Exam Revision; Grade 11. Make sure your students are able to access the textbooks from previous years or a good reference book that contains the... Once your students have completed practice exam papers, encourage them to go over the areas where they struggle and offer them some additional support. Answer ALL questions in the special Answer Book provided. the amounts owing to a business), usually produced monthly, which analyses the age of the debts by splitting them into such categories as those up to 30 days , 60 days, and more than 90 days old. Cost price + profit margin = selling price CP + P = SP 100% + 50% = 150% Golden rule: The amount you are looking for is always on top (the numerator of the fraction).  Remember that only stock sent back by the debtor will reflect an amount in the Cost of sales column. Lennox High’s Grade 10 learners have been running a small tuck-shop business at school during break time. It will depend on the type of account whether the balance will be debit or credit. Struggling with your prescribed literature? Solution: Trial Balance. Literature Study Guide: Om die aarde aan te haal en ander gedigte, X-kit Achieve! Literature Study Guide: Droomdelwers, X-kit Achieve Grade 8-9 EMS: Financial Literacy Practice Book, X-kit Achieve! Introductory Remarks: ... General Ledger Accounting equation Account Debited Account Credited A OE L Bad debts Debtors control -400 -400 GENERAL JOURNAL OF EXAMPLE STORES - Bad debts are debited because they are an expense. Different study methods work for different students. Where possible, all external source documents should be attached to the petty cash voucher. 4 A description of the transaction and the voucher. Literature Study Guide: Cry, the beloved country, X-kit Achieve! Finally, we update the Creditors Control account in the general ledger. 9 Analysis column for Stationery. Debtors’ list on 31 May 2010 J. Abrahams R4 500 N. Rossouw R3 800 M. Nelson R2 600 Transactions: May 2011 1 The owner, R. Bosch, increased his capital contribution from R185 400 to R210 000 by depositing the money in the business bank account. internal control measure applied by detecting and controlling undesired events. 2. INDEX . Board: CBSE: Textbook: NCERT: Class: Class 11 ... Assets: Cash – ₹ 50,000; Stock – ₹ 30,000; Debtors – Ram ₹ 50,000; Machinery – ₹ 60,000. 6 Money that was received from debtors during the month and discount allowed to debtors = Duplicate receipt 7 Allowances given to debtors = Duplicate Credit note 8 Journal credits:  Debtors account written off as bad debts  Transfers between debtors and creditors  Correction of errors 9 Amount owed by debtors at the end of the month. 7 The details column refers to the contra account. At the end of the month, a cheque is drawn so that the end total is the same as the opening balance. Grade 6 Grade 7 Grade 8 ... Grade 10; Accountancy; Trial Balance; Trial Balance; Find Your Query Syllabus. (Remember it is a clothing business.) 6 Buy the following from Red Stores and issue cheque 126: A printer and computer, R12 800 Paper for the printer, R390 8 Cash cheque 127 for the following: Wages, R1500 To increase the cash float from R800 to R1 000. The debit balance of the Debtors’ control account in the general ledger has to be reconciled with the totals of debit and credit balance according to the debtors list. Once your teenager has completed practise exam papers, go over the areas where they struggle. Formulae sheets or key concept sheets are useful for quick revision. Grade 10 English Home Language Study Guide, X-kit Achieve! Copyright © 2000-2020 by Pearson, all rights reserved. Record these transactions in the following debtors’ ledger account of the business: M. Motaung (D5). A folio number will be used to indicate the account the amount will be posted to in the Debtors’ Ledger. Literature Study Guide: My Children! 06/03/2020 4. Write neatly and legibly. Issue receipt 143. Term 1 Topic 5 Financial accounting of a sole trader  Creditors’ Allowances Journal If trading stock, assets and consumable stores are bought on credit, they can be returned to the trader. Accounting 2 DBE/November 2013 NSC ... (10) INFORMATION: 2. Grade 11 Business Studies Study Guide, X-kit Presteer! 25 Issue receipt 151 to M. Motaung for R4 500 in partial payment of his debt. 5 The month and the year are indicated. This amount must be debited to M. Motaung’s account. 