Mr bonge had paid TZS.2640000 wages and supplied materials costing TZS 960000 to his own employees in building a store.prepare the journal entry necessary to correct the error?

To correct the error, the journal entry would be as follows:

Debit: Wages Expense - TZS 2640000
Credit: Cash/Bank - TZS 2640000

Debit: Materials Expense - TZS 960000
Credit: Cash/Bank - TZS 960000

This entry will reverse the incorrect entries and accurately reflect the expenses incurred for both wages and materials.