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PROGRAMME : BAF BS

SUBJECT NAME : FINANCIA

SUBJECT CODE : ACC 121

NAME OF LECTURE : MR. ELIAS

NAME OF WORK : GROUP W

GROUP NUMBER : GROUP 9

NO NAMES OF PARTICIPANTS
1 JESCA GABRIEL MARIGORI
2 ERIN NOLASCOUS MSAHALA
3 ANSELIM THADEY CHAMI
4 ANTHONY GODFREY MALLY
5 MARIAM JAPHET MSHIKAKA
6 BONIPHACE DISMAS WAMBU
7 JOSELIN S. MAJOLLO

8 ELIA A. BETETSE

YEAR TONNES ROYALITY

2001 2000 TZS 2,500
 2002 3600 TZS 2,500
2003 9000 TZS 2,500
2004 15000 TZS 2,500
2005 25000 TZS 2,500

JOURNAL ENTRIES IN THE BOOK OF LESSEE/BAGUNGO CO.LTD

YEAR PARTICULARS DEBIT
2001 Royalty payable a/c TZS 5,000,000
Short working a/c TZS 17,000,000
Rienzo CO. a/c
Rienzo CO. a/c TZS 22,000,000
Bank a/c
Trading a/c TZS 5,000,000
Royalty payable a/c

2002 Royalty payable a/c TZS 9,000,000

Short working a/c TZS 13,000,000
Rienzo CO. a/c
Rienzo CO. a/c TZS 22,000,000
Bank a/c
Trading a/c TZS 9,000,000
Royalty payable a/c

2003 Royalty payable a/c TZS 22,500,000

Short working a/c
Rienzo CO. a/c
Rienzo CO. a/c TZS 22,000,000
Bank a/c
Trading a/c TZS 22,500,000
Royalty payable a/c

2004 Royalty payable a/c TZS 37,500,000

Short working a/c
Rienzo CO. a/c
Rienzo CO. a/c TZS 22,000,000
Bank a/c
Trading a/c TZS 37,500,000
Royalty payable a/c

2005 Royalty payable a/c TZS 62,500,000

Short working a/c
Rienzo CO. a/c
Rienzo CO. a/c TZS 48,500,000
 Bank a/c
Trading a/c TZS 62,500,000
Royalty payable a/c

JOURNAL ENTRIES IN THE BOOK OF LESSOR/RIENZO CO.

YEAR PARTICULARS DEBIT
2001 Bangungo CO.Ltd a/c TZS 22,000,000
Short working a/c
Royalty receivable a/c
Bank a/c TZS 22,000,000
Bangungo Co.Ltd a/c
Royalty receivable a/c TZS 5,000,000
profit or loss a/c

2002 Bangungo CO.Ltd a/c TZS 22,000,000

Short working a/c
Royalty receivable a/c
Bank a/c TZS 22,000,000
Bangungo Co.Ltd a/c
Royalty receivable a/c TZS 9,000,000
profit or loss a/c

2003 Bangungo Co.Ltd a/c TZS 22,000,000

Short workig a/c TZS (500,000)
Royalty receivable a/c
Bank a/c TZS 22,000,000
Bangungo Co. Ltd a/c
Royalty receivable a/c TZS 22,500,000
Profit or loss a/c

2004 Bangungo Co.Ltd a/c TZS 22,000,000

Short workig a/c TZS (15,500,000)
Royalty receivable a/c
Bank a/c TZS 22,000,000
Bangungo Co. Ltd a/c
Royalty receivable a/c TZS 37,500,000
Profit or loss a/c

2005 Bangungo Co.Ltd a/c TZS 48,500,000

Short workig a/c TZS 14,000,000
Royalty receivable a/c
Bank a/c TZS 48,500,000
Bangungo Co. Ltd a/c
Royalty receivable a/c TZS 62,500,000
Profit or loss a/c
 FFFFFFFFFFFFF

SCHOOL OF BUSINESS

MME : BAF BS

NAME : FINANCIAL ACCOUNTING 1

CODE : ACC 121

LECTURE : MR. ELIAS MADAFU

WORK : GROUP WORK

UMBER : GROUP 9

NAMES OF PARTICIPANTS REG.NUMBERS

JESCA GABRIEL MARIGORI 1732156/T.23
ERIN NOLASCOUS MSAHALA 1732068/T.23
ANSELIM THADEY CHAMI 1732112/T.23
ANTHONY GODFREY MALLYA 1732057/T.23
MARIAM JAPHET MSHIKAKALE 1732023/T.23
BONIPHACE DISMAS WAMBURA 17322O1/T.23
JOSELIN S. MAJOLLO 1732157/T.23

ELIA A. BETETSE 1732243/T.23

ACTUAL ROYALITY MINIMUM RENT SHORT WORKING SHORT WORKING C.F

TZS 5,000,000 TZS 22,000,000 TZS 17,000,000 TZS 17,000,000
 TZS 9,000,000 TZS 22,000,000 TZS 13,000,000 TZS 30,000,000
TZS 22,500,000 TZS 22,000,000 TZS (500,000) TZS 29,500,000
TZS 37,500,000 TZS 22,000,000 TZS (15,500,000) TZS 14,000,000
TZS 62,500,000 TZS 22,000,000 TZS (40,500,000) TZS -

OF LESSEE/BAGUNGO CO.LTD

TZS 22,000,000

TZS 22,000,000

TZS 5,000,000

TZS 22,000,000

TZS 22,000,000

TZS 9,000,000

TZS (500,000)
TZS 22,000,000

TZS 22,000,000

TZS 22,500,000

TZS (15,500,000)
TZS 22,000,000

TZS 22,000,000

TZS 37,500,000

TZS 14,000,000
TZS 48,500,000
 TZS 48,500,000

TZS 62,500,000

OK OF LESSOR/RIENZO CO.
CREDIT

TZS 17,000,000
TZS 5,000,000

TZS 22,000,000

TZS 5,000,000

TZS 13,000,000
TZS 9,000,000

TZS 22,000,000

TZS 9,000,000

TZS 22,500,000

TZS 22,000,000

TZS 22,500,000

TZS 37,500,000

TZS 22,000,000

TZS 37,500,000

TZS 62,500,000

TZS 48,500,000
TZS 62,500,000
TRANSFERRED TO I.S PAYEMENT TO LEASOR
TZS 22,000,000
 TZS 22,000,000
TZS 22,000,000
TZS 22,000,000
TZS (26,500,000) TZS 48,500,000