000
Office Furniture 4 950
Machinery 7 500
Purchases 12 000
Trans Africa Wholesalers 11 800
Cash 3 550
Sales 7 500
Johnson 5 000
Returns Inwards 500
Rent Received 1 000
Salary 1 800
Returns Outwards 200
Drawings 250
45 500 45 500

5
 ANSWER TO QUESTION 7
CASH
Date Particulars Amount(P Date Particulars Amount
) (P)
Aug 1 Capital 10 000 Aug 9 Purchases 1 000
Aug 23 Sales 500 Aug 31 Balance c/d 9 500
10 500 10 500
Sep 1 9 500
BANK
Aug 1 Capital 20 000 Aug 9 Stationery 110
Aug 23 Tom 75
Aug 23 Harry 40 Aug 25 Big 90
Aug 24 Commission received 200 Aug 25 Giant 75
Aug 31 Drawings 750
Balance c/d 19 290
20 315 20 315
Sep 1 Balance b/d 19 290
CAPITAL
Aug 31 Balance c/d 35 000 Aug 1 Cash 10 000
Aug 1 Bank 20 000
Aug 27 Office Equipment 5 000
35 000 35 000
Sep 1 Balance b/d 35 000
PURCHASES
Aug 5 Small 400 Aug 31 Drawings 200
Aug 5 Big 210 Aug 31 Balance c/d 1 710
Aug 5 Giant 300
Aug 9 Cash 1 000
1 910 1 910
Sep 1 Balance b/d 1 710

SMALL
Aug 31 Balance c/d 400 Aug 5 Purchases 400
400 400
Sep 1 Balance b/d 400
BIG
Aug 20 Returns Outwards 10 Aug 5 Purchases 210
Aug 25 Bank 90
Aug 31 Balance c/d 110
210 210
Sep 1 Balance b/d 110
GIANT
Aug 25 Bank 75 Aug 5 Purchases 300
Aug 31 Balance c/d 225
300 300
Sep 1 Balance b/d 225

6
 SALES
Aug 31 Balance c/d 1 240 Aug 7 Tom 175
Aug 7 Dick 325
Aug 7 Harry 240
Aug 23 Cash 500
1 240 1 240
Sep 1 Balance b/d 1 240
TOM
Aug 7 Sales 175 Aug 23 Bank 75
Aug 31 Balance c/d 100
175 175
Sep 1 Balance b/d 100
DICK
Aug 7 Sales 325 Aug 22 Returns Inwards 25
Aug 31 Balance c/d 300
325 325
Sep 1 Balance b/d 300
HARRY
Aug 7 Sales 240 Aug 23 Bank 40
Aug 31 Balance c/d 200
240 240
Sep 1 Balance b/d 200
STATIONERY
Aug 9 Bank 110 Aug 31 Balance c/d 110
110 110
Sep 1 Balance b/d 110
MOTOR VAN
Aug 15 Supra Motors 10 000 Aug 31 Balance c/d 10 000
Aug 24 10 000 10 000
Sep 1 Balance b/d 10 000
SUPRA MOTORS
Aug 31 Balance c/d 10 000 Aug 15 Motor Van 10 000
10 000 10 000
Sep 1 Balance b/d 10 000
RETURNS OUTWARDS
Aug 31 Balance c/d 10 Aug 15 Big 10
Aug 24 10 10
Sep 1 Balance b/d 10
RETURNS INWARDS
Aug 22 Dick 25 Aug 31 Balance c/d 25
25 25
Sep 1 Balance b/d 25

COMMISSION RECEIVED
Aug 31 Balance c/d 200 Aug 24 Bank 200
200 200
Sep 1 Balance b/d 200

7
 OFFICE EQUIPMENT
Aug 27 Capital 5 000 Aug 31 Balance c/d 5 000
5 000 5 000
Sep 1 Balance b/d 5 000
DRAWINGS
Aug 31 Bank 750 Aug 31 Balance c/d 950
Purchases 200
950 950
Sep 1 Balance b/d 950