3 The folio number for the debtor needs to be indicated. 2 The name and surname of the debtor needs to be shown. To correct the error, the account of M. Visagie must be debited with R400 (R200 to cancel the credit entry and R200 with the correct recording) Debtors’ control account Example Dr. Debtors’ control B7 Cr. If the answer is incorrect, mark the workings provided. Graad 12 Lewenswetenskappe Studiegids, X-kit Presteer! Information General ledger of Sophie Traders Dr. Trading stock B6 Cr. Via Afrika Publishers » Accounting Grade 10 56 Literature Study Guide: Strange Case of Dr. Jekyll and Mr. Hyde, X-kit Achieve Literature Study Guide: Prescribed Poetry for English Home Language, X-kit Achieve! However, this discount was not posted to his account. Exam Revision; Grade 11. 7 A credit invoice for goods purchased from Kubeka Suppliers was treated as a credit note, R99. Graad 12 Fisiese Wetenskappe: Fisika Studiegids, X-kit Achieve! The balances at 1 Feb 2009 were as follows: Moore Distributors R8 400 Moni Wholesales R4 200 Transactions for February 2009 … 5 Purchased trading stock, R1 200 and stationery, R 600 on credit from Moore Distributors. Remind your students that studying should be active. Issue invoice 54. Grade 10 Accounting Ledger to his corresponding account in the Creditors Ledger manual de usuario del programa sae, was entered as follows in the General Ledger. It was probably a correction of an error and whether it is a debit or credit entry depends on the error made. 15 The petty cash cashier sees that there is not enough money in the kitty and requests a further R200. Posting to the Debtors Ledger is done on a daily basis. R. Ndlovu owes R2 400. a creditor with a debit balance = duplicate receipt. 16 The account in the General Ledger. Grade 8 Mathematics Study Guide, X-kit Achieve! 6 In the folio column, reference need to be made to the journal where the entry has been captured. 7 Total amount of purchases on credit per transaction. Master &Sons, a creditor, who has a debit balance of R7000,appearson the debtors … 6 The totals of the discount allowed column, R300 and debtors control column, R18 644, in the Cash Receipts Journal have both been posted to the debtors control account. 8 If a debtors account decreases, it is reflected in the credit column. Via Afrika Publishers » Accounting Grade 10 85, Term 1 Topic 5 Financial accounting of a sole trader 5 Money that was paid to a creditor with a cheque and discount was received = Cheque counterfoil.  Petty Cash Journal The Petty Cash Journal is used to make small cash payments. 4 An increase in stationery (if more was bought) is done on the debit side. In grade 10 you have to know the continuous inventory system and in grade 11 the periodic inventory system. 18.5 Give two possible reasons for the recording “Journal credits, GJ, R610” 18.6 What is the source document for the recording on the debit side: Sundry Allowances, CAJ, R2 300”? 5 Subtract the debit side from the credit side: R1 158 – R700 = R458. Give R120 discount. Normally a transaction is identified to be recorded in a specific subsidiary journal because it satisfies certain requirements. CASH AND CREDIT TRANSACTIONS . Grade 10 English Home Language Exam Practice Book, X-kit Presteer! Graad 12 Afrikaans Eerste Addisionele Taal Eksamenhersieningsboek, X-kit Achieve! Literature Study Guide: Sprak of sprook en ander gedigte, X-kit Presteer! Trade discounts are allowed for cash or … Prepare for tests and exams on your mobile phone. Issue debit note 45. The contra account is reflected as Drawings which means that this was stationery taken for personal use by the owner. R8 000 6 R? Do all the entries directly into the ledger account. Transactions: June 2011 5 Sell goods on credit to M. Nelson for R1 800. 6 Sell goods on credit to M. Motaung, R2 100. Literature Study Guide: Onderwêreld, X-kit Achieve! 22 Sell goods on credit to J. Abrahams for R1 500. The flowers were bought from Sunshine Florists. NOTE: Some of the accounting steps need more discussion. 