Economics Grade 9 P1 Gauteng June 2024 Addendum (English)

PROVINCIAL EXAMINATION JUNIE 2024 GRADE 9 ECONOMIC AND MANAGEMENT SCIENCES: FINANCIAL LITERACY (PAPER 1) ANSWER BOOK NAME AND SURNAME: SCHOOL: CLASS: TIME: 1 hour MARKS: 50 7 pages QUESTION 1 2 3 4 5 TOTAL MAXIMUM MARK 10 10 15 8 7 50 LEARNER'S MARK P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 2 (PAPER 1) GRADE 9 SECTION A: SHORT QUESTIONS QUESTION 1 1.1 MATCHING ITEMS 1.1.1 1.1.2 1.1.3 1.1.4 1.1.5 (5) 1.2 CHOOSE THE CORRECT WORD 1.2.1 1.2.2 1.2.3 1.2.4 1.2.5 (5) TOTAL SECTION A: 10 P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 3 (PAPER 1) GRADE 9 SECTION B: THEORY, ACCOUNTING EQUATION AND JOURNALS QUESTION 2: CREDIT TRANSACTIONS - THEORY AND ANALYSIS OF TRANSACTION 2.1 Identify the debtor in the above transaction. (1) 2.2 State the law which protects both the business and the consumer in the above transaction. (1) 2.3 Suggest ONE practice which the business can put in place to get the debtor to pay on time. (2) 2.4 Analyse the transaction from the source document and show the effect that it has on the accounting equation. (Follow the example and columns as set out in the table below). Example: Received R2 000 rent from the tenant for the building let to him. No. Account Account Amount Effect on the accounting debited credited equation A OE L Example Bank Rent Income 2 000 + + 2.4 Sales 8 496 + + Trading Stock (6) [10] P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 4 (PAPER 1) GRADE 9 QUESTION 3: JOURNALS AND DEBTORS' LEDGER 3.1.1 Cash Receipts Journal of Dahl Book Stores for May 2024 CRJ 1 Doc. Day Details Fol. Analysis Bank Sales Cost Debtors' Sundry accounts no. of of sales control receipt Amount Details (4) 3.1.2 Cash Payments Journal of Dahl Book Stores for May 2024 CPJ1 Doc. Day Details Bank Trading Stationery Wages Sundry accounts no. stock Amount Details (4) 3.1.3 Debtors' Journal of Dahl Book Stores for May 2024 DJ1 Doc. Day Details Fol. Sales Cost of sales no. (3) P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 5 (PAPER 1) GRADE 9 3.1.4 Debtors' Ledger of Dahl Book Stores E. Blyton D1 Date Details Fol. Debit Credit Balance 2024 27 May (2) 3.2 The business did not achieve its intended mark of 75% for the transaction dated the 11th. Show a calculation to justify this. (2) [15] TOTAL SECTION B: 25 P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 6 (PAPER 1) GRADE 9 SECTION C: GENERAL LEDGER AND TRIAL BALANCE QUESTION 4: GENERAL LEDGER General ledger of NEF Wholesalers for March 2024 4.1 Dr Bank B5 Cr Date Details Fol. Amount Date Details Fol. Amount 2024 1 Balance b/d 23 100 2024 31 Total CPJ March March Payments 2024 31 Total CRJ March receipts 2024 1 April (4) 4.2 Dr Cost of sales N2 Cr Date Details Fol. Amount Date Details Fol. Amount (4) [8] P.T.O.

ECONOMIC AND MANAGEMENT SCIENCES 7 (PAPER 2) GRADE 9 QUESTION 5: TRIAL BALANCE 5.1 Trial balance of Savoy Traders for February 2024 Fol. Debit Credit BALANCE SHEET ACCOUNTS SECTION Capital B1 B2 Vehicles B3 75 000 Trading stock B4 27 500 Debtors' control B5 15 250 Bank B6 55 975 NOMINAL ACCOUNTS SECTION Sales N1 Cost of Sales N2 75 000 Rent income N3 36 000 Wages N4 15 000 Sundry expenses N5 [7] TOTAL SECTION C: 15 TOTAL: 50 END