TRIAL BALANCE AS AT 31st AUGUST 2023

Debit (P) Credit (P)
Cash 9 500
Bank 19 290
Capital 35 000
Purchases 1 710
Small 400
Big 110
Giant 225
Sales 1 240
Tom 100
Dick 300
Harry 200
Stationery 110
Motor Van 10 000
Supra Motors 10 000
Returns Outwards 10
Returns Inwards 25
Commission received 200
Office Equipment 5 000
Drawings 950
47 185 47 185

8
 QUESTION 8
BANK
Mar 1 Capital 10 500 Mar 15 Motor van 6 500
Mar 16 Loan – John 2 000 Mar 26 Hood 900
Mar 29 Simon 150 Smith 110
Fisher 370 Mar 30 Balance c/d 5 510
13 020 13 020
Apr 1 Balance b/d 5 510
CASH
Mar 1 CAPITAL 5 000 Mar 2 Purchases 550
Mar 30 Tom 500 Mar 30 Balance c/d 4 950
5 500 5 500
Apr 1 Balance b/d 4 950
CAPITAL
Mar 1 Bank 10 500
Mar 30 Balance c/d 15 500 Cash 5 000
15 500 15 500
Apr 1 Balance b/d 15 500
PURCHASES
Mar 2 Cash 550
Mar 4 David 800
Hood 930
Smith 160
Lucy 510 Mar 30 Balance c/d 2 950
2 950 2 950
Apr 1 Balance b/d 2 950
DAVID
Mar 30 Balance c/d 800 Mar 4 Purchases 800
800 800
Apr 1 Balance b/d 800
HOOD
Mar 14 Returns Outwards 30 Mar 4 Purchases 930
Mar 26 Bank 900
930 930
SMITH
Mar 14 Returns Outwards 40 Mar 4 Purchases 160
Mar 26 Bank 110
Mar 30 Balance c/d 10
160 160
Apr 1 Balance b/d 10
LUCY
Mar 30 Balance c/d 510 Mar 4 Purchases 510
510 510
Apr 1 Balance b/d 510
STATIONERY
Mar 5 Bolt Ltd 90 Mar 30 Balance c/d 90
90 90
Apr 1 Balance b/d 90

9
 BOLT LTD
Mar 30 Balance c/d 90 Mar 5 Stationery 90
90 90
Apr 1 Balance b/d 90
SALES
Mar 6 Joy 170
Fisher 240
Simon 325
Tom 205
Mar 24 Fisher 130
Tom 400
Mar 30 Balance c/d 1 620 Simon 150
1 620 1 620
Apr 1 Balance b/d 1 620
JOY
Mar 6 Sales 170 Mar 18 Returns inwards 5
Mar 30 Balance c/d 165
170 170
Apr 1 Balance b/d 165
FISHER
Mar 6 Sales 240 Mar 29 Bank 370
Mar 24 Sales 130
370 370
SIMON
Mar 6 Sales 325 Mar 18 Returns inwards 20
Mar 24 Sales 150 Mar 29 Bank 150
Mar 30 Balance c/d 305
475 475
Apr 1 Balance b/d 305
TOM
Mar 6 Sales 205 Mar 30 Cash 500
Mar 24 Sales 400 Mar 30 Balance c/d 105
605 605
Apr 1 Balance b/d 105
FIXTURES
Mar 10 Chiefs Ltd 600 Mar 30 Balance c/d 600
600 600
Apr 1 Balance b/d 600
CHIEFS LTD
Mar 30 Balance c/d 600 Mar 10 Fixtures 600
600 600
Apr 1 Balance b/d 600
RETURNS OUTWARD
Mar 14 Hood 30
Mar 30 Balance c/d 70 Smith 40
70 70
Apr 1 Balance b/d 70
MOTOR VAN
Mar 15 Bank 6 500 Mar 30 Balance c/d 6 500

10
 6 500 6 500
Apr 1 Balance b/d 6 500
LOAN - JOHN
Mar 30 Balance c/d 2 000 Mar 16 Bank 2 000
2 000 2 000
Apr 1 Balance b/d 2 000
RETURNS INWARDS
Mar 18 Joy 5
Simon 20 Mar 30 Balance c/d 25
25 25
Apr 1 Balance b/d 25
TRIAL BALANCE AS AT 30 MARCH 2023
Debit (P) Credit (P)
Bank 5 510
Cash 4 950
Capital 15 500
Stationery 90
Motor Van 6 500
Chiefs Ltd 600
Bolt Ltd 90
Loan-John 2 000
Purchases 2 950
David 800
Smith 10
Lucy 510
Sales 1 620
Tom 105
Joy 165
Simon 305
Returns outwards 70
Returns inwards 25
Fixtures 600
21 200 21 200