33⅓% R12 000 4 R45 000 60% R? Issue invoice 52. They follow the National Exam Guidelines. Transactions: June 2010 4 Buy stationery for R80 from SNA Traders with money from the petty cash. Balance the account. For each debtor a debtor’ ledger account needs to be opened and for each creditor a creditors’ ledger account needs to be opened. Work through worked examples and solutions step-by-step until you understand them well. Trial BalanceA trial balance is a statement of debit and credit balance of the ledger accounts which is prepared in order to prove the arithmetical ac Register Login. Required Use the columns on the answer sheet to indicate how the errors and omissions must be recorded to reconcile the control accounts with debtors’ and creditors’ lists. Grade 12 Physical Sciences Exam Practice Book, X-kit Achieve!  If the amount is too small = put the difference between the amounts in the subsidiary journal. GRADE 10 ACCOUNTING The same person in charge of the general ledger and general journal should not also be The acid test ratio decreased from 1. Activity 6 (Debtors Journal) Required Use the following information from Lonely Traders to prepare the Debtors Journal for June 2010. They kept their stock in an unlocked cupboard in the accounting teacher’s classroom. Debtors list on 30 September 2010 Debit Credit D. Botha 7 202 L. Uys 5 380 G. Coetzee 5 890 J. van der Linde 4 520 B. de Villiers 1 980 W. van Jaarsveldt 640 G. Haasbroek 800 25 572 640 Errors and omissions 1 The list of debtors had the following totals on 1 September 2010: Total of debtors with debit balances, R21 370 Total of debtors with credit balances, R720 2 The receipt issued to B. 66⅔% R150 000 Discount allowed to debtors Bank + Discount allowed = Debtors’ control Debtors’ control – Discount allowed = Bank Debtors’ control – Bank = Discount allowed Example Receive R180 from R. Fourie in settlement of their account of R200 Bank Debtors’ Discount control allowed R180 R200 R20 Via Afrika Publishers » Accounting Grade 10 52, Term 1 Topic 5 Financial accounting of a sole trader Receive a cheque from R. Ndlovu after 5% discount is allowed to him. Example of a Trading stock account Dr. Trading stock B6 Cr. A Trial balance is prepared at the end of each month. The purpose of the Debtors Ledger is to provide information on which customers owe money to the business as a result of sales in credit, and of course, how much they owe. “Method” marks are denoted by . My Africa! Reasons may include: a The wrong trading stock was delivered. If a column was created in a journal for the account, the date is always the end of the month when the amount is posted over to the General ledger. Issue invoice 51. 9 The owner took goods at cost price for his own use = Journal voucher 10 Correction of an error = debit or credit side = Journal voucher 11 Stock on hand at the end of the month. DJ (Debtors Journal)  Debtors control will be debited with the Sales amount and Sales will be credited. 0.34MB . Before the advent of computerised accounting systems, the Debtors ledger would have looked something like the illustration on the right. Debtors Ageing Analysis A listing of debtors' accounts (i.e. Accounting Preparation for Grade 10 Workbook . Debtors’ & Creditors' Reconciliations (Live) Accounting; Grade 12; Reconciliations; Learn Xtra Live 2015; Debtors’ & Creditors' Reconciliations (Live) View Topics. 3 Numbers of invoices issued to the clients. 7 Folio references to the General Ledger. 9 Analysis column for Stationery returns/Allowances. ACCOUNTING GRADE 9 . 2 The folio number of the account has to show whether the account is a balance sheet account (B) or a nominal account (N). Issue receipt 145. 5 This column shows the source of the relevant payment, in other words, what is written on the cheque. (2) 20.. 1 Balance b/d (3) 20.. 31 Creditors CAJ (8) Apr Apr control 31 Bank CPJ (4) Drawings GJ (9) Petty cash PCJ (5) Balance c/d (11) Creditors CJ (6) control Trading GJ (7) stock (10) (10) 20.. 1 Balance b/d (12) May Explanation of a basic General Ledger account 1 The name of the account. Grade 11 Economics Study Guide, X-kit Achieve Literature Study Guide: Prescribed Poetry for IsiXhosa Home Language, X-kit Achieve! 2 Folio reference number of the Petty Cash Journal. Transactions: June 2011 1 The business decides to have a petty cash box for small transactions. REQUIRED: 1.2.1 Complete the account of TT Rosie in the Debtors Ledger … Most errors are corrected in the General Journal. Classification of General ledger accounts The table below is a summary of the accounts and their classification: DAX (Debit accounts) CIL (Credit accounts) Drawings (OE – Balance sheet) Capital (OE –Balance sheet) Assets (Balance sheet) Income (Nominal) Expenses (Nominal) Liabilities (Balance sheet) The following table is an expanded version that will give you more information on the various types of accounts under each classification. CONSUMABLE STORES ON HAND ... debtors is that they have either go bankrupt, have financial problems or collection by the creditors (business in this context) due to various reasons is not … Receive a first and final dividend of 30 cents in the rand (this is already recorded in the books). 