of

TZS 10,000, 000.

During the year ended 31 Dec 2016, A Ltd. had the following transactions with B Ltd.:

1.

Pro-forma invoice price of 200 machines consigned to B Ltd. was TZS 50,000,000

2.

Freight and Insurance paid by A Ltd. was TZS1,400,000

3.

Advance received from B Ltd. TZS 15,000,000

4.

Sales made by B Ltd.: - 80 machines for cash

TZS 21,500,000

5.

100 machines on Credit

TZS 28,000,000

6.

Expenses incurred by agent

-

selling expenses

TZS 2,500,000

7.

Discounts allowed TZS 1,000,000

8.

30 machines were damaged on railway for which B was compensated TZS 2,700,000.

B

Ltd. later sold the machines for TZS 2,300,000

9.

Out of the machines sold, TZS 2,000,000 was considered a bad debt by the agent

10.

The agent remitted the balance due from him by bank draft.

Required:

Show the necessary accounts in the books of A ltd .assuming he closes his books on 31st Decembee.