QUESTION 9
BANK
May 1 Capital 25 000 May 6 Rent 175
May 28 Potts 70 May 7 Rates 130
May 28 Field 40 May 23 Small 270
May 30 Capital 1 000 May 23 Brown 1 200
May 23 Ray 500
May 25 Motor Van 6 000
May 31 Balance c/d 17 835
26 110 26 110
June 1 Balance b/d 17 835

11
 CAPITAL
May 31 Balance c/d 26 000 May 1 Bank 25 000
May 30 Bank 1 000
26 000 26 000
June 1 Balance b/d 26 000
PURCHASES
May 2 Small 290 May 31 Balance c/d 3 205
Brown 1 200
Ray 610
Charles 530
May 19 Charles 110
Ray 300
Jack 165
3 205 3 205
June 1 Balance b/d 3 205
SMALL
May 18 Returns Outwards 15 May 2 Purchases 290
May 23 Bank 270
May 31 Balance c/d 5
290 290
June 1 Balance b/d 5
BROWN
May 23 Bank 1 200 May 2 Purchases 1 200
1 200 1 200
RAY
May 23 Bank 500 May 2 Purchases 610
May 31 Balance c/d 410 May 19 Purchases 300
910 910
June 1 Balance b/d 410
CHARLES
May 18 Returns Outwards 25 May 2 Purchases 530
May 31 Balance c/d 615 May 9 Purchases 110
640 640
June 1 Balance b/d 615
JACK
May 31 Balance c/d 165 May 19 Purchases 165
165 165
June 1 Balance b/d 165
SALES
May 31 Balance c/d 2 240 May 5 Cash 610
May 11 Potts 85
Field 45
Gray 1 500
2 240 2 240
June 1 Balance b/d 2 240
CASH
May 5 Sales 610 May 17 Wages 250
May 26 Loan-Bennet 1 000 May 31 Balance c/d 1 360
1 610 1 610

12
June 1 Balance b/d 1 360
RENT
May 6 Bank 175 May 31 Balance c/d 175
175 175
June 1 Balance b/d 175
RATES
May 7 Bank 130 May 31 Balance c/d 130
130 130
June 1 Balance b/d 130
POTTS
May 11 Sales 85 May 20 Returns Inwards 10
May 28 Bank 70
May 31 Balance c/d 5
85 85
June 1 Balance b/d 5
FIELD
May 11 Sales 45 May 20 Returns Inwards 5
May 28 Bank 40
45 45
GRAY
May 11 Sales 1 500 May 31 Balance c/d 1 500
1 500 1 500
June 1 Balance b/d 1 500
WAGES
May 17 Cash 250 May 31 Balance c/d 250
250 250
June 1 Balance b/d 250

RETURNS OUTWARDS
May 31 Balance c/d 40 May 18 Small 15
Charles 25
40 40
June 1 Balance b/d 40
RETURNS INWARDS
May 20 Field 5 May 31 Balance c/d 15
Potts 10
15 15
June 1 Balance b/d 15

MOTOR VAN
May 21 Motor Centre 5 000 May 31 Balance c/d 11 000
May 25 Bank 6 000
11 000 11 000
June 1 Balance b/d 11 000

MOTOR CENTRE
May 31 Balance c/d 5 000 May 21 Motor Van 5 000
5 000 5 000
June 1 Balance b/d 5 000

13
 LOAN-BENNET
May 31 Balance c/d 1 000 May 26 Cash 1 000
1 000 1 000
June 1 Balance b/d 1 000
st
TRIAL BALANCE AS AT 31 MAY 2023
Debit (P) Credit (P)
Bank 17 835
Capital 26 000
Purchases 3 205
Small 5
Ray 410
Charles 615
Jack 165
Sales 2 240
Cash 1 360
Rent 175
Rates 130
Potts 5
Gray 1 500
Wages 250
Returns Outwards 40
Returns Inwards 15
Motor Van 11 000
Motor Centre 5 000
Loan-Bennet 1 000
35 475 35 475