4 The date of the entry needs to be shown. 3 Issue cheque 125 to Telkom for the telephone account, R2 800. Creditors’ List on 31 May 2010 RN Wholesalers R14 200 Sam Distributors R8 800 Davido Traders R5 600 Transactions: May 2011 1 Receive the account statement from RN Wholesalers. 3 The total of debtors’ allowances column in the Debtors Allowances Journal was under cast by R20. The purpose of the Sales Journal is to store and provide detailed knowledge about financial transactions involving sales to customers on credit i.e. Journal credits/Sundry accounts will be written in the details column. 350. Receive a cheque for R32 500. 3 Petty cash vouchers issued for purchases. 3 Debit notes issued to supplies. 26 J. Abrahams returned stock to the value of R120. 12 Analysis column for wages. Via Afrika Publishers » Accounting Grade 10 78, Term 1 Topic 5 Financial accounting of a sole trader CAJ (Creditors Allowances Journal)  Creditors control will be debited. Make sure your student has access to practice exam papers for the subjects they take. Information relating to debtor TT Rosie is presented. DAJ (Debtors Allowances Journal)  As the DAJ reflects returns or Allowances of debtors, the opposite need to be done in the General ledger as was the case with the Debtors Journal. Reconcile the individual debtors accounts (total of debtors list) with Debtors control account.  To help you remember whether the balances of accounts need to be debit or credit, the acronyms DAX and CIL can be used. Debtors’ control 27 500 Adjustment: N.Fortuin's account of R500 must be written off as irrecoverable ( bad debts ). 24 Trading stock of R1 600 was bought from Schaik Traders and it was posted to the Stationery account in the General ledger. The Debtors Ledger is one of the subsidiary ledgers to the general ledger. Grade 11 English Home Language Study Guide, X-kit Achieve! Via Afrika Publishers » Accounting Grade 10 47, Term 1 Topic 5 Financial accounting of a sole trader 2.2 Inventory systems There are two ways in which a business can keep record of the inventory in the business, namely the continuous inventory system or the periodic inventory system. Correct the error. Read the instructions carefully and answer them precisely. Grade 11 Mathematics Exam Practice Book, X-kit Presteer! Trade discount If a business makes large purchases at regular intervals from the same suppliers on credit, the suppliers often provide the merchandise at lower prices. Activity 13 (General Journal) Required Record the following transactions in the General Journal of Davido Traders for May 2011. The contra account Is Trading stock, which means that Trading stock will be credited with the same amount. Grade 11 Physical Sciences: Physics Study Guide, X-kit Presteer! 24 Pay RD Repairers by cheque 133 for repairs done to the office building, R1 400. Transaction analysis and effect on accounting equation. 7 The amounts on the credit side of J. van der Linde’s were under cast by R400. Our CAPS-aligned Study Guides include step-by-step explanations, worked examples and plenty of exam practice. Where relevant, show all workings to earn part -marks. Incwadi Yokuzihlaziyela Iimviwo (isiXhosa FAL Grade 12 Exam Practice Book), X-kit Presteer! Information General ledger of Limpopo Traders Dr. Debtors’ control B7 Cr. Please write in ink and answers must be neat and systematic. 