Question
REQUIRED: Identify and briefly explain the main types of other Journals.   (b) Record the following transactions in a suitable ruled Purchases Day Book. March 1      Purchase goods from M/s A. & Co. 20 bales of cotton @ TZS.100,000 per bale, less ...

Question
LIST A i Cost ii Loss iii Stock iv Land v Consistency   LIST B A. It makes up a significant portion of retailer’s assets. B. Accounting methods and procedures shall be followed on uniform basis year after year. C. Property, plant and equipment. D. Is the amount ...

Question
(i) General purpose reports provide information mainly for the use of internal decision makers. (ii) Income and expense accounts can be referred to as temporary accounts. (iii) Owner’s withdrawals are not used to figure of the profit or loss for a business. (iv) ...

Question
A. TZS.5 million, increase in the liability accounts payable TZS.5 million. B. TZS.5 million, decrease in the asset accounts receivable TZS.5 million. C. TZS.5 million, increase in equity TZS.5 million. D. TZS.5 million, increase in the asset accounts receivable TZS.5 million.