Accounting Grade 10 North West June 2019 Addendum

Downloaded from hlayiso.com PROVINCIAL ASSESSMENT GRADE 10 ACCOUNTING JUNE112019 ANSWER BOOK NAME OF LEARNER: ............................................................. NAME OF SCHOOL: ……………………………………………. LEARNERS MODERATORS QUESTION MARKS MARK MARK 65 1 40 2 40 3 4 44 5 11 200 This answer book consists of 9 pages. Demo NW/JUNE/ACCNG/ EMIS/6*******

Downloaded from hlayiso.com 2 GRADE 10 ACCOUNTING JUNE EXAMINATION – 2019 QUESTION 1 1.1 1.1.1 1.1.2 1.1.3 1.1.4 1.1.5 5 1.2 GENERAL LEDGER NO. ACCOUNT ASSET EQUITY LIABILITY DEBIT CREDIT Eg. Bank Capital + 120 000 +120 000 1.2.1 1.2.2 1.2.3 1.2.4 1.2.5 20 1.3.1 (a) (b) (c) (d) 12 Demo NW/JUNE/ACCNG/ EMIS/6*******

Downloaded from hlayiso.com 3 GRADE 10 ACCOUNTING JUNE EXAMINATION – 2019 1.3.2 GENERAL LEDGER OF TRUMP STORE BANK 8 DEBTORS CONTROL 13 COST OF SALES 7 Demo NW/JUNE/ACCNG/ EMIS/6*******

Downloaded from hlayiso.com 4 GRADE 10 ACCOUNTING JUNE EXAMINATION – 2019 QUESTION 2 2.1.1 TWO advantages of credit sales 4 2.1.2 TWO vital information to be checked before allowing credit. 4 2.1.3 How can the business ensure that debtors pay their accounts in time? TWO points. 4 2.2 FRANK THULO (DL6) 2.2.1 Folio - 7th : Folio - 21st : 2.2.2 Detail for the 10th : 3 2.2.3 Amount owed by Thulo on 1 September 2018: 3 2.2.4 Percentage discount granted when R4 500 was received. 4 Demo NW/JUNE/ACCNG/ EMIS/6*******

Downloaded from hlayiso.com 5 GRADE 10 ACCOUNTING JUNE EXAMINATION – 2019 2.2.5 Comment on the entry for interest. 3 Calculate the final balance 3 2.3 MARANG SUPPLIERS (CL8) DATE DETAILS FOL DEBIT CREDIT BALANCE 2018 1 Account rendered b/d 12 840 MAY 6 CJ3 19 680 14 17 850 22 Cheque No. 2211 CPJ 7 500 25 12 Demo NW/JUNE/ACCNG/ EMIS/6*******

Downloaded from hlayiso.com 6 GRADE 10 ACCOUNTING JUNE EXAMINATION – 2019 QUESTION 3 3.1 Calculating wages 3.1.1 Calculate Mogale’s net wages for the week Gross wage Deductions 15 3.1.2 Amount due to Medical Aid for the week ending: 5 CF PENSION FUND (B12) 8 Demo NW/JUNE/ACCNG/ EMIS/6*******

Downloaded from hlayiso.com 7 GRADE 10 ACCOUNTING JUNE EXAMINATION – 2019 3.2 Analysing salary information 3.2.1 Calculate Piet’s basic monthly salary in his first year of employment 3 3.2.2 Calculate the total Sales amount for October 2018. 4 3.2.3 Total amount paid by the business with regards to Piet’s employment 5 QUESTION 4 4.1 4.1.1 4.1.2 4.1.3 4.1.4 4.1.5 5 Demo NW/JUNE/ACCNG/ EMIS/6*******

Downloaded from hlayiso.com 8 GRADE 10 ACCOUNTING JUNE EXAMINATION – 2019 GENERAL JOURNAL OF BEN TRADERS – 28 February 2019 4.2 (narrations are not necessary) DETAILS FOL DEBIT CREDIT (i) (ii) (iii) (iv) 21 4.3.1 Three main points to solve the stock problem 6 4.3.2 Two main points to solve the petty cash problem 4 Demo NW/JUNE/ACCNG/ EMIS/6*******

Downloaded from hlayiso.com 9 GRADE 10 ACCOUNTING JUNE EXAMINATION – 2019 4.4.1 Why do you think it is necessary to have a Code of Ethics? 4.4.2 Outline THREE principles of ethical behaviour that you expect them to adhere to. 8 QUESTION 5 5.1 (a) (b) (c) 7 5.2 a. B Lentswe (the local grocer) has set his till to charge VAT on all sales at 15%. Do you agree with this practice? Explain. 4 Demo NW/JUNE/ACCNG/ EMIS/6*******