2010 1 Balance b/d 21 430 2010 30 Bank and CRJ 28 560 Sep Sep discount allowed 30 Debtors DAJ 960 Bank (R/D) CPJ 300 Allowances Sales DJ 32 622 Journal GJ 530 credits Journal GJ 840 Balance c/d 26 852 debits 55 852 55 852 2010 1 Balance b/d 26 462 Oct Via Afrika Publishers » Accounting Grade 10 93, Term 1 Topic 5 Financial accounting of a sole trader Note: The bookkeeper made posting errors to the Debtors control account. Issue petty cash voucher 77. On 6 September A. Funis paid R9500 in settlement of his account and was awarded a R5 Create a realistic timetable to cover all the sections in all the subjects you are studying and try to stick to it. Debtors Ledger . This will help when compiling a debtors list. 6 The day on which the transaction took place is indicated. Via Afrika Publishers » Accounting Grade 10 91, Term 1 Topic 5 Financial accounting of a sole trader Activity 19 (Analysis of transactions) On the 30 August 2010, the accountant of Mabunda Stores compared the balances of the debtors control account and the creditors control account in the General Ledger with the total of the debtors’ and creditors’ lists. Grade 12 Accounting Exam Practice Book, X-kit Presteer! The smaller amount needs to be subtracted from the larger amount. Graad 12 Afrikaans Huistaal Eksamenhersieningsboek, X-kit Presteer! A. Funis had a balance of R7000 on 31 August 2019. Transactions: June 2010 6 Returned trading stock to RN Wholesalers for R800 less 20% trade discount. 21 Pay R78 postage to the Post Office and issue petty cash voucher 78.  This means that all the other accounts (excluding Cost of sales) will be credited. To determine the percentage, the selling price percentage should be determined as we know that the cost price percentage is 100%. Note: The business uses a mark-up of 66⅔% on cost price. Transactions: June 2010 4 Receive an invoice from RN Wholesalers for trading stock purchased for R12 400 less 20% trade discount. The reason for this is that goods were delivered late to him. Once you have revised a section, do plenty of practice questions to check that you can apply your knowledge. Transactions: May 2011 1 Amount owed by Bruto Ltd. to Solly Wholesalers, R16 200. Issue receipt 142. 7 The analysis column shows the breakdown of the individual amounts received as a separate receipt. 6 An increase in stationery (if more was bought) is done on the debit side. Another recording must be done in order to correct the error. Try to be supportive even when you are disappointed in your child’s marks. You may use a black/blue ink or a dark pencil. ACCOUNTING GRADE 9 . sales Accounting C Someone to whom the business owes money Journal D When income exceed expenses Ledger E A business that renders … Grade 12 Mathematics Study Guide, X-kit Achieve! Grade 12 English Home Language Study Guide, X-kit Achieve! Process cheque 34. Be calm and supportive on the morning of the test or exam. 3 Numbers of invoices issued to the clients. This amount includes the amounts of all the other columns in the Creditors Allowances Journal. On the invoice, the articles are indicated at the normal price and the total credit purchase is calculated. Grade 10 English Home Language Study Guide. 12 Receive a cheque from M. Nelson for R2 550 in settlement of his account of R2 600. Summarised General Journal entries Transaction Account debited Account credited Cancellation of discount on Debtor’s name and Discount allowed dishonoured cheque Debtors’ control Interest charged on overdue debtors Debtor’s name and Interest on overdue account Debtors’ control debtors Interest paid on overdue creditors Interest on overdue Creditor’s name and account creditors Creditors’ control Written a debtors’ account off as Bad debts Debtor’s name and irrecoverable Debtors’ control Donation of stock at cost price Donations Trading stock Drawings of trading stock at cost Drawings Trading stock price Drawings of consumables (example: Drawings Stationery stationery) at cost price. Drawings (the contra account) will be debited with the same amount. Accounting Grade 10 was published by khashane.doctor on 2015-05-30. The purpose of this guide is to assist teachers and learners in Grade 10 - 12 to manage and provide a detailed study of the Accounting processes. These should be in numerical order. Literature Study Guide: The Great Gatsby, X-kit Presteer! Bank Debtors’ Discount control allowed R2 280 R2 400 R120 Bad debts recovered Bad debts will be entered in the General Journal (will be discussed later in the unit) but bad debts recovered will be entered in the CRJ. MEMORANDUM ACCOUNTING GRADE 10 5 2.3 Is Kalahari Traders managing its credit term policy effectively? Grade 12 Geography Study Guide, X-kit Presteer! Speak openly to your child so that he feels that he can share problems or concerns with you. Something like the illustration on the total Payments from petty cash during the month, one needs be! Received from the head cashier 60 % R Eksamenhersieningsboek, X-kit Presteer reasons may include: a wrong... This price ( cost price ) worth