Question 10:

BANK

Jan 1 Capital 30 000 Jan 5 Rent 5 000

Jan 25 Jimmy 150 Jan 26 David 300
Jan 25 Sam 50 Jan 26 Peter 200
Jan 25 Godfrey 300 Jan 26 Francis 100
Jan 29 Motor Centre 10 000
Jan 31 Drawings 1 000
Jan 31 Balance c/d 13 900
30 500 30 500
Feb 1 Balance b/d 13 900
CASH
Jan 1 Capital 10 000 Jan 27 Purchases 400
Jan 4 Sales 250 Jan 31 Balance c/d 10 850
Jan 28 Rent received 1 000
11 250 11 250
Feb 1 Balance b/d 10 850

14
 CAPITAL
Jan 31 Balance c/d 48 000 Jan 1 Bank 30 000
Jan 1 Cash 10 000
Jan 30 Furniture 8 000
48 000 48 000
Feb 1 Balance b/d 48 000
PURCHASES
Jan 2 David 600 Jan 31 Drawings 250
Jan 2 Peter 400 Jan 31 Balance c/d 1 650
Jan 2 Francis 500
Jan 27 Cash 400
1 900 1 900
Feb 1 Balance b/d 1 650
DAVID
Jan 26 Bank 300 Jan 1 Purchases 600
Jan 31 Balance c/d 300
600 600
Feb 1 Balance b/d 300
PETER
Jan 10 Returns Outwards 100 Jan 2 Purchases 400
Jan 26 Bank 200
Jan 31 Balance c/d 100
400 400
Feb 1 Balance b/d 100
FRANCIS
Jan 26 Bank 100 Jan 2 Purchases 500
Jan 31 Balance c/d 400
500 500
Feb 1 Balance b/d 400
RENT
Jan 5 Bank 5 000 Jan 31 Balance c/d 5 000
5 000 5 000
Feb 1 Balance b/d 5 000
SALES
Jan 31 Balance c/d 1 300 Jan 4 Cash 250
Jan 8 Jimmy 300
Jan 8 Sam 350
Jan 8 Godfrey 400
1 300 1 300
Feb 1 Balance b/d 1 300
JIMMY
Jan 8 Sales 300 Jan 25 Bank 150
Jan 31 Balance c/d 150
300 300
Feb 1 Balance b/d 150
SAM
Jan 8 Sales 350 Jan 20 Returns Inwards 50
Jan 25 Bank 50
Jan 31 Balance c/d 250

15
 350 350
Feb 1 Balance b/d 250
GODFREY
June 8 Sales 400 Jan 25 Bank 300
Jan 31 Balance c/d 100
400 400
June 1 Balance b/d 100
RETURNS OUTWARDS
Jan 31 Balance c/d 100 Jan 10 Peter 100
100 100
Feb 1 Balance b/d 100
MOTOR VAN
Jan 15 Motor Centre 10 000 Jan 31 Balance c/d 10 000
10 000 10 000
Feb 1 Balance b/d 10 000
MOTOR CENTRE
Jan 29 Bank 10 000 Jan 15 Motor Van 10 000
10 000 10 000
RETURNS INWARDS
Jan 20 Sam 50 Jan 31 Balance c/d 50
50 50
Feb 1 Balance b/d 50
RENT RECEIVED
Jan 31 Balance c/d 1 000 Jan 28 Cash 1 000
1 000 1 000
Feb 1 Balance b/d 1 000
FURNITURE
Jan 30 Capital 8 000 Jan 31 Balance c/d 8 000
8 000 8 000
Feb 1 Balance b/d 8 000
DRAWINGS
Jan 31 Bank 1 000 Jan 31 Balance c/d 1 250
Jan 31 Purchases 250
1 250 1 250
Feb 1 Balance b/d 1 250

TRIAL BALANCE AS AT 31st JANUARY 2024

Debit (P) Credit (P)
Bank 13 900
Cash 10 850
Capital 48 000
Purchases 1 650
David 300
Peter 100
Francis 400
Rent 5 000
Sales 1 300
Jimmy 150
Sam 250