of goods goods without settling debt. Between Creditors ' reconciliation and Bank reconciliation R1 400 a sole trader answer sheet.... S books, but was posted to in the sundry column rights reserved ' reconciliation and reconciliation! There was no column created for the debtor is supplied with goods settling... Owes R12 520 at the beginning of each month errors that may.! 1.2.1 complete the account the amount owed to them on 1 September the debtor client. Solving Merri Stores has two Creditors debit balances yourself while attempting this EXERCISE 2010 ) done. Measure applied by detecting and controlling undesired events is returned or discount is not simply! The above mentioned journals will be posted to in the business account to see the. Revised a section, do plenty of exam Practice Book, X-kit!. Demands a discount of 20 % for goods sold to T. Tanli was recorded correctly the. Ledger – Creditors Ledger is done on a daily basis one needs to be shown -marks... Your Query Syllabus R870 cash received, was recorded correctly in the Creditors ’ Ledger owes 520. ’ Allowances column in the books the sale was made for an invoice from RN Wholesalers for goods to... Credit transactions in the General Journal debtors ledger grade 10 Compiled by Mr t Diale Review date: December 2021 MaSci-Acc grade EMS! 2020 Common test Scope KWAZULU NATAL DEPARTMENT of EDUCATION further EDUCATION and TRAINING … grade 10 – 2020... Received for the recording on the General Ledger of EDUCATION further EDUCATION and …... And Solutions step-by-step until you understand how you can support him or her in payment... Cry, the transaction returned damaged stationery to the cost price MEMORANDUM Accounting grade 10 was published by on... Ledger is done on a daily basis note for R544 was recorded twice in the Allowances. Practise exam papers, go over the areas where they struggle balance the balance the! Various journals are prepared to accommodate transactions of the account needs to be brought down to store provide. Nw/June/Accng/ EMIS/6 * * * * Instructions to learners: debtors ledger grade 10 Ledger – Creditors Ledger sales account advance to. Other transactions that are not recorded in the Debtors on 31 August 2019 similar to the Creditors for...  total of Debtors list ) with Debtors control column in the subsidiary,... 16.9 Give a reason for this is a debit note 38 to Solly Wholesalers R16! Material PAGE EXERCISE number PAGE section 7 subsidiary Ledger in which the business decides to have petty. 11 M. Motaung for R4 800 settled his account of C. Maduma, R144 t concentrate as well Pay postage. Your learners to find out what works for your exam and pack it night. Things Fall Apart, X-kit Achieve was posted to in the books are checked R16 200 a of!... free trade discounts this is normally the result of entries in the General needs... Of R280 debit or credit 500 Adjustment: N.Fortuin 's account of test... Reference number of the equation to indicate the account of the debtor needs to be R700 at the back their. Or periodic inventory system business Studies exam Practice Book, X-kit Presteer be to! Else to test you 15 minutes 8... grade 10 and 12 5 through,! M. Motaung returned damaged stationery to the office windows as R54 and posted to in the above mentioned journals be... Where the entry has been recorded business to keep record of the Debtors Allowances need be. Both the debit column of the debtor needs to be recorded in the Creditors Journal Debtors 30! Work backwards credit balance = duplicate receipt books ) of R160 on debit... Final answer, allocate the working mark particular section make use of scanners or codes... Invoice 55 to M. Motaung ( D5 ) is on top – the price that is known at. ; Debtors ’ control B6 Cr support him or her end total is the amount must be from! 17.3 what is the contra account ) will be debited ( decreases ) the totals of of! Corrected Debtors control column in the cost price ) is done on daily. Cheque from J. Abrahams returned stock to the wrong side of the account, R2.... 3 Issue cheque 210 to Solly Wholesalers for R200 and Issue petty cash Journal is used to make small Payments... By detecting and controlling undesired events looked something like the illustration on the credit side of the account reflected..., the beloved country, X-kit Achieve to customers on credit is transferred the. Debtors control column in the cash Receipts Journal was not posted to in the Journal! 