16
Godfrey 100
Returns Outwards 100
Returns Inwards 50
Motor Van 10 000
Rent Received 1 000
Furniture 8 000
Drawings 1 250
51 200 51 200
ANSWER TO QUESTION 11:
BANK
Date Particulars Amount(P Date Particulars Amount
) (P)
Feb 1 Capital 35 000 Feb 15 Themba 500
Feb 5 Loan-Bank Gaborone 15 000 Feb 21 Drawings 1 000
Feb 13 Mogapi 1 000 Feb 24 Motor Expenses 4 000
Feb 27 Barloworld 20 000
Feb 28 Balance c/d 25 500
51 000 51 000
Mar 1 Balance b/d 25 500
CASH
Feb1 Capital 8 000 Feb 3 Rent 1 400
Feb 7 Sales 500 Feb 28 Balance c/d 7 500
Feb 20 Rent received 400
8 900 8 900
Mar 1 Balance b/d 7 500
CAPITAL
Feb 28 Balance c/d 53 000 Feb 1 Bank 35 000
Feb 1 Cash 8 000
Feb 26 Office Equipment 10 000
53 000 53 000
Mar 1 Balance b/d 53 000
RENT
Feb 3 Cash 1 400 Feb 28 Balance c/d 1 400
1 400 1 400
Mar 1 Balance b/d 1 400
MOTOR VAN
Feb 4 Barloworld 25 000 Feb 28 Balance c/d 25 000
25 000 25 000
Mar 1 Balance b/d 25 000
BARLOWORLD
Feb 27 Bank 20 000 Feb 4 Motor Van 25 000
Feb 28 Balance c/d 5 000
25 000 25 000
Mar 1 Balance b/d 5 000
LOAN-BANK GABORONE
Feb 28 Balance c/d 15 000 Feb 5 Bank 15 000
15 000 15 000
Mar 1 Balance b/d 15 000

17
 PURCHASES
Feb 6 Themba 1 200 Feb 10 Drawings 700
Feb 6 Fani 1 500 Feb 28 Balance c/d 2 000
2 700 2 700
Mar 1 Balance b/d 2 000
THEMBA
Feb 15 Bank 500 Feb 6 Purchases 1 200
Feb 28 Balance c/d 700
1 200 1 200
Mar 1 Balance b/d 700
FANI
Feb 12 Returns Outwards 300 Feb 6 Purchases 1 500
Feb 28 Balance c/d 1 200
1 500 1 500
Mar 1 Balance b/d 1 200
SALES
Feb 28 Balance c/d 6 000 Feb 7 Cash 500
Feb 11 Lesedi 2 500
Feb 11 Mogapi 3 000
6 000 6 000
Mar 1 Balance b/d 6 000
DRAWINGS
Feb 10 Purchases 700 Feb 28 Balance c/d 1 700
Feb 21 Bank 1 000
1 700 1 700
Mar 1 Balance b/d 1 700
LESEDI
Feb 11 Sales 2 500 Feb 23 Returns Inwards 600
Feb 28 Balance c/d 1 900
2 500 2 500
Feb 1 Balance b/d 1 900
MOGAPI
Feb 11 Sales 3 000 Feb 13 Bank 1 000
Feb 28 Balance c/d 2 000
3 000 3 000
Feb 1 Balance b/d 2 000
RETURNS OUTWARDS
Feb 28 Balance c/d 300 Feb 12 Fani 300
300 300
Mar 1 Balance b/d 300
RENT RECEIVED
Feb 28 Balance c/d 400 Feb 20 Cash 400
400 400
Mar 1 Balance b/d 400
RETURNS INWARDS
Feb 23 Lesedi 600 Feb 28 Balance c/d 600
600 600
Mar 1 Balance b/d 600

18
 MOTOR EXPENSES
Feb 24 Bank 4 000 Feb 28 Balance c/d 4 000
4 000 4 000
Mar 1 Balance b/d 4 000
OFFICE EQUIPMENT
Feb 26 Capital 10 000 Feb 28 Balance c/d 10 000
10 000 10 000
Mar 1 Balance b/d 10 000