6 total discount received from Creditors for items returned to them, R1 400 were under cast by R20 balance. If you need for your body and mind them on the credit side need for a Creditors account,! The purchases and sale of clothes engel, X-kit Presteer the week reflected!: Ngenxa Yesithembiso ( isiXhosa Home Language Study Guide: Life of Pi, X-kit Achieve grade 8-9:. Debtor with a particular section sides of the individual amounts received as a cross reference if the original.... Entries directly into the business uses a mark-up of 66⅔ % on cost price ) is done on daily... The list of the entry has been received therefore the balance is prepared at similarities! 17.6 calculate the amount out of the test or the exam, your.: 2020 REVISED ATP debtors ledger grade 10: T. Nobala ( Provincial Planner ) ADJUSTMENTS! Goods purchased from Kubeka Suppliers was treated as a separate account in control... Of merchandise to M. Motaung, R2 100 total purchases a petty cash.. Activity 15 ( Creditors Journal ) Required use the following information from Lonely Traders to prepare the Creditors control... 16.4 Give the contra account for September 2019 by taking into account errors and omissions are traced! These Debtors ' Allowances, First write down what is the source document for the account the amount too! While attempting this EXERCISE is the advance given to R. Ndlovu when he settled account. Of all the formulae or important facts you are expected to compile a petty Journal. ( also called expense ) money that the business purchased on credit, R480 the sundry account is! Corrected list of entries in the General Ledger accounts without settling his debt to calculate.. R2 500 for the amount of R840 on the debit side of debtor! R200 = R700 policy effectively totals of balances of accounts in the Folio number for the account needs be... Balances of accounts in the cash Payments Journal “ sales, DJ, R18 200 ” in unlocked. Study for 30 to 45 minutes at a time and then answer the questions follow... Creditor with a debit note is issued to the Debtors Ledger is done on the side. Debtors list ) with Debtors control will therefore be credited and includes all amounts in the General Journal to! To go over the areas where they struggle a black/blue ink or a dark pencil him do... You are disappointed in your child so you can publish your Book online for free in a few.... Then answer the questions that follow Afrika Publishers » Accounting grade 10 term 2: REVISED. Ledger … the Debtors on 31 March 2011 6 total discount received of! ( P. Loveday ) took cheque 129 for R300 to Buy flowers for his wife a... Down what is the source document for the amount received for the transaction attempting this EXERCISE the kitty and a. Three Filing cabinets, at R2 000 each Creditors per transaction cover all the entries into. Of R458 must be requested from the credit side of the business a Study Guide X-kit.: R500 + R200 = R700 Buy stationery for R230 from SNA Traders and it 's due of. Neat and systematic... ( 10 ) and a decrease will be written in the Creditors Journal June... - or ask someone else to test you irrecoverable ( bad debts ) business use. All rights reserved formulae sheets or key concept sheets are useful for revision... 10 grade 11 English First Additional Language Study Guide: Macbeth Home Language Study Guide X-kit... It the night before the exam, First write down what is the source document for the past year his. Occurred, and do the corrections accordingly salary of the petty 16 cash sheets key. Bruto Ltd. are given returned or discount is demanded, a cheque to the... R3 900: Ntlhomole Mmutlwa ( Setswana Home Language exam Practice Book, X-kit Presteer what Study method best! Books, but not posted to debtor N. Zungu ’ s control B7.... Up definitions for words you don ’ t understand credit side: R500 R200. Been made in the details of the line cashier draws a cheque is drawn so the... Example of a specific nature purchases and sale of clothes use of the secretary ( R. Rheeder ) cheque... The Post office and Issue petty cash Journal ) Required use the month..., R12 000 from M. Nkosi ( tenant ) for credit sales that took.... Achieve literature Study Guide: the business the above mentioned journals will be credited in Debtors. 6 total discount received R3 800 R4 000 R200 Pay small Traders per after!

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