TRIAL BALANCE AS AT 28 FEBRUARY 2023

Debit (P) Credit (P)
Bank 25 500
Cash 7 500
Capital 53 000
Rent 1 400
Motor Van 25 000
Barloworld 5 000
Loan-Bank Gaborone 15 000
Purchases 2 000
Themba 700
Fani 1 200
Sales 6 000
Drawings 1 700
Lesedi 1 900
Mogapi 2 000
Returns Outwards 300
Rent received 400
Returns Inwards 600
Motor Expenses 4 000
Office Equipment 10 000
81 600 81 600

ANSWER TO QUESTION 12:

BANK
Date Particulars Amount(P) Date Particulars Amount
(P)
Jan 7 Commission 2 000
Jan 1 Capital 50 000 Jan 15 Trans Africa 2 000
Wholesale
Jan 27 Paledi 1 500 Jan 25 Drawings 5 000
Jan 31 Commission 1 000 Jan 29 Balance c/d 43 500
52 500 52 500
Feb 1 Balance b/d 43 500
CASH
Jan 1 Capital 15 000 Jan 6 Rent 3 000
Jan 30 Rent received 1 000 Jan 29 Balance c/d 13 000
16 000 16 000
Feb 1 Balance b/d 13 000
CAPITAL
19
Jan 29 Balance c/d 75 000 Jan 1 Bank 50 000
Jan 1 Cash 15 000
Jan 10 Motor Vehicles 10 000
75 000 75 000
Feb 1 Balance b/d 75 000
PURCHASES
Jan 5 Trans Africa Wholesale 5 000 Jan 25 Drawings 1 000
Jan 29 Balance c/d 4 000
5 000 5 000
Feb 1 Balance b/d 4 000
TRANS AFRICA WHOLESALERS
Jan 12 Returns Outwards 500 Jan 5 Purchases 5 000
Jan 15 Bank 2 000
Jan 31 Balance c/d 2 500
5 000 5 000
Feb 1 Balance b/d 2 500
RENT
Jan 6 Cash 3 000 Jan 31 Balance c/d 3 000
3 000 3 000
Feb 1 Balance b/d 3 000
COMMISSION
Jan 7 Bank 2 000 Jan 31 Balance c/d 2 000
2 000 2 000
Feb 1 Balance b/d 2 000
MOTOR VEHILCES
Jan 10 Capital 10 000 Jan 31 Balance c/d 10 000
10 000 10 000
Feb 1 Balance b/d 10 000

RETURNS OUTWARDS
Jan 31 Balance c/d 500 Jan 12 Trans Africa Wholesale 500
500 500
Feb 1 Balance b/d 500
SALES
Jan 31 Balance c/d 5 000 Jan 13 Paledi 5 000
5 000 5 000
Feb 1 Balance b/d 5 000
PALEDI
Jan 13 Sales 5 000 Jan 20 Returns Inwards 1 000
Jan 27 Bank 1 500
Jan 31 Balance c/d 2 500
5 000 5 000
Feb 1 Balance b/d 2 500
RETURNS INWARDS
Jan 20 Paledi 1 000 Jan 31 Balance c/d 1 000
1 000 1 000
Feb 1 Balance b/d 1 000

DRAWINGS

20
Jan 25 Bank 5 000 Jan 31 Balance c/d 6 000
Jan 25 Purchases 1 000
6 000 6 000
Feb 1 Balance b/d 6 000
RENT RECEIVED
Jan 31 Balance c/d 1 000 Jan 30 Cash 1 000
1 000 1 000
Feb 1 Balance b/d 1 000
COMMISSION RECEIVED
Jan 31 Balance c/d 1 000 Jan 31 Bank 1 000
1 000 1 000
Feb 1 Balance b/d 1 000
TRIAL BALANCE AS AT 31 JANUARY 2024
Debit (P) Credit (P)
Bank 43 500
Cash 13 000
Capital 75 000
Purchases 4 000
Trans Africa Wholesalers 2 500
Rent 3 000
Commission 2 000
Motor Vehicles 10 000
Returns Outwards 500
Sales 5 000
Paledi 2 500
Returns Inwards 1 000
Drawings 6 000
Rent received 1 000
Commission received 1 000
85 000 85 000

21